The North American bitcoin conference has ceased to accept payments in cryptocurrency

The North American bitcoin conference has ceased to accept payments in cryptocurrency

This annual event, which will take place on 18 and 19 January in Miami. According to the report, which appeared on the website of the conference, all who decided to participate in the event at the last minute, will not be able to pay with cryptocurrency, the payment will be made only in Fiat.

Because of the congestion of the network and manual processing of all payments we have disabled the ability to pay for tickets using the cryptocurrency. I hope next year the community will be more unity in relation to the scale and it will allow bitcoin to become more popular.

We have always taken and will continue to accept payment in cryptocurrency, but 14 days prior to the event. Due to the fact that we have all payments in crypto-currencies to be processed manually, we will not be able to accept payment in bitcoin from those who decide to join the event at the last minute.

This statement is yet another confirmation of the fact that the scaling problem is probably the most serious problem that faces the bitcoin developers and the community as a whole.

The scaling problem

The Core developers of Bitcoin have announced the full implementation of the technology SegWit in client version 0.16.0, which will be held in may 2018.

However, frustrated users will not sit idly by, and organize campaigns with the aim of exerting pressure on large businesses in the bitcoin industry so that they introduced the technology SegWit as quickly as possible. For example, the petition, sent to Coinbase to pay for SegWit has already gathered 7,500 signatures.

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