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Steam accepting bitcoin for purchases soon

bcredeur97
By bcredeur97
in Tech News
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Posted

Neat I guess. Really interested to see the future of BC though.

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Posted
14 hours ago, suicidalfranco said:

and now the dollar doesn't have a gold standard (also the dollar never had a gold standard, it was silver) making it even more worthless 

The dollar now gets it's value from being the world's reserve currency as well as having the backing of the most powerful military and Government on Earth. Not as good as a gold standard would be sure, but still better than BitCoin which reminds me of the Space Cash episode of South Park where the only reason it has value is people think it has value.

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2 minutes ago, SeriousDad69 said:

the only reason it has value is people think it has value

Perfect definition for the dollar standard to 

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Posted
7 minutes ago, suicidalfranco said:

Perfect definition for the dollar standard to 

No, it's current value comes from the mighty force of the US Military.

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Yeah I can spend my .6 bitcoins!

▓ƆԀ▓ S▓₱▓Ɇ▓c▓s▓: i7 6ʇɥפᴉƎ00K (4.4ghz), Asus DeLuxe X99A II, GT҉X҉1҉0҉8҉0 Zotac Amp ExTrꍟꎭe),Si6F4Gb D???????r PlatinUm, EVGA G2 Sǝʌǝᘉ5ᙣᙍᖇᓎᙎᗅᖶt, Phanteks Enthoo Primo, 3TB WD Black, 500gb 850 Evo, H100iGeeTeeX, Windows 10, K70 R̸̢̡̭͍͕̱̭̟̩̀̀̃́̃͒̈́̈́͑̑́̆͘͜ͅG̶̦̬͊́B̸͈̝̖͗̈́, G502, HyperX Cloud 2s, Asus MX34. פN∩SW∀S 960 EVO

Just keeping this here as a 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16 minutes ago, SeriousDad69 said:

No, it's current value comes from the governments debt.

fify 

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44 minutes ago, SeriousDad69 said:

The dollar now gets it's value from being the world's reserve currency as well as having the backing of the most powerful military and Government on Earth. Not as good as a gold standard would be sure, but still better than BitCoin which reminds me of the Space Cash episode of South Park where the only reason it has value is people think it has value.

Most powerful military and government on Earth?

 

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I am genuinely curious if fraud will become more and more of an issue for bitcoin mass adoption as it can be spent more and more places.  As bitcoin becomes more popular it becomes a bigger target for theft.  Already bitcoin is mired in bad press with large exchanges being charged with stealing millions of dollars worth of coins.  Bitcoin mining rig makers are getting lots of bad press for defrauding customers for millions.

 

And while most of these cases are "buyer beware", that doesn't work for mass adoption.  You need both consumer and merchant protections.  If you want the masses to use your currency, you have to offer them the same or better terms of use compared to cash/credit/debit.  Most people only get burned once or twice before they abandon something like bitcoin.  Until someone is willing to eat the loses of risk, the masses will never accept bitcoin or similar crypto coins.

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4 hours ago, Dabombinable said:

Most powerful military and government on Earth?

 

America through it's massive Navy and Airforce is able to attack anyone, anywhere, at anytime. If there ever is WW3 I doubt it will last very long, or at the very least reach the lower 48.

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Fantastic news! I love Bitcoin. I use it anywhere I possibly can. Like Mullvad and Overclockers.

Smile and wave boys, smile and wave...
 

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