[hairama]

Seems like these companies are rushing into this without fully understanding how the technology works or where it's going.

[orthecreedence]

If someone like Coinbase takes away 95% of the risk, then who cares? They just branded themselves as "forward thinking" and now have a potentially larger customer base (although they don't accept bitcoins if you're shipping internationally).

Also, where is the technology going? Seems to me it's already there. If there are any fatal flaws that pop up, it's a matter of flipping the "accept bitcoin" switch to "off" and calling it a day. I don't see the issue here.

[d0ugie]

And taking such risks impulsively yields big rewards, from time to time.

[wdewind]

Overstock isn't taking a risk here: they are getting the same exact USD they got before.

[toast0]

They're probably getting more USD than they got before, because the merchant fees are lower.

[wdewind]

Coinbase charges 1%. At overstock's volume they are probably getting a similar deal on CCs, although definitely not quite 1%.