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First they came for steam, then they came for itch.io .
(reddthat.com)
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this post was submitted on 24 Jul 2025
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Games
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I find it funny that a lot of the fediverse is anti-cryptocurrency, yet this is a perfect example of a problem cryptocurrency can solve. No one can stop you from transacting on a number of blockchains.
Too bad cryptobros are more interested in using it as a speculative investment/scam machine than an actual currency.
Yeah the wild swings in exchange value instantly preclude its use as a currency.
Yes you are right, there are always grifters everywhere, unfortunately.
If it was used as an actual currency instead of an investment vehicle for speculators, that would help.
It also has zero protection from scams and fraud.
Cash has zero protection too
And I don't give cash to anonymous people online. I only use cash in-person for immediate services or products.
In theory, crypto could be good for this, but crypto is used (and designed) more as an investment than a transaction tool.
Also, the issue here is not centralized currency under a government, it's centralized payment processing under monopolistic private companies. Crypto is not required to solve that, all that is needed is an alternative payment processor (in an ideal world, probably a public one run by that government, since in a modern world that seems like an essential service to me).
It's a good point, but a payment processor run by the government would also be under pressure (from voters) to wield its power to suppress marginal content.
Imagine a US-government-run payment processor right now - it would be blocking anyone that sells anything "woke" or "DEI".
I am a strong believer in democracy. I don't think that the answer to a bad government is to reduce the power of the government, because that power will inevitably go to undemocratic institutions. Only the government is accountable to the people. So even when the government is currently controlled by people I dislike, I still want more things to be brought under the power of the government rather than privatized.
The answer to bad government actions, in my view, is to fight for a more democratic government, and zealously advocate for good ideas among the voting population.
Honestly, I am OK with payment processors being privatized, they always have been. What needs to happen is regulatory legislation that restricts the grounds on which a financial institution can reject a transaction to strictly what violates interstate commerce law.
True, but crypto is used very successfully all the time to purchase things online. Now just because most of those transactions are for drugs doesn't mean it doesn't work, steam should start accepting monero, the only truly secure and private crypto currency.
Crypto is so heavily regulated now, I don't even know how to procure any cause all the sites I have used years ago are just dead now.
Couldn't you just masturbate the normal way?