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Overstock.com aims to be first major US retailer to accept Bitcoin

By Shawn Knight
Dec 21, 2013
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  1. Bitcoin recently received a boost of confidence as Overstock.com CEO Patrick Byrne said his company would be the first major US retailer to accept the virtual currency. It won’t happen anytime soon, however, as they won’t be set up to...

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  2. JC713

    JC713 TS Evangelist Posts: 7,082   +920

    I wonder if they will set an example for other retailers.
     
  3. cliffordcooley

    cliffordcooley TechSpot Paladin Posts: 6,406   +1,593

    Take that Bankers! Honestly though with the Bitcoin value bouncing, I don't know why anyone would use it.
     
    GhostRyder likes this.
  4. davislane1

    davislane1 TS Evangelist Posts: 1,600   +629

    So long as they exchange it quickly, there isn't that much risk. Moreover, if Bitcoin does stick around beyond its (current) bubble phase and anything substantial happens with official currencies during the next several years (a strong possibility), getting ahead of the crowd with Bitcoins could be immensely profitable.

    I don't put much stock in them personally. The devaluation of official currencies is something you can see from a mile off, but Bitcoin could zero overnight if someone cracks the Bitcoin code. Nevertheless, no fortune was ever made taking advantage of an opportunity that was obvious.
     
  5. @cliffordcooley: True, because no other currency fluctuates in value.
     
  6. GhostRyder

    GhostRyder TS Evangelist Posts: 2,311   +551

    Right on, honestly its got to be pretty hard to manage, but cool if they get a good system down.
     
  7. And again another post about bit-makes-everybody-lose-money-coin.

    What people really what is get everybody talking about it.

    This thing is wrong in its conception, in its definition and won't have any effect on real currency.

    Hackers all over the world are just waiting to start making money with bit coin, but they are also frustrated because this thing won't fly.

    Bring us more PC Games/PC Hardware reviews TechSpot!


    Cheers!
     
  8. And again another post about bit-makes-everybody-lose-money-coin.

    What people really want is get everybody talking about it to see if it flies. But it won't.

    This thing is wrong in its conception, in its definition and won't have any effect on real currency.

    Hackers all over the world are just waiting to start making money with bit coin, but they are also frustrated because this thing won't fly.

    Bring us more PC Games/PC Hardware reviews TechSpot!


    Cheers!
     
  9. Fbarnett

    Fbarnett TS Enthusiast Posts: 183   +24

    They need to. All they have is refurbished stuff that cost more than the same item new. I have not found a deal there in like 10 years
     
  10. cliffordcooley

    cliffordcooley TechSpot Paladin Posts: 6,406   +1,593

    Their name is Overstock. If their prices were not high they wouldn't have overstock. lol
     
    davislane1 likes this.
  11. wastedkill

    wastedkill TS Maniac Posts: 1,192   +246

    Wish overclockers the uk shopping site accepted LTC or BTC xD
     
     


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