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Buy Newegg gear using Bitcoin

bitspend.com

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Re: Buy Newegg gear using Bitcoin

#41

Post by adrianwaj »

ideas:

- make bitspend a place for users to buy bitcoins

- make bitspend a place for users to cash out bitcoins

- build a reputation and move into ebay and amazon payments (can you become some type of power buyer or affiliate)

- collect testimonials

- provide a bookmarklet or plugin so users can browse the shopping sites transparently but pay on bitspend

- a person could have an item they want to buy for say $30, instead of paying with bitcoins, they pay $100, and then get $70 change in bitcoins

Re: Buy Newegg gear using Bitcoin

#42

Post by StavrosK »

binzup wrote: post #18
bitspend wrote: post #9

Earlier quoted context omitted.

Exactly right. We may add more currencies in the future and additional stores asap. Suggestions appreciated :)

in addition of you adding more stores. why dont you create a pay pal button type thing that allows developers to accept bitcoins. click HERE to buy in dollars. and HERE to buy in bitcoins

This is unrelated, but why are some people's usernames green?

Re: Buy Newegg gear using Bitcoin

#43

Post by Egregore »

bitspend wrote: post #12
sdkmvx wrote: post #10

It's interesting to see that this guy wants to transfer BTC -> USD in the form of Newegg shipments, but I have yet to see anyone major accept Bitcoins directly. Newegg has something of useful value (like a hard drive). Both BTC and USD have no useful value in this sense. The actual item 1 USD is simply a piece of cotton-paper with ink on it. A BTC is a mathematical hash. Nobody major with useful objects accepts BTCs.…

Accepting BTC directly would really be ideal from large vendors. But one very interesting thing about our service is the worldwide shipping. Newegg makes it very difficult to buy with a non-US (or non-Canadian) credit card. They won't ship outside the US or Canada either. So it really opens up the market to other people. Things like this are exactly what we at bitspend want bitcoin to be successful in. Opening up new…

You should also make something similar for dealextreme, you even will not have to handle shipping, they ship to all countries, but they accept only paypal, and there are countries where paypal doesn't work.

Re: Buy Newegg gear using Bitcoin

#44

Post by jrockway »

trotsky wrote: post #24

Say I'm in the US, but I have an overseas website hosting a browser exploit kit that pushes a trojan to non NATO type countries that steals their bitcoin wallet and mails it to me. I then spend those bitcoins with a US service like this and get a US company to ship goods to a US address. Let's even say the US service knows I'm shady but doesn't care as long as my bitcoins show. Who of any of us are breaking laws? My…

I have trouble believing that you'd get very far calling up the FBI to report that someone hit you on the head with a hammer for the purpose of stealing the $100 cash in your wallet.

Basically, petty crimes are not important. Especially to the FBI. Whether Bitcoin or USD, they don't care.

(Relevant internet meme: honey badger.)

Re: Buy Newegg gear using Bitcoin

#45

Post by jrockway »

drhodes wrote: post #16

How are you guys mitigating the volitility. Arbitrage? Seems to me with +- 10 USD in one day, if an order comes in during a top when the quote from newegg is for $20K and suddenly the exchange tanks you'll be stuck with a heavy loss. Of course, it works the other way too...

Good point. Where can I buy Bitcoin FX options? If I am a business with Bitcoin exposure, I want to be able to hedge that. What do the markets think about this idea?

Re: Buy Newegg gear using Bitcoin

#46

Post by buster »

eekfuh wrote: post #21
bitspend wrote: post #8

Earlier quoted context omitted.

No sales tax. We're located in Utah :)

Good to know there are other Utahns using bitcoin than just me :D

Good question.. i don't know either.. But looking at the green users, it seems that green means "new user"? They were created in the last hours...

Re: Buy Newegg gear using Bitcoin

#47

Post by roel_v »

StavrosK wrote: post #42
binzup wrote: post #18

Earlier quoted context omitted.

in addition of you adding more stores. why dont you create a pay pal button type thing that allows developers to accept bitcoins. click HERE to buy in dollars. and HERE to buy in bitcoins

This is unrelated, but why are some people's usernames green?

New/low karma accounts.

Re: Buy Newegg gear using Bitcoin

#50

Post by dualogy »

binzup wrote: post #18
bitspend wrote: post #9

Earlier quoted context omitted.

Exactly right. We may add more currencies in the future and additional stores asap. Suggestions appreciated :)

in addition of you adding more stores. why dont you create a pay pal button type thing that allows developers to accept bitcoins. click HERE to buy in dollars. and HERE to buy in bitcoins

MtGox offers this but competition is always good.
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