Comment · Tue, December 20, 2016
Circle Discontinues Bitcoin Support
Original post in this thread
MisterYouAreSoDumb · 14 points
So it looks like Circle just rage-quit Bitcoin today. They seem to be frustrated by the transaction limit issue the past year, and would prefer to move to their own proprietary blockchain currency called Spark. I think they are going to fail miserably, but we will see.
Circle removes ability to buy and sell Bitcoin as it doubles down on mobile payments
What this means is that anyone with a Circle account can no longer use it for the only real purpose it had. You can no longer buy/sell BTC, nor can you send the BTC already in your account to another wallet. This means that you cannot pay for orders via Circle anymore, which sucks. Unfortunately, the only real alternative with the same ease of use is Coinbase. So for now, we suggest using Coinbase to purchase your BTC. Then I would suggest using an intermediate wallet, like blockchain.info or Electrum, to actually pay for the orders. Coinbase has been a bit strict with closing people's accounts. So it is best to use an intermediate wallet for payments for the time being.
There are a couple other Bitcoin servi…
What they were answering
garmondbozia · 2 points
and I thoughtAmerica was the land of the free! Sad to see this kind of monopolistic policies hurting newly burgening industries.
u/MisterYouAreSoDumb
Haha, no. America has never been the land of the free as we were taught. We like to think it, but it's not. Freedom always comes at a price, and our government has maintained that price was too high to let too much freedom ring. America was built on this kind of monopolistic policy. We just have the ability to see it more often these days, and complain about it on the internet. We still have that freedom... for now.