Menu IconA vertical stack of accepting bitcoin payments evenly spaced horizontal lines. The North American Bitcoin conference has stopped accepting bitcoin payments for tickets due to fees and congestion associated with the cryptocurrency.
Bitcoin is red-hot right now, but the demand has put the network under unprecedented stress and sent transaction fees sky-rocketing. Those issue makes it difficult to use bitcoin as a replacement for a traditional currency. 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. 15,000, the network has buckled under the strain. In fact, it has gotten so bad that even a major bitcoin conference has stopped accepting bitcoin payments for tickets altogether.