In Other News:
Bitcoin Stares Down Impending Apocalypse (Again)
China's Bitcoin exchanges aim to work around rules
Taxpayer Advocate to IRS: We Need Bitcoin Guidance
I suspect that newegg’s margins a re lower than overstock’s. On the other hand, they need a leg up Amazon.
I wouldn’t, at least not yet. NewEgg, being an electronics retailer, probably operates at low margins. BitCoin values are too unstable for use as an exchange medium.
Would kind of suck if NewEgg took in $1 million in Bitcoin orders at $600/@ only to see the Chinese attack BC the next week, and seeing it close at $300/@.
I can imagine Newegg doing this.
When I need anything electronic, Newegg is the place I’ll look first, and rarely will I need to look anywhere else. Newegg rocks!!
No word yet on how successful Overstock's rollout was, but I suspect it was pretty big!
Has Overstock actually rolled it out yet? I poked my head in there and looked. Didn't see anything about bitcoin. (Nor, anything I wanted to buy.)