Could an Irish man selling products globally using Bitcoin as the accepted currency be the next Amazon? Karl Edwards sells everything from e-cigaretes to barbecues and a whole lot more at his site buybybitcoin.com (as in buy by bitcoin), an easy little jingle to remember.
I wonder how this will compete with Amazon? Or will Amazon get ahead of the power curve by becoming early adapters and start accepting Bitcoins themselves?
The older (November 2013) CNN article entitled 8 things you can buy with Bitcoin right now says that, "Most of (Karl’s) business is still in government-sponsored dollars, though. He's not investing heavily in Bitcoin, as he still sees the currency as an experiment. 'At this stage, it's play money,’" Karl supposedly said.
Having just visited the website, it looks rather robust after less than a year… At least for a man who is just "dabbling in” crypto currency, there looks to be some proof of work here - he even has a verified by PayPal logo on his site. But that doesn’t mean much… does anyone have any experience with them yet? If so, leave your comments below.
On the other hand, OpenBazaar may be more decentralized and viable option, until larger organizations like Amazon, Paypal, etc., start accepting this form of payment - hopefully before they find themselves out of a rapidly growing community of people who trust cyber currency much more the current system.
Is this far fetched speculation? Perhaps, but who would have thought that Apple would have the courage to take a step back and protect their customers from “big brother”? How long will it last? Just as long as there are consumers who buy it and prove that they want their privacy.
Who knows what kind of jobs such diversity in the marketplace could open up amongst the local community? One would suppose (with just a cursory overhead pass), everything from local delivery of hemp (now legal in Tennessee) bracelets/clothing to a Wireless Gaming Chairs ($249.95), to local delivery of private underground lemonade manufacturers that cops seem to be so darned sure is best regulated… for your own good of course.
Smart money is on decentralization, always.