Openbazaar co-founder disappointed with BTC commissions

Washington Sanchez, co-founder of Openbazaar, tweeted his frustration with the high BTC fees. He expressed regret about his past BTC “maximalism” and assured of Openbazaar’s desire to pay more attention to altcoins.

Since 2014, Openbazaar has primarily used Bitcoin as the primary payment method on the platform. The company's co-founder recently expressed frustration with BTC's high fees and the result of the scalability debate.

“Personally, I've spent so much time participating in this scalability war that I could spend it developing a few decentralized applications or adding new currencies to the list Openbazaar. Instead, we are just waiting for fees to completely cripple the industry,” Mr. Sanchez wrote.

“The main lesson is to not let personal ideology get in the way of developing what is frankly best for the community, open competition and market,” he added.

“Openbazaar should be a free and open protocol for trading goods and services using cryptocurrency, it should help tokens and cryptocurrencies gain economic utility and significance, and it should help people either earn or learn to use digital currency. Such a vision cannot be limited to one currency,” he concluded. 

Openbazaar announced that it will support a wide range of altcoins, and Sanchez tweeted: “If we're lucky, we [Openbazaar] will look radically different by the end of the year.” The platform hopes to give users the ability to buy/sell goods and services using BTC, BCH, LTC, ZEC, ETH, as well as “any ERC20 token.”

Despite the company's desire to support alternative payment methods, Bitcoin is still the most popular cryptocurrency on Openbazaar, with about 11 thousand listings offering BTC as a means of payment. Bitcoin Cash currently has approximately 1,100 listings hosted on the platform.

According to https://news.bitcoin.com