What if Steam accepted Bitcoin? | Bitcointalksearch.org

bitcoinsrus

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Quote from: Hyena on June 21, 2014, 07:20:40 AM

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6 Message by Support Tech Jax on Fri, 20th Jun 2014 3:37 pm
Hello Erich,

I will forward your comments onto the appropriate department.

Please note, if you wish to share an opinion, idea or suggestion, please visit the Steam for Mac section of the Forums, found here:

http://steamcommunity.com/discussions/forum/2/

This forum is regularly read by Valve's development team.

I think someone who uses Mac should also raise the Bitcoin issue in their Mac forums. It is relevant now that Apple has endorsed Bitcoin.

The bought beats by dr dre. just use the same b logo for bitcoin Grin

Hyena

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6 Message by Support Tech Jax on Fri, 20th Jun 2014 3:37 pm
Hello Erich,

I will forward your comments onto the appropriate department.

Please note, if you wish to share an opinion, idea or suggestion, please visit the Steam for Mac section of the Forums, found here:

http://steamcommunity.com/discussions/forum/2/

This forum is regularly read by Valve's development team.

I think someone who uses Mac should also raise the Bitcoin issue in their Mac forums. It is relevant now that Apple has endorsed Bitcoin.

Hyena

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Quote from: ljudotina on June 18, 2014, 07:11:25 AM

Quote from: Hyena on June 18, 2014, 07:03:09 AM

I got the reply from customer service (see the first post in this topic). It was completely useless copy-paste answer Sad

so I wrote them a reply, now let's see how it goes. If any of you find this issue important, I'd suggest you contact Steam the same way I did, because it would increase the chance to make a difference.

You started off with pretty bad intonation. Instead of what you wrote, you could gave them hints on other large companies accepting BTC and how it would benefit them (even tho, i think they already know that). Your fist message is kinda "bullish" so...i wouldnt expect much out of it.

I'm sick and tired of fake politeness everywhere and I don't care. That's why I'm not the right person for this task, I know. Still, it's a step to the right direction, to say the least.

ljudotina

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Quote from: Hyena on June 18, 2014, 07:03:09 AM

I got the reply from customer service (see the first post in this topic). It was completely useless copy-paste answer Sad

so I wrote them a reply, now let's see how it goes. If any of you find this issue important, I'd suggest you contact Steam the same way I did, because it would increase the chance to make a difference.

You started off with pretty bad intonation. Instead of what you wrote, you could gave them hints on other large companies accepting BTC and how it would benefit them (even tho, i think they already know that). Your fist message is kinda "bullish" so...i wouldnt expect much out of it.

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Quote from: An amorous cow-herder on June 16, 2014, 02:45:07 PM

Several sites, e.g. Coingas, have been selling steam codes for BTC (and other cryptos) for ages.
What exactly would change if Valve would accept BTC directly? Pretty much nothing?...

I never knew that anyone was selling steam games for BTC. Steam accepting BTC would mean something for me, as i would spend some money on for example DOTA2, and Steam would earn money. This way, neather i used my BTC nor they earned something...lost/lost situation.
To correct myself...yes i knew for 1 site that accepted BTC for steam codes....they were fake.

So...Steam officialy accepting BTC would be big thing for me...on large scale i dont know but steam users do look like ppl that are much closer to BTC world than for example Overstock users.

Hyena

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I got the reply from customer service (see the first post in this topic). It was completely useless copy-paste answer Sad

so I wrote them a reply, now let's see how it goes. If any of you find this issue important, I'd suggest you contact Steam the same way I did, because it would increase the chance to make a difference.

zimmah

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Quote from: criptix on June 16, 2014, 02:43:25 PM

im 100% sure steam would be 10x as big as overstock.com accepting bitcoin.
steam+valve have a revenue of several billions per year and on top of that ~60+ million users (2013).
the userbase is also pretty much perfect for btc:
young, interested in pc-tech/internet, has money

but as far as i know steam/valve have no actual plans for accepting btc.

Well, let's show them there's demand for it and they will likely consider it.

And if steam starts, you can wait for origin to follow suit, just like many other companies.

An amorous cow-herder

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Quote from: Hyena on June 16, 2014, 04:41:03 PM

If steam accepted Bitcoin then many of the games they feature might also integrate Bitcoin payments individually. For example, you want to unlock some specific ability in the game and it will cost you bitcoins. Right now you pay for whole games and downloadable content but then you could choose to pay for even smaller scale aspects of the game. Seems like a perfect use case for Bitcoin.

Basicly thats one of the reasons Bitcoin was even invented (according to original papers).
However current payment schemes for block inclusion make micropayments below 1$ pretty unreasonable. If small micropayments are supposed to be the goal block size needs to be increased and fees reduced (probably to a percentage amount). But a percentage fee would make large transactions too expensive.
Choose your poison.

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scarsbergholden

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Quote from: AuroraHF on June 17, 2014, 08:50:57 AM

I think they'll be implementing Bitcoins very soon. Can't wait to spend my satoshis on games.

This is exactly what I meant by adding some selling pressure to the market. I'm just glad that Bitpay appears to do much of their selling either off exchange, or not immediately.

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I think they'll be implementing Bitcoins very soon. Can't wait to spend my satoshis on games.

master-P

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I don't think this would have any effect on the price of BTC. Bitcoin goes up in value when fresh fiat buys into it. Why would people convert $10 or $20 to BTC just to buy a game, when they have a dozen other payment options on steam? It may be convenient for those who already hold bitcoin, but others won't have any incentive to make use of it.

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I don't really play video games, but Steam seems like it would be one to seriously consider BTC since they were game changers in the gaming industry. I actually would not be surprised at all if this comes soon.

scarsbergholden

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If Steam accepted bitcoin.... well, that'd have to add some selling pressure to the market, eh (from people paying with BTC)? I'm sure the news would be a boost (more so if we are in the throws of a bull market), but I'm not sure it would have much long term effect.

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Quote from: Hyena on June 16, 2014, 04:41:03 PM

If steam accepted Bitcoin then many of the games they feature might also integrate Bitcoin payments individually. For example, you want to unlock some specific ability in the game and it will cost you bitcoins. Right now you pay for whole games and downloadable content but then you could choose to pay for even smaller scale aspects of the game. Seems like a perfect use case for Bitcoin.

That would be great. I already use Bitcoin to buy Steam codes (from other people). It would be great that games will add "in-game payments" which can be paid with Bitcoin aswell as the game self can be bought with BTC. This will make it very easy to buy games and ingame stuff.

It also has another advantage. When I was young my parents didn't want me to spend much money on games (and especially ingame content). They wouldn't have noticed if I used BTC instead of PayPal, which was linked to my bankaccount

.

Hyena

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If steam accepted Bitcoin then many of the games they feature might also integrate Bitcoin payments individually. For example, you want to unlock some specific ability in the game and it will cost you bitcoins. Right now you pay for whole games and downloadable content but then you could choose to pay for even smaller scale aspects of the game. Seems like a perfect use case for Bitcoin.

ThatDGuy

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Quote from: K128kevin2 on June 16, 2014, 04:02:17 PM

I don't think Steam accepting bitcoin would have a significant effect on bitcoin prices. The primary demographic of Steam is probably very close to the same demographic of people that use bitcoin. This means that they would probably earn a lot of money by doing it, but they wouldn't really draw in many new people to bitcoin. This is contrary to, for example, Overstock.com, whose demographic consists of a much wider audience than Steam's.

I disagree with the assessment of the Steam demographic. I think the primary demographic lines up with -potential- users of Bitcoin, and those that are capable of using it in its current state.

However, of Steam users I know (and I am friends with probably 15, so this is largely anecdotal) none of them aside from myself have actually used Bitcoin for any sort of transaction.

Personally, Learning about Bitcoin was incredibly exciting, but I didn't become a real and true believer and user until I made my first few transactions and saw the simplicity of it. I don't think BTC offers an immediately noticeable advantage over other payment methods for Steam right now, so while I'm not convinced adding it and using it would have the same effect on others that it had for me, I do think that actually using it is a crucial step towards individual acceptance.

K128kevin2

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I don't think Steam accepting bitcoin would have a significant effect on bitcoin prices. The primary demographic of Steam is probably very close to the same demographic of people that use bitcoin. This means that they would probably earn a lot of money by doing it, but they wouldn't really draw in many new people to bitcoin. This is contrary to, for example, Overstock.com, whose demographic consists of a much wider audience than Steam's.

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Quote from: blatchcorn on June 16, 2014, 03:30:14 PM

Quote from: ArbatDeli on June 16, 2014, 03:29:13 PM

Already many people buy/sell steam codes for BTC. Not sure how big an impact there would be. I wonder if there would be added sell pressure.

Typical bear response.

More merchant adoption is undeniably good

This.

Let's not forget that we want Bitcoin to be the go-to currency for online transactions - worrying about the sell pressure that comes from this becoming a reality just isn't logical.

blatchcorn

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Quote from: ArbatDeli on June 16, 2014, 03:29:13 PM

Already many people buy/sell steam codes for BTC. Not sure how big an impact there would be. I wonder if there would be added sell pressure.

Typical bear response.

More merchant adoption is undeniably good

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