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Author Topic: Microsoft Step Back on Bitcoin  (Read 209 times)
ajmapalo22
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January 09, 2018, 10:28:33 PM
 #21

What just happen is a sort of minor set back for bitcoin but still it's a good idea that microsoft make a step in adopting bitcoin in their system. The issue regarding high transaction fees might be settle if the developers will focus on this issue rather than promoting and introducing  new alts. I am confident microsoft will go back to bitcoin again and will continue to support digital currency economy
Thadeous
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January 09, 2018, 10:29:38 PM
Last edit: January 10, 2018, 12:43:41 AM by Thadeous
 #22

This more about the Bitcoin hype, than about certain payments via crypto.
Today there are hype-labels that can significantly increase business revenue, such as neural networks, artificial intellect (which doesn't exits, but widely advertised) and of course Crypto currencies, etc.
andohyeb
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January 09, 2018, 10:40:58 PM
 #23

It is a good move for  Microsoft to remove Bitcoins as payment , It is the rational decision any profit seeker will do. Bitcoins for smaller purchase in store will be outdated very soon. You can't purchase an item of 10 usd and pay a transaction fees of 15 USD.
kimochidesh
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January 14, 2018, 09:39:29 AM
 #24

Crazy high transaction fees and very long confirmation hours are setting BTC back day by day. People who were earlier optimist about the Bitcoin as payment mode are now setting back because of these issues. Microsoft is one the finest example who stepped back coz of these issues. Lets hope Lighting 1 & 2 can solve these problem and get BITCOIN the same glory that it use to have.
James T. Burch
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January 14, 2018, 04:59:23 PM
 #25

Microsoft has accepted Bitcoin as a form of payment for a long time.

Recently the company did a step back and remove the option to pay in Bitcoin.

The reasons specified :

1. High fee on transactions
2. Long delay to get confirmation of the transactions.
3. Extreme volatility

I think that microsoft does not accept bitcoin as a form of payment is very normal when the cost of it is too large, no one to use diamond to pay a cafe and bitcoin, too, I think. The brightest candidate for this payment is the ripple when it's relatively cheap!
barneystinson
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January 23, 2018, 08:09:31 AM
 #26

Microsoft has accepted Bitcoin as a form of payment for a long time.

Recently the company did a step back and remove the option to pay in Bitcoin.

The reasons specified :

1. High fee on transactions
2. Long delay to get confirmation of the transactions.
3. Extreme volatility
Based from the information you have provided. The backing of microsoft seems to be valid on a business standpoint and not on a general market as a whole.
At the end of the day they are still a business organization that focuses on profits to keep their business going. Thus, we should be too salty about this move by microsoft.

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Aminmon
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January 23, 2018, 08:32:46 AM
 #27

Indeed, Microsoft has done nothing wrong.
The current bitcoin does exist, with high fees, slow speed and extremely volatile prices. I think if lightning network can solve this problem, then Microsoft will accept bitcoin again.

TutorShow
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January 23, 2018, 10:50:12 AM
Last edit: June 27, 2020, 03:10:27 PM by TutorShow
 #28

most of sites remove the option to pay in Bitcoin because same reasons.
High fee on transactions: it is problem for a short time and cant be effective.
fee was very high last two months and many of users stop paying with bitcoin.
now bitcoin system back normally and i think Microsoft will back payment option.
Long delay to get confirmation of the transactions is the biggest problem and maybe bitcoin will find some solve to it
Glutius
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January 23, 2018, 02:04:06 PM
 #29

It is a pity that such a large company took the opposite step, but bitcoin is really not yet very convenient to use at the expense of the commission. But I hope, soon the developers will adjust this point.

okchain
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January 26, 2018, 04:05:23 AM
 #30

The digital economy is based on the Internet and believes that Microsoft will accept Bitcoin in the light of the future of Bitcoin, so the message now should be temporary and change quickly.
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