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Steam Blocks Games With Cryptocurrency and NFTs

SteamDB revealed on Twitter that Steam now blocks games with ties to cryptocurrency and NFTs, as revealed in the storefront's code.

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Rachel_Alucard50d ago (Edited 50d ago )

I love all the doomposting on twitter by people with that Habbo hotel looking avatar. They always do this whenever someone outside their bubble doesn't want to support their make believe money scheme. I've seen one of them call the others Psycho just because they would rather play a game and enjoy it instead of earning whatever made up currency from it. NFTs bring nothing to help the gaming industry, just more monetization. Whatever will Steam do without such great titles like Chainmons and Cryptokitties? Totally gonna die in a few years because of not having that trash.

Zeref50d ago

Because Betting against new innovations always turns out well

Bobertt49d ago

They are banning it because they have been sued by the government for allowing gambling when games include items that have real world value. It has nothing to do with them hating crypto or NFTs.

annoyedgamer50d ago

They will just go to another platform.

ToddlerBrain50d ago

I don’t know why anyone would down vote you because that’s exactly right. Epic even immediately stepped up to the plate.

TheRealTedCruz50d ago

I mean, it's their right to disallow crypto, but they're shooting themselves in the foot doing so. The idea that your only form of currency needs to be backed by the government says a lot.

Currency is just a man made idea. There's no reason we can't have a secondary version of it, as long as people give it worth.

lodossrage50d ago

@TheRealTedCruz

I often disagree with you. But this isn't one of those times.

A lot of the hate towards cryptocurrency is basically coming from "old money" stoking fear. How many years have we constantly read/heard about crypto bubbles bursting or crypto not having value. Yet slowly companies are starting to adopt blockchain.

People, there's a reason places like Paypal allow you to buy/sell/trade crypto. There's a reason major banks are taking crypto into consideration.

I won't even lie, I have btc, so yeah, I have "skin in the game". But while I've been told my btc was worthless, I've been able to buy amazon cards, psn cards, a ps4, and even paid for a car using majority bitcoin.

To anyone interested in crypto, the best advice I can give is don't let old money people like stock traders scare you. Remember, it's in THEIR best interest that crypto fails, not yours.

TheRealTedCruz50d ago (Edited 50d ago )

I made a large amount of money during the original bitcoin boom.
Now I have a lot invested in multiple coins. It's like I said, coin is only worth what we attribute to it. It's no different than any other currency. If companies make a point to disregard it as a means of currency, they're only hurting themselves.

instantstupor49d ago

A random side musing.

I invest in crypto, so definitely not some luddite who is against it. But I still find it a bit strange that we talk about crypto as an alternative form of currency. It is, at least right now, like stocks. It is mostly pure speculation. There are coins that have functions in terms of ferrying information, that have technological value, but in very few places can you actually spend them. It is mostly about betting on coins, selling out back into fiat or USDT.

There are some online places you can use the tent pole crypto, and we're seeing a bit more adoption, but it is still very niche. I'll be curious to see if it ends up staying mostly as a technological backend piece with speculative value attached, or if we're going to see more of it actually turn into a viable alternative currency.

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