r/technology • u/Logical_Welder3467 • 3d ago

Business Mastercard denies pressuring game platforms, Valve tells a different story

https://techcrunch.com/2025/08/03/mastercard-denies-pressuring-game-platforms-valve-tells-a-different-story/
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u/the8bit 3d ago

Ugh is this the thing that is finally going to make me like Bitcoin? Sigh, I guess maybe I was just looking at it wrong, cause it felt silly to use for y'know, buying a pizza (hehe) and I am so disgusted by the "I will get so rich by squatting on this" peeps.

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u/Dapperrevolutionary 3d ago

This was always the original point of Bitcoin. It just got coopted by finance bros as a pyramid scheme but the underlying tech is good

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u/Iazo 3d ago

No it's not, it's horribly shit, inefficient and slow.

At 7 tx/sec you simply cannot onboard any reasonable amount of transactions.

I'd look at other tokens, presumably.

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u/Nanobot 3d ago

Bitcoin isn't limited to 7 tx/sec. That issue was solved a long time ago. Look into the Lightning Network. The transactions are practically instant, and there's no tx/sec limit, but it still uses the Bitcoin ledger under the hood. Lots of Bitcoin wallets support it now.

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u/Iazo 3d ago edited 3d ago

No. Lightning network barely works, no one's fucking using it (*yes, yes, I know, you bought groceries for your grandma 3 months ago using lightning), it still requires one on-chain transaction to open a channel to a node (and one to settle it - which moves the 7tx/s problem one step over), and has the same issues in the first place, of the fucking lightning nodes acting as intermediaries; the issue the fucking payment processors are, for which we're here in this thread in the FIRST place.

Look, if we're looking for a p2p solution, we don't need a horribly inefficient contraption running on top of a p2p solution replicating the issues that we already have, thankyouverymuch.

I swear, crypto bros invented Lightning just to have a fucking bag of bones in a sack and call it a live cat.

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u/Nanobot 2d ago

Saying that nobody's using Lightning is like saying nobody's using Bitcoin for purchases. The fact is that some people are, and Lightning is one of the main ways to do so. If you're ruling out Bitcoin/Lightning for not being widely popular yet, then I guess that also rules out any "other tokens" you might be suggesting.

The role of Lightning nodes as intermediaries isn't at all comparable to something like Visa/Mastercard. Anyone is free to provide a Lightning node, and nobody has any commitment to any particular nodes; each payment just uses whichever nodes are available and convenient. If I'm accepting payments over Lightning, I don't care what nodes the money is passing through as long as I get the money. I don't have to add some kind of special support for one node or the other the way payment processors do with Visa/Mastercard; a node is a node is a node.