Topic: Microsoft Removes Bitcoin - page 3. (Read 705 times)
The reason is Microsoft is scared of the US govt since it doesn't accept it. I would do thesame too if I were them
And it's already back in the store. Until the price settles for good, we may see things like this, where vendors who were accepting btc previously stop doing so because the price is so volatile. But the fact that they picked bitcoin back up shows how important bitcoin is. So no need for additional FUD right now.
I would say it was not a shock but was not expected this early.Microsoft is one of the corporate giant and definitely this news again will create some problems in bitcoin.But we have to understand who will allow such transaction fees to purchase their product.The reason is justified and hope that the banned will be remove once the LN comes and again we can purchase Microsoft products from our bitcoin.
Yeah, I know this information a few day ago at http://www.altcointoday.com/microsoft-no-longer-accepts-bitcoin-payments/ maybe this is a reason bitcoin price decreased. They have some reason for not accepting payment via bitcoin anymore, that is high transaction cost and delayed confirmation for one transaction. Well, perhaps, the next few day bitcoin transaction system can be fixed so as Microsoft can be reconsidered to use bitcoin as payment.
For me, it is perfect, you needed to pay the fees + $10 extras in order to put money on Microsoft using bitcoin, but far as i know they added it again, so all that fud was innecesary, i do not understand why a lot of people have been selling their bitcoins because of that shitty news.
Maybe microsoft is still cautious about bitcoin, because we also know that bitcoin prices are very volatile, so it is very risky if used as payment for official products. And it also seems that Microsoft does not want to be splashed from the negative criticisms that have come to bitcoin in recent times.
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Maybe microsoft is still cautious about bitcoin
no. microsoft has already trusted and known bitcoin for a long time and as you can see microsoft has actually used bitcoin as their payment method lately but because of the continous growth of bitcoin and the transaction fees itself then microsoft has decided to temporarily removed bitcoin because users will also suffer to this problem but i guess sooner or later they will re install bitcoin again if bitcoin issues had been fixed by devs.Quote
because we also know that bitcoin prices are very volatile, so it is very risky if used as payment for official products
being volaitle is not the main problem here but the fees and slow network of bitcoin is the main reason on why it was removed by microsoft. not only microsoft but also in other platforms like steam.Quote
And it also seems that Microsoft does not want to be splashed from the negative criticisms that have come to bitcoin in recent times.
no not either.
Maybe microsoft is still cautious about bitcoin, because we also know that bitcoin prices are very volatile, so it is very risky if used as payment for official products. And it also seems that Microsoft does not want to be splashed from the negative criticisms that have come to bitcoin in recent times.
The transaction cost for BTC is becoming too high as compared to other traditional means of fund movement. That not so promising
May be recent unrest in market. Bitcoin extra fees can be. It takes a lot of time to get Tx confirmation.
I would suggest that the smart move has to be paying for these products using a crypto debit card, that way you can benefit from the rise in crypto values and not be saddled with the tx fees. It's a win / win
Perhaps you are right, perhaps!
But we need to study this thoroughly, I think if they want, it`s possible be done, but whether they will be want it, it still remains a question)
The transaction fees are certainly a concern - however that is what Bitcoin Cash was invented for - it can transfer much faster with much less fees - i'm not sure exactly how much fees exactly but it certainly is the more viable option. Or else there are many other coins to adopt with a blockchain which becomes more efficient the more widely its used....Like DeepOnion 
I would suggest that the smart move has to be paying for these products using a crypto debit card, that way you can benefit from the rise in crypto values and not be saddled with the tx fees. It's a win / win
perhaps this is a temporary measure, and one must be a little patient, after some time it will return as it was.
but also this news has an impact on the cost of bitcoin, its falling down...
but also this news has an impact on the cost of bitcoin, its falling down...
Because US government is against cryptocurrencies. As long as Microsoft doesn't want to have problems with officials they won't take any risks. Especially risks like that: Bitcoin as a payment method is only for geeks and it's not worth keeping it just to satisfy them.
The US govt has made their stance clear.. so far.
For starters they enacted AML/KYC laws on exchanges. (which cover a wide range of issues)
Secondly they enacted Tax guidelines / laws.
Other than that as far as i am aware they have done nothing to hamper Bitcoin.
Hell, Marshall's even auctioned off Bitcoin before. (2013)
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Because US government is against cryptocurrencies ?
Nope you are being dishonest and covering up the glaring issue.
BTC is failing at being a CURRENCY.. while you lie to make money of it being used as a commodity.
With out the one the other is useless..
Being dishonest is of no use.. it will not help your cause Bitcoin'ers.
BTC needs to be an effective and competitive currency alternative to other services already in use.
How can it be when it swings in price so drastically and so suddenly ?
And how can it be used when the fee's keep rising to ridiculous levels ?
You are being silly.
That is like saying customers don't want to buy a car that has no wheels and can't move.
While blaming it on the car color or something.
Because US government is against cryptocurrencies. As long as Microsoft doesn't want to have problems with officials they won't take any risks. Especially risks like that: Bitcoin as a payment method is only for geeks and it's not worth keeping it just to satisfy them.
$100 transaction fee? Did we reach the moon already?
Fees can be as high of as low as you make them (of course there is a risk of lowers fees for tx's never being accepted), or stuck in the mempool for days, but come on - $100?
Absurd. 
why Microsoft Removes Bitcoin as Payment Option for Microsoft Storew?
Yeah, I've seen this news in a article in https://cointelegraph.com/news/microsoft-removes-bitcoin-as-payment-option-for-microsoft-store saying that microsoft removed bitcoin as payment due to its volatility. Maybe Bill Gates is right because as we had experienced this last year before new year, bitcoin's price really is volatility as it really goes down, and as a company CEO, Bill Gates cannot afford to take risk particularly in a company.why Microsoft Removes Bitcoin as Payment Option for Microsoft Storew?
Yeah, I've seen this news in a article in https://cointelegraph.com/news/microsoft-removes-bitcoin-as-payment-option-for-microsoft-store saying that microsoft removed bitcoin as payment due to its volatility. Maybe Bill Gates is right because as we had experienced this last year before new year, bitcoin's price really is volatility as it really goes down, and as a company CEO, Bill Gates cannot afford to take risk particularly in a company.I had already replied ITT that they have re-enabled Bitcoin payments, but news websites are posting different articles about the outcome.
Have a look:
http://www.news.com.au/finance/business/technology/microsoft-restores-bitcoin-payments-after-working-to-ensure-lower-amounts-would-be-redeemable/news-story/1c875957f470944709497dcfa6ec5fd2 (16 hours ago)
https://cointelegraph.com/news/microsoft-removes-bitcoin-as-payment-option-for-microsoft-store/ (13 hours ago)
https://www.coindesk.com/microsoft-resumes-bitcoin-payments-after-halt-over-instability/ (4 hours ago)
I think they did resume Bitcoin payments in the end. Can anyone confirm this perhaps?
Here's a statement from Microsoft as to why they reinstated Bitcoin payments again:
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In a statement to news.com.au on Wednesday, a Microsoft spokeswoman confirmed the suspension but said the service had now been restored.
We’ve restored bitcoin as a payment option in our store after working with our provider to ensure lower bitcoin amounts would be redeemable by customers,” she said
We’ve restored bitcoin as a payment option in our store after working with our provider to ensure lower bitcoin amounts would be redeemable by customers,” she said
It makes sense that they removed it since it has such a big volatility, even though I think bitcoin will continue to grow so they wouldn't lose any money, but it might not be very smart to keep it as a payment method.
did Microsoft really remove bitcoin payment option or is it just another FUD because price has been moving sideways?!
in any case i find it pretty interesting that Microsoft has been accepting bitcoin payment for a couple of years now (probably 3 years) and nobody talked about it at all. 0 news in any of these news sites. now that there is a rumor about it, every one of them is talking about it!
in any case i find it pretty interesting that Microsoft has been accepting bitcoin payment for a couple of years now (probably 3 years) and nobody talked about it at all. 0 news in any of these news sites. now that there is a rumor about it, every one of them is talking about it!
in my opinion microsoft does not accept bitcoin due to unstable bitcoin price. besides that i think microsoft just wants real money.
I also think that microsoft does not accept bitcoin because the cost in wearing to transact with bitcoin takes a long time.
I also think that microsoft does not accept bitcoin because the cost in wearing to transact with bitcoin takes a long time.
why Microsoft Removes Bitcoin as Payment Option for Microsoft Storew?
If they care about volatility why don't they just implement a payment settlement code so they can automatically convert them in fiat. Or use BitPay or similar services.. Bitcoin is so flexible and has so many applications,but people need to be open to learn how to use it as in any new technology.
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