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728 points freedomben | 2 comments | | HN request time: 0s | source
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ranger_danger ◴[] No.44606578[source]
What can be done to loosen card companies' grip on this? It has been a constant problem now for decades.
replies(11): >>44606634 #>>44606685 #>>44606756 #>>44606802 #>>44606833 #>>44606849 #>>44606971 #>>44607003 #>>44607861 #>>44611206 #>>44614164 #
bobsmooth ◴[] No.44606634[source]
Bitcoin was supposed to solve this.
replies(3): >>44606665 #>>44606694 #>>44610958 #
lawn ◴[] No.44606694[source]
And you could indeed use Bitcoin on Steam for a while!

But then the blocks got full, fees and wait times skyrocketed, and in response to the customer backlash Steam removed Bitcoin.

Meanwhile Bitcoiners were (and still are) only focused on number go up instead of other, more productive, use cases.

Such a waste.

replies(2): >>44610813 #>>44613259 #
kingo55 ◴[] No.44610813[source]
There's now Ethereum, Base and Solana featuring US dollar stablecoins and significantly cheaper fees. If you want to go a step further and eliminate the stablecoin issuer's counterparty risk you could even pay in the base asset of ETH. Shopify allows payments from crypto now, so Steam should try it again.

Good luck censoring purchases on ETH.

replies(2): >>44611091 #>>44613081 #
1. paulryanrogers ◴[] No.44611091[source]
Even stablecoins aren't so great for the environment. Proof of stake isn't as bad, but also doesn't offer much beyond traditional systems once KYC is needed.

Am I missing something?

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2. ETH_start ◴[] No.44612808[source]
Stablecoins are great. The only way to be debanked is if the stablecoin issuer explicitly blacklists your address, which is a public act which they will be forced to justify.

And Ethereum's Proof of Stake algorithm is highly censorship resistant. That's why it took seven years to design.