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[Bitcoinist] Valve is Bringing Bitcoin to Over 125 Million Steam Users Worldwide - Page 2

post #11 of 18
I wish I hadn't lost the ~€50 of litecoin I asked my 7970 to mine for a few months. But I did. ):
post #12 of 18
nice but this is going to cause some significant fluctuation in bitcoin prices. i wish i can still mine them in an acceptable manner
post #13 of 18
Bitcoin seems like having stocks in a company that makes nothing and has absolutely nothing to back it's value.
post #14 of 18
Quote:
Originally Posted by BlueNostromo View Post

Bitcoin seems like having stocks in a company that makes nothing and has absolutely nothing to back it's value.

Except it's more like the stock market and it is based on perception... like the stock market. tongue.gif
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post #15 of 18
Quote:
Originally Posted by icanhasburgers View Post

Neither is any major economy nowadays.

Major economies don't have 1000% swings.
post #16 of 18
Quote:
Originally Posted by Mand12 View Post

Major economies don't have 1000% swings.

The more vendors accepting it the more stable it's market becomes. Although I'm not at all a fan if we can't just fix our current economy because Bitcoin is now exclusively to miners with long term investments into it. There is no way to put your efforts to work with it anymore.
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post #17 of 18
Quote:
Originally Posted by MadRabbit View Post

Since BTC isn't your regular exchange market I hope I'm not messing something up here but this seems far from stable


Yeah.. I'm with you there. BTC is far from stable and it isn't a federally accepted form of currency - yet. That said, are there any governments that have accepted it? THAT is what would make it a legitimate currency - not adoption from a gaming community, which in the end is all Steam (and Valve) is.
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post #18 of 18
None of these stories about "big company X accepts bitcoin!!!" are very genuine. They all are using bitpay as an intermediary, so none of the companies themselves are actually taking the coins. No reputable company wants to touch the poop and accept the volatile and uncertain currency. Until Dell, Steam, Newegg, etc. actually take on the risk of holding buttcoins themselves, they aren't truly accepting them and it's certainly far from the revolution that its users are predicting.
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Overclock.net › Forums › Industry News › Rumors and Unconfirmed Articles › [Bitcoinist] Valve is Bringing Bitcoin to Over 125 Million Steam Users Worldwide