Overstock Chairman Jonathan Johnson at Utah Bitcoin Meetup: Lifeonbitcoin

Some takeaways: -2/3rds of Overstock's bitcoin customers are new. -Over half a percent of their billion dollars in annual sales now comes from btc. It has blown away their initial expectations. -Currently they lose .2% of their revenue to fraud. With bitcoin, that is gone. -The largers savings is on credit card fees with bitcoin purchases. -Some employees are asking to be paid partially in bitcoin. also buys some bitcoin each week. -They will pay vendors more quickly if they take btc because of reduced transaction fees and…
Continue Reading »

Yahoo Finance Business Insider has Overstock Bitcoin Sales breakdown

Quite the data there! Overstock is off to quite the start. The top 3 by $$$ is New Hampshire, Utah and Oregon. Utah is the life on bitcoin couple's place. New Hampshire 19 Utah 29 Oregon 39 California 228 (well Silicon Valley) has the most transactions followed by Texas 105 (Ron Paul?) and Florida 87 Quite the divergence between volume and value there!   This Map Shows The States Where Buying Stuff With Bitcoin Is The Most Popular By Rob Wile January 13, 2014 5:02 PM began accepting…
Continue Reading »
[sc:cm]

Have Bitcoin, will Travel, local english and chinese coverage on Life on Bitcoin’s Bitcoin World Tour and final pitstop in Singapore and roundup

(want to read about the bitcoin conference in Singapore?) Just a few days ago on the friday that has passed (1st of November), the Craig couple (or bitcoin couple) have spent the past 100 days, crossing continents, countries, sovereigns, jurisdictions without spending dollars or fiat. They've made their way from Utah, America to Stockholm, Sweden to Berlin, Germany to Singapore, Singapore. The bitcoin couple's blog: The kickstarter was to pay for the film crew, where they will be handling the documentary of their pretty incredible journey. Proof of…
Continue Reading »
Litecoin: LLnSyo8rqbJng11b3whVUXSr6nWMtmT1zU
Bitcoin: 158MikZVM8yQviLcvxu1aahTysSxDUaePr
Dogecoin: DRCm4QFStzSKRsPMk6EE1VCJGE78BGZWnn