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The payment service, Stripe, has ended its support for Bitcoin due to rising transaction fees and long confirmation times. Particularly the latter contribute to failed transfers. So Bitcoin is over as an experiment, and more are realizing that. However, the expectation is that some other cryptocurrency will become widely used, eventually.
Therefore, starting today, we are winding down support for Bitcoin payments. Over the next three months we will work with affected Stripe users to ensure a smooth transition before we stop processing Bitcoin transactions on April 23, 2018.
Despite this, we remain very optimistic about cryptocurrencies overall. There are a lot of efforts that we view as promising and that we can certainly imagine enabling support for in the future.
[ TMB Note: Yes, this will absolutely break our ability to accept BitCoin. Again. Which is fine this time as BitCoin transaction fees are now as high as the minimum price for a year's subscription. If you have a preferred alternative that we can accept without actually touching cryptocurrency, drop the info in a comment. ]
(Score: 1) by cpghost on Thursday January 25 2018, @09:52PM (2 children)
Since obviously BTC was never meant to scale to so many transactions/s, I'm wondering how other coins are doing?
Personally, I'm a huge fan of CryptoNote-based coins like Monero (XMR) for many technical reasons, but I'm not sure it will scale w.r.t. the volume of transactions (even though it's quite fast right now, but than can rapidly change as soon as it gets too popular).
Maybe there's a recent academic paper comparing those currencies w.r.t. scaling?
Cordula's Web. http://www.cordula.ws/
(Score: 0) by Anonymous Coward on Friday January 26 2018, @05:53PM
it looks like they are making aeon as one solution to the scaling issue.
(Score: 0) by Anonymous Coward on Friday January 26 2018, @07:16PM
Take a look at the bottom left here:
https://getmonero.org/design-goals/ [getmonero.org]