<p>The price wont rise, they are issued and redeemable by Amazon. Think of it as loyalty points you would receive from your local supermarket to use later rather than a cryptocurrency.</p>

CC BY-SA 3.0
2013-11-22T12:50:02.193Z
Yea so they used the technique behind Bitcoin engine, and twisted into their own little tracking system for money. ITs good for them but evil for the freedom of Crypto. I bet they track everysingle thing that happens with those coins.
Piotr Kula
CC BY-SA 3.0
2013-11-22T14:20:33.743Z
Not sure they are using the same bitcoin engine, do you have a reference for this? I think they are only using it within marketing terminology, not architecturally the way it works.
MaxSan
CC BY-SA 3.0
2013-11-22T14:37:33.810Z
Well they claim its a crytpocurrency. So it must be based on something that originated from bitcoin, since Bitcoin is the origin of CryptoCurrency. Its propriertory and closed and hacked to hell most probably... But with that comes vulnerrbility. I just cant wait for the first hack stealing Amazon coins, then amazon taking stolen coins away from people who thought they were buying legitimate coins. I can almost foresee this happening. They shoudl just have used BitCoin! :)
Piotr Kula
CC BY-SA 3.0
2013-11-22T16:51:28.463Z
@pyramids: Right, Amazon seems to call them a "virtual currency" but not a cryptocurrency, as far as I can find.  Even this seems inaccurate, because I don't see any mention of it being possible to transfer Amazon Coins between users.  So I think you're right, they are just credits that you can use to buy stuff from Amazon only.
Nate Eldredge
CC BY-SA 3.0
2013-11-22T12:45:02.250Z
2013-11-22T12:45:02.250Z
MaxSan
<p><a href="http://www.huffingtonpost.co.uk/2013/11/22/amazon-coins-uk_n_4322402.html?icid=maing-grid7%7Cuk%7Cdl7%7Csec3_lnk3&amp;pLid=224883" rel="nofollow">This article talks</a> about amazon creating its own crypto currency, the Amazon coin.</p>

<p><a href="http://rads.stackoverflow.com/amzn/click/B0096E8CQA" rel="nofollow">You can buy the coins at a set price in Amazon</a></p>

<p>Is this worth any bother? It seems like you cant trade amazon coins for Bitcoins. Did Amazon jsut create a self regulated Crypto currency that is a massive smoke cloud to use the word Crypto in Amazon and generate some interest?</p>

<p>Or Should i buy 10000? and wait for the price to go up?</p>

CC BY-SA 3.0
2013-11-22T16:52:10.357Z
The word "crypto" doesn't appear in that article at all.
Nate Eldredge
CC BY-SA 3.0
2013-11-22T16:52:51.813Z
This question appears to be off-topic because it is not about a cryptocurrency.
Nate Eldredge
<currencies>
To buy or not to buy Amazon Coin?
Piotr Kula
# To buy or not to buy Amazon Coin?

(Asked by: username_0 on 2013-11-22)

[This article talks](http://www.huffingtonpost.co.uk/2013/11/22/amazon-coins-uk_n_4322402.html?icid=maing-grid7%7Cuk%7Cdl7%7Csec3_lnk3&pLid=224883) about amazon creating its own crypto currency, the Amazon coin.

[You can buy the coins at a set price in Amazon](http://rads.stackoverflow.com/amzn/click/B0096E8CQA)

Is this worth any bother? It seems like you cant trade amazon coins for Bitcoins. Did Amazon jsut create a self regulated Crypto currency that is a massive smoke cloud to use the word Crypto in Amazon and generate some interest?

Or Should i buy 10000? and wait for the price to go up?

**Tags:** currencies

> **Comments:**
> **username_1**: The word "crypto" doesn't appear in that article at all.  
> **username_1**: This question appears to be off-topic because it is not about a cryptocurrency.  

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## 1 answers

### Answer by username_2 on 2013-11-22. Score: 4

The price wont rise, they are issued and redeemable by Amazon. Think of it as loyalty points you would receive from your local supermarket to use later rather than a cryptocurrency.

> **Comments:**
> **username_0**: Yea so they used the technique behind Bitcoin engine, and twisted into their own little tracking system for money. ITs good for them but evil for the freedom of Crypto. I bet they track everysingle thing that happens with those coins.  
> **username_2**: Not sure they are using the same bitcoin engine, do you have a reference for this? I think they are only using it within marketing terminology, not architecturally the way it works.  
> **username_0**: Well they claim its a crytpocurrency. So it must be based on something that originated from bitcoin, since Bitcoin is the origin of CryptoCurrency. Its propriertory and closed and hacked to hell most probably... But with that comes vulnerrbility. I just cant wait for the first hack stealing Amazon coins, then amazon taking stolen coins away from people who thought they were buying legitimate coins. I can almost foresee this happening. They shoudl just have used BitCoin! :)  
> **username_1**: @pyramids: Right, Amazon seems to call them a "virtual currency" but not a cryptocurrency, as far as I can find.  Even this seems inaccurate, because I don't see any mention of it being possible to transfer Amazon Coins between users.  So I think you're right, they are just credits that you can use to buy stuff from Amazon only.  

---

