Amazon users voted to issue its own cryptocurrency

Popular financial portal Investing.com conducted a survey among customers of the retailer Amazon, according to the results of which revealed that customers would like to see a wider range of goods produced by Amazon, including its own crypto currency of the company.

The survey involved more than thousands of customers Amazon. Respondents answered questions about frequency of purchases and the level of confidence in the company. It turned out that consumers feel much more comfortable buying products with the brand Amazon.

On the question of what product would like to see the customers under the brand Amazon, 12.7% of respondents answered “cryptocurrency”. Also consumers are willing to buy marijuana with the tag Amazon (13.5%), drug prescription (9.3%), computers (72.9%), coupons and discount cards (10.6%) and health insurance (15.3%). Note that respondents could select more than one option.

In addition, it became known that about a third of respondents at least once a month make a purchase on Amazon.com. Depending on the age of people spend on buying goods on the average from $ 102 to $ 123. With 43% of respondents indicated that they will no longer buy things in traditional shopping centers.

Note that this week the head of one of the largest cryptocurrency exchanges Binance, Chanpen Zhao(Zhao Chanpeng) expressed confidence that sooner or later Amazon will release their own cryptocurrency, which will be used for the purchase and sale of goods.

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SVK CRYPTO PODCAST 220 – 11/09/2018 – WHY AMAZON MIGHT ADOPT LITECOIN?

https://www.podbean.com/media/share/pb-zv85c-998453

What would need to happen for Amazon to start embedding Litecoin as a payment option? Find out in todays episode…

Welcome to the SVK Crypto, 15 Minutes of Crypto Fame, brought to you by your host, Charles Storry. We provide daily cryptocurrency content and analysis on topics such as Bitcoin, Ethereum, Altcoins and ICO’s.

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Petition for the recognition of Dogecoin payment method on Amazon is gaining popularity

The Dogecoin community has placed on Change.org the petition, referring to Jeff Bezos with a request to start accepting Dogecoin as payment on Amazon. The petition has already collected over 10,000 signatures.

Mark E., author of the petition, describes Amazon as a “leader in innovation” and, therefore, he should accept Dogecoin as a form of payment, because this cryptocurrency is “fast, cheap and stable”:

“Amazon.com as a leader in innovation, needs to accept Dogecoin as a form of payment. Dogecoin is the future currency, it has many advantages: speed, low fees, a large supply of coins and stable prices.”

The petition explains what Dogecoin is already used by many small business owners, nonprofit organizations, and entrepreneurs worldwide.

Dogecoin is a cryptocurrency founded on 6 December 2013, the programming enthusiasts by Jackson Palmer and Billy Markus.

Both interested in cryptocurrency, but were not familiar. After the acquisition of Palmer domain dogecoin.com, he was contacted by Marcus, who even then was developing its own coins. The basis of the dogs was taken as Litecoin. The authors would like to make Dogecoin are available for all coin, given the considerable cost of Bitcoin.

After leaving Jackson Palmer in 2015, long been rumors about the death of the coin, however, thanks to the strong community and decentralization Dogs exist to this day.

At the time of writing this article collected 10538 signatures, significantly ahead of the previous application in Google Play, which was supported only by 1436 people.

Amazon currently does not accept any cryptocurrency as payment. However, you can use Amazon gift cards purchased for cryptocurrencies.

It is worth noting that all previous attempts to lure Amazon to the cryptocurrency space was not successful. In November last year, the retail conglomerate has purchased several domain names, including amazoncryptocurrencies.com, amazoncryptocurrency.com and amazonethereum.com. This event triggered rumors of a world scale that Amazon is entering the cryptocurrency on the way.

We have yet to hear any official statement regarding the company’s position in relation to cryptocurrencies. But already precisely it is known that Amazon is interested in the blockchain .

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Bitcoin in comparison with Amazon, Intel and Microsoft: a Story of the struggle for cryptography

Chief strategist for digital asset management CoinShares and founder of Athena Capital Meltem Demirors believes that the fall of Bitcoin — is a temporary situation and that soon the first cryptocurrency stabiliziruemost. The key problem of all cryptocurrencies is that their technology is difficult to understand.

“New technologies, changing the paradigm, require a lot of time to really understand them,” said Meltem. It refers to the shares of Amazon, Intel and Microsoft after the dotcom bubble burst. “It took Amazon nine years to recover to the maximum. Intel to fifteen years. Microsoft — seventeen years.”

“What we have seen in the cryptocurrency market, the massive rise in prices in 2017, when people are just afraid to miss the opportunity and rushed to buy Bitcoin. This created a speculative bubble. But now the bubble burst, and people interested in creating real projects with real goals.”

Meltem indicates the main problem of cryptography. Bitcoin is still very difficult to understand ordinary people. Really, the only metric for most capturesource is the price, and the price is such a flawed metric. What is the actual use? In fact, right now there is a struggle over cryptography.

According to Demirors people should refers to the cryptocurrency as a long-term investment, focusing not on the price of the asset and its potential. In fact, to do the same as investors in Amazon, Intel, or Microsoft many years ago.

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Amazon gets a patent on tracking Bitcoin transactions with the subsequent sale to the government

In 2014 Amazon has filed a patent application on the creation of a market for streaming media that will allow you to obtain online data to analyze and combine them with data from other sources, and then sell the results in the form of the finished product. This is a very generalized idea, but one of the articles in patent documents may seriously affect the cryptocurrency.

The patent issued to Amazon this week, describes a method that parses the Bitcoin blockchain to correlate transactions bitcoin addresses with people who have created them, and then sells the result, telecommunication service providers or government agencies. The clause in question described below:

“Technology, streaming Analytics can provide vast amounts of data with minimal delay. However, the raw data will have little value (or have less value than could have), until then, until they are improved by their correlation with additional data, for example, a comparison of the records with shared values.

In some cases, the need to correlate additional data may be located in different places and belong to many subjects or owners. Because the data of each of these objects are correlated and combined with raw data, the data stream may become more valuable.

For example, a group of retailers that accept bitcoins, you know the shipping address, which can be correlated with the bitcoin address. Online retailers can combine the delivery address with the data of bitcoin transactions to create related data and rewrite them into a combined stream. Group Telecom providers can also link data to be able to correlate IP addresses with countries of origin. Government organizations will have the opportunity to tie information and tax data to identify the parties of transactions.

In addition, law enforcement agencies can obtain information about bitcoin transactions and the data ISP to determine the IP addresses and shipping addresses. Law enforcement agencies will not need additional information, for example, Bank statements. The streaming media market will set the price of the necessary data in gigabytes, and the police will be able to begin processing data with the use of analytical module.”

Most of the modern technologies that we take for granted, such as the Internet, was created before there is a threat to data security. Bitcoin never set myself a main goal the provision of anonymity, and this is one of the first technology, which is based on security. His cryptography and the decentralized nature is one of the main features.

If you try, you can trace bitcoin transactions back to those who created them. However, the development of a system whose sole purpose is the exposure of users of cryptocurrencies before government agencies, it seems, goes against the very idea of Bitcoin.

Another strange detail of this patent is that, although Amazon has bought some of the domains associated with cryptographic names, they still do not accept the cryptocurrency. Given that the patent application was filed in 2014, Amazon is, of course, has long been interested in this niche.

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Amazon AWS makes it easier to use Ethereum, and Hyperledger

Amazon Web Services, cloud unit, Amazon introduced a new service to operate with the protocols of ethereum, and Hyperledger Fabric.

AWS chief Evangelist Jeff Barr said that the recently released “templates” will allow customers “to launch the network on the basis of ethereum (public and/or private) or on the basis of HyperledgerFabric (private) for a few minutes and with just a few clicks”.

Templates make setting up your AWS resources you need for fast, reliable and scalable network start.

The post contained detailed instructions on customizing the template ethereum, which supports mining, EthStats for monitoring key network metrics and tool EthExplorer that displays transactions and smart contracts in the registry.

AWS is the fastest growing business segment of Amazon, whose sales grew by 55 percent in 2016 and up to 43 percent in 2017. This unit is located in the fiercely competitive cloud services from other tech giants, including Microsoft Azure.

Google, according to Bloomberg, cacherelated on creating a blockchain solutions for your cloud business.

AWS announced in 2016 that will begin to work with the blockchain startups, offering them specialized technical support and the necessary infrastructure.

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