NO, Valve / Steam is NOT a Bank.

Originally posted by Sagara Sousuke:

This would avoid payment processors controlling the content of Steam.

Valve are not going to replace credit cards with a form of currency the majority of the world's population is not going to touch.

Originally posted by pckirk:

NO, Valve / Steam is NOT a Bank.

His name is Gaben, not Gaddafi

Originally posted by Sagara Sousuke:

For people that don't know. Stable coins are "crypto" regulated and always pegged to the U.S Dollar. So they will always be valued at $1 Dollar

This would avoid payment processors controlling the content of Steam.

Go back and research news articles. Gabe Newell has already said numerous times that he is not going to support crypto on this platform.

And it's not going to bring the games back to Steam because Valve will not get rid of the current payment processors.

Here it is, Valve's own statement;

https://steamhost.cn/steamcommunity_com/games/593110/announcements/detail/1464096684955433613

"stable coin" sounds like a euphemism for equestrian waste

The payment processors will simply go after all of Valve's suppliers if Valve refuses to play ball.

What we need are actual anti-trust laws against these cartels, and not bandage solutions to get around their behavior.

Originally posted by C²C^Guyver |NZB|:

Here it is, Valve's own statement;

https://steamhost.cn/steamcommunity_com/games/593110/announcements/detail/1464096684955433613

And GabeN's own words in an interview...

https://www.pcgamer.com/50-of-transactions-were-fraudulent-when-steam-accepted-bitcoin-for-payments-says-gabe-newell/

Originally posted by cSg|mc-Hotsauce:

And GabeN's own words in an interview...

https://www.pcgamer.com/50-of-transactions-were-fraudulent-when-steam-accepted-bitcoin-for-payments-says-gabe-newell/

That is, uhm, entertaining. I'm baffled. Not sure if surprised but if reality bypasses any cynicism, it is quite something.

Yeah I mean who wants 50% of your transactions being fraudulent? Nobody.

Stablecoin is a misnomer. It's not stable, at all. They claim to be backed at a certain limit, but not a single one has been able to remain so, getting "de-pegged" to lower values repeatedly since no true backing or reserves.

It's no better than any other cryptocurrency, it's just as useless as well.

Anything to get the banks and payment processors to lose their power here.

Originally posted by tnu:

Anything to get the banks and payment processors to lose their power here.

It ain't going to be this, because Valve won't touch it.

you have steam wallet and steam item already