Overstock.com now accepts Bitcoin for online purchases ...
Remember Overstock? It's basically a crypto company now
Bitcoin - The Currency of the Internet
A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
O [bitcoin](http://en.wikipedia.org/wiki/Bitcoin) ([2009, paper técnico](https://bitcoin.org/bitcoin.pdf)) funciona principalmente como um dinheiro digital. Com aceitação mundial (Dell, Microsoft, Overstock etc.) o bitcoin tem características que faz dele uma excelente forma de armazenamento e transferência de valor. > “**[Bitcoin] é a Internet do dinheiro**; não é apenas um dinheiro para a Internet. [...]” *Andreas Antonopoulos*
Hi guys, just wanted to quickly share an experience I just had. Made a significant purchase >$1000 on Overstock.com, saw the Bitcoin payment option, and though "why not?" I'm an enthusiast and it seemed like a good idea to make my first true blue bitcoin transaction for goods/service. As soon as I shipped the Bitcoin, a red screen came up saying: There was a problem with your order, it has been cancelled, please call customer service, etc. ....But the bitcoin was gone! Called them, waited 2 mins, talked to a nice rep who had very little understanding of how bitcoin works. She told me the order was canceled and that I should just re-order and pay with a different method i.e. paypal or cc. I told her that sounded good, except one thing. Bitcoin was sent, and I can't get it back. She forwarded me to the "pay support" department where they found the transaction, noted it still needed a few more confirmations to issue a refund, and that they would email me with a request for a return bitcoin wallet address later today or tomorrow. About an hour later I received the email. I shipped them my wallet address, and I received the USD equivalent (at current rates) in bitcoin right away. Thankfully it was within a few bucks of the original payment. I am very satisfied with the outcome, but it did scare the hell out of me for several minutes.
Overstock Bitcoin Transactions Surpass $1 Million Milestone. Overstock sued for $6.8 million for fraudulent pricing practices. Overstock CEO: "Keep on buying bitcoiners, we're just part of the way there!"
Overstock.com just started accepting bitcoins ahead of schedule
As the artice was released there was a quick crash on all markets, Don't know if it was a whale looking to crash before the news hit or what happened but either way I just changed flair. http://www.wired.com/business/2014/01/overstock-bitcoin-live/ Overstock.com is now accepting payments in bitcoin, making it the first major online retailer to embrace the increasingly popular but controversial digital currency. Since December, Overstock’s free-thinking CEO and chairman, Patrick Byrne, has been telling anyone who would listen that his company would adopt bitcoin sometime in the next six months. But Byrne is an impatient man. Last Tuesday, the company struck a deal to handle bitcoin payments through a service operated by the suddenly hot San Francisco startup Coinbase, and since then, a team of Overstock engineers has worked almost every waking hour to prepare the site for what is undeniably a key moment in the digital currency’s short history. “I felt I had tipped my hand,” Byrne says. “I didn’t want someone else to beat us.” ‘I felt I had tipped my hand. I didn’t want someone else to beat us.’ — Patrick Byrne So, just minutes ago, Overstock started accepting bitcoin payments for everything it sells, from laptops and TVs to faucets and bar stools. Byrne believes this can ultimately boost the company’s bottom line, but that’s not his only aim. For Byrne, a rather opinionated libertarian who’s unafraid to take his company places others fear to tread, embracing the cryptocurrency is as much a political statement as a business decision. Like so many others, he believes bitcoin can free the world from the control of big banks and big government. “It helps us fight the machine,” he says.
Una extraa correlacin de precios: Bitcoin y Overstock
Correlacin de precios extraa: Bitcoin y Overstock Bitcoin (BTC) muestra una curiosa correlacin con el precio de las acciones de una empresa minorista estadounidense de Internet Overstock.com Inc (OSTK). Los observadores de mercado han detectado una correlacin entre el movimiento entre BTC y OSTK. Durante meses, se ha observado que BTC sigue el movimiento del Ms The post Una extraa correlacin de precios: Bitcoin y Overstock. leer mas..
Bitcoin may be an interesting exercise for tech geeks, and acceptance by retailers like Overstock will certainly help its adoption. But Bitcoin has a long way to go before its ready for mainstream ... Bitcoin How do I pay with Bitcoin? Bitcoin is a digital currency that allows quick and secure online payments. We partnered with Coinbase, a Bitcoin platform, to enable Bitcoin as a form of payment on Overstock.com. Coinbase is a Bitcoin wallet that allows consumers to buy, sell, send, and receive Bitcoins. Online retailer Overstock has said it hopes to sell its e-commerce business by February in order to focus on blockchain. The clock is ticking. CEO Patrick Byrne explains the strategy. The company is one of the first retailers to accept bitcoin and will make the coin offering through its exchange, tZero. Its stock has tracked closely to bitcoin's wild rise -- Overstock's stock ... Riding the bitcoin wave. The dramatic rise in the price of bitcoin and other cryptocurrencies is a big reason Overstock is pushing forward with blockchain deals and de-emphasizing the retail business.
Patrick Byrne CEO of Overstock talks about Bitcoin (Ep 28: A Bit Cryptic Podcast)
Overstock.com CEO Patrick Byrne talks with CNN's Zain Asher about the potential strengths of bitcoin during a dollar crisis. The premium version of this episode also includes why he first decided to open Overstock.com to accept Bitcoin, his views on the future of bitcoin, and what it was like being the most hated man in ... Bitcoin focus could be in future of Overstock.com - Duration: 7:13. Fox Business 1,454 views. 7:13. Gerald Celente on the Relationship Between Bitcoin and Bullion ... Overstock CEO on the power of bitcoin - Duration: 11:45. Fox Business 27,694 views. 11:45. How Macro Trader Novogratz Became a Bitcoin Convert - Duration: 37:32. The CEO of Overstock.com is one of the most outspoken proponents of bitcoin. The more I study bitcoin, and find true VISONARIES like Bill Gates, Richard Bran...