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01-11-2018, 07:00 AM
Bitcoin conference stops accepting bitcoin for tickets, oh the irony
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The irony of a conference dedicated to all things cryptocurrency that's unable to accept bitcoin payments for conference tickets is glaring.
On the North American Bitcoin Conference ticketing page (https://btcmiami.com/tickets/) — where last minute tickets are $1,000 USD for the Jan. 18-19 event in Miami — an explanation for the "no cryptocurrency" policy cites "network congestion and manual processing."
SEE ALSO: Here's what you need to know before you buy bitcoin (http://mashable.com/2017/12/20/things-to-know-if-you-want-to-buy-bitcoin/)
To be fair, processing fees are high for bitcoin. The price fluctuates, but it's gone up in recent months, reaching an average as high as $55 (https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#3m). *This week it's closer to $30. As Bitcoin.com reported (https://news.bitcoin.com/miami-bitcoin-conference-stops-accepting-bitcoin-due-to-fees-and-congestion/), a growing list of merchants is pulling back from bitcoin payments. It's not a quick and easy transaction system. Read more... (http://mashable.com/2018/01/10/bitcoin-conference-no-bitcoin-transaction-fees/)
More about Bitcoin (http://mashable.com/category/bitcoin/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Blockchain (http://mashable.com/category/blockchain/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Cryptocurrencies (http://mashable.com/category/cryptocurrencies/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Tech (http://mashable.com/tech/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and Consumer Tech (http://mashable.com/category/consumer-tech/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)https://pubads.g.doubleclick.net/gampad/ad?iu=/6692/mash.to/rss&pos=atf&tag=ad&mtype=standard&type=rss&sz=300x250&c=1515625584 (https://pubads.g.doubleclick.net/gampad/jump?iu=/6692/mash.to/rss&pos=atf&tag=ad&mtype=standard&type=rss&sz=300x250&c=1515625584)
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The irony of a conference dedicated to all things cryptocurrency that's unable to accept bitcoin payments for conference tickets is glaring.
On the North American Bitcoin Conference ticketing page (https://btcmiami.com/tickets/) — where last minute tickets are $1,000 USD for the Jan. 18-19 event in Miami — an explanation for the "no cryptocurrency" policy cites "network congestion and manual processing."
SEE ALSO: Here's what you need to know before you buy bitcoin (http://mashable.com/2017/12/20/things-to-know-if-you-want-to-buy-bitcoin/)
To be fair, processing fees are high for bitcoin. The price fluctuates, but it's gone up in recent months, reaching an average as high as $55 (https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#3m). *This week it's closer to $30. As Bitcoin.com reported (https://news.bitcoin.com/miami-bitcoin-conference-stops-accepting-bitcoin-due-to-fees-and-congestion/), a growing list of merchants is pulling back from bitcoin payments. It's not a quick and easy transaction system. Read more... (http://mashable.com/2018/01/10/bitcoin-conference-no-bitcoin-transaction-fees/)
More about Bitcoin (http://mashable.com/category/bitcoin/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Blockchain (http://mashable.com/category/blockchain/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Cryptocurrencies (http://mashable.com/category/cryptocurrencies/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Tech (http://mashable.com/tech/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and Consumer Tech (http://mashable.com/category/consumer-tech/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)https://pubads.g.doubleclick.net/gampad/ad?iu=/6692/mash.to/rss&pos=atf&tag=ad&mtype=standard&type=rss&sz=300x250&c=1515625584 (https://pubads.g.doubleclick.net/gampad/jump?iu=/6692/mash.to/rss&pos=atf&tag=ad&mtype=standard&type=rss&sz=300x250&c=1515625584)
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