Hype. Or how Microsoft and Bitcoin sorted out their relationship

Yesterday evening there was information on the Internet that the IT industry giant Microsoft refused to work with bitcoin. This statement was made by unnamed “official representatives” of the company, and this news was published on the Microsoft website. A couple of hours later, this news was picked up by the Russian-speaking segment of the Internet, causing a wave of sarcastic comments. But in the morning the situation turned 180 degrees.

Official representatives of the company in their first statement explained that this decision was made due to the fact that the military-technical cooperation cannot be called a stable currency. Because today Bitcoin has unacceptably high volatility and unjustified fees. (We remind you that in 2013, Microsoft supported BTC, providing its users with the opportunity to pay for the company’s products with this cryptocurrency. But three years ago, the commission for transferring funds was only a few cents, and now the cost of the transaction is close to tens of dollars.)

The articles covering this event stated that for such a giant as Microsoft, such a change in the commission could result in very large losses. And what often happens is that the cost of the transaction exceeds the cost of the product several times. This is definitely unprofitable for business.

At the same time, the remark was made that this decision is not final and can be revised if Bitcoin changes the terms of commission payments.

But in the morning information appeared from Microsoft representatives that replenishment of Windows and Xbox store accounts still works, and the evening message was a ridiculous mistake. A representative of the company, in an interview with The Verge, noted that Microsoft still accepts bitcoin for payment and made an official apology:

"We continue to support Bitcoin for replenishing accounts in Microsoft, which can be used to purchase content in the Windows and XBox stores. We apologize for the unverified information that was accidentally posted on the Microsoft website, and now everything has been corrected."

Who and when the “unverified” information was posted is not specified.

In our opinion, in this case we are dealing with outright hype. 

Hype - translated from English - is a hubbub, noise, scream, scream. The expression “inflate hype” is very close in meaning to “raise the hubbub,” that is, raise an information wave to use it for some specific purpose. 

Sometimes these waves lead to almost a mild form of hysteria among active Internet users. And at this time, under the cover of such hype, the customers of such hype are calmly resolving their purely economic issues..

What problem was solved while there was a cry on the Internet that even Microsoft considers Bitcoin a bubble and that this pyramid will soon collapse is unknown to us.

Perhaps Microsoft was still able to find positive aspects in working with Bitcoin overnight.

It is possible that this was reflected in the exchange.

We continue to watch what is happening and keep a cool head.

According to http://www.trustnodes