this post was submitted on 17 Aug 2023
557 points (95.7% liked)
Technology
59709 readers
5518 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Yeah and they only make bank because they sit in the middle of the transactions as the trusted third party.
The only way to possibly make NFTs work for Steam would be for them to also start up a side business of "SteamCoin" currency, because the only way to offload the enormous costs of running a blockchain network at scale is to have miners and nodes running the network for their own gains.
And even then, they'd lose autonomy over their own business and it would likely be slower in terms of transactions per second for normal customers.
It's a losing proposition pretty much all around. The only way that an existing company with an adequately equipped IT department would transition to this is if they were forced to by law...and I don't see that happening ever.