This is one of the last steps for BTC in its awkward and strange transition from "currency" to speculative asset.
It's not really very good as a speculative asset because it opens up the space for loads of altcoins to be heavily speculated on as well, but given the right circumstances it could be a great currency.
I'm hoping that the price will fall somewhat and the Lightning Network will be implemented at a time with less wild price swings.
Topic: [2017-12-06] Steam Drops Support for Bitcoin Payments Citing Wild Price Swings (Read 1046 times)
December 07, 2017, 03:33:25 AM
December 07, 2017, 02:01:33 AM
Steam Drops Support for Bitcoin Payments Citing Wild Price Swings, High Transaction Fees
Bitcoin may be trading at all-time highs, but not everybody is celebrating. Crypto-loving gamers everywhere have their headsets in a twist after Valve, the parent company of popular online gaming platform Steam, announced today that they will no longer be accepting Bitcoin payments.
http://bitcoinist.com/steam-drops-support-for-bitcoin-payments-citing-wild-price-swings-high-transaction-fees/
Bitcoin may be trading at all-time highs, but not everybody is celebrating. Crypto-loving gamers everywhere have their headsets in a twist after Valve, the parent company of popular online gaming platform Steam, announced today that they will no longer be accepting Bitcoin payments.
http://bitcoinist.com/steam-drops-support-for-bitcoin-payments-citing-wild-price-swings-high-transaction-fees/
Well i totally understand steam's perspective, they want to protect their customers along with the developers who spend a fortune creating a game, But i think it should have been on the developers whether they wanted the payments in bitcoin or not. This also shows that we need a fix for transaction timing and transaction fees soon, or bitcoin may die in its infancy or lose its purpose of being a currency and not an investment asset.
December 06, 2017, 06:34:40 PM
Steam Drops Support for Bitcoin Payments Citing Wild Price Swings, High Transaction Fees
Bitcoin may be trading at all-time highs, but not everybody is celebrating. Crypto-loving gamers everywhere have their headsets in a twist after Valve, the parent company of popular online gaming platform Steam, announced today that they will no longer be accepting Bitcoin payments.
http://bitcoinist.com/steam-drops-support-for-bitcoin-payments-citing-wild-price-swings-high-transaction-fees/
Bitcoin may be trading at all-time highs, but not everybody is celebrating. Crypto-loving gamers everywhere have their headsets in a twist after Valve, the parent company of popular online gaming platform Steam, announced today that they will no longer be accepting Bitcoin payments.
http://bitcoinist.com/steam-drops-support-for-bitcoin-payments-citing-wild-price-swings-high-transaction-fees/
Jump to: