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RE: The Bitcoin Turning Point Will Be When Retail Offers Discounts For Payments In Bitcoin
Just so you know, Bitcoin can never be truly fungible. Due to the nature of the blockchain design, diferent coins can be distinguished from each other. Monero's transaction structure is able to preserve this fungability. Not to say that there is no use for Bitcoin, just have to keep in mind its limitations.
Also why in the world would Amazon give a discount to pay in Bitcoin?
I was only referring to the price....why is easy...with the fiat value of the currency side perception of bitcoin ever increasing...they could hang onto just a smidgen of each transaction and over time greatly increase their profits.
There are much less risky investments that Amazon puts its money into.
Since they could convert 99.9% daily and take advantage of the 0.1%....I hardly see it as a risk factor.
Yeah you have to understand the types of margins Amazon is working with here. Investment into their own businesses is much more profitable for them than the risks of BTC.