ProSteam is cracking down on porn games, to keep Payment Processors happy.
SkullgridOn the one hand, oh noz, the incest games. Who will live without the low effort AI goon crap?
On the other hand, why do the payment companies get to dictate what sales are made? It’s my fucking money, or my fucking store. It’s not the job of the payment processors to determine if I’m buying illegal goods, just that the money goes from me to the store.
iAmTheTotWhy shouldn’t the payment processors get a say in the payments they process? Illegal or not, why should they be forced to process payments that facilitate things against their beliefs?
Steam could pursue other payment processing possibilities instead of acquiescing to their demands.
Steam could pursue other payment processing possibilities
Imagine you can’t use visa or mastercard. What other fucking payment card acceptance system are you going to use for payment processing in under 30 seconds?
Why shouldn’t the payment processors get a say in the payments they process
Because it’s none of their business what I buy. If a store is a reputable business that isn’t defrauding me, and are a legal entity, then whatever they sell to me or I buy from them should only matter to me and the seller.
Illegal or not, why should they be forced to process payments that facilitate things against their beliefs?
So half the market can get nuked once the CEO decides whatever faith du jour they have disallows whatever?
Imagine you can’t use visa or mastercard. What other fucking payment card acceptance system are you going to use for payment processing in under 30 seconds?
This is one of the few places where I think cryptocurrency could be useful. It ain’t much, but there it is.
Incorrect! Bitcoin transactions take 10 FUCKING MINUTES.
How many fingering minutes is that?
Bitcoin has lightning or you could use a chain with faster blocks.
Lightning Labs launched the Lightning Network in 2018 with the goal of reducing the cost and time required for cryptocurrency transaction. Specifically, the bitcoin blockchain can only process around 7 transactions per second (compared to Visa Inc., which can process around 24,000 transactions per second). Despite initial enthusiasm for the Lightning Network, reports on social media of failed transactions, security vulnerabilities, and over-complication lead to a decline in interest.
I’m not really that familiar with LN, to be honest. It looks like there’s almost $500 million in the network available for transactions (source), and according to this report, there were about 6.6 million transactions in August of 2023.
Not MasterCard or Visa levels, for sure, but also not a 10 minute wait for a transaction to complete either.
There are countless other cryptocurrencies than Bitcoin
And literally not a single one of them is useful for the purpose of quick, efficient, and secure transactions.
Blockchains are slow and inefficient by design, since they need to build consensus. On any sufficiently popular blockchain, transactions are either fast or secure, never both.
The “fix” that the crypto industry has come up with is to re-invent banks, except with even more crime and virtually no regulations. Now you’re just entrusting FTX with your coins to enjoy “immediate” transfers, how could that possibly go wrong?
getmonero.org 1 minute average confirmation time, private by default. Eth average confirmation time is 6 seconds and right now it’s doing 16 transactions per second, not counting L2s. Blockchains are way more secure than a centralized database controlled by a financial institution that can freeze or deny you the right to use your money or fat-finger your life savings away with no recourse.
16 transactions per second
Please, that’s nothing. In a mass adoption scenario, the whole thing would either crumble or eat a significant portion of the world’s electric production.
I won’t have an argument about the futility of the whole decentralization endeavor and how it fails to meaningfully address any of the very real concerns that central banking has addressed over the centuries. History has already proven all of you fools.
It’s 16 tps right now because that’s the current demand, highest tps recorded was 57, not counting L2s which are doing 200 tps right now (stats) and can handle way more, for example the biggest one called base can handle 1400 tps alone and the next major eth upgrade is targeting 100000 tps capability.
The costs are much worse than the time imo.