The $12,000 bitcoin doesn't look so stable when merchants start dropping it, now does it?
Today, Valve have decided to remove Bitcoin from Steam (the gaming platform, not the currency) as a payment method. It's a sad day to see a major retailer drop cryptocurrencies from their systems.
I myself, avoid Bitcoin at all costs, with more suppliers adding surcharges just to deal with how expensive Bitcoin is to handle (Bitpay adds handling fees, Shapeshift tapes on a $10 fee if part of your TX includes BTC). Just last month this post ended up on the front page of r/BTC highlighting how crazy Bitcoin is getting.
Wasn't Bitcoin supposed to be CHEAPER than paying by card? Unfortunately with many retailers being unaware of other cryptocurrencies, and of course "once bitten...", Bitcoin's stubbornness to fix their slow, clogged up system is going to affect us all, with merchants too afraid to touch any cryptocurrency.
What do you think about this? Discuss in the comments on what's next for Bitcoin, and other coins as we see more problems like this pop up.
Source: https://steamcommunity.com/games/593110/announcements/detail/1464096684955433613
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