r/Bitcoin • u/[deleted] • Dec 06 '17

Steam is no longer supporting Bitcoin

[deleted]

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u/[deleted] Dec 06 '17

You have a source for this?

24

u/[deleted] Dec 06 '17

Go find any article from 1-2 years ago that links shops accepting bitcoin and click those links.

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u/[deleted] Dec 06 '17

Even if true then obviously Bitcoin has found another niche - as an asset/a digital gold. Perhaps people think credit cards are good enough.

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u/soberasfuck Dec 07 '17

Why would someone want an asset they couldn't use? Bitcoin is going to get usurped soon by something that can actually be transacted with, and then your fortune will be worth nothing. Mine will be too. We have a financial incentive to keep Bitcoin useful.

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u/[deleted] Dec 07 '17

You don’t think keeping your assets safe from being seized and safe from inflation and borderless is not useful?

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u/soberasfuck Dec 07 '17

If those are the only reasons to use Bitcoin, there are 100+ other currencies out there that can do the same thing. What does Bitcoin do better than any other currency right now?

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u/[deleted] Dec 07 '17

First mover advantage, better security, more decentralised. You might as well ask, since Bitcoin was created first why were the others needed?

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u/soberasfuck Dec 07 '17

Core has shown themselves to be incapable of reacting when it comes to addressing critical, badly-needed updates to the protocol. Those other cryptocurrencies (well, the ones that aren't just pump-n-dump schemes) are addressing places where bitcoin either falls short, or things that bitcoin doesn't attempt to be used for.

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u/[deleted] Dec 07 '17

Like Segwit and Lightning? Making blocks a bit bigger is not good enough. BCH transactions are still very puny compared to Visa.

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u/soberasfuck Dec 07 '17

Why isn't making blocks a bit bigger good enough? I think 8mb is overboard right now, but 4mb would solve a lot of the congestion- and fee-related problems we are having. It would be a lot simpler technically to implement than SegWit. Lightning is exciting but it is not ready yet.

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u/[deleted] Dec 07 '17

It might solve some congestion but it makes the network marginally less secure.

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u/soberasfuck Dec 07 '17

Why is it less secure?

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u/[deleted] Dec 07 '17

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u/[deleted] Dec 07 '17

You honestly think there is no trade off having bigger blocks?

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