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[–] 10 points 7 months ago* (last edited 7 months ago) (3 children)

My understanding is this. Let's say Valve accepted crypto payments. If they did, they wouldn't need to go through middlemen payment processors like Visa and Mastercard that can use their influence to dictate what games can and can't be published on Steam.

But yeah the way it works in practice seems to make crypto a commodity, not a currency.

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  • [–] 2 points 7 months ago

    There is a fee for crypto transaction processing. The fee is the same irrespective of dollar value, so for small transactions, like buying a game, it is more than a cc middleman fee.

    Eventually, I think k this is where crypto can work. Something like the digital euro where the transactions are processed by a trusted entity, the European central bank, rather than your local bank through the visa or MasterCard system. If those fees can be low or eliminated, visa and MasterCard are dead.

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