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Bitcoin Conference Stops Accepting BTC Due To High Fees (bitcoin.com)

Posted by msmash on from the not-the-onion dept.

An anonymous reader shares a report: Next week the popular cryptocurrency event, The North American Bitcoin Conference (TNABC) will be hosted in downtown Miami at the James L Knight Center, January 18-19. However, bitcoin proponents got some unfortunate news this week as the event organizers have announced they have stopped accepting bitcoin payments for conference tickets due to network fees and congestion. Bitcoin settlement times, and the fee market associated with transactions, have become a hot topic these days as on-chain fees have risen to $30-60 per transaction. These issues have made it extremely difficult for businesses to operate, and many merchants have stopped accepting bitcoin for services and goods altogether.

5 of 135 comments (clear)

  1. Ironic by rwise2112 · · Score: 5, Funny

    Bitcoin Conference Stops Accepting BTC Due To High Fees

    Wait! Is this actually ironic?

    --

    "For every expert, there is an equal and opposite expert"
  2. Topics? by lillgud · · Score: 5, Funny

    At least they have something to discuss at the conference...

  3. Monopoly Money by Anonymous Coward · · Score: 3, Funny

    Yes,
    And they also do not accept Monopoly money at Monopoly conferences...

    1. Re:Monopoly Money by Rei · · Score: 3, Funny

      It's about time Parker Brothers made a Monopoly Money coin ;) Then it would get real value!

      --
      The chloride owes the sodium money.
  4. Re:$30+ fees? by Anonymous Coward · · Score: 4, Funny

    Speculative execution. Same thing that ruined Intel.