“There are business and philosophical reasons. First, the business reason: I think there are a legitimate number of consumers who want to be able to shop with bitcoin. They like the anonymity of the currency. So far, the market has only served them with shady websites, like Silk Road. Also, it saves us about 2% from interchange fees. It’s no secret that our net margin is about 2% now. And so the savings would be a very substantial improvement to our bottom line. As far as the philosophical reason: I am from the Austrian School of Economics. We’re not going to get rid of the Federal Reserve any time soon, so bitcoin is a step in the right direction.”
http://finance.fortune.cnn.com/2013/12/24/overstock-ceo-bitcoin/
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
(Visited 28 times, 1 visits today)
Related posts:
France drops law that makes insulting the president a criminal offense
In Argentina, More Official Lying About Basic Economic Facts
Douglas Engelbart, inventor of computer mouse, dies at 88
Inflation Fuels Crises in Two Latin Nations
Last flight for US-funded air war on drugs as Colombia counts health cost
Worth $355 million, Rep. Darrell Issa is the richest member of Congress
Monsanto Dramatically Increasing Pressure on Mexico – Wins Permits to Plant GMO Corn
Oklahoma native revolutionizing medical marijuana
So far, D.C. feeling little pain from sequester's bite
Central banks sell record sums of US debt
Banks Won't Take Your Money If It Smells Like Marijuana
Cleveland police chase ends with 13 officers firing 137 shots, 2 people dead
Bank of America blocks $25,000 transfer to Julian Assange's political party
Argentina Is First Nation Censured by IMF for Economic Data
China signals will cut off credit to rebalance economy