

Are you concerned that Valve runs away with your money?
Are you concerned that Valve runs away with your money?
So there is a network and backbone to it
Yes, it’s a permissionless P2P network.
And you need to do something more than “I give this person a bitcoins for my game”
Signing and sending transaction is exactly it. Transaction says that you send your bitcoins to an address controlled by the other person.
especially when working through a separate storefront. Both to ensure that the person receives their game and you receive their currency.
Crypto doesn’t ensure you get the product. Like with real cash, other party might just run away with money
Well, you take their address, sign a message with your private key saying .001 bitcoin goes there and propagate it over the network. But in very simple terms yep, bitcoins magically land on their address. Whole thing sustains itself on economic incentives and cryptography, without any central authority
As long as merchant doesn’t need to convert from crypto to regular currency, no third party is involved in the transaction, it’s a direct P2P system - in other words - perfect digital cash
Cryptocurrencies themselves are automated, self sustaining systems - no regulation applies at that level at all. In reality crypto “payment processors” provide services of instant exchange to regular currencies, and aren’t even mandatory (but they’re very convenient).
So regulation applies, but only to optional middleman that perform conversion and send regular currency to the merchant
Use crypto wherever you can.
Sixteen kilobytes on the 5200. Sixty-four on the XEGS
Actually, RAM was the most limiting factor back then. Everyone wanted more, so Atari delivered
It was all for show from the start.