“Obviously it gets a lot of press and we have considered it,” Amazon payments head Tom Taylor told Re/code in a recent interview, “but we’re not hearing from customers that it’s right for them and don’t have any plans within Amazon to engage bitcoin.”
Amazon isn’t alone in this stance among big e-commerce sites. EBay, Walmart.com, Target.com and other big names have shown no signs of moving toward acceptance, says Rw/code.
It's hilarious how you've become the Internet's clearinghouse for anti-bitcoin "news", no matter how insignificant or inaccurately reported. Your tendentiousness is obvious for all to see
ReplyDeleteHaha, yep. The sad part is that Wenzel won't throw in the towel until Schiff does (then Wenzel will feel comfortable). Same pig-headedness on this topic.
DeleteWenzel has never objected to the libertarian aspects of Bitcoin. All he has done is post his best predictions as to its success or failure. His comments center around two main points: (1) that Bitcoin has been in a bubble and (2) Bitcoin is likely to be heavily hit by government regulation causing mainstream retailers and mainstream consumers to avoid it. So far he has been dead on on both. When bitcoin was at $1200, he said it would fall. Now it is around $379. And over the past few months, government's teeth and claws have come out in a big way against Bitcoin. Is he supposed to be quiet so his readers will buy bitcoins to their ultimate detriment? Did I miss a meeting where it was decided that only positive Bitcoin developments should be posted? Isn't the best approach consistent with libertarianism to have people post their views, both negative and positive so we all can better decide for ourselves what is best?
ReplyDeletehahah "both negative and positive". Yeah right. I don't think Wenzel has ever posted anything positive. The truth is he doesn't understand why bitcoin is significant from a technological point of view. Nor do any of the Austrosaurs (Austrian dinosaurs). They're all old, technologically illiterate luddites (following in the tradition of Rothbard who never even wanted to use a computer). Not to mention the subject matter is clearly above their pay grade. Let's see Wenzel say something remotely insightful about cryptography, or computer science or why bitcoin has solved a fundamental challenge in both those disciplines and how this breakthrough has economic implications. All you will hear is the sound of crickets
ReplyDeleteI bought bitcoins at $40 because of RW's recommendation. I sold bit coins at $600 because of RW's recommendation. We hear what we want to hear.
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