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A comment on Amazon denies report of accepting Bitcoin as payment. Parent comment

Re:Amazon denies report of accepting Bitcoin as payment by dadoge on Monday July 26, 2021 @08:08PM (#27967086)
There is very little consumer demand to buy things in Bitcoin, esp in the US.

Maybe elsewhere tho…like South America or Africa

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Re:Amazon denies report of accepting Bitcoin as payment by phasnox on Monday July 26, 2021 @11:12PM (#27968221)
Of course there is little consumer demand NOW.

So what? They are big enough to create the correct incentives to change that.

Everyone will benefit, but specially them.

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Re:Amazon denies report of accepting Bitcoin as payment by dadoge on Tuesday July 27, 2021 @08:17AM (#27971517)
It’ll look bad for both Amazon and Bitcoin if they took that out and it’s a flop
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Re:Amazon denies report of accepting Bitcoin as payment by WalterSear on Monday July 26, 2021 @09:00PM (#27967432)
Even less there.
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Re:Amazon denies report of accepting Bitcoin as payment by dadoge on Monday July 26, 2021 @09:09PM (#27967486)
What do you mean?

Argentina has had over 30% inflation EACH YEAR for many years in a row, for instance

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Re:Amazon denies report of accepting Bitcoin as payment by WalterSear on Monday July 26, 2021 @09:29PM (#27967583)
They still have US dollars. They have less access to crypto and less ways to use it. They are poorer and can suffer market fluctuations worse. They don't have a government attempting to shut down fraudulent crypto actors in the way the US is.
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Re:Amazon denies report of accepting Bitcoin as payment by dadoge on Monday July 26, 2021 @09:41PM (#27967659)
https://medium.com/muunwallet/muun-releases-non-custodial-bi...

They are actually at the forefront of adoption of The Lightning Network.

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Re:Amazon denies report of accepting Bitcoin as payment by dadoge on Monday July 26, 2021 @09:45PM (#27967672)
Yes they “have usd” but from What I gather it’s not the norm to get paid in USD
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Re:Amazon denies report of accepting Bitcoin as payment by WalterSear on Monday July 26, 2021 @09:56PM (#27967742)
Crypto or no crypto, they aren't going to be paid in anything but Argentinian fiat.
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Re:Amazon denies report of accepting Bitcoin as payment by dadoge on Monday July 26, 2021 @10:06PM (#27967814)
So…with only a internet access, you can convert that shitty fiat to Bitcoin.

If you dollar cost average Bitcoin, it has outperformed the usd and will very likely continue to do so in the future.

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Re:Amazon denies report of accepting Bitcoin as payment by dadoge on Monday July 26, 2021 @10:12PM (#27967847)
And better to convert shitty fiat into something decentralized and not controlled by some other country
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