RATE Group | Bitcoin Black Friday Shuts Forever as Founder Says ‘Mission’ Complete
69971
post-template-default,single,single-post,postid-69971,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Bitcoin Black Friday Shuts Forever as Founder Says ‘Mission’ Complete

26 Nov Bitcoin Black Friday Shuts Forever as Founder Says ‘Mission’ Complete

Posted at 13:30h in Bitcoin News by

[ad_1]

The creator of one of the best-known Bitcoin (BTC) events has confirmed it will no longer take place as it has fulfilled its “initial mission.”

In a statement on the official website of Bitcoin Black Friday, Jon Holmquist said that he had “fallen out of love” with the idea of using BTC for consumer payments. 

Holmquist: Bitcoin is “investment and new financial instrument”

Bitcoin is an investment vehicle and financial tool, he argued, and simple payments should be left to altcoins such as Bitcoin Cash (BCH). 

“I have decided not to continue running the Bitcoin Black Friday event. After 7 years, and 6 successful events, I have fallen out of love with using bitcoin as a means of consumer payment,” he wrote.

Holmquist continued: 

“Although other alternatives like BCH exist, I think that the fundamental use case of Bitcoin is, and remains, a form of investment and as a new financial instrument.”

“Mission accomplished” for Black Friday

The decision comes as 2019’s…

[ad_2]

Source link

Tags:
, , , , , ,