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Old 01-11-2018, 10:46 AM   #1
Bladewire
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Bitcoin conference bans Bitcoin as a payment option!

Wow it looks like confidence in Bitcoin is tanking like crazy even in the Bitcoin Community itself!






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Old 01-11-2018, 10:55 AM   #2
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You know it's bad when the Bitcoin industry will not even accept Bitcoin for a Bitcoin conference.

Not good
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Old 01-11-2018, 11:01 AM   #3
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This Event Is a Bitcoin Conference But You Can't Buy Tickets to It With Bitcoin |
Fortune


A bitcoin conference has stopped accepting the cryptocurrency because of “network congestion and manual processing”—that is, because taking bitcoin payments was too slow and labor-intensive.

“We have, and always will, accept cryptocurrencies for our conferences, up to fourteen days before the event. However, due to the manual inputting of data in our ticketing platforms when paid in cryptocurrencies, we decided to shut down bitcoin payments for last minute sales due to print deadlines,” the North American Bitcoin Conference said in a statement on its website. “Hopefully, next year there will be more unity in the community about scaling and global adoption becomes reality.”

The conference will be held in Miami from January 18 to 19, and is slated to draw over 3000 attendees, according to its website. Last minute tickets are selling for $1,000.

The announcement comes shortly after Microsoft prohibited customers from using Bitcoin to pay for online games and apps, although the company has now allowed it to be used in Windows and Xbox stores. South Korea has also announced a proposal to ban cryptocurrency trading.
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Old 01-11-2018, 11:10 AM   #4
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I just got off the phone with satoshi, he is dumping all his bitcoins as we speak...coinmarketcap is in on the whole deal and the figures we are seeing are fake!
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Old 01-11-2018, 11:18 AM   #5
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I just got off the phone with satoshi, he is dumping all his bitcoins as we speak...coinmarketcap is in on the whole deal and the figures we are seeing are fake!
Thanks for some Real insight !
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Old 01-11-2018, 11:21 AM   #6
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Thanks for some Real insight !
Where will Bitcoin be in a week?
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Old 01-11-2018, 11:32 AM   #7
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I just got off the phone with satoshi, he is dumping all his bitcoins as we speak...coinmarketcap is in on the whole deal and the figures we are seeing are fake!
Really??
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Old 01-11-2018, 11:50 AM   #8
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Not sure why anyone would accept bitcoin for anything. These days it adds $15+ to the price in network transfer fees.
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Old 01-11-2018, 12:08 PM   #9
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Not sure why anyone would accept bitcoin for anything. These days it adds $15+ to the price in network transfer fees.
So Bitcoin is no longer a cryptocurrency in your eyes?
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Old 01-11-2018, 02:30 PM   #10
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So Bitcoin is no longer a cryptocurrency in your eyes?
It's for speculators and investors. All the talks of it being a new standard form of payment are currently out the window. People were talking like one day soon you'd be paying for your burger and fries with bitcoin. Not until they get rid of network transfer fees.
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Old 01-11-2018, 03:05 PM   #11
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It's for speculators and investors. All the talks of it being a new standard form of payment are currently out the window. People were talking like one day soon you'd be paying for your burger and fries with bitcoin. Not until they get rid of network transfer fees.
Hate to say it, but I agree. Investing in bitcoin right now is pure speculation that lightning network works out. If it doesn't, bitcoin has no long-term growth potential and no use as a currency.
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Old 01-11-2018, 03:06 PM   #12
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Litecoin is where it's at.
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Old 01-11-2018, 03:09 PM   #13
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Ethereum , Litecoin , Ripple !! Dumped bitcoin long ago
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Old 01-11-2018, 03:54 PM   #14
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Hate to say it, but I agree. Investing in bitcoin right now is pure speculation that lightning network works out. If it doesn't, bitcoin has no long-term growth potential and no use as a currency.
3 years ago I sold out... oops. But I thought this then as who would wait 20 minutes to settle a purchase if it was food or a cup of coffee?
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Old 01-11-2018, 03:55 PM   #15
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Market is trending to a bitcoin fall. That is not speculation if you watch it the past 10 days, you will see that Bitcoin has been struggling to keep its head above water. All these so called "bitcoin experts" was predicting that bitcoin was going to rebound from its dip during Dec 24-31 by Jan 2. But their analysis has been dead wrong. Bitcoin has not rebounded and struggling to reach its pre Dec 24 highs, all of this despite more people pumping money into bitcoin under the notion of "buy low now". So if anything, Bitcoin's drop is much more severe than most people think because of the higher influx of cash people are pouring into Bitcoin now thinking it will jump back up. The speculators who are foolishly pumping money into bitcoin right now is the only thing slowing down the drop.
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Old 01-11-2018, 04:02 PM   #16
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Not sure why anyone would accept bitcoin for anything. These days it adds $15+ to the price in network transfer fees.
Plus the market value of the funds could vary +/- 15% between the time the initial transaction hits the network, and the transaction is incorporated and fully confirmed. Transaction times are no longer consistent. If I set the fee range to "normal" my client estimates it will take over 4 hours just to make it into a block (the first confirmation).
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Old 01-11-2018, 04:38 PM   #17
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"ripple is gonna triple" - Albert Einstein
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Old 01-11-2018, 04:59 PM   #18
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"ripple is gonna triple" - Albert Einstein
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Old 01-12-2018, 01:55 AM   #19
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"ripple is gonna triple" - Albert Einstein
that's a funny one!
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Old 01-12-2018, 02:03 AM   #20
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It's for speculators and investors. All the talks of it being a new standard form of payment are currently out the window. People were talking like one day soon you'd be paying for your burger and fries with bitcoin. Not until they get rid of network transfer fees.

Meanwhile, data from Blockchain showed that it takes an average of 51 minutes to confirm a bitcoin transaction.
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Old 01-12-2018, 02:18 AM   #21
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Old 01-12-2018, 02:41 AM   #22
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Old 01-12-2018, 02:52 AM   #23
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Wechat Pay, Alipay, already there.

Apple Pay could have gotten some traction for instant in-person phone payments in the Western World at least, but there's a non-charismatic ass kisser* in charge of Apple now.

*literally
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Old 01-12-2018, 10:07 AM   #24
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i'm not surprised they are hold accepting btc.
at monday i've send btc from one exchage to another, it's fucking friday now, btc is still on the move, not to mention fucking fee...
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Old 01-12-2018, 10:11 AM   #25
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Wow it looks like confidence in Bitcoin is tanking like crazy even in the Bitcoin Community itself!






These are the Bitcoin Cash bozos. They got their panties in a bunch because no is taking them as serious as they would like. They constantly manipulate their own coin price since they own most of it. They also own the Bitcoin domain so they thrive on confusion and deception. You're welcome.
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Old 01-12-2018, 10:40 AM   #26
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Old 01-12-2018, 10:44 AM   #27
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Litecoin is where it's at.
LTC at $233 is down 26% one month. ETH at $1245 is up 76%.
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Old 01-12-2018, 10:53 AM   #28
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LTC at $233 is down 26% one month. ETH at $1245 is up 76%.
Still litecoin was $90 not long ago. I don't own any litecoin, but I've bought it and sold it several times, the fast speed and low transaction fees are great.
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Old 01-12-2018, 10:58 AM   #29
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You know it's bad when the Bitcoin industry will not even accept Bitcoin for a Bitcoin conference.

Not good
Using bitcoin to pay for small things these days is sort of like driving a semi-tractor-trailer across the street to buy a coffee... You don't need 20 thousand other people/computers to confirm that yes, you bought your coffee - the cost is too high and it's pointless and wasteful. There is a point to a strong ledger for large transactions.

Bitcoin still has it's use, but so do litecoin and the other alts.
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Old 01-12-2018, 11:38 PM   #30
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Old 01-16-2018, 09:29 AM   #31
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When the Bitcoin conference won't accept Bitcoin as a payment option you know there's a problem
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Old 01-16-2018, 09:43 AM   #32
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"ripple is gonna triple" - Fred Sanford
Fixed it for you.

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