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This article I think contains the original interview with Gabe. It at least mentions the nature of the fraud [1]. He actually says "the vast majority" which sou
by DangitBobby 5y ago
This article I think contains the original interview with Gabe. It at least mentions the nature of the fraud [1]. He actually says "the vast majority" which sounds like more than 50% to me.
> Another thing was that the vast majority of those transactions, for whatever reason, were fraudulent, where people were repudiating transactions or using illegal sources of funds and things like that. And that's just out of control, right? You want that number, realistically, in a couple of percent, not half of all transactions turning out to be fraudulent transactions. Similarly, with the actors that are currently in this NFT space, they're just not people you really are wanting to be doing business with. That doesn't say anything about the underlying technology, it's just a reflection of the people right now who are viewing it as an opportunity to rip customers off, or engage in money laundering, or other things like that.
1. https://www.rockpapershotgun.com/gabe-newell-interview-steam-deck-crypto https://www.rockpapershotgun.com/gabe-newell-interview-steam...