Originally Posted by Hog's Gone Fishin:
Go back and read through the first 3 pages of this thread, especially page 3, fucking makes me laugh and sick to my stomach at the same time.
Me too and I had a post on page 3 on 2013 referencing the Tulip Bulbs. :-) [Reply]
Originally Posted by BryanBusby:
So do buttcoins still have no use beyond drug buying/selling?
Valve is no longer supports Bitcoin.
As of today, Steam will no longer support Bitcoin as a payment method on our platform due to high fees and volatility in the value of Bitcoin.
In the past few months we've seen an increase in the volatility in the value of Bitcoin and a significant increase in the fees to process transactions on the Bitcoin network. For example, transaction fees that are charged to the customer by the Bitcoin network have skyrocketed this year, topping out at close to $20 a transaction last week (compared to roughly $0.20 when we initially enabled Bitcoin). Unfortunately, Valve has no control over the amount of the fee. These fees result in unreasonably high costs for purchasing games when paying with Bitcoin. The high transaction fees cause even greater problems when the value of Bitcoin itself drops dramatically.
Hacked? Do you call it hacked when someone mugs you and takes your billfold/cash? To hack you they would actually need the physical device to hack it. Even if they do "mug" you and physically get your Trezor they have to crack the password & jump thru hoops & do so before you xfer your funds to another wallet with your private security key (that you store at another different location) [Reply]
Originally Posted by eDave: Valve is no longer supports Bitcoin.
As of today, Steam will no longer support Bitcoin as a payment method on our platform due to high fees and volatility in the value of Bitcoin.
In the past few months we've seen an increase in the volatility in the value of Bitcoin and a significant increase in the fees to process transactions on the Bitcoin network. For example, transaction fees that are charged to the customer by the Bitcoin network have skyrocketed this year, topping out at close to $20 a transaction last week (compared to roughly $0.20 when we initially enabled Bitcoin). Unfortunately, Valve has no control over the amount of the fee. These fees result in unreasonably high costs for purchasing games when paying with Bitcoin. The high transaction fees cause even greater problems when the value of Bitcoin itself drops dramatically.
Bitcoin fees have lowered recently actually but yeah it was pretty ridiculous a few weeks ago.
But for some reason ppl love to pay to higher of a miners fee than they need and lots of wallets & exchanges seem to encourage that. But if you just want to wait a liiitttttle bit longer for your transactions to confirm you can save ALOT on fees.
Originally Posted by BWillie:
I would certainly expect everything but cold storage & offline hardware wallets to get hacked.
Why would you think cold storage and offline are safe? Your piddly $10K in your safe at home? Probably.
Its the major hacks like I posted thats Bitcoin holders problem. If these continue (and they will) the confidence in Bitcoin safety goes down. 50 of those 900 big dogs get their money stolen at the same time, the stock will collapse.
Ask anyone in security. Its only recently that these serious and capable groups turned their attention to Bitcoin due to its recent run up. Now its worth their time. [Reply]
