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Bitcoin Businesses

Bitcoin Payments Go Live At Overstock — Two Quarters Early 182

Posted by Unknown Lamer
from the will-trade-bitcoin-for-socks dept.
New submitter citab writes with news that "the first major retailer is now accepting bitcoins!" In December, announced that they would begin accepting Bitcoin for payment as early as the end of second quarter 2014, but decided to make it a priority task to avoid having someone else beat them to it. From the article: "Last Tuesday, the company struck a deal to handle Bitcoin payments through a service operated by the suddenly hot San Francisco startup Coinbase, and since then, a team of Overstock engineers has worked almost every waking hour to prepare the site for what is undeniably a key moment in the digital currency’s short history. ... [Overstock CEO] Byrne believes this can ultimately boost the company’s bottom line, but that’s not his only aim. For Byrne, a rather opinionated libertarian who’s unafraid to take his company places others fear to tread, embracing the cryptocurrency is as much a political statement as a business decision. Like so many others, he believes Bitcoin can free the world from the control of big banks and big government. 'It helps us fight the machine,' he says."
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Bitcoin Payments Go Live At Overstock — Two Quarters Early

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Numeric stability is probably not all that important when you're guessing.