Accept Bitcoin as payment method again - theres no reason not to and there was no reason to remove it in first place

[Customer Care Specialist]

They can use Bitpay (and i think they did that before aswell), and they couldnt give a ♥♥♥♥ about crashing or increasing Btc price because they would get paid in Dollar from Bitpay to bank account.

This is literally taken from Bitpays site:

"Receive funds directly to your bank account with zero price volatility or risk."

"Bank deposits in 38 countries, settled in US Dollars, Euros, GBP, and more."

Its a missed opportunity to appeal to people who value their privacy like me to encourage them to spend more money on Steam, or just prefer Btc to pay for stuff or just dont have other payment methods available.

Its annoying to having to create a new Paypal with fake info for each time i want to buy a game or Steam wallet, then finding someone who exchanges BTC for Paypal, having the risk of getting limited and losing the money completely to Paypal.

OR trying to find someone to sell me Steam wallet codes (at premium!!) for Btc...

I skipped many purchases I would have else made if Steam would take Bitcoin directly, because it just is too much hassle, especially if its spontaneous.

[David]

Then don’t deal with fake currencies, as they sound like too much hassle.

[Zekiran]

Vapor currency is not money, so... no. That would be stupid. They've already established that they will not be using that 'currency' (I use heavy quotes, because it is not money in any way) so ... give it up? Use actual cash?

[Frazzledragøn the Trustworthy]

Bitcoins are a highly unstable currency.
Valve wants security in their purchases. Let's say a large portion of customers did pay in bitcoin for a year and suddenly bitcoin value drops. Blam, just through the floor. Now Valve made millions minus.

[999999999]

No.

Use the search function.

[ KARR™]

Автор сообщения: Frazzledragøn the Trustworthy

Bitcoins are a highly unstable currency.
Valve wants security in their purchases. Let's say a large portion of customers did pay in bitcoin for a year and suddenly bitcoin value drops. Blam, just through the floor. Now Valve made millions minus.

No...?
The price of the game and the money that Valve receive would be the same. The amount of Bitcoin that you need to pay with would increase and decrease .

The same way that if a game costs $10 and the exchange rate changes, Valve still gets $10, but the person is paying more local currency for their purchase. One day the bank would say "To pay $10 we need you to put in £8", the next "To pay $10 we need you to put in £12", etc.

[Start_Running]

Автор сообщения:  KARR™

Автор сообщения: Frazzledragøn the Trustworthy

Bitcoins are a highly unstable currency.
Valve wants security in their purchases. Let's say a large portion of customers did pay in bitcoin for a year and suddenly bitcoin value drops. Blam, just through the floor. Now Valve made millions minus.

No...?
The price of the game and the money that Valve receive would be the same. The amount of Bitcoin that you need to pay with would increase and decrease .

The same way that if a game costs $10 and the exchange rate changes, Valve still gets $10, but the person is paying more local currency for their purchase. One day the bank would say "To pay $10 we need you to put in £8", the next "To pay $10 we need you to put in £12", etc.

It's actually a bit different. FOr starters Valve never directly accepted bitcoin they worked with a third party that accepted the bitcoins and paid valve real money. That third party charged fees . Those fees were...inconsistent to say the least and trhe time required to complete the exchange was uncertain at best.

Valve is not going to accept Bitcoins directly because at this point only a fool would.. 2017 was a year that straight up showed th vulnerability of bitcoin and has also killed a lot of the demand for bitcoin. For a currency to be useful it has to have value to the people you have to give money to. Particularly the government.. Having a stack of bitcoins or any currency means nothing if there's no one around you that will accept it as currency.

With plummet in value bitcoin is currently experiencing no one but the desperate, the criminal or the foolish want to buy it, so that means that the value can only go down which makes it even less of a buy.

The simple truth is. Bitcoin is failing as are most cryptos right now because surprise, people have been taking a closer look and realizing that there's no base supporting the thing. A country's currency strength can be weighed against the strength of it's economy and assets. Thus ly a country's currency , barring some calamity, will maintain value.

Bitcoin operates like having a share in a company than produces nothing and owns nothing. It's value has been entirely based on what people can be convinced of.

[Count_Dandyman]

Автор сообщения: Start_Running

Автор сообщения:  KARR™

No...?
The price of the game and the money that Valve receive would be the same. The amount of Bitcoin that you need to pay with would increase and decrease .

The same way that if a game costs $10 and the exchange rate changes, Valve still gets $10, but the person is paying more local currency for their purchase. One day the bank would say "To pay $10 we need you to put in £8", the next "To pay $10 we need you to put in £12", etc.

It's actually a bit different. FOr starters Valve never directly accepted bitcoin they worked with a third party that accepted the bitcoins and paid valve real money. That third party charged fees . Those fees were...inconsistent to say the least and trhe time required to complete the exchange was uncertain at best.

Valve is not going to accept Bitcoins directly because at this point only a fool would.. 2017 was a year that straight up showed th vulnerability of bitcoin and has also killed a lot of the demand for bitcoin. For a currency to be useful it has to have value to the people you have to give money to. Particularly the government.. Having a stack of bitcoins or any currency means nothing if there's no one around you that will accept it as currency.

With plummet in value bitcoin is currently experiencing no one but the desperate, the criminal or the foolish want to buy it, so that means that the value can only go down which makes it even less of a buy.

The simple truth is. Bitcoin is failing as are most cryptos right now because surprise, people have been taking a closer look and realizing that there's no base supporting the thing. A country's currency strength can be weighed against the strength of it's economy and assets. Thus ly a country's currency , barring some calamity, will maintain value.

Bitcoin operates like having a share in a company than produces nothing and owns nothing. It's value has been entirely based on what people can be convinced of.

I think a better example is that crypto's are just the latest pyramid scheme where the only value they have is what you can get other people to give you for them and as time goes on there are fewer buyers willing to jump in and more sellers trying to cash out before they end up stuck on the lowest tier.

[Start_Running]

Автор сообщения: Count_Dandyman

I think a better example is that crypto's are just the latest pyramid scheme where the only value they have is what you can get other people to give you for them and as time goes on there are fewer buyers willing to jump in and more sellers trying to cash out before they end up stuck on the lowest tier.

A MLM scheme is a little different that bitcoin. See they're basically about creating what amounts to captive consumer base.. Each level sells inventory to the level below it. Initially the lowest level feels they can make money selling the product to 'end consumers' then they realize the truth that the profit on those sales is marginal at best so they try to recruit others and a noew base tier formns.

MLM's collapse when they hit the point where there's no one left to create the new lower tier. when everyone a given person knows is already in the tier above, or adjacent to them.

Thing is MLM's do actually have a product of some intrinsic value being sold.

Bitcoin has no actual value. It's more like if you tricked your little bro into believing mobnopoly money was real and got them to do stuff for youy to earn it. This would work, until they tried to spend it and realized the ice cream man doesn't take monopoly money. So you tell them they can use the monopoly money to buy real money from you and only have to pay them a small fee. This might placate them and things would work until the kid realizes that they're essentially doing your chores and getting paid a fraction of what mom and dad pay you.

[Count_Dandyman]

Автор сообщения: Start_Running

Автор сообщения: Count_Dandyman

I think a better example is that crypto's are just the latest pyramid scheme where the only value they have is what you can get other people to give you for them and as time goes on there are fewer buyers willing to jump in and more sellers trying to cash out before they end up stuck on the lowest tier.

A MLM scheme is a little different that bitcoin. See they're basically about creating what amounts to captive consumer base.. Each level sells inventory to the level below it. Initially the lowest level feels they can make money selling the product to 'end consumers' then they realize the truth that the profit on those sales is marginal at best so they try to recruit others and a noew base tier formns.

MLM's collapse when they hit the point where there's no one left to create the new lower tier. when everyone a given person knows is already in the tier above, or adjacent to them.

Thing is MLM's do actually have a product of some intrinsic value being sold.

Bitcoin has no actual value. It's more like if you tricked your little bro into believing mobnopoly money was real and got them to do stuff for youy to earn it. This would work, until they tried to spend it and realized the ice cream man doesn't take monopoly money. So you tell them they can use the monopoly money to buy real money from you and only have to pay them a small fee. This might placate them and things would work until the kid realizes that they're essentially doing your chores and getting paid a fraction of what mom and dad pay you.

I'm fully aware of all that I think you have missed the point that Bitcoin is the inventory people are being convinced they can sell on to others in return for money and that sooner or later it's going to reach the point where nobody is buying.

[Start_Running]

I never miss any---wait divide by 2...carry the one...to the power of pi.... Oh right.
Well I may have over-looked a few minor details....

[Customer Care Specialist]

Автор сообщения: M

the risk using bitcoin as currency was too high, because it can lose value very quick.
pretty sure i wouldn't offer this payment method either, if i had a store.

can't you buy paysafecard or visa / mastercard gift cards in your country?

Автор сообщения: Frazzledragøn the Trustworthy

Bitcoins are a highly unstable currency.
Valve wants security in their purchases. Let's say a large portion of customers did pay in bitcoin for a year and suddenly bitcoin value drops. Blam, just through the floor. Now Valve made millions minus.

Read the damn post, i ♥♥♥♥♥♥♥ said that Bitpay pays out to bank accounts and takes all the risk of price drops on THEM, thats literally their main benefit and why i even suggested it.
So Valve itself wouldnt ever have to deal with any Btc or care about price changes or anything like that themselves, AGAIN, THEY WOULD BE PAID WITH BANK TRANSFER.

There is no risk or downside to Valve AT ALL, only benefit.

[Count_Dandyman]

Автор сообщения: BELUGA

Автор сообщения: M

the risk using bitcoin as currency was too high, because it can lose value very quick.
pretty sure i wouldn't offer this payment method either, if i had a store.

can't you buy paysafecard or visa / mastercard gift cards in your country?

Автор сообщения: Frazzledragøn the Trustworthy

Bitcoins are a highly unstable currency.
Valve wants security in their purchases. Let's say a large portion of customers did pay in bitcoin for a year and suddenly bitcoin value drops. Blam, just through the floor. Now Valve made millions minus.

Read the damn post, i fking said that Bitpay pays out to bank accounts and takes all the risk of price drops on THEM, thats literally their main benefit.
So Valve itself wouldnt have to deal with any Btc or price changes or anything like that themselves, AGAIN, THEY WOULD BE PAID WITH BANK TRANSFER.

There is no risk or downside to Valve AT ALL, only benefit.

If there is no risk or downside why don't you use that to turn your bitcoins into cash and buy wallet cards to redeem?

[999999999]

Автор сообщения: BELUGA

Read the damn post, i ♥♥♥♥♥♥♥ said that Bitpay pays out to bank accounts and takes all the risk of price drops on THEM, thats literally their main benefit.
So Valve itself wouldnt ever have to deal with any Btc or care about price changes or anything like that themselves, AGAIN, THEY WOULD BE PAID WITH BANK TRANSFER.

There is no risk or downside to Valve AT ALL, only benefit.

Valve never directly accepted Bitcoins. It was always through the Bitpay service.

Did you even read the announcement about it?

[cinedine]

Автор сообщения: BELUGA

Its annoying to having to create a new Paypal with fake info for each time i want to buy a game or Steam wallet

It's your decission to act like a criminal and jump through hoops. Why should any company make it easy for you?

[Customer Care Specialist]

Автор сообщения: 999999999

Автор сообщения: BELUGA

Read the damn post, i ♥♥♥♥♥♥♥ said that Bitpay pays out to bank accounts and takes all the risk of price drops on THEM, thats literally their main benefit.
So Valve itself wouldnt ever have to deal with any Btc or care about price changes or anything like that themselves, AGAIN, THEY WOULD BE PAID WITH BANK TRANSFER.

There is no risk or downside to Valve AT ALL, only benefit.

Valve never directly accepted Bitcoins. It was always through the Bitpay service.

Did you even read the announcement about it?

I did when it was new, i know, it was good that way but they didnt even gave any valid reasons why they removed it, was just a bad move discouraging people who use Bitcoin and value their privacy from buying on Steam.

And no price fluctuations is not a reason since again, Bitpay takes that on them.