Steam used to accept Bitcoin payments and now they do not. Why?

Steam used to accept Bitcoin payments and now they do not.

Why?

  1. 2 months ago
    Anonymous

    It's a pyramid scheme.

    • 2 months ago
      Anonymous

      There's no referral system at all in Bitcoin. That doesn't even make sense.

      • 2 months ago
        Anonymous

        word of mouth

        • 2 months ago
          Anonymous

          So people verbally telling people about something makes it a pyramid scheme?

  2. 2 months ago
    Anonymous

    You can answer this with a google search. They deemed it completely impractical because of volatility, long transaction times, and high transaction costs.

    • 2 months ago
      Anonymous

      If transaction costs weren't so bad they could probably beat whatever Visa and Mastercard are charging.

      • 2 months ago
        Anonymous

        >if transaction costs were lower than with other thing then they'd be lower

        • 2 months ago
          Anonymous

          The transaction fees only really spiked after they started hitting full blocks in 2017, which is when Steam dropped them IIRC. You used to be able to do transactions for less than a penny.

  3. 2 months ago
    Anonymous

    >transaction cost
    Why is this even a thing? You are literally pushing some bits and bytes around, not sending a fucking truck loaded with cash (that would probably be cheaper still).
    I don't pay some fee to my bank when using giro pay.

    • 2 months ago
      Anonymous

      That's where the scam comes in. Imagine being charged everytime you used real money.

      • 2 months ago
        Anonymous

        >Imagine being charged everytime you used real money.
        Every payment processor on the entire planet charges to use "real money". Do you think they're operated as a charity?

      • 2 months ago
        Anonymous

        You are, that's called VAT

    • 2 months ago
      Anonymous

      >I don't pay some fee to my bank when using giro pay.
      ?

      https://en.wikipedia.org/wiki/Giropay#Costs

      • 2 months ago
        Anonymous

        Must depend on account status type then cause it's not reflected in my balance. I only use it for steam though.

        • 2 months ago
          Anonymous

          >Must depend on account status type then cause it's not reflected in my balance.
          It's paid on the merchant-side of sales, that's why you don't see a special additional fee if you use Visa or Mastercard either (unless the merchant specifically includes it in your bill as an itemized charge). Unironically, how do you think these things work?

    • 2 months ago
      Anonymous

      >Why is this even a thing? You are literally pushing some bits and bytes around, not sending a fucking truck loaded with cash
      You're paying for the chink with a warehouse full of GPUs, that's competing with a bunch of other chinks with warehouses full of GPUs, to solve a cryptographic puzzle that's literally designed to slow the network down.
      >I don't pay some fee to my bank when using giro pay.
      You pay a fee, but banks and retailers just eat the cost of transactions, because it's miniscule and financial institutions work really hard to make it even lower.

  4. 2 months ago
    Anonymous

    because half of it was tainted and they couldn't cash out

  5. 2 months ago
    Anonymous

    I remember retards here celebrating when this happened

  6. 2 months ago
    Anonymous

    your meme currencies aren´t real money and can´t put food on the table.

    • 2 months ago
      Anonymous

      Wrong.

  7. 2 months ago
    Anonymous

    >paying for games in 2022
    Found your problem

  8. 2 months ago
    Anonymous

    Gay Ben Newell is a fat garden gnome

  9. 2 months ago
    Anonymous

    Because bitcoin is a meme currency

    • 2 months ago
      Anonymous

      You had 15 years.

  10. 2 months ago
    Anonymous

    >Accept BTC
    >Cost goes down
    >Vidya companies accept only USD
    >Valve suck cock
    >Why they don't want it?

  11. 2 months ago
    Anonymous

    They did? Didn't notice that. And the don't anymore because it's just plainly a scam and they realized it.

    • 2 months ago
      Anonymous

      >plainly a scam

  12. 2 months ago
    Anonymous

    >adjusted for inflation
    Fuck off, the original still holds true

    • 2 months ago
      Anonymous

      This. The saying isn't "never pay xx.xx for a computer game" it's fucking "never pay more than 20 bucks for a computer game"

      OP may be gay, but twenty bucks is twenty bucks.

  13. 2 months ago
    Anonymous

    Half the transactions were fraudulent.

  14. 2 months ago
    Anonymous

    Because for every person legitimately trying to be their own bank there were 30 disgusting ESL subhumans trying to scam people and wash their bitcoin through steam

  15. 2 months ago
    Anonymous

    because it's a right-wing scam

    • 2 months ago
      Anonymous
      • 2 months ago
        Anonymous

        Boobies

  16. 2 months ago
    Anonymous

    Volatile currency sucks for transactions.

  17. 2 months ago
    Anonymous

    https://fineleatherjackets.net/monkeyinflation

  18. 2 months ago
    Anonymous

    The government put an ultimatum

    • 2 months ago
      Anonymous

      WTF

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