Dell Now Accepting BitCoin as Payment

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ApathyCurve

Usually when a company goes private, the move results in better financial decisions. Dell is obviously the exception to that rule.

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Bullwinkle J Moose

Maximum PC Now Accepting SPAM As Comment

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neo912

...Where's all the bitcoin haters?

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kiaghi7

Right where they were before... I will preface this with stating that I have mined and traded bitcoin (fractions thereof anyway) for items, and I am happy as I can be with what I've gotten...

However while I'm not opposed to bitcoin, I am not particularly supportive of it either... Just like every single website on the internet that supposedly "accepts" bitcoin...

No, they don't actually, none of these businesses actually accepts bitcoin as payment THEMSELVES for their products and/or services, they will allow you to link to a third-party bitcoin buyer who in turn pays them in the real money they want.

These businesses want money, not tokens, and don't even have a bitcoin wallet to receive payment with... But they most certainly have bank accounts to receive real money with.

That's the nub of it really, for the claims of its widening acceptance, it's as unaccepted as ever, the retailer(s) in question still only accept dollars (or other national currencies) for their wares, and the bitcoin alternative ends up as little more than an intermediary token of exchange akin to a gift card that is only redeemable for cash value in items with their store...

That's not an alternative to money, that's merely reorienting who is paying for the service by giving the third party a token of exchange. It ends up being like Greenbax stamps and frequent flier miles, or merely asking a friend to buy it for you.

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compro01

"No, they don't actually, none of these businesses actually accepts bitcoin as payment THEMSELVES for their products and/or services, they will allow you to link to a third-party bitcoin buyer who in turn pays them in the real money they want."

By that definition, they don't accept US dollars either, as you can't walk into their offices and pay with a briefcase full of cash. They only accept it through a third-party, such as Visa or a bank.

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fuzz_64

While generally you are correct, there are lots of companies that directly accept Bitcoin / Litecoin / etc and actually keep the coins.

There are 2 camps... the big guys or people selling physical items who have costs and therefore need cash flow.. yes, these guys do an instant conversion.

There are also small companies (I'm actually doing 3 web dev contracts for.. I won't mention the name so that I'm not advertising our services) who are willing to take the risk on the long term value in hopes of more profit or who wish to also use it to buy goods services, not just sell.

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kiaghi7

At the end of the day, the speculative companies are in the stark minority, and their goods/services are still paid for to their own vendors with something other than a commodity of exchange, i.e. bitcoin/litecoin/dogecoin/etc.

Even the companies that will sell you a "widget" for X-bitcoins, are still going to pay their own bills somehow.

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Renegade Knight

Like the guy said. Some wish to pay with bitcoins.

I'm neither for nor against bitcoins. It doesn't change the reality of major companies starting to accept them the way they accept credit cards (which get converted to money for a fee). They still want money but will allow folks various conveniences in how they provide it. Bitcoins are one more method being accepted.

Speculators will either make money, or lose it. Same as always.

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AFDozerman

So it isn't dead...

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AFDozerman

So it isn't dead...