Saturday, 15 September 2018

Stores no longer accepting Bitcoin

I have to say I'm a little surprised to see the number of businesses that have stopped accepting Bitcoin altogether. Many stores that were some of the first to take Bitcoin have just quietly removed it. I'm going down a list of places I have bought from in the past, and the number that still accept Bitcoin and still support it is quite small.

This really makes no sense to me, considering that if they had kept even a small percentage of the Bitcoin they accepted over the years, it would have been obviously worthwhile.

Is there a good explanation, other than the fee disaster created by Core last year and the general mess created by the hardfork(s)? I feel like this is not sufficient. Does anyone know of any public statements from large websites that have discontinued accepting cryptocurrencies as to their reasoning?

submitted by /u/benjamindees
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source https://www.reddit.com/r/btc/comments/9fw75n/stores_no_longer_accepting_bitcoin/

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