When Satoshi Nakamoto wrote the historic bitcoin whitepaper, the elusive creator called bitcoin a peer-to-peer electronic cash system. But ten years later, bitcoin is still a terrible way to pay for things. Streaming platform Twitch just proved the point by quietly removing its bitcoin and bitcoin cash payment options. The Amazon-owned streaming platform offered no reasons for the move, but we can read between the lines. There’s no demand. Don’t get me wrong. I would love to see bitcoin become the world’s payment system, but it faces some serious issues. And it’s not because of speed or fees or technology.
The post Twitch Ditches Bitcoin; Crypto Remains a Terrible Payment Method appeared first on CCN