Overstock.com: Prolly not a scam

IMG_0608Most times I mention services on this blog is is because of their high likelihood of being scams. I do this to help illustrate some of the warning signs to look out for in other ventures as much as to specifically point out scams. There is a service I've used recently which is new to Bitcoin and doesn't seem to be a scam.1 It is a shame that this point actually kind of seems almost newsworthy.

Recently Overstock.com announced they were accepting Bitcoin. Bravely I decided to test this new Bitcoin service out on Thursday setting up an small order and seeing if they would deliver it. They indeed delivered. As may be seen below.

A Watch on a painting

Sorry, the painting of Kim Jung Il's heart attack on a train isn't available on Overstock.com

The watch arrived this morning.

Now I have my doubts about consumer uses like this being more than a small part of the Bitcoin ecosystem as it continues to develop. The function as a store of value seems like it is going to continue to dominate Bitcoin. It is nice see a new Bitcoin venture though that can deliver a product on time and in a span of day, especially considering how many mining hardware companies are delivering late on orders scheduled months in advance.

  1. Note that though is doesn't seem to be a scam now doesn't mean it cannot or will not become a scam in the future.  

2 thoughts on “Overstock.com: Prolly not a scam

  1. Hi there, I think your blog could be having browser compatibility issues.

    When I look at your website in Safari, it looks fine
    however, if opening in Internet Explorer, it has some overlapping issues.
    I merely wanted to give you a quick heads up! Besides that, great website!

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