Current Events > Steam no longer accepting Bitcoin as payment due to scalability issues

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FLUFFYGERM 12/06/17 5:58:41 PM #1:	https://mobile.twitter.com/SteamDB/status/938459631449493504 The beginning of the end for crypto. @clearaflagrantj @Krojen Scalability about to tear Bitcoin a new ass hole just like I predicted. Sell while it's high! --- but Marxist theory is extremely consistent, both internally and with reality. -averagejeol <cite>FLUFFYGERM posted [p:891714840] in Steam no l... [t:76069524]...</cite> <quote>https://mobile.twitter.com/SteamDB/status/938459631449493504 The beginning of the end for crypto. @clearaflagrantj @Krojen Scalability about to tear Bitcoin a new ass hole just like I predicted. Sell while it's high!</quote> ... Copied to Clipboard!
Cookie Bag 12/06/17 5:59:49 PM #2:	https://steamcommunity.com/games/593110/announcements/detail/1464096684955433613 Could've linked the actual announcement in case people start calling bullshit on that twitter. How did they not see this would be a problem? --- http://i.imgur.com/vsi41Lp.jpg <cite>Cookie Bag posted [p:891714910] in Steam no l... [t:76069524]...</cite> <quote>https://steamcommunity.com/games/593110/announcements/detail/1464096684955433613 Could've linked the actual announcement in case people start calling bullshit on that twitter. How did they not see this would be a problem?</quote> ... Copied to Clipboard!
FLUFFYGERM 12/06/17 6:18:07 PM #3:	bump --- but Marxist theory is extremely consistent, both internally and with reality. -averagejeol <cite>FLUFFYGERM posted [p:891715887] in Steam no l... [t:76069524]...</cite> <quote>bump</quote> ... Copied to Clipboard!
HypnoCoosh 12/06/17 6:19:20 PM #4:	Sure it's hard to manage. Not the end. It's new people don't understand it nor do companies. --- We make men without chests and expect from them virtue and enterprise. We laugh at honor and are shocked to find traitors in our midst. - C.S. Lewis <cite>HypnoCoosh posted [p:891715938] in Steam no l... [t:76069524]...</cite> <quote>Sure it's hard to manage. Not the end. It's new people don't understand it nor do companies.</quote> ... Copied to Clipboard!
FLUFFYGERM 12/06/17 6:20:07 PM #5:	who posted --- but Marxist theory is extremely consistent, both internally and with reality. -averagejeol <cite>FLUFFYGERM posted [p:891715981] in Steam no l... [t:76069524]...</cite> <quote>who posted</quote> ... Copied to Clipboard!
CruelBuffalo 12/06/17 6:20:25 PM #6:	HypnoCoosh posted... Sure it's hard to manage. Not the end. It's new people don't understand it nor do companies. Whats hard to understand? Its extremly volatile so why would a company want to accept bitcoin <cite>CruelBuffalo posted [p:891715996] in Steam no l... [t:76069524]...</cite> <quote><cite>HypnoCoosh posted...</cite> <quote>Sure it's hard to manage. Not the end. It's new people don't understand it nor do companies.</quote> Whats hard to understand? Its extremly volatile so why would a company want to accept bitcoin</quote> ... Copied to Clipboard!
FLUFFYGERM 12/06/17 6:21:35 PM #7:	CruelBuffalo posted... HypnoCoosh posted... Sure it's hard to manage. Not the end. It's new people don't understand it nor do companies. Whats hard to understand? Its extremly volatile so why would a company want to accept bitcoin The volatility is just a part of it. The other (more damning) part is that Bitcoin (and crypto in general) are extremely inefficient power-hungry means of moving money around. Over time it just gets more inefficient. Slower, more expensive, etc. It cannot scale, so it will die. --- but Marxist theory is extremely consistent, both internally and with reality. -averagejeol <cite>FLUFFYGERM posted [p:891716063] in Steam no l... [t:76069524]...</cite> <quote><cite>CruelBuffalo posted...</cite> <quote><cite>HypnoCoosh posted...</cite> <quote>Sure it's hard to manage. Not the end. It's new people don't understand it nor do companies.</quote> Whats hard to understand? Its extremly volatile so why would a company want to accept bitcoin</quote> The volatility is just a part of it. The other (more damning) part is that Bitcoin (and crypto in general) are extremely inefficient power-hungry means of moving money around. Over time it just gets more inefficient. Slower, more expensive, etc. It cannot scale, so it will die.</quote> ... Copied to Clipboard!
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Nostradumbass 12/06/17 6:28:55 PM #9:	Cookie Bag posted... How did they not see this would be a problem? they did. well, others did. many coins out there are trying to solve that scalability issue <cite>Nostradumbass posted [p:891716433] in Steam no l... [t:76069524]...</cite> <quote><cite>Cookie Bag posted...</cite> <quote>How did they not see this would be a problem?</quote> they did. well, others did. many coins out there are trying to solve that scalability issue</quote> ... Copied to Clipboard!
clearaflagrantj 12/06/17 6:55:50 PM #10:	I'm not worried <cite>clearaflagrantj posted [p:891717829] in Steam no l... [t:76069524]...</cite> <quote>I'm not worried</quote> ... Copied to Clipboard!
Krojen 12/06/17 7:38:11 PM #11:	I never knew steam accepted it. Kinda like how you never knew how to use an exchange of any kind or trade cryptocurrencies without fees. I'll continue to use usd to bitcoin to offshore purchase fast and fee free where I can, while I can, to save money. --- http://i.imgur.com/hI4hAMb.jpg <cite>Krojen posted [p:891720200] in Steam no l... [t:76069524]...</cite> <quote>I never knew steam accepted it. Kinda like how you never knew how to use an exchange of any kind or trade cryptocurrencies without fees. I'll continue to use usd to bitcoin to offshore purchase fast and fee free where I can, while I can, to save money.</quote> ... Copied to Clipboard!
FLUFFYGERM 12/06/17 7:38:13 PM #12:	clearaflagrantj posted... I'm not worried cuz you sold everything in anticipation of all the people you conned getting screwed LMAO :P --- but Marxist theory is extremely consistent, both internally and with reality. -averagejeol <cite>FLUFFYGERM posted [p:891720203] in Steam no l... [t:76069524]...</cite> <quote><cite>clearaflagrantj posted...</cite> <quote>I'm not worried</quote> cuz you sold everything in anticipation of all the people you conned getting screwed LMAO :P</quote> ... Copied to Clipboard!
FLUFFYGERM 12/06/17 7:38:59 PM #13:	Krojen posted... I never knew steam accepted it. Kinda like how you never knew how to use an exchange of any kind or trade cryptocurrencies without fees. I'll continue to use usd to bitcoin to offshore purchase fast and fee free where I can, while I can, to save money. it is impossible to trade crypto with no fees. your specific use case is completely out of the norm and does not disprove that lmaoooo ready to get spanked by scalability? --- but Marxist theory is extremely consistent, both internally and with reality. -averagejeol <cite>FLUFFYGERM posted [p:891720255] in Steam no l... [t:76069524]...</cite> <quote><cite>Krojen posted...</cite> <quote>I never knew steam accepted it. Kinda like how you never knew how to use an exchange of any kind or trade cryptocurrencies without fees. I'll continue to use usd to bitcoin to offshore purchase fast and fee free where I can, while I can, to save money.</quote> it is impossible to trade crypto with no fees. your specific use case is completely out of the norm and does not disprove that lmaoooo ready to get spanked by scalability?</quote> ... Copied to Clipboard!
Krojen 12/06/17 7:50:04 PM #14:	FLUFFYGERM posted... Krojen posted... I never knew steam accepted it. Kinda like how you never knew how to use an exchange of any kind or trade cryptocurrencies without fees. I'll continue to use usd to bitcoin to offshore purchase fast and fee free where I can, while I can, to save money. it is impossible to trade crypto with no fees. your specific use case is completely out of the norm and does not disprove that lmaoooo ready to get spanked by scalability? I don't hold/invest in bitcoin, so scalabiltiy is irrelevant to me. If they figure it out, good for them. If not, the worst case scenario is I'm back to paying stupid credit card fees for my unique purchases. My use case for buying offshore research chemicals and sportsbooks is unique. What isn't unique, is buying and selling cryptocurrencies on the most popular and reputable exchange - that can be done fee free. Even you know that by now. --- http://i.imgur.com/hI4hAMb.jpg <cite>Krojen posted [p:891720973] in Steam no l... [t:76069524]...</cite> <quote><cite>FLUFFYGERM posted...</cite> <quote><cite>Krojen posted...</cite> <quote>I never knew steam accepted it. Kinda like how you never knew how to use an exchange of any kind or trade cryptocurrencies without fees. I'll continue to use usd to bitcoin to offshore purchase fast and fee free where I can, while I can, to save money.</quote> it is impossible to trade crypto with no fees. your specific use case is completely out of the norm and does not disprove that lmaoooo ready to get spanked by scalability?</quote> I don't hold/invest in bitcoin, so scalabiltiy is irrelevant to me. If they figure it out, good for them. If not, the worst case scenario is I'm back to paying stupid credit card fees for my unique purchases. My use case for buying offshore research chemicals and sportsbooks is unique. What isn't unique, is buying and selling cryptocurrencies on the most popular and reputable exchange - that can be done fee free. Even you know that by now.</quote> ... Copied to Clipboard!
FLUFFYGERM 12/06/17 8:23:53 PM #15:	Krojen posted... FLUFFYGERM posted... Krojen posted... I never knew steam accepted it. Kinda like how you never knew how to use an exchange of any kind or trade cryptocurrencies without fees. I'll continue to use usd to bitcoin to offshore purchase fast and fee free where I can, while I can, to save money. it is impossible to trade crypto with no fees. your specific use case is completely out of the norm and does not disprove that lmaoooo ready to get spanked by scalability? I don't hold/invest in bitcoin, so scalabiltiy is irrelevant to me. If they figure it out, good for them. If not, the worst case scenario is I'm back to paying stupid credit card fees for my unique purchases. My use case for buying offshore research chemicals and sportsbooks is unique. What isn't unique, is buying and selling cryptocurrencies on the most popular and reputable exchange - that can be done fee free. Even you know that by now. there are fees to buying, trading, and exchanging crypto. on gdax there are taker fees, and most people who trade crypto will be paying that. it's not free broseph. you can get some rebated but ultimately you still pay. and over the long run that .25% or .1% can become a lot of money as BTC goes up who cares about your offshore enriched plutonium or w/e btw keep in mind that people who trade one crypto for another pay network fees too .005 eth for eth trades might not sound like a lot but if eth goes to $10,000.... --- but Marxist theory is extremely consistent, both internally and with reality. -averagejeol <cite>FLUFFYGERM posted [p:891722857] in Steam no l... [t:76069524]...</cite> <quote><cite>Krojen posted...</cite> <quote><cite>FLUFFYGERM posted...</cite> <quote><cite>Krojen posted...</cite> <quote>I never knew steam accepted it. Kinda like how you never knew how to use an exchange of any kind or trade cryptocurrencies without fees. I'll continue to use usd to bitcoin to offshore purchase fast and fee free where I can, while I can, to save money.</quote> it is impossible to trade crypto with no fees. your specific use case is completely out of the norm and does not disprove that lmaoooo ready to get spanked by scalability?</quote> I don't hold/invest in bitcoin, so scalabiltiy is irrelevant to me. If they figure it out, good for them. If not, the worst case scenario is I'm back to paying stupid credit card fees for my unique purchases. My use case for buying offshore research chemicals and sportsbooks is unique. What isn't unique, is buying and selling cryptocurrencies on the most popular and reputable exchange - that can be done fee free. Even you know that by now.</quote> there are fees to buying, trading, and exchanging crypto. on gdax there are taker fees, and most people who trade crypto will be paying that. it's not free broseph. you can get some rebated but ultimately you still pay. and over the long run that .25% or .1% can become a lot of money as BTC goes up who cares about your offshore enriched plutonium or w/e btw keep in mind that people who trade one crypto for another pay network fees too .005 eth for eth trades might not sound like a lot but if eth goes to $10,000....</quote> ... Copied to Clipboard!
clearaflagrantj 12/06/17 8:28:19 PM #16:	FLUFFYGERM posted... clearaflagrantj posted... I'm not worried cuz you sold everything in anticipation of all the people you conned getting screwed LMAO :P I haven't sold a dime. I actually bought a bit of BTC this morning planning on exchanging it for XRB, but I got lazy and thankfully so because it saw that 20% gain today :) <cite>clearaflagrantj posted [p:891723115] in Steam no l... [t:76069524]...</cite> <quote><cite>FLUFFYGERM posted...</cite> <quote><cite>clearaflagrantj posted...</cite> <quote>I'm not worried</quote> cuz you sold everything in anticipation of all the people you conned getting screwed LMAO :P</quote> I haven't sold a dime. I actually bought a bit of BTC this morning planning on exchanging it for XRB, but I got lazy and thankfully so because it saw that 20% gain today :)</quote> ... Copied to Clipboard!
Nostradumbass 12/06/17 8:29:36 PM #17:	FLUFFYGERM posted... clearaflagrantj posted... I'm not worried cuz you sold everything in anticipation of all the people you conned getting screwed LMAO :P you have this image of clear as some bitcoin Hearst <cite>Nostradumbass posted [p:891723188] in Steam no l... [t:76069524]...</cite> <quote><cite>FLUFFYGERM posted...</cite> <quote><cite>clearaflagrantj posted...</cite> <quote>I'm not worried</quote> cuz you sold everything in anticipation of all the people you conned getting screwed LMAO :P</quote> you have this image of clear as some bitcoin Hearst</quote> ... Copied to Clipboard!
FLUFFYGERM 12/06/17 8:30:13 PM #18:	clearaflagrantj posted... FLUFFYGERM posted... clearaflagrantj posted... I'm not worried cuz you sold everything in anticipation of all the people you conned getting screwed LMAO :P I haven't sold a dime. I actually bought a bit of BTC this morning planning on exchanging it for XRB, but I got lazy and thankfully so because it saw that 20% gain today :) yeah i bought some BTC to go for IOTA before i decided fuck IOTA. glad i did. --- but Marxist theory is extremely consistent, both internally and with reality. -averagejeol <cite>FLUFFYGERM posted [p:891723225] in Steam no l... [t:76069524]...</cite> <quote><cite>clearaflagrantj posted...</cite> <quote><cite>FLUFFYGERM posted...</cite> <quote><cite>clearaflagrantj posted...</cite> <quote>I'm not worried</quote> cuz you sold everything in anticipation of all the people you conned getting screwed LMAO :P</quote> I haven't sold a dime. I actually bought a bit of BTC this morning planning on exchanging it for XRB, but I got lazy and thankfully so because it saw that 20% gain today :)</quote> yeah i bought some BTC to go for IOTA before i decided fuck IOTA. glad i did.</quote> ... Copied to Clipboard!
FLUFFYGERM 12/06/17 8:30:39 PM #19:	Nostradumbass posted... FLUFFYGERM posted... clearaflagrantj posted... I'm not worried cuz you sold everything in anticipation of all the people you conned getting screwed LMAO :P you have this image of clear as some bitcoin Hearst nah he's just really trollable lol he's a good guy --- but Marxist theory is extremely consistent, both internally and with reality. -averagejeol <cite>FLUFFYGERM posted [p:891723251] in Steam no l... [t:76069524]...</cite> <quote><cite>Nostradumbass posted...</cite> <quote><cite>FLUFFYGERM posted...</cite> <quote><cite>clearaflagrantj posted...</cite> <quote>I'm not worried</quote> cuz you sold everything in anticipation of all the people you conned getting screwed LMAO :P</quote> you have this image of clear as some bitcoin Hearst</quote> nah he's just really trollable lol he's a good guy</quote> ... Copied to Clipboard!
clearaflagrantj 12/06/17 8:42:17 PM #20:	FLUFFYGERM posted... Nostradumbass posted... FLUFFYGERM posted... clearaflagrantj posted... I'm not worried cuz you sold everything in anticipation of all the people you conned getting screwed LMAO :P you have this image of clear as some bitcoin Hearst nah he's just really trollable lol he's a good guy https://media1.tenor.com/images/8ffbf40a1608260d7337abdeeadd13f7/tenor.gif?itemid=3555008 <cite>clearaflagrantj posted [p:891723903] in Steam no l... [t:76069524]...</cite> <quote><cite>FLUFFYGERM posted...</cite> <quote><cite>Nostradumbass posted...</cite> <quote><cite>FLUFFYGERM posted...</cite> <quote><cite>clearaflagrantj posted...</cite> <quote>I'm not worried</quote> cuz you sold everything in anticipation of all the people you conned getting screwed LMAO :P</quote> you have this image of clear as some bitcoin Hearst</quote> nah he's just really trollable lol he's a good guy</quote> https://media1.tenor.com/images/8ffbf40a1608260d7337abdeeadd13f7/tenor.gif?itemid=3555008</quote> ... Copied to Clipboard!
Krojen 12/07/17 1:50:26 AM #21:	FLUFFYGERM posted... there are fees to buying, trading, and exchanging crypto. on gdax there are taker fees, and most people who trade crypto will be paying that. it's not free broseph. you can get some rebated but ultimately you still pay. and over the long run that .25% or .1% can become a lot of money as BTC goes up who cares about your offshore enriched plutonium or w/e btw keep in mind that people who trade one crypto for another pay network fees too .005 eth for eth trades might not sound like a lot but if eth goes to $10,000.... And what are the maker fees? Meaning limit orders, something anyone can use to buy/sell cryptocurrency on the exchange. What are the fees for those on gdax? --- http://i.imgur.com/hI4hAMb.jpg <cite>Krojen posted [p:891737713] in Steam no l... [t:76069524]...</cite> <quote><cite>FLUFFYGERM posted...</cite> <quote>there are fees to buying, trading, and exchanging crypto. on gdax there are taker fees, and most people who trade crypto will be paying that. it's not free broseph. you can get some rebated but ultimately you still pay. and over the long run that .25% or .1% can become a lot of money as BTC goes up who cares about your offshore enriched plutonium or w/e btw keep in mind that people who trade one crypto for another pay network fees too .005 eth for eth trades might not sound like a lot but if eth goes to $10,000....</quote> And what are the maker fees? Meaning limit orders, something anyone can use to buy/sell cryptocurrency on the exchange. What are the fees for those on gdax?</quote> ... Copied to Clipboard!
FFVII_REMAKE 12/07/17 1:53:43 AM #22:	There is literally no point in buying bitcoin unless you have $10K+ cash to wipe your ass with and flush it down the toilet (aka rich people). <cite>FFVII_REMAKE posted [p:891737821] in Steam no l... [t:76069524]...</cite> <quote>There is literally no point in buying bitcoin unless you have $10K+ cash to wipe your ass with and flush it down the toilet (aka rich people).</quote> ... Copied to Clipboard!
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Krojen 12/07/17 1:59:11 AM #24:	FFVII_REMAKE posted... There is literally no point in buying bitcoin unless you have $10K+ cash to wipe your ass with and flush it down the toilet (aka rich people). That's more true for stocks. One of the many reasons bitcoin is more popular than stocks among young people is how little money you can put in it and watch it explode as bitcoin doubles every couple months. --- http://i.imgur.com/hI4hAMb.jpg <cite>Krojen posted [p:891737989] in Steam no l... [t:76069524]...</cite> <quote><cite>FFVII_REMAKE posted...</cite> <quote>There is literally no point in buying bitcoin unless you have $10K+ cash to wipe your ass with and flush it down the toilet (aka rich people).</quote> That's more true for stocks. One of the many reasons bitcoin is more popular than stocks among young people is how little money you can put in it and watch it explode as bitcoin doubles every couple months.</quote> ... Copied to Clipboard!
FFVII_REMAKE 12/07/17 2:02:56 AM #25:	Either way, the government will step in to control cryptocurrency especially bitcoin. Coinbase has already froze transactions. <cite>FFVII_REMAKE posted [p:891738121] in Steam no l... [t:76069524]...</cite> <quote>Either way, the government will step in to control cryptocurrency especially bitcoin. Coinbase has already froze transactions.</quote> ... Copied to Clipboard!
Bad_Mojo 12/07/17 2:09:51 AM #26:	Can I please have a time machine so I could go back to the start of this whole thing and buy like 1,000, please? --- https://i.imgtc.com/hQ5SuG6.gif https://i.imgtc.com/QrhAq36.gif https://i.imgtc.com/Yjov9DU.gif <cite>Bad_Mojo posted [p:891738335] in Steam no l... [t:76069524]...</cite> <quote>Can I please have a time machine so I could go back to the start of this whole thing and buy like 1,000, please?</quote> ... Copied to Clipboard!
Giblet_Enjoyer 12/07/17 2:41:08 AM #27:	They'll just have to start accepting something that's not complete shit like Litecoin or something, no biggie Wouldn't that be really easy now with the atomic swap thing? I forgot how that works --- He which make friends with scorpion, soon come to find out what a scorpion does - they bite people with its tail --ancient Chinese proverb <cite>Giblet_Enjoyer posted [p:891739182] in Steam no l... [t:76069524]...</cite> <quote>They'll just have to start accepting something that's not complete shit like Litecoin or something, no biggie Wouldn't that be really easy now with the atomic swap thing? I forgot how that works</quote> ... Copied to Clipboard!
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Current Events > Steam no longer accepting Bitcoin as payment due to scalability issues (+) Yeah! (+)

Current Events > Steam no longer accepting Bitcoin as payment due to scalability issues