crypto currency as payment option

[daarhem]

get a plan to add crypto payment to steam, i think that would be a great idea

[Riss]

I can be like most of people here that don't care about crypto payment because we all have banks and credit cards but that's kinda shortsighted.

There is a market for countries where people are unbanked/have cash/don't have the steam cards but have internet.

Plus the visa/mastercard network is not perfect and can be down for some reasons.
My friend tried to buy and his payment with credit card and it was rejected, at least with crypto you don't have to worry about your bank censoring your payment or downtime because miners are always up and can not censor you.

[Start_Running]

Riss の投稿を引用：

I can be like most of people here that don't care about crypto payment because we all have banks and credit cards but that's kinda shortsighted.

That's not the reasoning. The reasoning is that crypto is faaar too volatile and follows no regulatory scrutiny. SImply put. It makes accepting the crypto a risk. If someone offered to pay you with shares of a MLM company, would you accept it? I don't think so.

There is a market for countries where people are unbanked/have cash/don't have the steam cards but have internet.

That's a very odd hypothetical. The only demographic that actually would reasonably fall into that is, well criminals trying to avoid having a paper trail that can be investigated. Outside that very specific groups

Plus the visa/mastercard network is not perfect and can be down for some reasons.

Your access to the internet is more likely to go down than the visa network. They have layers of backups, on top of redundancies, on top of counter measures. Which makes sense since an outage wouuld literally cost them millions of dollars by the minute.

My friend tried to buy and his payment with credit card and it was rejected,

\And it was rejected why? WHat was the error given since that tends to be the case where one tries to spend more than one has, or over one's limit, or when the bank deems the transaction to be suspicious - ie potentially fraudulent due to a stolen card.

at least with crypto you don't have to worry about your bank censoring your payment or downtime because miners are always up and can not censor you.

But your internet and access to such a mining network is a bit of an issue. Plus the timetaken fior these transfers is a good deal slower than a normal bank transaction, and couupled with the volatility of crypto this is a problem.

When Crypto actually starts being and acting like a currency it will be accepted as payment. As it is they mostly operate like stocks in questionable companies of dubious ethical practices. Oddly I suspect that when the approriate regulations kick ibn, crypto will be considerably less appealing to those who champion it.

[Lu7ky has a veiny eggplant]

So how many places accept Crypto in the world officially and how many as a primary currency? I have yet to see any use for it, just because you or someone else invested into this possibly hard to get rid of virtual currency is not our problem.
As for MC / Visa being down, if its down, slow etc its likely not just 1 country and if it is I would like to see a case where its the whole of a country and not just something the individual did like buy some massive collection of something out of the ordinary or out of their own budget.

[Start_Running]

When an outage costs the equivalent of your annual salarty every minute, you make sure they don't happen.

[Lu7ky has a veiny eggplant]

Start_Running の投稿を引用：

When an outage costs the equivalent of your annual salarty every minute, you make sure they don't happen.

so those people rely so heavily on bitcoin to keep their income? do those people not work?

[Start_Running]

Lu7ky の投稿を引用：

Start_Running の投稿を引用：

When an outage costs the equivalent of your annual salarty every minute, you make sure they don't happen.

so those people rely so heavily on bitcoin to keep their income? do those people not work?

About as much as the people who accept goats and chickens as payment. Yes ;-)

[Lu7ky has a veiny eggplant]

Start_Running の投稿を引用：

Lu7ky の投稿を引用：

so those people rely so heavily on bitcoin to keep their income? do those people not work?

About as much as the people who accept goats and chickens as payment. Yes ;-)

thats not much for an answer, so countries that have no access to MC/Visa/PP in a proper manner work super hard and get their annual salary every minute in bit coin? are these the same people trading in livestock?

[Start_Running]

Lu7ky の投稿を引用：

Start_Running の投稿を引用：

About as much as the people who accept goats and chickens as payment. Yes ;-)

thats not much for an answer, so countries that have no access to MC/Visa/PP in a proper manner work super hard and get their annual salary every minute in bit coin? are these the same people trading in livestock?

They're the same as in they're trying to pay for things with something that isn't actually a currency. The same argument you made could be made by a goat herder or chicken farmer.

There's STeam, cards, as well. Unless you're telling me you're in some hypothetical country where you have the sort of internet connection that can make crypto meaningful , but lacks the banking infrastructure to support one of the many, many payment providers that do actually work with STeam and doesn't have a store where by you can buy a steam card.

If you live in such a place maybe find an online retailer that sells steam wallet cards and accepts crypto. That should solve ye problem...and if you can't find one of those.. that sorta shows the weakbness of crypto.

[Mad Scientist]

Lu7ky の投稿を引用：

Start_Running の投稿を引用：

About as much as the people who accept goats and chickens as payment. Yes ;-)

thats not much for an answer, so countries that have no access to MC/Visa/PP in a proper manner work super hard and get their annual salary every minute in bit coin? are these the same people trading in livestock?

I highly doubt mining bitcoin for a minute would get you an annual salary in another country. And even if it was possible, the electric bill would far likely exceed their ability to pay, let alone the hardware that would be required. BC generation is extremely slow, the difficulty just increases, so that's extremely wishful thinking you have.

[Start_Running]

Mr. Gentlebot の投稿を引用：

Lu7ky の投稿を引用：

thats not much for an answer, so countries that have no access to MC/Visa/PP in a proper manner work super hard and get their annual salary every minute in bit coin? are these the same people trading in livestock?

I highly doubt mining bitcoin for a minute would get you an annual salary in another country. And even if it was possible, the electric bill would far likely exceed their ability to pay, let alone the hardware that would be required. BC generation is extremely slow, the difficulty just increases, so that's extremely wishful thinking you have.

To be fair. That would depend on what Mr. Hyperloop tweeted before breakfast that morning.

[𒐪⎝ Epylector ⎠𒐪]

I still want to spend my cryptocurrency on Steam games. Does Steam doubt they would make money off of me giving them my money? Does Steam not like diversifying its income sources? Do Steam coders lack the ability to implement this method of gaining money? Am I to believe the costs would outweigh the benefits of making more money via cryptocurrency acceptance?

I know Steam innovates in its own ways but, this is rather lethargic and backwards of them to simply avoid money because it's too new. This will weigh them down more and more as they continue to ignore the progressively growing audience of people who spend cryptocurrency.

[Nx Machina]

EpycWyn の投稿を引用：

I still want to spend my cryptocurrency on Steam games. Does Steam doubt they would make money off of me giving them my money? Does Steam not like diversifying its income sources? Do Steam coders lack the ability to implement this method of gaining money? Am I to believe the costs would outweigh the benefits of making more money via cryptocurrency acceptance?

I know Steam innovates in its own ways but, this is rather lethargic and backwards of them to simply avoid money because it's too new. This will weigh them down more and more as they continue to ignore the progressively growing audience of people who spend cryptocurrency.

They tried cryptocurrency and it failed.

Developers, publishers and Valve want actual money to fill the coffers.

You can always pay the fees and convert your PLAY money whilst saving the planet by not cryptomining.

[Start_Running]

EpycWyn の投稿を引用：

I still want to spend my cryptocurrency on Steam games. Does Steam doubt they would make money off of me giving them my money?

They tried it alreadty so its not a matrter of doubt. They have outright confirmed it is not worth the hassle. As saiid. People can just buy reall currency with their magic money and buy stuff then.

Does Steam not like diversifying its income sources?

Of course they do, but as said, they aren't going to start acceopting cows and chickens as payment options either.
Do Steam coders lack the ability to implement this method of gaining money? Am I to believe the costs would outweigh the benefits of making more money via cryptocurrency acceptance?

I know Steam innovates in its own ways but, this is rather lethargic and backwards of them to simply avoid money because it's too new.

Not new. And its not actually money. No more than a stock share or a sack of beans.
When it actually becomes a properly regulated currency it will be accepted. Until then...nope.

This will weigh them down more and more as they continue to ignore the progressively growing audience of people who spend cryptocurrency.

Anmd those people can simply exchange their magic money for real money and spend the real money. That it seems to be such a difficult proposition sorta indicates why STeam doesn't accept it.

[Judgmental Amaterasu]

Start_Running の投稿を引用：

EpycWyn の投稿を引用：

I still want to spend my cryptocurrency on Steam games. Does Steam doubt they would make money off of me giving them my money?

They tried it alreadty so its not a matrter of doubt. They have outright confirmed it is not worth the hassle. As saiid. People can just buy reall currency with their magic money and buy stuff then.

Does Steam not like diversifying its income sources?

Of course they do, but as said, they aren't going to start acceopting cows and chickens as payment options either.
Do Steam coders lack the ability to implement this method of gaining money? Am I to believe the costs would outweigh the benefits of making more money via cryptocurrency acceptance?

I know Steam innovates in its own ways but, this is rather lethargic and backwards of them to simply avoid money because it's too new.

Not new. And its not actually money. No more than a stock share or a sack of beans.
When it actually becomes a properly regulated currency it will be accepted. Until then...nope.

This will weigh them down more and more as they continue to ignore the progressively growing audience of people who spend cryptocurrency.

Anmd those people can simply exchange their magic money for real money and spend the real money. That it seems to be such a difficult proposition sorta indicates why STeam doesn't accept it.

Naw they just expect everyone else to figure out the actual logistics of turning their pixel coins into usable currency.

[The End]

EpycWyn の投稿を引用：

I still want to spend my cryptocurrency on Steam games.

Transfere them to paypal and use paypal on Steam, problem solved.