• NotMyOldRedditName@lemmy.world
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    22 hours ago

    The problem was the artificially congested network causing unreliable transactions that would take too long which would make the price too volatile. Additionally fees were getting ridiculous when they stopped accepting them due to this congestion

    That led to too many refunds or failed payments or payments that were no longer sufficient.

    That resulted In a customer service nightmare.

    All of those problems can be avoided today using a stable coin not on the bitcoin network.