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CEO of Steam, Billionaire Gabe Newell, Comments on NFTs, Play-to-Earn Gaming, and Crypto
On the release day of Valve’s new product, the Steam Deck, a portable handheld gaming device, Gabe Newell was interviewed by Rock, Paper, Shotgun. Although the main focus of the conversation was on the console, the CEO of Steam briefly satisfied the curiosity of the crypto gaming community as well.
The interviewer asked Newell a reasonable question about the reason Steam is staying steadfast on blockchain nonacceptance while the rest of the gaming industry expresses interest in the technology.
Newell claimed that though the technology may be promising, it largely relies on how people use it. So far, the space seems to be too volatile and plays host to, in his words, “a lot of sketchy behaviors.” Therefore, Steam views the decision as less protecting users from the technology itself, and more as protecting them from those people “viewing it as an opportunity to rip customers off, or engage in money laundering, or other things like that.”
Here are some explanatory quotes for you from Mr. Newell:
“You have to separate the underlying technology versus which actors are utilising that technology. It’s like, if you’re a chemist, and you’re looking at nitrocellulose, you’re like “Oh, yeah, we can do some really interesting stuff with that.”
“…It’s much more about the actors than it is about the underlying technology, or the rationale for what we’re doing. Similarly, at one point Steam was accepting cryptocurrencies for payments. And it turned out that it just made customers super mad.”
“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…”
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Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
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CEO of Steam, Billionaire Gabe Newell, Comments on NFTs, Play-to-Earn Gaming, and Crypto
On the release day of Valve’s new product, the Steam Deck, a portable handheld gaming device, Gabe Newell was interviewed by Rock, Paper, Shotgun. Although the main focus of the conversation was on the console, the CEO of Steam briefly satisfied the curiosity of the crypto gaming community as well.
The interviewer asked Newell a reasonable question about the reason Steam is staying steadfast on blockchain nonacceptance while the rest of the gaming industry expresses interest in the technology.
Newell claimed that though the technology may be promising, it largely relies on how people use it. So far, the space seems to be too volatile and plays host to, in his words, “a lot of sketchy behaviors.” Therefore, Steam views the decision as less protecting users from the technology itself, and more as protecting them from those people “viewing it as an opportunity to rip customers off, or engage in money laundering, or other things like that.”
Here are some explanatory quotes for you from Mr. Newell:
“You have to separate the underlying technology versus which actors are utilising that technology. It’s like, if you’re a chemist, and you’re looking at nitrocellulose, you’re like “Oh, yeah, we can do some really interesting stuff with that.”
“…It’s much more about the actors than it is about the underlying technology, or the rationale for what we’re doing. Similarly, at one point Steam was accepting cryptocurrencies for payments. And it turned out that it just made customers super mad.”
“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…”
EMAIL NEWSLETTER
Join to get the flipside of crypto
Upgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.
[contact-form-7]
You can always unsubscribe with just 1 click.
Continue reading on DailyCoin
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
CEO of Steam, Billionaire Gabe Newell, Comments on NFTs, Play-to-Earn Gaming, and Crypto By DailyCoin
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On the release day of Valve’s new product, the Steam Deck, a portable handheld gaming device, Gabe Newell was interviewed by Rock, Paper, Shotgun. Although the main focus of the conversation was on the console, the CEO of Steam briefly satisfied the curiosity of the crypto gaming community as well.
The interviewer asked Newell a reasonable question about the reason Steam is staying steadfast on blockchain nonacceptance while the rest of the gaming industry expresses interest in the technology.
Newell claimed that though the technology may be promising, it largely relies on how people use it. So far, the space seems to be too volatile and plays host to, in his words, “a lot of sketchy behaviors.” Therefore, Steam views the decision as less protecting users from the technology itself, and more as protecting them from those people “viewing it as an opportunity to rip customers off, or engage in money laundering, or other things like that.”
Here are some explanatory quotes for you from Mr. Newell:
“You have to separate the underlying technology versus which actors are utilising that technology. It’s like, if you’re a chemist, and you’re looking at nitrocellulose, you’re like “Oh, yeah, we can do some really interesting stuff with that.”
“…It’s much more about the actors than it is about the underlying technology, or the rationale for what we’re doing. Similarly, at one point Steam was accepting cryptocurrencies for payments. And it turned out that it just made customers super mad.”
“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…”
EMAIL NEWSLETTER
Join to get the flipside of crypto
Upgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.
[contact-form-7]
You can always unsubscribe with just 1 click.
Continue reading on DailyCoin
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
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Source link
On the release day of Valve’s new product, the Steam Deck, a portable handheld gaming device, Gabe Newell was interviewed by Rock, Paper, Shotgun. Although the main focus of the conversation was on the console, the CEO of Steam briefly satisfied the curiosity of the crypto gaming community as well.
The interviewer asked Newell a reasonable question about the reason Steam is staying steadfast on blockchain nonacceptance while the rest of the gaming industry expresses interest in the technology.
Newell claimed that though the technology may be promising, it largely relies on how people use it. So far, the space seems to be too volatile and plays host to, in his words, “a lot of sketchy behaviors.” Therefore, Steam views the decision as less protecting users from the technology itself, and more as protecting them from those people “viewing it as an opportunity to rip customers off, or engage in money laundering, or other things like that.”
Here are some explanatory quotes for you from Mr. Newell:
“You have to separate the underlying technology versus which actors are utilising that technology. It’s like, if you’re a chemist, and you’re looking at nitrocellulose, you’re like “Oh, yeah, we can do some really interesting stuff with that.”
“…It’s much more about the actors than it is about the underlying technology, or the rationale for what we’re doing. Similarly, at one point Steam was accepting cryptocurrencies for payments. And it turned out that it just made customers super mad.”
“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…”
EMAIL NEWSLETTER
Join to get the flipside of crypto
Upgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.
[contact-form-7]
You can always unsubscribe with just 1 click.
Continue reading on DailyCoin
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
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