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>If people are using it as an easy way to store money in USD and then convert back to BTC when the rate goes up, that can get expensive in a hurry. Why would a
by sebzim4500 5y ago
>If people are using it as an easy way to store money in USD and then convert back to BTC when the rate goes up, that can get expensive in a hurry.
Why would anyone do this? In what universe is buying games and then requesting refunds easier than clicking buy/sell on coinbase/kraken/etc.
- bastawhiz 5y agoDid steam charge a transaction fee for refunds? If not, there's your answer.
- isodev 5y agoBy law refunds are free within the first 14 days of a purchase in the EU. That's plenty of opportunity to "speculate" with coin prices.
- j-bos 5y agoReminds me of the old gamestop greentext
- withinboredom 5y agoAs an American living outside of America, getting non-US investment accounts is impossible, and most US banks don’t want non-residents investing, and lying about your address can get you in hot water with the IRS (are you, or are you not living in the US?). Crypto companies follows much the same pattern and in some cases you can buy crypto but can’t cash out. If you could buy a game with bitcoin and get cash-money in a refund, this is quite viable. We haven’t even started talking about money laundering…