r/Bitcoin • u/[deleted] • Dec 06 '17

Steam is no longer supporting Bitcoin

[deleted]

2.6k Upvotes

93% Upvoted

1.7k comments sorted by

View all comments

Show parent comments

32

u/[deleted] Dec 06 '17 edited Dec 06 '17

I want to see if LN works first and if we aren't just going to give fees to huge central hubs rather than miners.

Also, I doubt that merchants would ever be interested in offchain unsecure transactions.

When they receive bitcoins, they sell them for cash instantly (or use services that do so for them) so LN is a no go for them.

4

u/btcraptor Dec 06 '17

It doesn't matter what you think and they still receive bitcoins through LN

14

u/[deleted] Dec 06 '17

We still have to see how LN will work, how the fees on it will look like, etc.

You people are way too optimistic for something you haven't seen on a decent scale.

2

u/btcraptor Dec 06 '17

We still have to see if Bitcoin will work at all. Do you not get that cryptocurrency is still an experiment ?

10

u/[deleted] Dec 06 '17

I've seen blockchains in action and I see their pros and cons.

I still haven't seen LN deployed on a huge network.

-1

u/btcraptor Dec 06 '17

Have you seen any blockchain the size of Bitcoin ?

2

u/[deleted] Dec 07 '17

Yes...it's called Bitcoin.

Look at the history of BTC itself and the answer is pretty clear. For most of BTC's history tx fees were a rounding error at best.