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Topic: Microsoft Step Back on Bitcoin - page 2. (Read 255 times)

full member
Activity: 210
Merit: 108
January 09, 2018, 04:35:21 PM
#10
At least its a good thing that microsoft consider having bitcoin as a mode of paymentvand will only wait for the time that some issues will be settle. This is one step to the digital economy that many of us want to happen I hope those listed issues maybe be settle soon so that microsoft will go back in supporting bitcoin market
full member
Activity: 252
Merit: 100
January 09, 2018, 03:54:54 PM
#9
All the reasons you mentioned are general and are costing a huge loss of everyone i guess. I had sent 3 transactions 6 days before and yet they are not confirmed. Even the bitcoin fees is increasing a lot and it is causing heavy losses for small transactions. Bitcoins will be the best for accepting and sending payments but just these problems should be soon overcomed.
sr. member
Activity: 441
Merit: 250
January 09, 2018, 03:53:58 PM
#8
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
1.Currently true
2. Currently trueish
3. Doesn't matter to merchant it should be swapped to fiat immediately.

Come lightining 1 & 2 should be solved.
Why should someone swipe it for fiat? If they were looking for fiat we have direct paypals. People who are optimist will never sell btc because they are sure it will increase. Why will you sell something you are sure will be worth more the next day?
sr. member
Activity: 441
Merit: 250
January 09, 2018, 03:52:14 PM
#7
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
Why only microsoft the whole world will leave bitcoin to move forward if such issues contunue to persist. People of the crypto world will move on to other cryptocurrencies if they find bitcoin not catering their needs.
member
Activity: 392
Merit: 10
Spanish Translator
January 09, 2018, 03:49:57 PM
#6
The high fees are a very dangerous threat to Bitcoin. If the things keep being like now, it wouldn´t be so strange to see to another altcoin surpass Bitcoin.
member
Activity: 182
Merit: 11
January 09, 2018, 03:47:56 PM
#5
Im sure they knew this will be the problem of the network from the start,maybe there are some good reasons why they removed btc for their payment method.
full member
Activity: 266
Merit: 151
First crypto index traded as a token!
January 09, 2018, 02:27:55 PM
#4
Microsoft must have foreseen these issues from the beginning, so there is some other reason why they initially accepted bitcoin as a form of payment. Everyone knew about the high fees, the high volatility and the long confirmation times. A company like Microsoft with smart decision-makers knows what they're doing.
hero member
Activity: 1890
Merit: 831
January 09, 2018, 02:25:48 PM
#3
I do think that this issue will be solved by this year or so and then Microsoft will have to look up to bitcoins again , I do think that its showing us how hard time bitcoins is having right now and what what needs to be done to keep it back on the track.
Fee is the biggest issue I feel Because now you can easily use a transaction accelerator.
legendary
Activity: 1358
Merit: 1565
The first decentralized crypto betting platform
January 09, 2018, 02:23:09 PM
#2
Yes, but they also said this was temporary. It has already happened in the past, so I'm not worried.
newbie
Activity: 364
Merit: 0
January 09, 2018, 02:19:45 PM
#1
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
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