I knew they'd try and stick their dirty hands in this at some point. God Bless America the land of the *free
that could really kill bitcoins. For the masses changing coins to dollars is very important. As for the Ponzi scheme. there is definitely money going in and there is no justification for what is coming out. Your assumption that they actually manufacture and mine for them selves is an interesting one (I thought they just took money) But I wonder if they actually went through the trouble of mining to reinvest their "profits" what percentage of the network they control. There is only one cure for low supply. Why would you choose delaying over higher price. The line up at the grocery store is only so long.
amazon coins are coming. " If you're a Kindle Fire owner, you've now got 500 free Amazon Coins in your pocket. Of course, that probably means nothing to you at the moment, but those 500 Coins can buy you $5 worth of apps and games in Amazon's App Store. Today the e-commerce giant announced Amazon Coins, its own digital currency for Kindle Fire owners. You will be able to buy Coins on Amazon.com -- 500 Coins cost $5; 1,000 cost $10; and 10,000, $100 -- and then use them to buy apps and games. If you buy Coins in bulk, Amazon says, you will get a discount on them. Buy why use Coins and not good old dollars? Well, Amazon hopes that the Coins will make it easier for customers to buy apps. You buy a chunk of Coins, and you don't have to worry about handing over more cash to Amazon. Amazon also says the Coins never expire and there are no fees." http://abcnews.go.com/Technology/am...cy-buying-apps/story?id=19170199#.UZPcqbWsiSo
Funny, instead of accepting bitcoins, they are just going to make gift cards that are exclusively for amazon, but call them coins. Solid work, Amazon. Can someone explain to me the point of these things?
Apps and games? I've got two Prime accounts and have yet to buy an app or a game for my three android and two iOS devices.
Ahhh ... so only the masses crave the ability to convert into the worlds most widely accepted meduim of exchange? Do the cognizanti consider it an advantage that moving from one to the other just became more tedious?
Feds shut down Mt Goxs account a Dwolla http://www.washingtonpost.com/blogs/wonkblog/wp/2013/05/15/the-coming-political-battle-over-bitcoin/
If individual users were able to trade coins and accept them as payment outside of amazon's closed system, amazon might be on to something.
Beside Amazon coins, now you can send money with gmail too... The competition increases.... http://techcrunch.com/2013/05/15/go...o-gmail-so-you-can-send-money-as-attachments/