Posted by & filed under Company Analysis, Financial analysis, Governments & Regulators, Management Issues.

Description: Right now, merchants seem to accept Bitcoin for three main reasons: They want press coverage, they’re libertarian fellow travelers, or they’re selling drugs. Assuming that last one doesn’t apply to (OSTK), its announcement that it will begin accepting Bitcoin by mid-2014 seems to be some mix of the first two reasons. The online retailer, whose 2012 revenue totaled $1.1 billion, is the largest yet to jump on the Bitcoin bandwagon.


Date: Dec 27, 2013


Questions for Discussions:

  • How would acceptance of alternative currencies change record keeping and reporting of financial information?
  • Is this a real risk for companies or an opportunity for growth?

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