In a blog post, Valve engineer Kurtis Chinn lays out its reasons for ditching Bitcoin.
Some financial experts believe that the continued rise in value of a single coin is evidence that the digital money is a bubble and one that is set to burst imminently, costing investors heavily. In a blog post, Valve explained that bitcoin transaction fees have gone up to almost $20 per transaction last week, "compared to roughly $0.20 when we initially enabled Bitcoin".
Steam customers who use Bitcoin pay for the cost of the game, as well as the transaction fee charged by the network - but the processing time for the cryptocurrency has created a problem.
"Unfortunately, Valve has no control over the amount of the fee", wrote Chinn.
The problem stems from the fact that Bitcoin's value is guaranteed only for a short time when making purchases with the cryptocurrency.
He said that the volatile fees with Steam purchases can come from timing delays associated with confirming transactions on the Bitcoin blockchain, which is constantly being updated but can suffer from network congestion. Basically, if the value of bitcoin changes while a customer is finalizing an order, the order will either need to be refunded or Valve must ask the customer to transfer more bitcoin to cover the purchase.
The cryptocurrency may be going through a hard time, but the long wait for the Lightning Network may now be close to over, as recently startups behind the three most active Lightning implementations revealed tests results that include live transactions. But in the case of bitcoin, high transaction fees can make those resolutions costly.
If a Bitcoin-based transaction was prolonged, the value of the coins being transferred could change "significantly", it said.
Steam's original policy was to refund the original payment method back to the buyer or request additional Bitcoin to cover the change in value. "This year, we've seen increasing number of customers get into this state". The company adds that it may re-evaluate if accepting the cryptocurrency makes sense at a later date.
It cuts down on distracted driving by only offering a few options at a time, as opposed to an entire menu, Chamorro said. In addition, he said GM plans to expand integration into its vehicles of music, news and other information services.
We are a long way from having the votes in Congress to impeach, a vote that must happen on a bipartisan basis. Trump's actions may be upsetting to the party, but that talk of impeachment was premature.
You can now make a " highlights " package showing your favorite Stories grouped together, and allow others to see it. This will prompt you to take a photo, which will be included in the message along with the photo you received.
Greg Abbott (R) offered his condolences to Copeland's family and ordered the city's flags lowered to half-staff in his honor. He worked just about every day off to provide for his kids and because he knows that we're short-handed and need the help.
The front facing camera is a 13 MP unit and is accompanied by a very Apple-esque 3D face recognition hardware and software. Speaking first about the pricing and availability of the Honor 7X , it will be exclusively available on Amazon India.
If you own a successful small business, and want an ultimate sports vehicle you can take to meetings...then this could be it. As for cargo, the rear bench seat can be lowered to substantially extend the trunk space from 616 to 1,596 litres.
Those numbers were inflated by his performance at hitter-friendly Coors Field, where he had a 6.01 ERA in 17 games. He projects as a back-of-the-rotation starter for the Cubs , who lost Jake Arietta and John Lackey to free agency.
If you do catch the flu , Brammer suggests taking antivirals such as Tamiflu to reduce the number of days you are sick. Qualifying children and adolescents can receive flu vaccine provided by the Texas Vaccines for Children program.
His 1969-set Manson Murders drama that he's shooting next summer is #9, which would make Star Trek #10 if he indeed makes it. Abrams, with plans to direct, Patrick Stewart has thrown an unlikely hat back into the intergalactic ring.
Five lawmakers have registered their opposition to Australia's bill allowing same-sex marriage across the nation. They were warned multiple times that parliamentary rules prohibit them from making noise and even applauding.
Trump demurred on Monday when asked whether he was trying to send Romney a message by encouraging Hatch to run again. Trump has been urging Hatch to run long before Romney entered the conversation, according to the senator's office.
Area in winter weather advisory, light snow possible
Watch for last-minute forecast changes; if you are using a forecast more than six hours old, it is bad information. Temperatures in the Cobb area are expected to be in the high 30s, and the chance of precipitation is 90 percent.
Penn State, Washington to meet in Fiesta Bowl
The Nittany Lions and Huskies both finished 10-2 and will meet at University of Phoenix Stadium on December 30. Southern California is coming off a 31-28 win over Stanford in the Pac-12 championship game on Friday night.
Curry sprains ankle in Warriors' comeback win
Curry's right foot rolled over Moore's foot and the Warriors point guard fell to the floor. Curry , 29, suffered the injury late in the Warriors' 125-115 road victory in New Orleans.
Spanish judge withdraws arrest warrant for Puigdemont
Puigdemont's party, Junts per Catalunya (Together for Catalonia), could not be immediately reached for comment. But Marta Rovira, Junqueras's deputy in his ERC party, said the decision was politically motivated.
Conyers 'Retiring Today,' Endorses Son to Replace Him
A number of fellow Democrats have called on Conyers to resign, including Minority Leader Nancy Pelosi and fellow Michigan Rep. He added that he hopes his retirement will be viewed in the "larger perspective" of his more than 50 years as a lawmaker.