Should STEAM Accept Shiba Inu Crypto as currency?

[Mayhem]

I think Steam needs to accept Shiba Inu coin as payment! It would be awesome to buy games with Shib!!

[76561198407601200]

Mayhem님이 먼저 게시:

Cash is a dead & de valued system anymore? Crypto & Digital currency is the future

Yes, the far far future. In fact it is so much into the future that valve will likely not use it until crypto currency actually holds some value and at the moment it holds no value.

[Mailer]

ReBoot님이 먼저 게시:

Crypto currencies have long failed as actual currencies. Speculation goods? Sure. But not for actual payments.

Well technically El Salvador is still going balls to the wall on adopting cryptocurrency as far as I know. Not that it really means very much since El Salvador is corrupt to the core with god knows what passes for money over there in Central America (guns, drugs, violence, etc.).

[Nx Machina]

Mayhem님이 먼저 게시:

Cash is a dead & de valued system anymore? Crypto & Digital currency is the future

Crypto? not on Steam or local supermarkets, PC component stores etc in the UK.

Digital currency already exists in the form of debit, credit cards.

Cash is accepted for the exchange of physical goods after all you do not turn a customer away who going to put revenue into the till. Crypto on the other hand results in the manager shaking your hand and thanking you for giving the staff a good laugh, or a member of staff passing you a tissue because they thought you had sneezed, they also give you a tissue as you weep on your way out of the store with no goods.

[Aachen]

Mailer님이 먼저 게시:

Well technically El Salvador is still going balls to the wall on adopting cryptocurrency as far as I know ....

The government may be — the citizenry .... not so excited.

Bukele’s chosen crony companies may do well, though.

[Brian9824]

Mayhem님이 먼저 게시:

Cash is a dead & de valued system anymore? Crypto & Digital currency is the future

99.99% of businesses disagree with you. If it ever becomes the future then they will accept it, for now its a pipe dream ripe with volatility.

[Yasahi]

Mailer님이 먼저 게시:

Well technically El Salvador is still going balls to the wall on adopting cryptocurrency as far as I know. Not that it really means very much since El Salvador is corrupt to the core with god knows what passes for money over there in Central America (guns, drugs, violence, etc.).

It's quite a daring venture considering how volatile cryptocurrencies are. The latest news from India is just one example of nations adding regulation that might kill off certain cryptos overnight.

IMF has been warning El Salvador about it too. It'll be interesting to see what happens in the future.

[Judgmental Amaterasu]

No. Its your own fault for buying into something that you're just now realizing has no actual application.

[Quint the Alligator Snapper]

SpunkyJones님이 먼저 게시:

Why would they? Cash in and use real money.

This.

Shiba inus are cute.

But the hell with crypto.

[[N]ebsun]

The way it is likely to work is that a payment processor will accept the crypto as payment, then pay the required currency to the vendor - like how Visa and PayPal work with accepting certain crypto.

https://usa.visa.com/solutions/crypto.html
https://www.theverge.com/2021/3/30/22357246/paypal-buy-with-bitcoin-litecoin-ethereum-crypto-checkout


eg: You pay SHIB or whatever crypto to visa, who then settles the payments in USD to Steam, and you get the game.

[JVC]

brian9824님이 먼저 게시:

Mayhem님이 먼저 게시:

Cash is a dead & de valued system anymore? Crypto & Digital currency is the future

99.99% of businesses disagree with you. If it ever becomes the future then they will accept it, for now its a pipe dream ripe with volatility.

Nope. Since it fails the key benefit of a government issued currency - predictability. Unless your government is behaving like Zimbabwe, the value of a US dollar, British pound, Japanese yen, euro or something similar will be roughly predictable in terms of value. It can increase or decrease, sure, but it will never be a situation where it might lose half its value within a short while.

No sane company will turn its more or less predictable stream of revenue into a lottery ticket. Whenever that lottery ticket doesn't pay out, your company can't pay its bills and it will have to file for bankruptcy.

Crypto is just the latest in a very long stream of ponzi schemes. Only the first guys profit, the rest get robbed.

[Zekiran]

Mayhem님이 먼저 게시:

Cash is a dead & de valued system anymore? Crypto & Digital currency is the future

I'd love to see your expression when you are "paid" in crypto vapor money and your landlord demands actual cash.

[Brian9824]

JVC님이 먼저 게시:

brian9824님이 먼저 게시:

99.99% of businesses disagree with you. If it ever becomes the future then they will accept it, for now its a pipe dream ripe with volatility.

Nope. Since it fails the key benefit of a government issued currency - predictability. Unless your government is behaving like Zimbabwe, the value of a US dollar, British pound, Japanese yen, euro or something similar will be roughly predictable in terms of value. It can increase or decrease, sure, but it will never be a situation where it might lose half its value within a short while.

No sane company will turn its more or less predictable stream of revenue into a lottery ticket. Whenever that lottery ticket doesn't pay out, your company can't pay its bills and it will have to file for bankruptcy.

Crypto is just the latest in a very long stream of ponzi schemes. Only the first guys profit, the rest get robbed.

Missed the question mark, meant to disagree thinking he was saying crypto was the future and cash was dead

[nullable]

Mayhem님이 먼저 게시:

Cash is a dead & de valued system anymore? Crypto & Digital currency is the future

Maybe Crypto is the future. But the future isn't here yet. And Valve isn't missing out by not adopting something first. Call us up when Amazon and Wal*Mart accept it. In the meantime the claim that cash is dead is a few minute premature. It's the thing all major retailers are still using predominately.

[Walach]

And here I am having not a single scooby why crypto money has any worth what so ever.
But then again, maybe I don't know why my money in the bank is worth anything either! :P

[Quint the Alligator Snapper]

Walach님이 먼저 게시:

And here I am having not a single scooby why crypto money has any worth what so ever.
But then again, maybe I don't know why my money in the bank is worth anything either! :P

Well, I can take my money out of the bank and do stuff with it. If it's in the bank, I know how much it's worth, and I know how much I need to budget for what. It's stable and reliable enough for me to do stuff like buy games online with my credit card and then make sure I have money in the bank to pay it at the end of the month.