Is cryptocurrency allowed on steam?

[Donald Trump]

If not: why not? maybe cryptocurrency will be the future, lets say...... in 100 years everyone uses cryptocurrency, would steam ever.. adopt it?


I personally only used it a little bit here and there... im still learning about all of that

is cryptocurrency the future? in IRL, Steam.. or whatever

[DarkCrystalMethod]

If I recall correctly, Lord Gaben looked out upon the games on steam and saw that some had miners built in. So he cast them out of the temple(Steam Store).

[Wayward]

Hello,

In my opinion, it is not. The average person is not secure enough with virtual things, in fact you can just look at this forum and a lot of days people post that they have been scammed while also stating they never have gone to a 3rd party website or scam trade site. Now imagine with crypto, the person comes and says «I lost all of my crypto wallet, all my money is gone», crypto wallet and phishing scams exist in the same way as trading scams in fact.

[DarkCrystalMethod]

Found it... er, one of several(by asking "the google'):
https://decrypt.co/93981/gabe-newell-half-of-bitcoin-transactions-on-steam-were-fraudulent

[Donald Trump]

nor honestly, i aint gon click on a link called decrypt or whatever, but i guess it says something like "we wont allow crypto here because of miners...." (right?) which is.... meh i dont know man, i dont know how easy or hard it is to farm crypto...

[Wayward]

Originally posted by Yiffy the furry LGBT Cat:

nor honestly, i aint gon click on a link called decrypt or whatever, but i guess it says something like "we wont allow crypto here because of miners...." (right?) which is.... meh i dont know man, i dont know how easy or hard it is to farm crypto...

It's because Steam said that half of transactions by Bitcoin payment were fraudulent and Steam decided it does not want crypto users as customers.

[Donald Trump]

Originally posted by Wayward:

Hello,

In my opinion, it is not. The average person is not secure enough with virtual things, in fact you can just look at this forum and a lot of days people post that they have been scammed while also stating they never have gone to a 3rd party website or scam trade site. Now imagine with crypto, the person comes and says «I lost all of my crypto wallet, all my money is gone», crypto wallet and phishing scams exist in the same way as trading scams in fact.

:LN2TheEye:

oh yes, people post here about 20-30 times a day that they have been scammed, but i think that actual security could be implemented regarding cryptocurrency... i mean... if it wasnt possible, then bitcoin wouldnt even be a thing :3

[Qbert ⭐]

Crypto bros effin up the idea really early

[Donald Trump]

Originally posted by Wayward:

Originally posted by Yiffy the furry LGBT Cat:

nor honestly, i aint gon click on a link called decrypt or whatever, but i guess it says something like "we wont allow crypto here because of miners...." (right?) which is.... meh i dont know man, i dont know how easy or hard it is to farm crypto...

It's because Steam said that half of transactions by Bitcoin payment were fraudulent and Steam decided it does not want crypto users as customers.

:LN2TheEye:

fair enough.... guess we gotta wait about... idk 50 years till real secured lines can be established? :/

[cSg|mc-Hotsauce]

Originally posted by DarkCrystalMethod:

Found it... er, one of several(by asking "the google'):
https://decrypt.co/93981/gabe-newell-half-of-bitcoin-transactions-on-steam-were-fraudulent

This^ and the news on Steam which tells a partial story before GabeN told the other part...

https://steamcommunity.com/games/593110/announcements/detail/1464096684955433613

[Donald Trump]

Originally posted by cSg|mc-Hotsauce:

Originally posted by DarkCrystalMethod:

Found it... er, one of several(by asking "the google'):
https://decrypt.co/93981/gabe-newell-half-of-bitcoin-transactions-on-steam-were-fraudulent

This^ and the news on Steam which tells a partial story before GabeN told the other part...

https://steamcommunity.com/games/593110/announcements/detail/1464096684955433613

You think that... even in 100 years they wont support it?

Its hard to predict obviously, but who knows... maybe we will all have cryptos on our smartphone instead of real money

[Lystent]

Originally posted by cSg|mc-Hotsauce:

Originally posted by DarkCrystalMethod:

Found it... er, one of several(by asking "the google'):
https://decrypt.co/93981/gabe-newell-half-of-bitcoin-transactions-on-steam-were-fraudulent

This^ and the news on Steam which tells a partial story before GabeN told the other part...

https://steamcommunity.com/games/593110/announcements/detail/1464096684955433613

:summercat2023:

Tagging someone with a transaction fee multiple times for the same transaction... While I felt that bitcoin had issues involving the whole rush of miners and how the currency seemed more like an investment, that repeating fee seems more glaring as a red flag to me.

[Aachen]

Cryptocurrency is rubbish technology. Good on Valve, though I suspect it was to avoid the legal issues the finjunk introduces.

Originally posted by Yiffy the furry LGBT Cat:

You think that... even in 100 years they wont support it?

Its hard to predict obviously, but who knows... maybe we will all have cryptos on our smartphone instead of real money

There’s no reason it would take one hundred years, if the technology did anything desirable.

[Azure Fang]

Every time I see anybody discuss Crypto and/or NFTs, I feel compelled to repost this. Yes, it's primarily about NFTs, but it heavily covers the problems with Crypto in general and touches on the reasons underpinning why Valve (and pretty much every legitimate business) ended support for Crypto: https://www.youtube.com/watch?v=YQ_xWvX1n9g

[ReBoot]

This whole cryptocurrency crap doesn't sound too bad in principle. While we can't fathom how an actual, decentralized currency would impact the market, we've yet to see one as previous years have proven cryptocurrency to be worse than centralized: it got multiple centers. China creates some law around this? Currency value makes a jump. Some billionaire who literally couldn't care less about you says something about this? Currency value makes a jump. This is horrible if you're actually going to use this.

Speaking of using this. That drama about Bitcoin being capped to 7 transaction per second. Worldwide. I can't imagine how the ♥♥♥♥ anyone sane would want such a thing as an actual currency, to call this impractical would be quite an understatement. But that's not what the drama is about. The drama is about changing the protocol (in a backwards-compatible manner) to allow for more transactions. That one didn't went through, AFAIR there was then a branching chain on the new tech with the old remaining dominant. In other words, cryptocurrency enthusiasts don't want this stuff to be an actual currency!

What remains, is an object of speculation. As fun as gambling is, the environmental impact of cryptomining is horrendous. All the cars we're still worshipping way too much at least get people somewhere, at least there's some use to them. Cryptocurrency is, as consequence to how this stuff works under the hood, a speculation object, a betting game. Burning all the energy cryptocurrency is wasting for betting is vile, there's enough other goods to gamble if you like gambling.

As a currency, this stuff is past by now. Been tried, failed, doesn't work. The NFT craze which is derived from cryptocurrency has long reached the state of "bigger idiot", meaning the goal with investing is to find a bigger idiot to rip off afterwards.

As fascinating as this whole blockchain shizz is from a technical perspective, it fails when it comes to actually working in reality. Great tech doesn't make up for ♥♥♥♥♥♥ product design and for every use case it's been tried for, blockchain is a horribly ♥♥♥♥♥♥♥ stupid idea. Blockchain still is a solution without a problem.

[Mailer]

If cryptocurrency, and web 3.0 in general, is supposed to repair goodwill and prove that it is not a giant grift scheme, then it has a lot of work to do...

https://web3isgoinggreat.com/