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Comment by modeless | Hacker News Reader

Of course this would be the headline HN would pick. But read what else the spokesperson had to say: “We’re inspired by the innovation happening in the cryptocurrency space and are exploring what this could look like on Amazon,” a spokesperson for the company told CNN Business. “We believe the future will be built on new technologies that enable modern, fast and inexpensive payments, and hope to bring that future to Amazon customers as soon as possible.”

Will Amazon accept Bitcoin for payment before the end of the year, as rumored? No. Does Amazon hate cryptocurrency and think it's a scam? Also no. Will Amazon accept some form of cryptocurrency as payment at some point in the future? Given this statement, possibly yes.

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A cloud provider's business model is more-or-less selling CPU cycles to customers, in a variety of flavours.

Regardless of their opinion as to "think cryptocurrency is a scam" they can make money selling CPU cycles to people who have bought into the cryptocurrency thing. Bonus if the cloud provider can offer "managed blockchain" flavour rather than "here's some vanilla infrastructure, you can run your blockchain stuff on that, just as well as you can on your laptop."

It's the old "Selling pickaxes during a gold rush" plan. You don't actually have to worry so much as to if there's really gold to be found. Just if the miners buying pickaxes think that there is.

It baffles me the amount of blind fanatical hate Bitcoin gets in HN.

It shouldn't though, as most of them live in first world countries and have never experienced the calamities of hyper inflation and wealth seizure by the government.

> It shouldn't though, as most of them live in first world countries and have never experienced the calamities of hyper inflation

yes, they're used to monetary stability

unless they've used Bitcoin

Stability is so relative. Comparing my portfolio to 1 year ago. My dollars and euros lost value, all my crypto is worth at least twice as much. I don't care about stable if this is the long term game.

>dollars and euros lost value

>crypto is worth at least twice as much

of the currency that lost value? do you see the irony here?

Of the amount of goods and services you can buy with it.

Fiat is just a convenient unit of account, that serves the purpose of contrast.

I compare all to CHF, but it doesn't matter if you have a somewhat stable base currency you see the same I described.

> My dollars and euros lost value

How'd you fuck that up the market has been shooting up every week?

Not compared to CHF no, USD is on a stable but slow down for me.

I think they are just used to compliance.

> Does Amazon hate cryptocurrency and think it's a scam? Also no.

Isn't it possible to think BTC is a scam while believing other cryptocurrencies are not a scam?

It is possible to think anything. But that would be a very strange position to take. Bitcoin is pretty clearly the least likely cryptocurrency to be a scam.

I'm guessing if you are Amazon's size, you are thinking about doing (whatever FB's bundle of goods crypto was called) and doing it right. And skimming a percentage.

That is, a more centralized crypto that Amazon controls. Or at least one that has a known and stable conversion rate set by some entity (which could be Amazon) to other goods.

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