Originally posted by jancokgorenghehe:

STEAM need to accept stablecoin

I've had enough with my debit card being declined, etc. Stablecoin is the future and GENIUS act is enough to say that stablecoin will mantain its peg because there's regulation for it.

I want steam to accept stablecoin so I can use USDT/USDC with ultra low fee to buy game.

I don't want to hear other iamverysmart basement dweller opinion about how stablecoin is useless or something. The fact that VISA/MASTERCARD already accept it, and even stripe is starting to accept it means it's legit.

Crypto is not happening here.

Originally posted by cSg|mc-Hotsauce:

Originally posted by jancokgorenghehe:

STEAM need to accept stablecoin

I've had enough with my debit card being declined, etc. Stablecoin is the future and GENIUS act is enough to say that stablecoin will mantain its peg because there's regulation for it.

I want steam to accept stablecoin so I can use USDT/USDC with ultra low fee to buy game.

I don't want to hear other iamverysmart basement dweller opinion about how stablecoin is useless or something. The fact that VISA/MASTERCARD already accept it, and even stripe is starting to accept it means it's legit.

Crypto is not happening here.

:nkCool:

dont care about crypto bad ai bad people what i care is I can pay with USD backed stablecoin with 0.01$ tx fee.

Stablecoin is the opposite of 'stable'. Alll these crypto nonsense are, by design, are created, by design to have HYPERDEFLATION.

Hyperdeflation is the DESIRED OUTCOME of all crypto.

You'll have to excuse me, if accepting a 'currency' who's intended end goal is to create hyper deflation in an economy, is the dumbest idea imaginable.

If you want these things to be 'currency' then you are, by definition, saying that hyper deflation is a good thing for the economy and that we are apparently dumb for somehow thinking this would be a bad thing.

Declines are usually for bad pin or other things like mismatching billing information. The information must match what the bank has on record.
They have no intention of accepting any form of "coin" anytime soon due to the 50%+ of fraud like last time. Those into that sort of thing burned away any good will towards any "coin".

Originally posted by Satoru:

Stablecoin is the opposite of 'stable'. Alll these crypto nonsense are, by design, are created, by design to have HYPERDEFLATION.

Hyperdeflation is the DESIRED OUTCOME of all crypto.

You'll have to excuse me, if accepting a 'currency' who's intended end goal is to create hyper deflation in an economy, is the dumbest idea

i always hated these crypto bad people who dont know what theyre talking about but keep talking anyway. stablecoin is mantained its peg with short term trasury bond and USD regulated by GENIUS act to be audited monthly and is 1:1 to USD managed by company worth trillions and always redeemable yet these basement dweller somehow cant find difference between ordinary volatile crypto with stablecoin. is that hard to understand?

Originally posted by jancokgorenghehe:

Originally posted by Satoru:

Stablecoin is the opposite of 'stable'. Alll these crypto nonsense are, by design, are created, by design to have HYPERDEFLATION.

Hyperdeflation is the DESIRED OUTCOME of all crypto.

You'll have to excuse me, if accepting a 'currency' who's intended end goal is to create hyper deflation in an economy, is the dumbest idea

i always hated these crypto bad people who dont know what theyre talking about but keep talking anyway. stablecoin is mantained its peg with short term trasury bond and USD regulated by GENIUS act to be audited monthly and is 1:1 to USD managed by company worth trillions and always redeemable yet these basement dweller somehow cant find difference between ordinary volatile crypto with stablecoin. is that hard to understand?

Feel free to use it anywhere else that has products that you want that accepts such a risky payment method, or exchange it and fix the issue with your card being declined. This company got burnt by the crypto fans with massive fraud, so its unlikely to ever return.

Originally posted by Satoru:

Stablecoin is the opposite of 'stable'. Alll these crypto nonsense are, by design, are created, by design to have HYPERDEFLATION.

Hyperdeflation is the DESIRED OUTCOME of all crypto.

You'll have to excuse me, if accepting a 'currency' who's intended end goal is to create hyper deflation in an economy, is the dumbest idea imaginable.

If you want these things to be 'currency' then you are, by definition, saying that hyper deflation is a good thing for the economy and that we are apparently dumb for somehow thinking this would be a bad thing.

if stablecoin is hyperdeflating that means a fiat cash USD is deflating too because every stablecoin is pegged to USD what a dumb take, tell me you never studied beyond high school without telling me

Originally posted by Mad Scientist:

Originally posted by jancokgorenghehe:

i always hated these crypto bad people who dont know what theyre talking about but keep talking anyway. stablecoin is mantained its peg with short term trasury bond and USD regulated by GENIUS act to be audited monthly and is 1:1 to USD managed by company worth trillions and always redeemable yet these basement dweller somehow cant find difference between ordinary volatile crypto with stablecoin. is that hard to understand?

Feel free to use it anywhere else that has products that you want that accepts such a risky payment method, or exchange it and fix the issue with your card being declined. This company got burnt by the crypto fans with massive fraud, so its unlikely to ever return.

the abuse was because volatility not because double spend. so since stablecoin is pegged to USD there is no such thing as volatility.

Originally posted by jancokgorenghehe:

Originally posted by Mad Scientist:

Feel free to use it anywhere else that has products that you want that accepts such a risky payment method, or exchange it and fix the issue with your card being declined. This company got burnt by the crypto fans with massive fraud, so its unlikely to ever return.

the abuse was because volatility not because double spend. so since stablecoin is pegged to USD there is no such thing as volatility.

The abuse was quite literally documented as half or more of the crypto payments being fraudulent.

Never been a fan of crypto personally. That said, I don't give 2 ♥♥♥♥♥ about it if Valve adds it to the store. Good for those that need it. I don't mind, it does not affect me in the slightest.

Originally posted by jancokgorenghehe:

Originally posted by Satoru:

Stablecoin is the opposite of 'stable'. Alll these crypto nonsense are, by design, are created, by design to have HYPERDEFLATION.

Hyperdeflation is the DESIRED OUTCOME of all crypto.

You'll have to excuse me, if accepting a 'currency' who's intended end goal is to create hyper deflation in an economy, is the dumbest idea

i always hated these crypto bad people who dont know what theyre talking about but keep talking anyway. stablecoin is mantained its peg with short term trasury bond and USD regulated by GENIUS act to be audited monthly and is 1:1 to USD managed by company worth trillions and always redeemable yet these basement dweller somehow cant find difference between ordinary volatile crypto with stablecoin. is that hard to understand?

Oh its always funny how people don't understand how economies and currencies work.

Something is only 'stable' if you system can constantly buy enough of the source currency to maintain the peg.

Also note that becuase you are desperately trying to peg your crypto nonsense to the USD you are basically saying "our currency is kinda jank, so we have to peg it to something actually useful otherwise it would be bad".

So either you have ot admit that your idea of a stable coin itself means you are inferior to the fiat currency you are pegged at. Or you have to admit that, like all pegged currencies, it only works until you can't buy enough USD to maintain the peg. This again, basically means that StableCoin is similar to Accumulators, or as we called them I-Kill-You-Laters. It works great, up until it doesn't. If the line stops going up, once it goes down, it goes down HARD

If we only had precedent of a 'stable' coin not actually being stable? its almost like that's never happened before?

https://www.justice.gov/usao-sdny/pr/crypto-enabled-fraudster-sentenced-orchestrating-40-billion-fraud

RIGHT?

Originally posted by Mad Scientist:

Originally posted by jancokgorenghehe:

the abuse was because volatility not because double spend. so since stablecoin is pegged to USD there is no such thing as volatility.

The abuse was quite literally documented as half or more of the crypto payments being fraudulent. :smokeybear:

stablecoin has blacklist function managed by the issuing company, its not volatile, a scammer/phisher/hacker routinely get blacklisted. Its the most regulation obeying centralized crypto there is. its different to bitcoin thats why stripe and VISA/MASTER card dare to accept it

Originally posted by jancokgorenghehe:

Originally posted by Mad Scientist:

The abuse was quite literally documented as half or more of the crypto payments being fraudulent. :smokeybear:

stablecoin has blacklist function managed by the issuing company, its not volatile, a scammer/phisher/hacker routinely get blacklisted. Its the most regulation obeying centralized crypto there is. its different to bitcoin thats why stripe and VISA/MASTER card dare to accept it

https://www.justice.gov/usao-sdny/pr/crypto-enabled-fraudster-sentenced-orchestrating-40-billion-fraud

ORLY safeguards huh? Yeah that seemed to have worked out great

I mean this doesn't happen often right

https://www.webopedia.com/crypto/learn/stablecoin-crashes/

RIGHT?

Stablecoins require them to maintain the peg. This means because they are not an actual country that can generate real GDP, they need to operate as a ponzi scheme, in the hope that 'the line goes up' because as long as it does, they can keep the peg. But the nano-second the line doesn't go up, they can no longer maintain the peg and the system collapses upon itself.

Originally posted by Satoru:

Originally posted by jancokgorenghehe:

i always hated these crypto bad people who dont know what theyre talking about but keep talking anyway. stablecoin is mantained its peg with short term trasury bond and USD regulated by GENIUS act to be audited monthly and is 1:1 to USD managed by company worth trillions and always redeemable yet these basement dweller somehow cant find difference between ordinary volatile crypto with stablecoin. is that hard to understand?

Oh its always funny how people don't understand how economies and currencies work.

Something is only 'stable' if you system can constantly buy enough of the source currency to maintain the peg.

Also note that becuase you are desperately trying to peg your crypto nonsense to the USD you are basically saying "our currency is kinda jank, so we have to peg it to something actually useful otherwise it would be bad".

So either you have ot admit that your idea of a stable coin itself means you are inferior to the fiat currency you are pegged at. Or you have to admit that, like all pegged currencies, it only works until you can't buy enough USD to maintain the peg. This again, basically means that StableCoin is similar to Accumulators, or as we called them I-Kill-You-Laters. It works great, up until it doesn't. If the line stops going up, once it goes down, it goes down HARD

this is why i dont like talking with dunning kruger people who dont even study economic
stablecoin is issued with max circulating supply of its reserve, there is no such thing as buying USD. IT IS issued at the same amount of USD in the reserve, and the function of stablecoin to bring TOKENIZED VERSION of USD to blockchain. Stablecoin EXIST because there is reserve not the other way around. But i guess you won't understand, since you don't understand a damn thing about stablecoin and apparently the people who issued stablecoin such as CIRCLE currently worth $21B and TETHER that worth 500 billion is dumber than this basement dweller. youre a joker.

Originally posted by jancokgorenghehe:

Originally posted by Mad Scientist:

The abuse was quite literally documented as half or more of the crypto payments being fraudulent.

stablecoin has blacklist function managed by the issuing company, its not volatile, a scammer/phisher/hacker routinely get blacklisted. Its the most regulation obeying centralized crypto there is. its different to bitcoin thats why stripe and VISA/MASTER card dare to accept it

Fraud is fraud.
Its not coming back, exchange it to your card and fix the issue with your card. Do not try to enter the wrong country and billing address. It has to match exactly what your bank has.