Major cryptocurrency conference no longer accepting Bitcoin payments

Conrad Doyle | 13 January, 2018, 04:29

Bitcoin could also be useful in regions where governments impose strict rules on the use of traditional currencies from other countries.

For all the hype around bitcoin right now, it's easy to overlook an important fact: It doesn't actually work very well as a currency.

The cost of processing Bitcoin payments has been its main drawback as a medium of exchange, especially compared to the transaction speeds and costs of cash (free and instant) and credit cards (often also free and practically instant).

In fact, it has gotten so bad that even a major bitcoin conference has stopped accepting bitcoin payments for tickets altogether.

The conference announced that "due to network congestion and manual processing, we have closed ticket payments using cryptocurrencies" just a week before the conference opened.

'We have, and always will, accept cryptocurrencies for our conferences, up to fourteen days before the event, ' the organisers told Bitcoin News.

Still, the optics aren't good on this, and show the limitations bitcoin and other cryptocurrencies face to become more mainstream.

The conference organisers said that because data from payments with cryptocurrencies have to be manually entered into their ticketing platform, they have to suspend this method two weeks before their event.

That won't stop organizers of this conference from trying again next year though, if there is a next year for bitcoin. The Ethereum blockchain went from handling about 5,000 transactions per day at the start of the year to more than one million per day by December of last year.

Bitcoin, the world's largest cryptocurrency by market capitalization, has created a market frenzy in recent months. And Microsoft temporarily suspended payments on its online store because it is "unstable" earlier in January, though it restored the option this week.

Chandigarh stalking case: Vikash Barla released from jail

Zac Brown Band coming back to Darien Lake

Activision Blizzard, Inc. (ATVI) Position Lowered by Jaffetilchin Investment Partners LLC
Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Activision Blizzard by 0.4% in the 2nd quarter. Parkside Bancorp & reported 0.01% of its portfolio in Activision Blizzard, Inc . (NASDAQ: ATVI ) on Monday, August 7.

(CSCO) Shares Sold by Smith Chas P & Associates PA Cpas
Pacific Crest maintained the stock with "Overweight" rating in Wednesday, January 13 report. $578,740 worth of Cisco Systems, Inc. According to their observations and findings, the stock could provide a high EPS of $0.61/share and a low EPS of $0.58/share.

Emerson Electric (EMR) Lifted to Buy at Vertical Research
The investment managers in our partner's database now possess: 432.93 million shares, down from 440.67 million shares in 2017Q2. Eagle Global Advisors LLC's holdings in Emerson Electric Company were worth $708,000 as of its most recent filing with the SEC.
(UNP) Holdings Cut by Tokio Marine Asset Management Co. Ltd.
The institutional investor owned 536,709 shares of the railroad operator's stock after selling 2,272 shares during the period. The railroad operator reported $1.50 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.49 by $0.01.

13 January 2018

Blue Jays ink record deal for Donaldson
Kela's salary is $1.2 million, up from $543,210, and Profar will make $1.05 million, an increase from $1,005,000. Still, he managed to hit 33 home runs and drive in 78 runs in under 500 plate appearances.

13 January 2018

This Bitcoin KFC Bucket Is An Abomination
The LTO is available in Canada and is making a good deal of news around cryptocurrency websites globally. KFC considers other cryptocurrencies as well and mentions it on Twitter.
13 January 2018

FG, Marketers Agree To N145 Pump Price, Eliminate Middle Men
The government believes Nigerians should not be made to buy fuel for more than N145. The marketers can not import the PMS because of the cost of the crude oil.

13 January 2018

Destiny 2 - Where Is Xur for January 12, 2018?
Also new as of December 12, Three of Coins is a four-hour buff that increases the odds of Exotic engrams dropping in the wild. Bungie clarified their effectiveness , and they don't seem particularly worth the steep Legendary Shard cost at the moment.

13 January 2018

Quarterback Brady refutes notion of rift within Patriots
From filmmaker Gotham Chopra , the six-episode series tracks 40 year-old Brady and his quest for a record 6th Super Bowl title. And Belichick made it very clear that coaching against LeBeau is not something he enjoys.
Harvest Capital Strategies LLC Increases Position in Ascena Retail Group INC (ASNA)
Finally, Texas Permanent School Fund boosted its holdings in shares of Ascena Retail Group by 0.9% in the 2nd quarter. The firm had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.58 billion.

Bristol-Myers Squibb Company (BMY)- Stocks Taking Toll on Performance Valuation
Brandywine Global Investment Ltd Liability has 0.09% invested in Bristol-Myers Squibb Company ( NYSE : BMY ) for 221,250 shares. The California-based Osborne Prns Limited Liability has invested 0.92% in Bristol-Myers Squibb Company ( NYSE : BMY ).

INTU) — Intuit Inc. (NASDAQ
Trend Direction of Twenty-First Century Fox, Inc. (NASDAQ: FOXA ) has declined 2.90% since January 11, 2017 and is downtrending. Jefferies maintained the stock with "Buy" rating in Thursday, December 21 report. (NASDAQ:AAPL) was sold by SCHILLER PHILIP W.

Zac Brown Band coming back to Darien Lake In 2010, the Zac Brown Band won a Grammy for best new artist, their first of three Grammys. Tickets prices are $35.60, $50.50, $70.50, $83.50, $101.00 (processing fees apply).

NRF: Holiday Sales Exceed Expectations Compared with a year ago, retail sales were also up in nearly every category, with some doing very well indeed. Total sales for the October 2017 through December 2017 period were up 5.5% from the same period a year ago.

President Trump Takes Action to Expand Internet Access for Rural America There had been reports that Trump was wavering about supporting crop insurance in a new farm bill, a concept Roberts supports. Trump touted how the new tax law now allows farmers to immediately write off 100 percent of new equipment.

Aetna Inc. (AET): What's the Story? Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. The company reported $1.63 earnings per share for the quarter, topping the Zacks' consensus estimate of $1.44 by $0.19.

New THE HANDMAID'S TALE Pics Make Season 2 Look Apocalyptic But at a certain point, you can't spend all your time second-guessing things. Sometimes while writing the scripts, I just really wanted to surprise her.

Critical Comparison: Cirrus Logic, Inc. (CRUS) vs. Ultra Clean Holdings, Inc. (UCTT) It has outperformed by 304.16% the S&P500.The move comes after 5 months positive chart setup for the $786.82 million company. Meeder Asset Mngmt stated it has 294 shares or 0% of all its holdings. 8,448 are held by Legal General Grp Inc Public Ltd.

Chandigarh stalking case: Vikash Barla released from jail Speaking to NDTV in August previous year , Ms Kundu had said she would like to see a change in the status of women in India. Vikas Barla, 23, and his friend Ashish were arrested arrested for allegedly harassing daughter of an IAS officer in August.

Who cares? Liverpool unfazed by Coutinho departure claims Oxlade-Chamberlain He is a player of Leipzig, that's what I know and will be here in the summer, that's what I know as well. "We go with open eyes. He has not been able to sign anything - he has been totally cut off from the world of football.

Republicans are trying to clean up Trump's "shithole" comments John Cornyn of Texas, the No. 2 GOP senator, and other Republicans have derided the group of six senators as having little clout. This morning, President Trump said he did use profanity, but the specific phrased he's accused of saying - really was NOT said.

Trump lawyer arranged $130000 payment for adult-film star's silence Trump's surrogates have also adopted a "deny everything" approach when it comes to sexual misconduct allegations. Daniels" but that "attorney-client privilege prohibits me from commenting on my clients' legal matters".

Q4 PC sales up for first time in six years However, Gartner analysts said there were some signs for optimism. "PCs are no longer popular holiday gift items", Kitagawa said. Currently, Western Digital sports a Zacks Rank #1 (Strong Buy), while Seagate carries a Zacks Rank #2 (Buy).

Stock'S Earning Overview United States Steel Corp. (X) California State Teachers Retirement System raised its stake in United States Steel by 1.9% during the second quarter. The stock of AK Steel Holding Corporation (NYSE: AKS ) earned "Neutral" rating by JP Morgan on Wednesday, January 25.

B&M emerges as Christmas victor In its United Kingdom market, sales shot up by 12.9 per cent to £837.3 million with like-for-like sales up by 3.9 per cent. B&M posted a 22.7% rise in sales to £969.8mn in the 13 weeks to December 23, with like-for-like sales growing 3.9%.

Oregon Ducks upset #11 Sun Devils in decisive fashion — ASU Men's Basketball Which had Miller a little relieved on some level. "And we haven't had a lot of problems offensively throughout this whole year". But what's been less certain - and particularly upsetting for coach Sean Miller - has been their defense.

Khalil Tate Doesn't Seem to Want Arizona to Hire Ken Niumatalolo The Hawaii native traveled to Provo, Utah, in December of that year but ultimately declined the job offer to stay at Navy . The University of Arizona may be close to hiring Navy head football coach Ken Niumatalolo , according to reports .

Major cryptocurrency conference no longer accepting Bitcoin payments

Recommended