31–40 of 447 posts
So you buy bitcoins with dollars, Bitpay exchanges the bitcoins back into dollars, and then they hand the dollars over to Steam. And this is meant to be a good thing?
I was really surprised that the announcement that Steam may support Bitcoin made waves a while ago, yet the announcement that it actually does did not. I used it to buy a (horrible) game last night, and it worked beautifully. Contrast with PayPal, with which Steam is always confused about where I am and whether it should charge me in GBP or EUR. I'm never not using Bitcoin again.
What about refunds? With Paypal you know you're getting the same amount back, in the same currency, as if you haven't bought anything at all. Given the fluctuating nature of Bitcoin, surely that's not possible?
So you buy bitcoins with dollars, Bitpay exchanges the bitcoins back into dollars, and then they hand the dollars over to Steam. And this is meant to be a good thing?
> "So you buy bitcoins with dollars, Bitpay exchanges the bitcoins back into dollars, and then they hand the dollars over to Steam." You don't have to buy bitcoins directly, you can mine them.
So you buy bitcoins with dollars, Bitpay exchanges the bitcoins back into dollars, and then they hand the dollars over to Steam. And this is meant to be a good thing?
> "So you buy bitcoins with dollars, Bitpay exchanges the bitcoins back into dollars, and then they hand the dollars over to Steam." You don't have to buy bitcoins directly, you can mine them.
I was really surprised that the announcement that Steam may support Bitcoin made waves a while ago, yet the announcement that it actually does did not. I used it to buy a (horrible) game last night, and it worked beautifully. Contrast with PayPal, with which Steam is always confused about where I am and whether it should charge me in GBP or EUR. I'm never not using Bitcoin again.
What about refunds? With Paypal you know you're getting the same amount back, in the same currency, as if you haven't bought anything at all. Given the fluctuating nature of Bitcoin, surely that's not possible?
So you buy bitcoins with dollars, Bitpay exchanges the bitcoins back into dollars, and then they hand the dollars over to Steam. And this is meant to be a good thing?
Earlier quoted context omitted.
I've always wondered why hackernews hates bitcoin so much. Can someone explain?
Like anything in life I think there is a bit of 'crab mentality' here where people don't want to see something succeed if they do not stand to see any reward from it.
So many bitcoin haters in these comments... we'll see who's wrong in a decade or so.
I've always wondered why hackernews hates bitcoin so much. Can someone explain?
(1) There are people who think it's a pure speculative bubble or pyramid scheme. (I disagree because it has utility.)
(2) There are also people who point out that it's a deflationary currency and therefore broken. (I sympathize a bit with this view but it's not enough to make me dismiss it completely. I think this might be a solvable problem.)
(3) There seem to be some who just take a contrarian position against things that have received a ton of hype or that are too fashionable.
Earlier quoted context omitted.
> "So you buy bitcoins with dollars, Bitpay exchanges the bitcoins back into dollars, and then they hand the dollars over to Steam." You don't have to buy bitcoins directly, you can mine them.
Then I'm converting dollars to bitcoin via my electricity bill, with even more inefficiency.