'50% of transactions were fraudulent' when Steam accepted Bitcoin for payments

Re:'50% of transactions were fraudulent' when Steam accepted... by pfooti on Saturday February 26, 2022 @12:37PM (#30479719)

there's also banks.

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Re:'50% of transactions were fraudulent' when Steam accepted... by esosac on Saturday February 26, 2022 @12:50PM (#30479856)

i don't know about ukraine, but i live in venezuela and i can't do an international wire transfer here. so some people can't rely on banks, but i probably can rely on someone around here wanting to take my cash or car or house and give me bitcoin if i needed to go away. i use localbitcoins a lot of buy local currency in exchange for bitcoin... and i'm not a "crypto person", but it happened to be super useful for me here in that way

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Re:'50% of transactions were fraudulent' when Steam accepted... by nmilo on Saturday February 26, 2022 @12:46PM (#30479827)

But which bank are you trusting in a time of war? We've seen countries have the power to subvert savings accounts, e.g. Greece limited bank withdrawls to £5000/month. Do you trust these banks more than a distributed ledger? This is a question that needs real thought and evaluation, and crypto might be a useful option. Diversification is important.

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Re:'50% of transactions were fraudulent' when Steam accepted... by rosndo on Saturday February 26, 2022 @01:01PM (#30479974)

My Ukrainian bank card still works, but yesterday when I had to send a friend 40k UAH I had to split it into 8 transfers.

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Re:'50% of transactions were fraudulent' when Steam accepted... by loyl on Saturday February 26, 2022 @05:05PM (#30482429)

What bank are you using I am trying to send money to my family and no transaction works

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Re:'50% of transactions were fraudulent' when Steam accepted... by rosndo on Saturday February 26, 2022 @06:16PM (#30483030)

My account is with first Ukrainian.

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