The Bitcoin community has long rallied to get the cryptocurrency included among accepted payment methods for popular platforms, and it doesn't get bigger than Steam when it comes to video games, making this a disappointing development for the supporters of the world's most popular cryptocurrency. For Bitcoin, however, the cryptocurrency market takes a fee when a Bitcoin owner initiates a transaction.
When it does happen, as Valve says has been becoming more common, Valve issues a refund for the amount.
The company detailed the decision on Steam's official blog, explaining that recent fluctuations in the value of Bitcoin have made using it on Steam unreasonably hard and costly for consumers.
According to steam, the volatility of Bitcoin has been "extreme" in the last few month.
Airlines Ban Smart Bags That Lack Removable Batteries
Similarly, American Airlines has announced a policy likewise requiring li-ion batteries to be removed from smart luggage. Some even a motor to propel the bags so that they can double as a scooter or just follow their owner around the airport.
Gilead Sciences Inc. (GILD)
Neville Rodie & Shaw Inc increased Oracle Corp (NYSE:ORCL) stake by 142,089 shares to 210,820 valued at $10.57 million in 2017Q2. Conduent Incorporated (NYSE:CNDT) shares were trading higher by 0.27 percent ($0.04) at $15.09 a piece in Tuesday's session.
Valve has been quite open about their concern, especially if a customer were to request a refund or to cover the missing cost of the game they purchased, stating, "It is not feasible to refund or ask the customer to transfer the missing balance (which itself runs the risk of underpayment again, depending on how much the value of Bitcoin change while the Bitcoin network processes the additional transfer)". In an effort to prevent customers from wasting money on fees and to protect itself from volatility, Valve has simply made a decision to remove Bitcoin as an option during checkout. Ideally, the value of Bitcoin would remain stagnant from the transaction's start to its finish, but recent jumps in the currency's volatility mean that the Bitcoin value of a purchase can rapidly change before some transactions are able to finish.
For instance, Steam said that bitcoin transaction fees have "skyrocketed this year". Its volatility and transaction costs are a common sticking point for those looking to use it as a currency, yet the possible solutions to these pitfalls could imperil the decentralization that makes bitcoin appealing in the first place.
Many organizations are still reluctant to trust blockchain technology, however others have found good use cases for it apart from Bitcoin. This highlights the limitations of the cryptocurrency, and Valve now doesn't accept any alternatives. Valve said it may be brought back at some later date, presumably when (or if) it stabilizes, but at least one economist believes that stabilization will come in the form of a crash, which may make it a moot point anyway.
In times of economic uncertainty, parents take care of what's most important first - a place to live, food, and warmth. The program reaches 792 communities covering all 50 states, the District of Columbia, Puerto Rico and the U.S.
The cold of the winter begs for specially-created weapons, with variants available only during the Winter Siege event. Players will also receive a free Winter Siege Supply Drop for logging in to play each week of the Winter Siege event.
However, the Central Intelligence Agency said The Intercept had been fed "inaccurate information by people peddling an agenda". The fact that his sister is Betsy DeVos, Trump's Secretary of Education, gives him access to Trump to pitch this idea.
Air Force Air Demonstration Squadron, known to the entire world as the "Thunderbirds", is the Air Force's Ambassadors in Blue. Advance ticket and exhibitor information will be available mid December on the Wings over Myrtle Beach website .
Navy game is one of the sport's greatest traditions, conjuring images of cadets in uniform and hard-nosed December football. For instance, the jersey's gold numbers are fashioned after the font used on the M29C snowmobiles nicknamed the "Weasel".
While the details of Goodell's new contract remain unknown, consider Jones, the 28-year Cowboys owner, not in Goodell's corner. He later said he would not take the matter to court but told USA TODAY Sports' Jarrett Bell he wanted "accountability".
More than 600 firefighters battled the blaze amid strong Santa Ana winds , some gusting at 70 miles per hour . The area from Sayre Street to the 5 and 14 freeways split was under voluntary evacuation, according to L.A.
Talking about the selfie camera, the Leica developed front camera on P11 smartphones will come with a whopping 24MP resolution. A new leak suggests that Huawei may be hard at work on a beastly camera setup for the next entries in its flagship P-series.
And even if you're stoned or drunk, do not expose me to your junk", besides an illustration of a man exposing his privates. Ross opened the show with a little quip about on-screen diversity: "I know what you guys are thinking.
A USA sign language interpreter has left deaf audiences stumped after delivering gibberish during a police press conference. He later said he is schizophrenic and had seen angels descending in the stadium where the event took place.
22-year-old found dead with bullet injury inside vehicle
Rizwan Khan's father told DNA that he had left home post noon on Monday in the Swift auto . "He left our home noon on Monday". Rizwan's father and other family members reached the given address at Sarojni Nagar and found his body in the auto .
VW senior manager gets 7 years in USA prison
VW's emissions-cheating scandal has cost the company almost $22 billion in criminal and civil penalties in the U.S. alone so far. Why he made a decision to risk arrest by going to the United States, the Times aptly put it, "remains a mystery".
International Space Station Crew Makes Pizza In Orbit
London, New York and California alongside fantastic natural landscapes across our Earth are seen from 250 miles above in Space . The astronauts had foundations for pizza , tomato sauce, cheese, salami, olives, olive oil, anchovy paste, and pesto.