Bitcoin Black Friday Shuts Forever as Founder Says ‘Mission’ Complete
William Suberg's original article for cointelegraph.com reduced by 73%
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.
"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's parting shot meanwhile appeared to deliver a subtle swipe at cryptocurrencies other than Bitcoin.
"The ability to transact with bitcoin is at most a needed function, at worst a tack on benefit. With both my career and my personal views I've drifted away from using bitcoin as a new payment rail," Holmquist added. Bitcoin businesses continue to offer Black Friday discounts of their own.
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