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 — 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 bitcoinTo 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. This week it's closer to $30. As Bitcoin.com reported, a growing list of merchants is pulling back from bitcoin payments. It's not a quick and easy transaction system.
Also, bitcoin -- no matter how hard we try -- is not a transaction coin. It's more about its stored value. Instead of treating it like dollar bills in a virtual wallet, it needs to be viewed more as an asset -- something you wouldn't pull out for any old purchase.
Still, the optics aren't good on this, and show the limitations bitcoin and other cryptocurrencies face to become more mainstream. Cue the "not the Onion" jabs and bubble-bursting predictions.
Tweet may have been deleted
Tweet may have been deleted
Tweet may have been deleted
Here's the full explanation from the Bitcoin Conference ticketing page:
Due to network congestion and manual processing, we have closed ticket payments using Cryptocurrencies — Hopefully, next year there will be more unity in the community about scaling and global adoption becomes reality.
We have, and always will, accept cryptocurrencies for our conferences, up to fourteen days before the event. However, due to the manual inputting of data in our ticketing platforms when paid in cryptocurrencies, we decided to shut down bitcoin payments for last minute sales due to print deadlines.
TopicsBitcoin
(责任编辑：熱點)
Two states took big steps this week to get rid of the tampon tax
Smoke fills cabin on commercial flight, making an unscheduled landing
Elon Musk's SpaceX wants to take you to Mars starting in 2024
Beats has a new pair of stylish wired headphones for you wireless hatersAly Raisman catches Simone Biles napping on a plane like a championThis weird squid looks like it has googly eyes, guys
Internet, meet your new spirit animal. 。Scientists aboard the research vessel the E/V Nautilus, off t
...[详细]Elon Musk's SpaceX wants to take you to Mars starting in 2024
Elon Musk, the charismatic CEO of SpaceX, unveiled the private spaceflight company's ambitious plans
...[详细]Hackers leak copy of Michelle Obama's passport, but is it real?
Hacking group DC Leaks released a new bunch of files Thursday, including a mountain of emails purpor
...[详细]All the hosts are leaving 'Great British Bake Off' but Americans should still watch
While American entertainment fans remain shattered over the divorce of our collective parents Brad P
...[详细]Here's what 'Game of Thrones' actors get up to between takes
Warning: Contains some mild Season 6 spoilers right at the end (the video is spoiler-free). 。LONDON -
...[详细]'Skylanders Imaginators' lets players 3D print custom toys
In Skylanders Imaginators, players have the ability to custom create their own Skylanders for the fi
...[详细]Kesha voices her support for former Miss Universe Alicia Machado
Monday's first presidential debate thrust Alicia Machado into the spotlight when Hillary Clinton use
...[详细]Turn off all Samsung Note devices on planes, aviation authority warns
On Friday morning, another Samsung-related phone incident took place onboard an aircraft carrier, bu
...[详细]Two states took big steps this week to get rid of the tampon tax
This week was a big one for those advocating against a tampon tax. 。 First, on Thursday, California t
...[详细]How to check if you've been the victim of a breach like the Yahoo hack
In what has already been called the worst hack ever, Yahoo confirmed Thursday that at least 500 mill
...[详细]