Post
Topic
Board Bitcoin Discussion
Re: Microsoft Step Back on Bitcoin
by
Reatim
on 09/01/2018, 21:53:01 UTC
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 would have to agree with Microsoft stepping back and not offering that options anymore. Actually Steam also stop supporting bitcoin for the same reason. And they are not the one complaining about the issues that bitcoin is currently facing, I'm sure all of us have been disgruntled and disappointed as well. I myself has a stuck transactions right now for almost 3 days now.

That's why I think that if Lightning Network, which is the most awaited solution to this issues could be rolled out this early, we can still salvage what we have face value bitcoin has left. A lot of altcoins have been rising up and challenging its supremacy because people are now moving away from bitcoin. And the P2P nature of it no longer exist. Not really suitable for micro-payments, which is one of Satoshi vision that's why he invented it in the first place.