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Another week, another billion dollar company accepting bitcoin

Posted on 6/11/14 at 12:12 pm
Posted by joshnorris14
Florida
Member since Jan 2009
45657 posts
Posted on 6/11/14 at 12:12 pm
LINK /

Expedia.com hops on to the cryptocurrency bandwagon
Posted by I Love Bama
Alabama
Member since Nov 2007
37877 posts
Posted on 6/11/14 at 12:14 pm to
Posted by Cold Cous Cous
Bucktown, La.
Member since Oct 2003
15077 posts
Posted on 6/11/14 at 12:18 pm to
Thanks, we look forward to your comprehensive list of all companies that accept the US dollar. I'm sure it pales in comparison to the bitcoin list.
Posted by LNCHBOX
70448
Member since Jun 2009
85126 posts
Posted on 6/11/14 at 12:25 pm to
And just like I asked last time, how much bitcoin will they be holding?

ETA: Better yet, just how long do you think they will wait before converting bitcoin payments to USD? I'll set the over under at 0.5 seconds.
This post was edited on 6/11/14 at 12:25 pm
Posted by C
Houston
Member since Dec 2007
27888 posts
Posted on 6/11/14 at 12:30 pm to
Dishonest article comparing credit card fees to bitcoin transactions. If you compare debit card fees the difference is nonexistence which is basically what coinbase acts as.
Posted by LSURussian
Member since Feb 2005
128376 posts
Posted on 6/11/14 at 1:03 pm to
From your link:
quote:

That's great for Expedia, but if it cost practically nothing and they're not sure how popular the option will be, how is it any different from a simple gimmick? Here's a selling point for our service that you may never use, but ignore that because we're cool — really!
Posted by Eric Nies Grind Time
Atlanta GA - ITP
Member since Sep 2012
25112 posts
Posted on 6/11/14 at 1:21 pm to
Wasn't bitcoin supposed to be worth 10,000 dollars a piece by now?
Posted by LSURussian
Member since Feb 2005
128376 posts
Posted on 6/11/14 at 2:21 pm to
Technically, Expedia is NOT accepting bitcoin.

If someone wants to pay in bitcoin, Expedia directs them to a third party who takes the bitcoin, converts it to dollars and then pays Expedia in dollars.

You're wrong again.

Shocking!
Posted by Lsut81
Member since Jun 2005
81457 posts
Posted on 6/11/14 at 2:31 pm to
Bitcoin is back bitches

Posted by JayDeerTay84
Texas
Member since May 2013
9847 posts
Posted on 6/11/14 at 2:35 pm to
Let me know when they keep their assets in the form of bitcoins.
Posted by Walking the Earth
Member since Feb 2013
17264 posts
Posted on 6/11/14 at 4:52 pm to
I'm thrilled with this news.

Now wiki can book a flight to get back home from Japan. Josh, bless his heart, is trying his very bestest but he just doesn't have the Maestro's knack for making compelling bitcoin threads.

On a side note, the word "bitcoin" is being flagged by my spell check. No respect!
Posted by NC_Tigah
Member since Sep 2003
125482 posts
Posted on 6/11/14 at 5:24 pm to
quote:

Another week, another billion dollar company accepting bitcoin
I share your excitement for the concept, just not this iteration of it.
Posted by League Champs
Bayou Self
Member since Oct 2012
10340 posts
Posted on 6/11/14 at 6:08 pm to
I read that expedia also accepts VISA. I have 3 of those.

How much are they worth?
Posted by Poodlebrain
Way Right of Rex
Member since Jan 2004
19860 posts
Posted on 6/12/14 at 7:35 am to
Oh my God. Now I can't wait to go out and convert my U.S. dollars to Bitcoins so that I can use Coinbase to convert my Bitcoins to U.S. dollars when I want to use Expedia's services. It's a good thing that Coinbase doesn't charge anything for its services, and there are no transaction costs to converting my dollars to Bitcoins. Otherwise it might cost me more to use Bitcoins than dollars to use Expedia's services.

How many unique Bitcoin addresses exist? According to this website, there has never been a day in which as many as 225,000 unique Bitcoin addresses engaged in transactions. Somehow I am skeptical that the number of addresses engaging in transactions is going to increase significantly due to people using Expedia's services.
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