Citing price volatility and transaction fees, Steam, the popular online gaming platform, is out of the bitcoin business effective 6 December. The world’s most popular cryptographic currency is ripping all economic textbooks apart, reaching price highs unimaginable just weeks, if not hours, ago. That, and a congested mempool with transacting costs to compound, means a significant source for bitcoiners’ amusement is now a thing of the past.
Steam Is No Longer Supporting Bitcoin
25% Loss of Value is an Untenable Situation
What do you think of Steam’s decision? Are high fees and volatility reason enough to bow out of bitcoin?
Images courtesy of Pixabay, Steam
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