03 Nov '12, 5pm

BitcoinStore Launch - NewEgg/Amazon Competitor is Cheaper In Bitcoin

It's long been touted by the Bitcoin community that the lack of chargeback risk and transaction fees would expose merchants to less cost that they would have to pass on to the consumer, thereby lowering prices. The problem, thus far, has been that most of the merchants adopting Bitcoin are small-to-medium in size, lacking the economy of scale that allows businesses like NewEgg, Amazon and WalMart to offer substantially lower prices. Attempts have been made at Amazon pass-through sellers, but that's really a clunky workaround mechanism at best and those pass-throughs still have to make their own money somehow. Ideally we'd all like to see the brands we know and love adopt Bitcoin, but that'll never happen if they don't take us seriously and the only way to make that happen is to compete directly with them. The only move we have to make is to create a large-scale Bitcoin sto...

Full article: http://codinginmysleep.com/bitcoinstore-com-launch-cheape...

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BitcoinStore Launch - NewEgg/Amazon Competitor ...

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