Bring back the Crypto payments :: Steam Discussions

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Forge99 27 Jul @ 2:35am

Bring back the Crypto payments

Back in 2017, Steam supported Bitcoin payments - unfortunately the transaction costs went up to tens, and then to hundreds of dollars resulting in failure.

The crypto ecosystem today is different - Ethereum alone has extensions allowing for ~600tps (compared to 7 TPS offered by BTC in 2017), there's also a wide variety independent blockchains each with their own separate capacity.

In the wake of Visa and Mastecard censorship, Valve should consider introducing crypto payments again - as these systems reach far greater maturity and guarantee to work impartially without interfering in Valves business

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Showing 1-14 of 14 comments

eram 27 Jul @ 2:40am

over half of all the transactions were scammers, it wont come back

Forge99 27 Jul @ 2:43am

Originally posted by eram:
over half of all the transactions were scammers, it wont come back

Source?

eram 27 Jul @ 2:44am

Originally posted by Forge99:
Originally posted by eram:
over half of all the transactions were scammers, it wont come back
Source?

steam

Draug 27 Jul @ 2:52am

Originally posted by Forge99:
Originally posted by eram:
over half of all the transactions were scammers, it wont come back
Source?

One article of many on the subject. I am unable to find the origional source.

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

C²C^Guyver |NZB| 27 Jul @ 2:57am

This has already been suggested in a half a dozen other threads. Gabe Newell himself said that 50% of the transactions for Bitcoin were fraudulent when the currency was on the platform.

I don't really see them taking a chance on another form of crypto and you shouldn't either.

Malamasala 27 Jul @ 3:09am

Originally posted by C²C^Guyver |NZB|:
This has already been suggested in a half a dozen other threads. Gabe Newell himself said that 50% of the transactions for Bitcoin were fraudulent when the currency was on the platform.

I don't really see them taking a chance on another form of crypto and you shouldn't either.

I think payment processors said 10% of all adult purchases were refunded as well. So it is nice that Gabe accepts that loss at least.

thunder 27 Jul @ 6:48am

Originally posted by Forge99:
Back in 2017, Steam supported Bitcoin payments - unfortunately the transaction costs went up to tens, and then to hundreds of dollars resulting in failure.

The crypto ecosystem today is different - Ethereum alone has extensions allowing for ~600tps (compared to 7 TPS offered by BTC in 2017), there's also a wide variety independent blockchains each with their own separate capacity.

In the wake of Visa and Mastecard censorship, Valve should consider introducing crypto payments again - as these systems reach far greater maturity and guarantee to work impartially without interfering in Valves business

lol, use real money

BJWyler 27 Jul @ 6:54am

Originally posted by Forge99:
Back in 2017, Steam supported Bitcoin payments - unfortunately the transaction costs went up to tens, and then to hundreds of dollars resulting in failure.

The crypto ecosystem today is different - Ethereum alone has extensions allowing for ~600tps (compared to 7 TPS offered by BTC in 2017), there's also a wide variety independent blockchains each with their own separate capacity.

In the wake of Visa and Mastecard censorship, Valve should consider introducing crypto payments again - as these systems reach far greater maturity and guarantee to work impartially without interfering in Valves business

Sorry bub, but cryptoscam is cryptoscam and always will be without proper oversight and regulation. So all the techbros coming out of the woodwork can take their Monopoly money and head back to mommy's basement.

cSg|mc-Hotsauce 27 Jul @ 8:25am

Originally posted by Draug:
Originally posted by Forge99:
Source?

One article of many on the subject. I am unable to find the origional source.

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

The article is the source as it was the interview they had with GabeN.

thunder 27 Jul @ 10:23am

nah just nothing as in every currency its the creator who wins ;)

#10

MrVibes 27 Jul @ 10:32am

people use online banking to scam therefore online banking is a scam!
the only crypto i know are ♥♥♥♥♥♥♥♥♥, there cant possibly be any places where people actually use crypto to pay for stuff!

#11

Forge99 28 Jul @ 10:36pm

Originally posted by MrVibes:
people use online banking to scam therefore online banking is a scam!
the only crypto i know are ♥♥♥♥♥♥♥♥♥, there cant possibly be any places where people actually use crypto to pay for stuff!

Basically every single VPN provider offers crypto payment option. If VPNs can do it, then Steam can do it as well

#12

Doctor Zalgo 29 Jul @ 1:11am

Originally posted by Forge99:
Originally posted by MrVibes:
people use online banking to scam therefore online banking is a scam!
the only crypto i know are ♥♥♥♥♥♥♥♥♥, there cant possibly be any places where people actually use crypto to pay for stuff!

Basically every single VPN provider offers crypto payment option. If VPNs can do it, then Steam can do it as well

Even if they do, they still won't be able to sell those types of games without losing access to Visa and Mastercard. VPNs don't exclusively take cryptocoins, do they?

Jesus, I wouldn't use a VPN that exclusively takes crypto, who the ♥♥♥♥ knows what they're doing with my data.

#13