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Thread: Valve removes Bitcoin payment option from Steam

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    Valve removes Bitcoin payment option from Steam

    Cryptocurrency value volatility ($15K today) and high transaction fees are to blame.
    Read more.

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    Re: Valve removes Bitcoin payment option from Steam

    The cracks begin to show.

    At the same time though bitcoin in itself still has a LOT of growing to do before it crashes, I can see it hitting anywhere between £50,000 - £300,000 before demand falls flat.

    Tulip bulbs anyone?

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    Re: Valve removes Bitcoin payment option from Steam

    Quote Originally Posted by EvilCycle View Post

    At the same time though bitcoin in itself still has a LOT of growing to do before it crashes, I can see it hitting anywhere between £50,000 - £300,000 before demand falls flat.
    Can you post a link to your Crystal Ball supplier please?
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    Re: Valve removes Bitcoin payment option from Steam

    Quote Originally Posted by peterb View Post
    Can you post a link to your Crystal Ball supplier please?
    Crystal something, at least

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    Re: Valve removes Bitcoin payment option from Steam

    Yes it is some outlandish speculation I am not a complete nutter, but there are some calculations involved in my guesswork, previous market crashes against items with similar hallmarks to bitcoin together with the comparison of the worth of gold vs availability has brought me to those figures.

    I won't go as far as saying crypto currencies and block chains will never work, but I truly believe bitcoin in itself is setting up for a car crash after some more growth.

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    Re: Valve removes Bitcoin payment option from Steam

    The transaction fees were up to $20 (as was probably mentioned in the linked article) no-one would buy even a $50 game with a $20 transaction fee unless they had money to burn.

    I can see Bitcoin hitting maybe $17k (possibly as Evil Cycle says a lot more) but the government regulation, co-option and inevitable crash will come. How big and bad it is is anyone's guess. I should probably invest in it but I don't like it environmentally so I will likely refrain.
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    Re: Valve removes Bitcoin payment option from Steam

    So a single bitcoin is worth 17k?

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    Re: Valve removes Bitcoin payment option from Steam

    Quote Originally Posted by j.o.s.h.1408 View Post
    So a single bitcoin is worth 17k?
    It was yesterday, down to around $14k now.
    Quote Originally Posted by Agent View Post
    ...every time Creative bring out a new card range their advertising makes it sound like they have discovered a way to insert a thousand Chuck Norris super dwarfs in your ears...

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    Re: Valve removes Bitcoin payment option from Steam

    Quote Originally Posted by EvilCycle View Post
    Yes it is some outlandish speculation I am not a complete nutter, but there are some calculations involved in my guesswork, previous market crashes against items with similar hallmarks to bitcoin together with the comparison of the worth of gold vs availability has brought me to those figures.

    I won't go as far as saying crypto currencies and block chains will never work, but I truly believe bitcoin in itself is setting up for a car crash after some more growth.
    Tulips have a shelf-life. Bitcoin can be traced forever. As long as there is electricity and the internet.

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    Seething Cauldron of Hatred TheAnimus's Avatar
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    Re: Valve removes Bitcoin payment option from Steam

    Quote Originally Posted by pp05 View Post
    Tulips have a shelf-life. Bitcoin can be traced forever. As long as there is electricity and the internet.
    Tulips I would argue are more viable than using so much electricity to mine something.
    throw new ArgumentException (String, String, Exception)

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    Re: Valve removes Bitcoin payment option from Steam

    You can mine more tulips by burying the bulbs and leaving them alone, which you can't do with bitcoin

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