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I want to know what he meant. How is a bitcoin transaction fraudulent? I wonder if steam was accepting 0-conf payments or something and users found a loop-hole to use a game for a few hours before steam realized the issue.
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It could mean that someone is doing a scam and asking people to pay them in steam credit or something like that. That's similarly to the common phone scams that try to get you to buy gift cards and give them numbers.
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How is a bitcoin transaction fraudulent?
THIS! There's no such thing in Bitcoin as "fraudulent transaction". People still don't get how Bitcoin works, is a push system, not pull system.
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Right. Doesn’t make sense.
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I didnt see any correlation with bitcoin. As always, the title says one thing and then they go on rambling about crypto scams. Pure bitcoin fud bs
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The closest thing to a "fraudulent" transaction I can think of is a 0-confirmation transaction that people were double spending to cheat Steam. Maybe Bitcoin bought with stolen credit/debit cards?
Either way its not a Bitcoin problem. Its either a Steam problem or a problem with the legacy financial system.
Steam's bitcoin payments implemention was not great. They def put their b-squad on that project. It mad bitcoin look bad. I'm glad they dropped it.
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