crypto currency as payment option

[daarhem]

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

[Chocolate Pie Kitten]

Crypto at 99% are used by criminals and mafias.
Only times i was proposed to pay something in crypto it was for some scam hacks of my emails and datas.

[Mad Scientist]

โพสต์ดั้งเดิมโดย Start_Running:

โพสต์ดั้งเดิมโดย Mr. Gentlebot:

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.

I like to call him mr stolen ideas. even the self landing rocket was done many decades before him.

โพสต์ดั้งเดิมโดย EpycWyn:

I still want to spend my cryptocurrency on Steam games.

What you want does not mean it's something positive for valve, devs, publishers or consumers. Everything about your posts is about what you want no matter how detrimental it is or counter productive it is.
Someone already told you to sell into paypal, and use paypal on steam. Problem solved.

โพสต์ดั้งเดิมโดย EpycWyn:

Does Steam doubt they would make money off of me giving them my money?

How volatile it is would lead to the fact the value could drop directly after receiving some, which means all parties involved would be at a loss.

โพสต์ดั้งเดิมโดย EpycWyn:

Does Steam not like diversifying its income sources?

This question is only asked because they're not accepting the payment that you want to use which is in bad faith, as anyone making purchases on Steam sees the many options available to make a purchase.

โพสต์ดั้งเดิมโดย EpycWyn:

Do Steam coders lack the ability to implement this method of gaining money?

The fallacy of "they wont do what I want to they musn't be good at coding"

โพสต์ดั้งเดิมโดย EpycWyn:

Am I to believe the costs would outweigh the benefits of making more money via cryptocurrency acceptance?

The fines/fees already make whatever you want to purchase very expensive, which means you're at a huge per-transaction loss, of which such fees/fines do not benefit steam or the devs.

โพสต์ดั้งเดิมโดย EpycWyn:

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.

"innovates in its own way" being logical to ensuring its business survives and people can't game the system/abuse systems to benefit from a volatile currency? Being 'too new' is exactly why businesses would be wise to avoid something especially when there's fees involved with using such, and the volatility of such.

โพสต์ดั้งเดิมโดย EpycWyn:

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

You're painting a false story out of again, what you want in order to attempt pushing them via fear into accepting something that is illogical to accept especially in an environment where everything is per-transaction based, so in order to offset the fines/fees to pay each involved parties, the desired game/app cost for crypto would have to be much higher than you'd want to pay with, which would make physical currency far more valuable than crypto for purchasing and paying involved parties.

[eram]

remember its not a currency, apart from El Salvador passed a resolution to make Bitcoin legal currency.. but other than an entire country making it legal tender its not legal tender.

crypto as payments for everyday stuff like a game on steam is dumb but people saying its not a currency when an entire country says it is is also silly.

[Aachen]

โพสต์ดั้งเดิมโดย eram:

remember its not a currency, apart from El Salvador passed a resolution to make Bitcoin legal currency.. but other than an entire country making it legal tender its not legal tender ....

Yeah, it’s probably not sensible policy[davidgerard.co.uk] that will have a lasting impact.

[eram]

really bad idea for sure and they are ruled by literal scammers but its legal tender.

[Nx Machina]

โพสต์ดั้งเดิมโดย eram:

remember its not a currency, apart from El Salvador passed a resolution to make Bitcoin legal currency.. but other than an entire country making it legal tender its not legal tender.

crypto as payments for everyday stuff like a game on steam is dumb but people saying its not a currency when an entire country says it is is also silly.

Crypto is an asset not a currency and the reason is due volatility as its value swings wildly and is not stable.

Currencies are generally stable but can depreciate over time yet can be manipulated to counter negativity and why central banks can prop up the economy.

[eram]

โพสต์ดั้งเดิมโดย Nx Machina:

โพสต์ดั้งเดิมโดย eram:

remember its not a currency, apart from El Salvador passed a resolution to make Bitcoin legal currency.. but other than an entire country making it legal tender its not legal tender.

crypto as payments for everyday stuff like a game on steam is dumb but people saying its not a currency when an entire country says it is is also silly.

Crypto is an asset not a currency and the reason is due volatility as its value swings wildly and is not stable.

Currencies are generally stable but can depreciate over time yet can be manipulated to counter negativity and why central banks can prop up the economy.

when an entire country classes it as legal tender what you think or say means nothing.

[Radene]

Steam should take PotatoCoin(TM), it is backed by actual sacks of potatoes. In fact, forget the Coin, Steam should directly take the sacks. Standardized to 5 kilograms of potato each, of course.

[eram]

โพสต์ดั้งเดิมโดย Radene:

Steam should take PotatoCoin(TM), it is backed by actual sacks of potatoes. In fact, forget the Coin, Steam should directly take the sacks. Standardized to 5 kilograms of potato each, of course.

swap potatoes with steam. 1 bag of steam = 1 game

[TheFilthyMongol]

You can buy steam gift cards with crypto. Check out https://www.bitrefill.com/

[cSg|mc-Hotsauce]

โพสต์ดั้งเดิมโดย TheFilthyMongol:

You can buy steam gift cards with crypto. Check out https://www.bitrefill.com/

They are still not in a partnership with Valve. That is basically a 3rd party reseller.

[Nx Machina]

โพสต์ดั้งเดิมโดย eram:

when an entire country classes it as legal tender what you think or say means nothing.

It wasn't what I thought, it was taken from Forbes, the FT and other articles and I agree with their assessment of it been classified, as an "asset" not a currency.

This is a discussion forum where other opinions can be expressed. Do you not agree with that as a former moderator?

As El Salavador is not a global financial power I will take their decision with a grain of salt.

[Walach]

I wonder how many people see this thing as an investment? For me it just screams "I will buy cheap and sell high when the time is right". And then the ones buying early will be able to sell to the later people who will not find anywhere themselves to sell their currency.

And then here we are. :(
But I might just be seeing it as something it isn't.

[𒐪⎝ Epylector ⎠𒐪]

โพสต์ดั้งเดิมโดย Walach:

I wonder how many people see this thing as an investment? For me it just screams "I will buy cheap and sell high when the time is right". And then the ones buying early will be able to sell to the later people who will not find anywhere themselves to sell their currency.

And then here we are. :(
But I might just be seeing it as something it isn't.

I own money in order to save and spend it. Money is money. I don't need some ♥♥♥♥♥♥ government-backed printer to tell me so. If my money also has the added bonus of increasing in value over time as it becomes more popular, that is just a nice bonus. My preferred money, is money that is mine. I want quick easy transactions and transfers of money regardless of where I live -only cryptocurrency makes that possible without me having to pay extra for some crappy overly controlling bank that tracks my social security number.

Honestly, it is completely unethical to reinforce the current US dollar and similar printed money, without allowing for alternatives such as crypto to be used. You are essentially signalling to your customers that you don't care about privacy, about ownership, about efficiency, about trustworthiness -you only care what's an obvious popular part of the current status quo. Steam disappoints me substantially in this regard.

[Yzal]

โพสต์ดั้งเดิมโดย EpycWyn:

โพสต์ดั้งเดิมโดย Walach:

I wonder how many people see this thing as an investment? For me it just screams "I will buy cheap and sell high when the time is right". And then the ones buying early will be able to sell to the later people who will not find anywhere themselves to sell their currency.

And then here we are. :(
But I might just be seeing it as something it isn't.

I own money in order to save and spend it. Money is money. I don't need some ♥♥♥♥♥♥ government-backed printer to tell me so. If my money also has the added bonus of increasing in value over time as it becomes more popular, that is just a nice bonus. My preferred money, is money that is mine. I want quick easy transactions and transfers of money regardless of where I live -only cryptocurrency makes that possible without me having to pay extra for some crappy overly controlling bank that tracks my social security number.

Honestly, it is completely unethical to reinforce the current US dollar and similar printed money, without allowing for alternatives such as crypto to be used. You are essentially signalling to your customers that you don't care about privacy, about ownership, about efficiency, about trustworthiness -you only care what's an obvious popular part of the current status quo. Steam disappoints me substantially in this regard.

CRYPTO IS NOT MONEY; IT'S AN ASSET. Can i buy a Steam game with potatoes? no because they're not money. But i can sell the potatoes for money.