So many bitcoin haters in these comments... we'll see who's wrong in a decade or so.
Steam now accepts Bitcoin for purchases
21–30 of 447 posts
Re: Steam now accepts Bitcoin for purchases
#22Re: Steam now accepts Bitcoin for purchases
#23So 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?
Re: Steam now accepts Bitcoin for purchases
#24So 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?
Re: Steam now accepts Bitcoin for purchases
#25This is interesting.
Re: Steam now accepts Bitcoin for purchases
#26I 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?
Why not? You just calculate the refund amount based on the USDBTC rate.
Re: Steam now accepts Bitcoin for purchases
#27So 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.
Re: Steam now accepts Bitcoin for purchases
#28Seems like bitcoin won't die after all, which is a pitty. It's become a centralised mess controlled by a few ASIC producers. Worst part is that it continues eating it's own children, as long as bitcoin is there, no other crypto currency will gain widespread adoption.
> no other crypto currency will gain widespread adoption
Bitcoin doesn't have widespread adoption, and it is arguably the only chance for cryptocurrency to gain widespread adoption in any reasonable timeframe.
Saying that bitcoin is getting in the way of the widespread adoption of cryptocurrency is somewhat like saying that the cart could go faster if only that slow horse weren't in the way.
Re: Steam now accepts Bitcoin for purchases
#29So 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?
Not ideal if you start with dollars, but there are other currencies in use as well.
Re: Steam now accepts Bitcoin for purchases
#30So 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?
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.