I wonder if this will just make them return bitcoin as an option to pay. It’s been 8 years since they dropped it and it has fewer large fluctuations now, it seems.
There are better cryptocurrency options to Bitcoin now, including stabletokens that are specifically designed for this purpose. Hopefully they go to one of those instead.
Because the “have fun being poor (as I gamble my life savings on a website with pump and dump basically in the name)” crowd outnumbers and is much louder than the “I am using this decentralized currency because authoritarians will inevitably strangle anything with a single point of control” crowd.
Branding and public image is a large part of currency circulation, as far as I’m aware. My first impression and instinctual thoughts on cryptocurrencies as a whole are vehicles for money-laundering and general fraud, even if there are examples to the contrary.
Same reason why the Russian ruble or the Chinese Yuan aren’t generally used as foreign reserve currencies for the majority of nations - too volatile, and histories of manipulation.
I was gifted crypto from two crypto projects for my (crypto-unrelated) open source work. It was a baffling hassle to pay out. Over multiple conversions and significant gas fees and waiting for hours for a transaction and having to juggle wallets and exchange platform service… yeah. From my experience, cryptocurrencies are not feasible for normal, regular payments.
There’s no better payment infrastructure for USDT than for €. It adds additional concerns and technical complexities.
It still fluctuates a lot. If they were going to accept bitcoin I as a game developer would want them to get it into something a bit harder almost instantly. I don’t want it staying in bitcoin here it can lose its value, for no reason at all, at the drop of a hat. Under the current system steam tend to hold on to money until the end of the month and then pay you, that wouldn’t work with bitcoin.
I wonder if this will just make them return bitcoin as an option to pay. It’s been 8 years since they dropped it and it has fewer large fluctuations now, it seems.
106 to 76 to 120 in the last four months is not large fluctuation? 30 % variance is quite high to me.
There are better cryptocurrency options to Bitcoin now, including stabletokens that are specifically designed for this purpose. Hopefully they go to one of those instead.
I don’t understand why people first think of memecoins when there are a few stablecoins like USDT or USDC?
Because the “have fun being poor (as I gamble my life savings on a website with pump and dump basically in the name)” crowd outnumbers and is much louder than the “I am using this decentralized currency because authoritarians will inevitably strangle anything with a single point of control” crowd.
Branding and public image is a large part of currency circulation, as far as I’m aware. My first impression and instinctual thoughts on cryptocurrencies as a whole are vehicles for money-laundering and general fraud, even if there are examples to the contrary.
Same reason why the Russian ruble or the Chinese Yuan aren’t generally used as foreign reserve currencies for the majority of nations - too volatile, and histories of manipulation.
isn’t USDT tether, which is completely unbacked?
it’s also not always easy to buy those. nobody wants to use cryptocurrency unless it is easy to get cryptocurrency
I was gifted crypto from two crypto projects for my (crypto-unrelated) open source work. It was a baffling hassle to pay out. Over multiple conversions and significant gas fees and waiting for hours for a transaction and having to juggle wallets and exchange platform service… yeah. From my experience, cryptocurrencies are not feasible for normal, regular payments.
There’s no better payment infrastructure for USDT than for €. It adds additional concerns and technical complexities.
Yeah it’s an enormous pain in the ass. I don’t bother anymore
It still fluctuates a lot. If they were going to accept bitcoin I as a game developer would want them to get it into something a bit harder almost instantly. I don’t want it staying in bitcoin here it can lose its value, for no reason at all, at the drop of a hat. Under the current system steam tend to hold on to money until the end of the month and then pay you, that wouldn’t work with bitcoin.
Bitcoin cash maybe as it’s not limited to a small block size, but as others have said, there are probably better options out there now.
BCH has been dead for years (even if it doesn’t know if yet)