Comment on Is cryptocurrency good for anything?
Paragone@lemmy.world 15 hours ago
Please read kobo.com/…/attack-of-the-50-foot-blockchain-bitco…
Steam STOPPED taking cryptocurrencies, because of the normal level of criminality in the people drenched in them… “you do NOT want to be doing business with these people”.
I’d use an Algorand-type blockchain for both accounting-records ( breaking “cooking the books” ) & for currency,
but then you’ve got monero which is engineered specifically to enforce that money-laundering is unbreakable, so that organized-crime can move money without any accountability ( I’m including criminal-government-entities, including insider-trading, in organized-crime ).
Nobody’s making the right infrastructure-decisions, … so whatever.
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Nibodhika@lemmy.world 12 hours ago
That’s not true, Steam stopped accepting Bitcoin because of the large transaction fee and value volatility. Here’s the news from when they did that steamcommunity.com/games/…/1464096684955433613 in case you don’t believe someone who was buying games with BTC on Steam back then.