Overstock.com Becomes First Major Retailer to Accept Bitcoins

Coindesk ^ | 1/9/2014 | Coindesk/Coinebase

[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.

[TsonicTsunami08]

Here comes the real!

[Pining_4_TX]

Interesting.

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

[Cyclone59]

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

[babygene]

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

[Charles Martel]

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

[Alex Murphy]

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?

[babygene]

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

Why would that be the case?

[Errant]

Great News! Time to go get that watch I've been looking at. ;) Thanks Sonic!

Click to be Added / Removed.

[TsonicTsunami08]

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

[lgjhn23]

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!

[oblomov]

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

[aMorePerfectUnion]

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

[Errant]

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

[TigersEye]

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.

[TsonicTsunami08]

NICE!!!

What time is it?

It’s Bitcoin Time. Wooooot Woooooot!

[Errant]

LOLOL

[G Larry]

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

[real saxophonist]

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.

[Errant]

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! :)

[M Kehoe]

Cool.

5.56mm