The irony of a conference dedicated to all things cryptocurrency that’s unable to accept bitcoin payments for conference tickets is glaring.<\/p>\n
On the\u00a0North American Bitcoin Conference ticketing page\u00a0\u2014 where last minute tickets are $1,000 USD for the Jan. 18-19 event in Miami \u2014 an explanation for the “no cryptocurrency” policy cites “network congestion and manual processing.”<\/p>\n
To be fair, processing fees are high for bitcoin. The price fluctuates, but it’s gone up in recent months, reaching an\u00a0average as high as $55. \u00a0This week it’s closer to $30. As\u00a0Bitcoin.com reported, a growing list of merchants is pulling back from bitcoin payments. It’s not a quick and easy transaction system.<\/p>\n
Also, bitcoin \u2014 no matter how hard we try \u2014 is\u00a0not a transaction coin. It’s more about its stored value. Instead of treating it like dollar bills in a virtual wallet, it needs to be viewed more as an asset \u2014 something you wouldn’t pull out for any old purchase.<\/p>\n
Still, the optics aren’t good on this, and show the limitations bitcoin and other cryptocurrencies face to become more mainstream. Cue the “not the Onion” jabs and bubble-bursting predictions.<\/p>\n
Here’s the full explanation from the\u00a0Bitcoin Conference\u00a0ticketing page:<\/p>\n
Due to network congestion and manual processing, we have closed ticket payments using Cryptocurrencies \u2014 Hopefully, next year there will be more unity in the community about scaling and global adoption becomes reality.<\/p><\/blockquote>\n
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.<\/p><\/blockquote>\n
–<\/p>\n
Source: Mashable<\/p>\n","protected":false},"excerpt":{"rendered":"
The irony of a conference dedicated to all things cryptocurrency that’s unable to accept bitcoin payments for conference tickets is glaring. On the\u00a0North American Bitcoin Conference ticketing page\u00a0\u2014 where last minute tickets are $1,000 USD for the Jan. 18-19 event in Miami \u2014 an explanation for the “no cryptocurrency” policy cites “network congestion and manual […]<\/p>\n","protected":false},"author":14,"featured_media":390850,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[106],"tags":[9776],"yoast_head":"\n
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