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Fe3ltheM4Jick Mar 31, 2013 @ 5:04pm
Bitcoin for greenlight ?
Is bitcoin software - expecially the miners, somethig that could be distributed through steam - which has a ready army of GPU's - or is this for commercial software only ?
Showing 1-11 of 11 comments
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Ganger Apr 1, 2013 @ 8:25am 
Bitcoin is worthless in the real world and you won't see it on steam anytime soon. They is no regulation, no audit and isn't backed by any goverment. Its only worth anything to people that trade them to each other.
Fe3ltheM4Jick Apr 1, 2013 @ 9:57am 
Well, you've just listed half the reasons people want them.
As far as $ + £ go, there is no effective regulation, no reliable audit, and no reliable government backing - you read the news lately ?

Hey, would you mind if I copied these posts up on Yanis Varoufakis's valve economics blog and see if the guy has anything to say on the subject ?
Last edited by Fe3ltheM4Jick; Apr 1, 2013 @ 10:05am
Fe3ltheM4Jick Apr 1, 2013 @ 10:21am 
In fact, now I've had a look round, I found a guy selling Steam games for bitcoin - I don't know if Steam like this or not, or if there are legal issues, or whatever, but he's showed its possible. http://steamcommunity.com/groups/bitcoin/discussions/0/864947834981994766/
Flotilla Apr 1, 2013 @ 11:24am 
Bitcoin mining has long since passed the point of usefulness.
Fe3ltheM4Jick Apr 1, 2013 @ 11:55am 
What makes you say that Flo ?
Fe3ltheM4Jick Apr 2, 2013 @ 7:47pm 
Then again, looking at how many problems there are with bitcoin..... maybe not...
AIMonster Apr 2, 2013 @ 10:56pm 
It probably wouldn't hurt to list it under software. Does Valve refund you if they are forced to take it down for whatever reasons? Worst case scenario is you lose out on $100.
Skoardy Apr 3, 2013 @ 7:24am 
Originally posted by AIMonster:
Does Valve refund you if they are forced to take it down for whatever reasons?
Since the money goes to charity, that'd be a no.
Fe3ltheM4Jick Apr 5, 2013 @ 10:54am 
Yeah they got DDoS for a while, but prices have just gone right back up to 140+
A big hack/theft dumped the price right down last year for a long time, it seems more resilient recently because of the craziness in Europe. All moneys and valuables get robbed, and this one is no exception.

One of those graves has a thumb drive with 1000 bitcoins on it... :-)
http://www.youtube.com/watch?v=yn2xSNv0TSk
Ganger Apr 5, 2013 @ 12:23pm 
People have been trying to compare bitcoin funds to that of microsoft points, amazons new currency and other type of internet money.

But one thing that bitcoin differs from is the fact that lets say.. microsoft points are backed by real cash. You pay microsoft £20 for 2000 points, you spend them points on DLC for blackops II. MS will then pay the makers of BOII the equal amount points but in real money be it dollars, yens, pounds etc.

If you pay steam in bitcoin, how is steam going to offload them bitcoins for real money to pay its staff and bills.
Fe3ltheM4Jick Apr 5, 2013 @ 3:46pm 
How would steam offload them for real money - depends what you call real money.

I guess what you mean is money that is accepted by those who can supply you with essentials. It's not really a definition of real, rather a definition of widely accepted.
The concept has been proven that BTC can be used for essential needs - it will work, but only in a limited and volatile way so far.
They can go get their pizza and other stuff online and pay in bitcoin, or swap on an exchange.
Prices may vary worse than in Zimbabwe, so far, but it's possible.

Of course, there's nothing to stop Steam from opening their own mining pool and literally coining it in for themselves. If the price remains high this may even be worth it for those with graphics card rather than specialised mining gear.
There are lots of clever ladies and gentlemen at Steam that could do that, I am sure.

I did a back of the envelope calculation for a Steam pool, using their own published user stats, and the potential computing power distributed through the user base dwarfs that already deployed by miners - but the individual payout would be pretty small.

Nothing to stop them opening an exchange either.

Specialised steam miner for the steam pool and exchange ?
Team Fortress gear for sale in BTC ?
Would that work ?

Nvidia might not like that, though, but that's their own fault for making cards that are rubbish for mining.
Last edited by Fe3ltheM4Jick; Apr 5, 2013 @ 3:52pm
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Date Posted: Mar 31, 2013 @ 5:04pm
Posts: 11