RE: Could Amazon soon start accepting Bitcoin?
Apple, Google, Facebook & Amazon are all going to adopt blockchain technology, it's only a matter of time. The potential use cases are too many and the benefits too high for them not too.
Question is: which coin will they use? They will each have a different set of requirements, so maybe they'll create their own tokens. Maybe EOS or Bitshares is best suited to handle what they need done. Maybe Stratis or Ripple. But Bitcoin? Highly unlikely. That coin is just too limited by its rigid community, defined by ideologies & principals. Block times below a second is lightyears away for them. BTC is simply not commercially attractive. Its strongest point is the massive hash power its network has. But even PoW seems extremely wasteful from a business point of view.
My .02
Why use someone else's coin when you can create your own and control it yourself! Premine and issue 'bonuses' to shoppers etc! I cant see them using an existing coin. If they do accept bitcoin it will spell the death of bitcoin gold/ cash/ 2x as the mass population will know of only one bitcoin. However, I cant see it happening.
Why use someone elses coin when you can create your own and control it yourself! Premine and issue 'bonuses' to shoppers etc! I cant see them using an existing coin. If they do accept bitcoin it will spell the death of bitcoin gold/ cash/ 2x as the mass population will know of only one bitcoin. However, I cant see it happening.
Then they can offer an exchange to buy "Amazon Coin" for your Bitcoin. They can always take a .5% profit on the exchange or something.
exactly! They would control the coin. Much like bitconnect do. Force you to exchange btc for their coin that they control and which they pay you in.
Right, and Bitconnect is awesome!
While it continues to pay!