Crypto is great. As long as you stay within its ecosystem
Making crypto backed by more and more things (like games) makes staying within its ecosystem more comfortable in the long run.
Not to mention your still beholden to the traditional payment processors the moment you want to get your money out of crypto and back into an actual usable form.
the moment you need to sit on the line where you’re transferring in and out real money to crypto crypto to real money on a small scale with frequent processes. You just end up right back where you started.
Yeah, but there are already tons of widely-known legal services everybody uses like Coinbase, Binance, etc, which make it easy to P2P from card to crypto and it’s impossible to control money flows after it turns into crypto, which means controlling how people spend their money like this would be impossible. But yeah, regarding big players like Steam adopting crypto and converting into/from real money on large scale - and what payment processors can do about this if they are pissed off - this is something I have no idea about. But people like Elon Musk probably do this a lot with incredible volumes of money.
hisao@ani.social 1 day ago
Making crypto backed by more and more things (like games) makes staying within its ecosystem more comfortable in the long run.
Yeah, but there are already tons of widely-known legal services everybody uses like Coinbase, Binance, etc, which make it easy to P2P from card to crypto and it’s impossible to control money flows after it turns into crypto, which means controlling how people spend their money like this would be impossible. But yeah, regarding big players like Steam adopting crypto and converting into/from real money on large scale - and what payment processors can do about this if they are pissed off - this is something I have no idea about. But people like Elon Musk probably do this a lot with incredible volumes of money.