{"id":1089,"date":"2017-09-24T23:37:05","date_gmt":"2017-09-24T23:37:05","guid":{"rendered":"https:\/\/davidgerard.co.uk\/blockchain\/?p=1089"},"modified":"2017-11-01T20:32:55","modified_gmt":"2017-11-01T20:32:55","slug":"amazon-is-accepting-bitcoin-spoiler-there-is-no-evidence-nor-reason-for-amazon-to-accept-bitcoin","status":"publish","type":"post","link":"https:\/\/davidgerard.co.uk\/blockchain\/2017\/09\/24\/amazon-is-accepting-bitcoin-spoiler-there-is-no-evidence-nor-reason-for-amazon-to-accept-bitcoin\/","title":{"rendered":"Amazon is accepting Bitcoin!! SPOILER: there is no evidence nor reason for Amazon to accept Bitcoin"},"content":{"rendered":"

The Bitcoin sphere is currently going nuts over the idea that Amazon will start accepting Bitcoin next month! Sure thing! IT’S HAPPENING!<\/p>\n

\"\"<\/p>\n

This came from a post on a blog called Squawker<\/a>, which turns out to be the sort<\/a> of blog that has a front-page header for “culture wars” and thinks<\/a> that “cultural Marxism”<\/a> is a thing. Squawker sourced this remarkable claim from an email newsletter called the James Altucher Report, which mostly advocates startup penny stocks<\/a>, although it’s now heavily advocating cryptos<\/a> (archive<\/a>), a topic Altucher has a lot of interest in<\/a>.<\/p>\n

Altucher thinks<\/a> (archive<\/a>) that Amazon will start accepting Bitcoin because eBay has “expressed interest” in accepting Bitcoin, although I can find no evidence of this, and because Patrick Byrne of Overstock says eBay’s gotta<\/em> accept Bitcoin because Overstock does (0.15% of sales) \u2014 despite Overstock having lost money consistently<\/a> over the past several years on cryptos, which they’re only into at all because Byrne is a Bitcoin fan. That’s the whole basis of the rumour.<\/p>\n

I will be frankly amazed<\/em> if Amazon start accepting bitcoins as of (per Altucher) their next earnings call on 26 October, and if this occurs I will proclaim Altucher a genius.<\/p>\n

Update, 1 November:<\/b> Altucher is pretty smart, but he missed his trick on this one. No cryptocurrency announcement from Amazon.<\/p>\n

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The Bitcoin sphere is currently going nuts over the idea that Amazon will start accepting Bitcoin next month! Sure thing! IT’S HAPPENING!<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[103,21,105,106,107,104],"class_list":["post-1089","post","type-post","status-publish","format-standard","hentry","category-uncategorised","tag-amazon","tag-bitcoin","tag-james-altucher","tag-overstock","tag-patrick-byrne","tag-squawker"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/1089","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/comments?post=1089"}],"version-history":[{"count":8,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/1089\/revisions"}],"predecessor-version":[{"id":1807,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/1089\/revisions\/1807"}],"wp:attachment":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/media?parent=1089"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/categories?post=1089"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/tags?post=1089"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}