Bitcoin Forum

Major cryptocurrency conference no longer accepting Bitcoin payments!!!

http://www.telegraph.co.uk/technology/2018/01/11/major-cryptocurrency-conference-no-longer-accepting-bitcoin/

I thought it was because the network is so backed up??

They are also traders and they don't want their buyers to experience delays and annoyance when they used bitcoin as payment. We can't deny the long processing time and the skyrocketing fees but as long as this conference is locked on that's the major concern. They only stopped accepting bitcoin payments but they will still held the conference.

Please don't rise up potential risks heart attack among investors! No need any panic topics. Never cryptocurrency will be stable and this is very predictable because price is high, transaction price is expensive and slow! Someday it will be resolved we earn a lots of money hopefully)

This is bad press, this is ironic and this should be a wake up call for all those who think high fees and confirmation times are a minor irritant. If a major cryptocurrency conference is forced not to accept bitcoin, then why will normal retailers accept it? If Bitcoin loses its currency-like features, there are thousands of alts willing to take its place.

Bitcoin has been breezing past bad press since the very beginning. I remember when Silk Road was seized and everybody assumed that was the only reason anyone was using Bitcoin, so it ought to die now that Silk Road has. I remember banks putting out press releases trying to nit-pick at the flaws of bitcoin while ignoring their own flaws. There has been so many reports and news stories trying to demonize Bitcoin and paint it as a criminally tax-free, money-laundering haven for terrorist, human traffickers and the worst of human kind.

From what I've seen Bitcoin has made fools out of any and every single person that has said these types of things; Bitcoin is like the new pretty girl in town, everyone has their eyes on her and everyone has their own "story" about her, whether they're true or not is for the real friends to know.

I don't worry about the bad press bitcoin gets, because until these "Whistle-Blowers"  ::) realize that fiat currencies come with the same, and in many cases even more problems than bitcoin, then there is no reason to pay them any credence; if you ask these people to describe Bitcoin, they will believe, smugly, that they are the prophet that can see through Bitcoin for the ponzi-scheme that it is.

i am not worry too about this bad press for btc, i find it just speculations press ,i would not be stressed for this, Btc will make new hight soon you beleave or not!

Yeah, it probably feels like the right move to stay away from the "oldtimer, sluggish grandpa Bitcoin" for some lower transactions. But I totally do not agree, taking away the most appreciated cryptocoin of them all is probably a mistake. I've never heard a conversation about a crypto without someone mentioning Bitcoin. It's like an example who serves to everything else and you can't just deny it's existence.  ???

This so called currency is worth 250 thousand million dollars.

but can't be used for its own conference.

Anyone want to argue this isn't a bubble please comment below.

This explain that Bitcoin can be stop in which very opposite of some post here that Bitcoin will replace dollar and will make the banks to disappear. If lots of establishments will do the same including the other government what will be the value of bitcoin? It will create panic selling of course to ensure that dollar will be in their pockets instead of bitcoin i guess.

Yeah because greedy people have stuffed it up by pumping and dumping and made it unusable for people trying to use it for what it was meant for.

Not only because of this, they are no longer accepting bitcoin because of the huge fees that we need to pay, well that is true, but the fees are becoming lower at the moment.

I mean, a few days ago, they were aproximately $30 worth of bitcoins, and now they are less than $12.

Yesterday, i sent a transaction with less than 120 satoshis per byte, it got confirmed in 6 hours from that.

They were less than $3 worth of fees, and it went through..

I don't think this is permanent. Things will change once Lightning Network is implemented and BTC price recovers from correction.

this is what we should do, no need to panic about bad news about bitcoin ,, because in the end bitcoin price will keep to rise .. in other words this is a price cork before bitcoin to the moon   ;D ;D,, is required to keep us holding and keep buying bitcoin

That's what people are waiting for, yes. But the only thing is that we don't know when LN becomes operational on the mainnet. I just hope it will be this year, but looking at how conservative the developers are usually, it might take longer than that. Other than that, people focus too much on merchants not accepting Bitcoin. People don't have any incentive to spend anything that will grow in value afterwards, and this basically goes up for altcoins as well. So whether the fees make people not spend their coins, or just the lacking incentive due to the constantly increasing price, the main point is that people are just looking to hoard and hold.

This is just politics, and a tiny bit of practicality.

The conference starts in a week, most tickests have been sold. Now, with BTC in a slump, and confirmation time risking (if the buyer's a tool) to take a little to long, or cos a little too much, they had the perfect convenience and excuse to make a statement "dropping BTC". Oh, and if we actually bothered to open the conference's page... who's a Platinum Sponsor? Who's a good Platinum Sponsor? Bitcoin.com is, yes he is! good Platinum Sponsor.

what would be relevant is the ammount of tickets that were sold through BTC.

Pople, please, let's all learn to _read_ the news with our brains engaged.

The bad press is a non-issue, but it is ironic that Bitcoin conferences cannot accept Bitcoin.

Bitcoin took a dip in the last few days, could it because of the Bitcoin conference didn't accept Bitcoin and the Korean cryptocurrencies trading ban?. Even all the Bitcoiners out there knows Bitcoin is unsustainable for now, the lightning network should be implemented as soon as possible.

Yes but was it not backed up then us poor miners (Backed by the development team) could not
justify selling this highly valued virtual space in a block for $25 per 250 bytes.

How do you value a glass of water in the desert if someone just smashed the drinking water barrel ?

Bob Marley said "In the land plenty, the fool is thirsty"

What I and I see (Dem deadlock talk) is any excuse being used for the fall in the price of Bitcoin apart
the the obvious one of fees.

  

bad press for bitcoin is not new we hear them from time to time but what they said is true and maybe they have another meaning to it. bitcoin for now really have huge transactions fees and delay and it can affect companies even just a small time consume. time is precious to them with this delay they loss money. i hope this can be solved when this lighting network be implemented.

Have you looked into Lightning Network by any chance ?
Please let me help you

https://www.youtube.com/watch?v=6V365_59-Lc (Fast version)
https://www.youtube.com/watch?v=MpfvhiqFw7A (Slow version, move to 6:10 for the meat)

Do you really think the development team only became aware that as implemented that Bitcoin was "unsustainable" a year ago
and that it would not scale to more than seven transactions per second ?

Problem-Reaction-Solution and my how it fills the miners pockets at $25-$50 a pop

I write code and make a good living from it so let me help them if they forgot this vital line of code
public static money MaxFee = 1.25 // Market forces will force 95% of miners out and leave the remaining with a living wage

Yeah as a developer i too would love to work without a timeline but i would never have the gift of the
gab to convince people that my next project was being sold for being "Off-Block" when my last project
was sold for everything being on the magical, come mystical block-chain and the optimum block size
was discovered nine years ago.

There is always bad press for bitcoin.  Truth is that the establishment hates it because they can't control it like fiat.  Its hilarious to me that its called a pyramid scheme, magic internet money, etc, when the vast majority of USD in existance don't actually exist as anything more than an entry on a balance sheet.  If you want to find a pyramid scheme or magic money look no further than the gool old greenback.

Until Segwit and LN will be fully implemented, things like that will keep happening. It may be possible to swallow the high fees, but the current confirmation time is just ridiculous. Hopefully in a few months things will look different.

Lots of controversy with BTC. Development is moving really slow, and this given the fact we just went through the highest jump in cryptos history is not acceptable... I'm actually not surprised press will take advantage of BTC issues at this moment

Well that is rather embarasing for a conferance on bitcoin to not accept the verry thing there conferance is about. I have also run into many sites that sell
mining equipment and mining software that do not take bitcoin, and the main reason is transaction fees.It does need to be fixed soon.