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Overstock.com Becomes First Major Retailer to Accept Bitcoins
Coindesk ^ | 1/9/2014 | Coindesk/Coinebase

Posted on 01/09/2014 2:25:16 PM PST by TsonicTsunami08

Online retail giant Overstock.com has moved forward its plan to take bitcoin payments. The company began taking the digital currency on its site this morning.

About $10,000 worth of bitcoins from about 100 customers has reportedly already been spent since Overstock made the announcement just a couple of hours ago.

(Excerpt) Read more at coindesk.com ...


TOPICS:
KEYWORDS: bitcoin; cryptocurrency
Here comes the real!
1 posted on 01/09/2014 2:25:16 PM PST by TsonicTsunami08
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To: TsonicTsunami08

Interesting.

Won’t matter to me, though. I’m too old to figure out my iphone, let alone something as complicated as Bitcoin.


2 posted on 01/09/2014 2:26:22 PM PST by Pining_4_TX (All those who were appointed to eternal life believed. Acts 13:48)
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To: Pining_4_TX

Bitcoin almost sounds as hypothetical as carbon credits. One person benefits and the rest of get screwed.


3 posted on 01/09/2014 2:32:39 PM PST by Cyclone59 (Where are we going, and what's with the handbasket?)
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To: TsonicTsunami08

Does anyone know if you were paid in bitcom’s, would it be taxable income?


4 posted on 01/09/2014 2:33:15 PM PST by babygene ( .)
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To: babygene

You can bet that question will be the subject of litigation soon.


5 posted on 01/09/2014 2:35:11 PM PST by Charles Martel (Endeavor to persevere...)
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To: babygene
Does anyone know if you were paid in bitcom’s, would it be taxable income?

LOL what currency do you think the feds will want tax payments made in?

6 posted on 01/09/2014 2:39:52 PM PST by Alex Murphy ("the defacto Leader of the FR Calvinist Protestant Brigades")
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To: Cyclone59

“One person benefits and the rest of get screwed.”

Why would that be the case?


7 posted on 01/09/2014 2:41:12 PM PST by babygene ( .)
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To: Lurkina.n.Learnin; nascarnation; TsonicTsunami08; SgtHooper; Ghost of SVR4; Lee N. Field; DTA; ...
Great News! Time to go get that watch I've been looking at. ;) Thanks Sonic!


Click to be Added / Removed.

8 posted on 01/09/2014 2:47:57 PM PST by Errant (Surround yourself with intelligent and industrious people who help and support each other.)
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To: babygene

What on earth could have happened to a person to propagate this mindset?


9 posted on 01/09/2014 2:54:16 PM PST by TsonicTsunami08
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To: TsonicTsunami08

This will not set well with the communist libs.
The very idea of virtual money floating anywhere in the virtual world completely unrestrained and not in their control. “The sky is falling....LOL”
I can hear the Fed now....LMAO!


10 posted on 01/09/2014 3:00:23 PM PST by lgjhn23 (It's easy to be liberal when you're dumber than a box of rocks.)
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To: babygene

I don’t see why not. If you were paid in toilet paper, it would count as taxable income.


11 posted on 01/09/2014 3:00:24 PM PST by oblomov
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To: TsonicTsunami08

There are over 1,000 stores and/or businesses that now accept BC.


12 posted on 01/09/2014 3:05:34 PM PST by aMorePerfectUnion (Truth is hate to those who hate the Truth)
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To: TsonicTsunami08
Nice watch and $1 goes to the wounded warrior program:

From the checkout page.

"Bitcoin is a digital currency that allows you to quickly and securely send payments online. If you're already a Bitcoin user, click Submit Order to check out and pay with Bitcoin. For more information about Bitcoin, click here.

Returns and refunds on orders purchased with Bitcoins are eligible only for in-store credit, except in the case of cancelled or unfulfilled orders. Bitcoins can only be used for orders shipped to the United States. See full Terms & Conditions."

Too cool... lol

13 posted on 01/09/2014 3:07:29 PM PST by Errant (Surround yourself with intelligent and industrious people who help and support each other.)
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To: Alex Murphy
LOL what currency do you think the feds will want tax payments made in?

An interesting question. There came a point in the Roman Empire when their currency was so debased they wouldn't accept Roman coinage in payment of taxes.

14 posted on 01/09/2014 3:11:28 PM PST by TigersEye (Stupid is a Progressive disease.)
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To: Errant

NICE!!!

What time is it?

It’s Bitcoin Time. Wooooot Woooooot!


15 posted on 01/09/2014 3:13:22 PM PST by TsonicTsunami08
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To: TsonicTsunami08

LOLOL


16 posted on 01/09/2014 3:17:48 PM PST by Errant (Surround yourself with intelligent and industrious people who help and support each other.)
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To: TsonicTsunami08

This is after Amazon already began issuing it’s own Amazon Coins.


17 posted on 01/09/2014 3:29:34 PM PST by G Larry
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To: TsonicTsunami08
I watched an episode of 'Almost Human' the other day, it's a police show set in the future.

A guy was forced to rob a bank, and the currency used was Bitcoin.

18 posted on 01/09/2014 3:32:49 PM PST by real saxophonist (The revolution will not be televised. Everything else will.)
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To: TsonicTsunami08
Success! Your $259.99 [A little over .3 Btc] USD payment has been sent to Overstock.com.
Your payment completed less than a minute ago with confirmation number XXXXXXX.

Share This: I just paid Overstock.com in bitcoin using Coinbase! http://www.overstock.com/bitcoin

Looks like my new watch is on the way! :)

19 posted on 01/09/2014 3:42:31 PM PST by Errant (Surround yourself with intelligent and industrious people who help and support each other.)
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To: Errant
Cool.

5.56mm

20 posted on 01/09/2014 3:43:33 PM PST by M Kehoe
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To: TsonicTsunami08

Yes but do they accept pieces of eight? Because they are reals. ;)


21 posted on 01/09/2014 7:12:20 PM PST by Redcitizen (Never bring a tank to a Chuck Norris fight.)
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