Steam To Stop Supporting Bitcoin Transactions

[phoronix]

Phoronix: Steam To Stop Supporting Bitcoin Transactions

Valve has decided to stop supporting Bitcoin for settling transactions on Steam...

http://www.phoronix.com/scan.php?page=news_item&px=Steam-Stops-Bitcoin

[tildearrow]

This is worrying for me since it was the only anonymous/pseudonymous way to pay for games... (until they decide to support a different coin, which would be great)

[xpris]

Don't know if this is good decision or bad but I believe they have reason for this.

Anyway in my country Bitcoin is now on "black list" created by KNF (financial supervision committee) and NBP (national bank) warning from Bitcoin - because they think, we can't and we shouldn't trust bitcoin.

[LinuxID10T]

The state of Bitcoin makes me nervous for the world markets. Fight me if you disagree!

[birdie]

Right-o! At the moment we're close to $10 for a transaction. That's just ridiculous for a currency which was meant to be a replacement for money.

[shmerl]

First HB, now Valve. Not a good development. This reduces the value of Bitcoin as a currency. It's only as a good, as someone is willing to accept it as payment.

[shmerl]

At the moment we're close to $10 for a transaction.

Wallet to wallet transactions shouldn't cost anything. Or do you mean energy consumption for mining?

[Leopard]

Is there anybody who can explain me about ; what're they diggin?.

Is this legal , are they helping cracking some encrypted data or something like that?

[cl333r]

Right-o! At the moment we're close to $10 for a transaction.

Care to explain?

From article:

This decision was due to the increased volatility of Bitcoin recently as well as increased transaction fees

By whom? By how much?

[shmerl]

Is there anybody who can explain me about ; what're they diggin?.

https://en.wikipedia.org/wiki/Bitcoin#Mining

See also: https://en.wikipedia.org/wiki/Proof-of-work_system