Breaking News
Blog

London Calling: Amazon 'Coins' its own currency

NO RATINGS
View Comments: Newest First | Oldest First | Threaded View
Page 1 / 2   >   >>
Wiilyrave
User Rank
Rookie
re: London Calling: Amazon 'Coins' its own currency
Wiilyrave   5/30/2014 10:24:39 AM
NO RATINGS
Virtual money are now becoming more and more popular. Bitcoin is also a very interesting currency. It is a form of money which may supplant other currencies in future. Crypto currency can't be controlled and influenced by any governmental staff or business entity which is a good opportunity to efficient prices settlement. Besides such system is very safe and it can never be cracked. Today you can find no credit check payday loans online being given in crypto currencies.

Duane Benson
User Rank
Blogger
re: London Calling: Amazon 'Coins' its own currency
Duane Benson   5/29/2013 5:20:59 PM
NO RATINGS
To me, this sounds more like a well promoted marketing program than anything else. As pointed out, if successful, the program will benefit Amazon. It may have some benefit to customers, or may look like it has some benefit to customers, but as in Vega, the house always wins. I do wonder if there is something of an attempt to skirt state sales taxes in this program someplace though. I don't know tax law well enough to know if such a loophole exists, but if it does, something like this might have that as an ulterior motive.

rpell2
User Rank
Rookie
re: London Calling: Amazon 'Coins' its own currency
rpell2   5/28/2013 1:29:34 PM
NO RATINGS
Yes, 2% inflation - where prices of goods and services are constantly increasing and savings and purchasing power are constantly being eroded - is "good" while any amount of deflation must be avoided at all costs. After all, imagine living in an economy where prices fall and purchasing power actually increases - what a catastrophe!

Peter Clarke
User Rank
Blogger
re: London Calling: Amazon 'Coins' its own currency
Peter Clarke   5/23/2013 10:37:28 AM
NO RATINGS
An interesting point. If Amazon did decide to pay staff in Coin could the company argue that everything an employee could need could be bought at the company shop. Probably not, so would there then HAVE to be an open market on converting Coin into dollars and vice versa?

chanj0
User Rank
CEO
re: London Calling: Amazon 'Coins' its own currency
chanj0   5/22/2013 10:32:51 PM
NO RATINGS
Will Amazon soon pay employees salary and shareholders using Amazon Coins? A currency similar to frequent flyers miles is one thing. Trying to walk away from country currency, with a side product of avoiding taxation, is much more serious. I am not sure how much federal can tolerate.

Cookie Jar
User Rank
Rookie
re: London Calling: Amazon 'Coins' its own currency
Cookie Jar   5/21/2013 7:07:19 PM
NO RATINGS
It seems the brightest and best university graduates are recruited by the financial sector where they invent financial "instruments" setting their own rules and making a killing at the expense of all other members of society. As they are allowed to set their own rules by the government, control by the government tends to be too little and too late. In my opinion money's purpose is to measure value of work and products, not as a gaming media by the financial sector.

any1
User Rank
CEO
re: London Calling: Amazon 'Coins' its own currency
any1   5/21/2013 1:30:42 PM
NO RATINGS
You make this sound like a covert conspiracy, but the FED does have transparency with regards to inflation. They are targeting 2% and are having a hard time getting there, even with quantitative easing.

mcsruff
User Rank
Rookie
re: London Calling: Amazon 'Coins' its own currency
mcsruff   5/21/2013 1:20:43 AM
NO RATINGS
'Imagine ... online world to try and take control of money from governments'. I am sorry that you don't appear to know what is really going on right now. In the USA, the control of money is not by government - it is by the Federal Reserve which is a private cartel of banks who are responsible to their shareholders (not the people). The current round of US government deficit spending is aided by the Fed by Quantitative Easing (money-printing) which, via inflation, is a form of stealth tax of which most of the public is totally oblivious. BitCoin may eventually be a way around the totally profligate behaviour of the Fed and the US government.

JimMcGregor
User Rank
Blogger
re: London Calling: Amazon 'Coins' its own currency
JimMcGregor   5/20/2013 4:16:06 PM
NO RATINGS
Not only can Amazon lock users into the Amazon maze, but the company can control the financial transactions rather than relying on third part processors. Let's face it, managing financial transactions is big money and everyone wants a cut, which is why the electronic payments solutions segment is so fragmented.

Daryl Anderson
User Rank
Rookie
re: London Calling: Amazon 'Coins' its own currency
Daryl Anderson   5/20/2013 4:05:23 PM
NO RATINGS
"mostly useless stuff"! (S&H Green stamps). Hey, that is were our family got most of our "wouldn't it be nice to have" stuff. BBQ, Croquet set, Badmitten set, etc. All the stuff you needed to be real back in the 60's!

Page 1 / 2   >   >>
More Blogs
The Arduino WiFi Shield 101 is designed to enable rapid prototyping of IoT applications on the Arduino platform.
Do you need to take your signals to the next level? What techniques do you use?
The state of the art has progressed spectacularly since early forays into FPGA-based prototyping, but there are still challenges to be overcome.
IoT companies need to provide a positive user experience that drives value, which is exactly the focus for home automation and business monitoring company GridConnect.
The ways we express units of measurement should be perfectly clear, but they aren't.
Most Recent Comments
August Cartoon Caption Winner!
August Cartoon Caption Winner!
"All the King's horses and all the KIng's men gave up on Humpty, so they handed the problem off to Engineering."
5 comments
Top Comments of the Week
Like Us on Facebook

Datasheets.com Parts Search

185 million searchable parts
(please enter a part number or hit search to begin)
EE Times on Twitter
EE Times Twitter Feed
Flash Poll
Radio
LATEST ARCHIVED BROADCAST
David Patterson, known for his pioneering research that led to RAID, clusters and more, is part of a team at UC Berkeley that recently made its RISC-V processor architecture an open source hardware offering. We talk with Patterson and one of his colleagues behind the effort about the opportunities they see, what new kinds of designs they hope to enable and what it means for today’s commercial processor giants such as Intel, ARM and Imagination Technologies.