Amazon Coins are here

lukep

lukep

He Hath Arisen
Sep 18, 2010
7,687
207
0
On the blockchain
....And I am disappoint.

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[ame=http://www.amazon.com/gp/feature.html/ref=zeroes_surl_c_landing?docId=1001166401]Amazon Coins[/ame]

It's basically the defacto gift card for use with the Kindle Fire appstore.

1 Amazon coin = 1 US Penny (But can be bought at bulk rates)

This is Pathetic... Just a pre-mined altcoin for use in one appstore that no one uses but kindle fire owners... Tied in price to the worst possible currency for maintaining value.

Apple and Android store owners must be high-fiving each other right now...
 


I'm not sure why everyone was under the impression that Amazon coins were going to be akin to BTC in the first place... they're just like the points you buy on Facebook to get stuff in Farmville. Or you know, Candy Crush or whatever's hip with the youngins nowadays.
 
mikeshinobi said:
I'm not sure why everyone was under the impression that Amazon coins were going to be akin to BTC in the first place... they're just like the points you buy on Facebook to get stuff in Farmville. Or you know, Candy Crush or whatever's hip with the youngins nowadays.
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The problem is that lukep is very passionate about bitcoins and doesn't like a company like amazon creating a similar coin to ride the trend wave.
 
The most profitable aspect of Peter piper pizza, chunky cheese, and other such venues is the conversion of cash into illiquid amusement currency -- the float on these is awesome because those amusement coins get lost, abandoned, etc. I can't find the article, but I was something to the effect of 20% more profit using such artificial currencies in lieu of quarters for the games (even factoring for coinage costs). Amazon may see a similar float, not to mention when people pre buy the currency amazon gets to hold in cash reserves until the amazon coins are redeemed. I like it.
 
mikeshinobi said:
I'm not sure why everyone was under the impression that Amazon coins were going to be akin to BTC in the first place... they're just like the points you buy on Facebook to get stuff in Farmville. Or you know, Candy Crush or whatever's hip with the youngins nowadays.
Click to expand...
There is actually a long history of speculation about Amazon talking about taking bitcoin, because their CEO is an established libertarian and everyone in the bitcoin community knows and listens to him. (Or at least used to.)

And for years now, there have been new crypotcurrency "Coins" hitting the net every month or so... ChinaCoin was just launched last week, we had a feathercoin before that, and at least twenty more "coins" before that, and all based on cryptography... Any 'coins' not cryptologically secured and independant of other currencies would be laughed out of existence within hours.

"Coins" themselves are a craze of sorts... Everybody's got one... There's a freaking BBQ coin for chrissakes...

Anyway, for weeks we've been hearing that Amazon was going to launch their own "coin," so putting two and two together was a mistake made my tens of thousands of people... Let's just say our hopes were a tad bit... Higher.
 
Cygnus said:
The most profitable aspect of Peter piper pizza, chunky cheese, and other such venues is the conversion of cash into illiquid amusement currency -- the float on these is awesome because those amusement coins get lost, abandoned, etc. I can't find the article, but I was something to the effect of 20% more profit using such artificial currencies in lieu of quarters for the games (even factoring for coinage costs). Amazon may see a similar float, not to mention when people pre buy the currency amazon gets to hold in cash reserves until the amazon coins are redeemed. I like it.
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FBI Raids Chuck E. Cheese For
 
pre-mined rofl
even going food shopping must be hard for luke because he has to mine his money first
 
I dont care what this is all about . But i have been credited 500 coins on my kindle hd .
Free. money .Is.good.
 
thehobbster said:
By "pre-mined," do you mean "total bullshit made up on the spot?"

If you do, I think we are on the same page.
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Yup.

It's a term coiners use to insult any attempt at creating a coin that isn't properly secure through shitloads of hashing.


cpauser said:
pre-mined rofl
even going food shopping must be hard for luke because he has to mine his money first
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No, it's cool... I bought enough mined money back when they were $3 to last me for the rest of my life.

Thanks for your concern though. You might want to keep it for yourself however, since your worthless paper money is due for a correction in the next few years. :action-smiley-027:
 
luke (or anyone else), please send me your worthless dollars. i accept cash or money order
 
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