Re:Amazon denies report of accepting Bitcoin as payment
by ipaddr on Monday July 26, 2021 @07:40PM
(#27966881)
Exodus of customers? I would bet against that. Flood of contract lawsuits, not likely. Anti-hacking laws used against miners or aws?
Re:Amazon denies report of accepting Bitcoin as payment
by acdha on Monday July 26, 2021 @07:59PM
(#27967026)
You don’t think there’d be a trust issue from showing a willingness to make unauthorized changes to your servers? From breaking their public promises about security, many of which are written into contracts?
Now think carefully about the implications of doing that to steal money. It’s not like they’re hypothetically doing that to hot fix a critical security issue - it’d literally be to profit from betraying their customers’ trust!
That said, if that happened, think about what would happen next: there’d be a mass exodus of customers and breach of contract lawsuits, governments would bring charges under anti-hacking laws, and the rest of the community would agree to rewrite history back to the point before that happened. He’d lose orders of magnitude more money than he could possibly gain, especially given Bitcoin’s limited liquidity.
That last part is key: we have no reason to think Bezos is a crook, or willing to break his customer’s trust, but say he has been completely compromised by Dr. Evil. This still makes no sense because nobody _wants_ a bunch of random hashes — they want to buy things. Even if he could commit the theft of the century, there wouldn’t be any place to spend it with enough volume to make it worth as much as Bezos makes every second.