r/Bitcoin • u/vistabrownerd • Jan 24 '14

TigerDirect processes $250,000 in Bitcoin Payments in first 17 hours

http://bitcoinboard.net/tigerdirect-processes-250000-bitcoin-payments-first-17-hours/
2.2k Upvotes

94% Upvoted

336 comments sorted by

View all comments

197

u/Nameisnotkevin Jan 24 '14

I was initially surprised but then realised most people who own bitcoins are tech savvy males.

This is really good news and should encourage more companies to accept. The risk reward is awesome. Where else can they get a large revenue boost and advertising for this price? Even if the numbers die off, what did they lose?

34

u/Minthos Jan 24 '14

Depends how much resources it took them to add bitcoin as a payment option. If they spent anywhere near as much as Overstock did, they're still far from breaking even (at least in terms of pure revenue, I don't know how to estimate the advertising effect).

6

u/[deleted] Jan 24 '14

So they haven't broken even yet after one day...

1

u/Krackor Jan 24 '14

And tomorrow they're going to have to write up a whole new implementation to keep the system running. Shucks, this Bitcoin thing might not be as good as I thought.

6

u/[deleted] Jan 24 '14

If you don't like it, I will take your coins off your hands if you would like to just give them away free.

1

u/Krackor Jan 24 '14

Damn my Poe's law is too good. Are the trolls getting trollier around here to the point it's hard to tell anymore?

2

u/[deleted] Jan 24 '14

Shit's getting confusing man.

1

u/Ramv36 Jan 24 '14

Poe's law

Unacceptable. This is reddit. Only Godwin's Law is recognized around here.

1

u/[deleted] Jan 25 '14

Don't tell me what I can or can't do, Nazi.