Bitcoin Payment May be Coming to Steam

Bitcoin Payment May be Coming to Steam

Pile of BitCoins

Some new translation strings in Steam's latest update suggests that bitcoin payment is coming soon.

Steam may be getting a new way to pay: with everyone's favorite cryptocurrency: Bitcoin. Some reddit detectives have discovered a suite of strings in Steam's official translation server pointing to bitcoin related payment.

Here are some of the relevant strings in full:

  • bitcoin_authorization_explanation
    Bitcoin transactions are authorized through the BitPay website. Click the button below to open a new web browser to initiate the transaction.
  • bitcoin_payment_tips_header
    Tips for Bitcoin customers
  • bitcoin_payment_tips_text
    This process can take up to 60 seconds. To avoid purchasing failures, please do not hit your back button or close the bitpay window before the process is complete.

Users have pointed out that by using the third party BitCoin converter BitPay (as the strings wold suggest) is zero risk for Valve compared to running a node and implementing the Bitcoin receiving internally, as they can convert and receive it all in USD automatically.

While we don't have official confirmation from Valve yet, it certainly seems like bitcoin payment is on the way.

Source: reddit

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I keep forgetting that Bitcoins are still a thing.

How about Valve does something about the hordes of scammers and highjacked accounts before introducing a payment system renowned for anonymity.

Seems odd for the digital currency that everyone has long forgotten about to be accepted now given the fact that, well, everyone has forgotten about it.

Bitcoin? Haven't heard anything about THAT for some time.

No love for Dogecoin?

image

Rad Party God:
No love for Dogecoin?

image

I'll never for the life of me understand how the whole "doge" meme got so popular. I'd be much quicker at understanding all of quantum physics.

Hooray ... I guess? I'm rather apathetic towards this since I don't have any Bitcoins left after spending them all on drugs perfectly legal things that people use Bitcoins for.

Johnson McGee:
How about Valve does something about the hordes of scammers and highjacked accounts before introducing a payment system renowned for anonymity.

Valve has implemented a number of stumbling blocks for scammers - Steam Guard, repeated reminders to never give your account info to people even if they claim to be Steam staff, email verification for trades... what's left that non-morons can still get suckered by? Genuine question.

Johnson McGee:
How about Valve does something about the hordes of scammers and highjacked accounts before introducing a payment system renowned for anonymity.

How about fixing customer support? I think it's time to end automated responses that come months sometimes years late and to wrong issue.

Steve the Pocket:

Johnson McGee:
How about Valve does something about the hordes of scammers and highjacked accounts before introducing a payment system renowned for anonymity.

Valve has implemented a number of stumbling blocks for scammers - Steam Guard, repeated reminders to never give your account info to people even if they claim to be Steam staff, email verification for trades... what's left that non-morons can still get suckered by? Genuine question.

Except the Steam Guard authenticator and the phone app itself is an absolute train wreck.

My favourite bit was the bit where the Steam app on my phone crashed entirely, then after rebooting the app and trying to log back in it demanded I give it an authentication code that could only be gotten by already being logged into the app in the first place. I had to reset everything and turn the damn thing off to recover my account.

I wonder if they're actually going to instantly convert all bitcoins into US Dollars, as suggested in the article, or if Valve is going to sit on them instead. If they did the latter, it sounds like they could quickly become a major holder of bitcoins...which would probably be a silly idea, unless they're looking to get into the speculation game.

Rad Party God:
No love for Dogecoin?

Can you do more than craft card packs with it? Because that'd make it better than gems already.

Johnson McGee:
How about Valve does something about the hordes of scammers and highjacked accounts before introducing a payment system renowned for anonymity.

I was thinking that'd be rather nice. I mean, it's their company to run as they see fit, but as a wise man once said, "Oh, for fuuuuuck's SAAAAAAAAAKE!"

Plus Greenlight.

This kind of looks like a preparation for an April Fools' joke.

I actually thought Bitcoin was even more dead than before now?

SKBPinkie:

I'll never for the life of me understand how the whole "doge" meme got so popular. I'd be much quicker at understanding all of quantum physics.

Somehow, it's one of the only memes that get me to smile on a consistent basis. Something in my lizard brain just adores it.

A bitcoin is still worth over $350, recently on a rise in value from ~$200 in 2015. It's not really dead at all.

Around 50-60 million USD are transacted in Bitcoin every day. It is far from dead.

A lot of people who never had an interest in bitcoin and thus never even looked into using it decide it's dead because they don't hear about it much. Riiiiiight...

Kotoriii:
Around 50-60 million USD are transacted in Bitcoin every day. It is far from dead.

Of course, the question is how much of those are transfers of value and how many are just shuffling things around.

Zero are transfers of value because bitcoin is garbage hohohoho.

But seriously the useless thing wastes electricity to back a system that only works when people don't collude for their own benefit and is inferior to central databases in all possible ways in any real use case. This combined with the transaction limit (and even if you could "fix" it it would balloon in size forever) makes bitcoin one of the worst examples of people trying to force a square peg into a round hole.

Kalki:

Nobuoa Schniell:
A lot of people who never had an interest in bitcoin and thus never even looked into using it decide it's dead because they don't hear about it much. Riiiiiight...

Or maybe they know more about it than you do.

https://medium.com/@octskyward/the-resolution-of-the-bitcoin-experiment-dabb30201f7#.89xvq1q31

Mike Hearn left, dumped his coins, price moved about $10 downwards. A consensus for the future of Bitcoin and its block size will be reached soon. If you don't like Bitcoin, fine, but don't spread panic and disinformation. Bitcoin has been deemed "dead" dozens of times, and here we are having rumors of Steam implementing it despite such claims.

Kalki:

Kotoriii:

Kalki:

Or maybe they know more about it than you do.

https://medium.com/@octskyward/the-resolution-of-the-bitcoin-experiment-dabb30201f7#.89xvq1q31

Mike Hearn left, dumped his coins, price moved about $10 downwards. A consensus for the future of Bitcoin and its block size will be reached soon. If you don't like Bitcoin, fine, but don't spread panic and disinformation. Bitcoin has been deemed "dead" dozens of times, and here we are having rumors of Steam implementing it despite such claims.

You have to offer something more concrete that a sharp ad hom against someone with credentials, compared to your... what?

Time will tell.

Since Bitcoin doesn't have to go through the banks Vavle could in theory use this to weasel out of refunds. I don't like and and I don't trust Valve.

Kalki:

Kotoriii:

Kalki:

You have to offer something more concrete that a sharp ad hom against someone with credentials, compared to your... what?

Time will tell.

If that's the extent to which you're willing to support your hypothesis, I suggest you keep it to yourself.

I suggest that you keep yourself informed visiting the Bitcoin subreddit, Bitcointalk and the other Bitcoin devs' blogs. There are several other Bitcoin contributors apart from Mike Hearn, and not with such a pessimistic opinion. Stating that Bitcoin "will be dead very soon" doesn't make it a fact, like you make it appear to be. A multi-million dollar industry and businesses around it depend and work with Bitcoin, they will not let it die so willingly due to disagreements on the protocol's scaling, which is what the whole fuzz is about.

Edit: Woops, somebody got banned. Anyways, get informed and make your own opinion peeps! I for one hope and trust that Bitcoin will continue to rise in importance and (hopefully!) in value as well.

Well, the obvious question would have to be...why? Steam deals in legal tender and it's highly-successful. Why do it?

well i guess this will be the way for people that dont want valve to know their credit card details but cant buy steam cards.

Johnson McGee:
How about Valve does something about the hordes of scammers and highjacked accounts before introducing a payment system renowned for anonymity.

what hordes? i have been using steam for almost a decade now and i havent met a single one. and every example of scammers i saw posted required the person being scammed to be braindead.

Zontar:
Seems odd for the digital currency that everyone has long forgotten about to be accepted now given the fact that, well, everyone has forgotten about it.

Do not mistake "no longer makes the news because it isnt used as a financial scam anymore" with "Everyone has forgotten about it".

SKBPinkie:

I'll never for the life of me understand how the whole "doge" meme got so popular. I'd be much quicker at understanding all of quantum physics.

Doge is love, Doge is life.

Doge meme is sadly dieing now, but it was fun while it lasted. Doge was a big fan of desert bus.
image

insanelich:

Kotoriii:
Around 50-60 million USD are transacted in Bitcoin every day. It is far from dead.

Of course, the question is how much of those are transfers of value and how many are just shuffling things around.

Zero are transfers of value because bitcoin is garbage hohohoho.

Dollars are just pieces of paper. Its what you can buy with them that gives them value. you can buy things with bitcoins, which means they have value.

 

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