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Author Topic: Did Twitch secretly end payments with Bitcoin?  (Read 293 times)
Altcoinsintel
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July 20, 2021, 02:00:56 PM
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Since we all agree that Bitcoin will not be used for payments of everyday transactions what is the reason to discuss about it?
Maybe some of you haven't realized it yet that Bitcoin shoots for digital gold, not for digital payments. Some of you are in this for 5-6 years, haven't you figured this out already?
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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tyz (OP)
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July 21, 2021, 10:33:44 AM
 #22

Since we all agree that Bitcoin will not be used for payments of everyday transactions what is the reason to discuss about it?
Maybe some of you haven't realized it yet that Bitcoin shoots for digital gold, not for digital payments. Some of you are in this for 5-6 years, haven't you figured this out already?

It is more about the reason why they secretly ended the payment with Bitcoin and other crypto currencies. I agree with you that Bitcoin is not suitable to pay an amout of $5, as currently you have to pay 20-30% of it in fees if you want the transaction to arrive on time. Whereas the fees for an annual subscription of $60 would then be acceptable again for some.
But we are also talking about other cryptocurrencies that have been accepted, and where you have only paid a few cents in fees.
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