[udev4096]

That's a lie. How can you even make a fraudulent bitcoin transaction?

[buzer]

By spending your coins twice. https://news.ycombinator.com/item?id=30478262

[udev4096]

Who in their right mind would not wait for at least 2-3 confirmations before approving the transaction? It sounds like a skill issue

[warkdarrior]

I, as Steam user, want to pay for and play my game right now, not in 30-60 minutes.

[immibis]

Well, then pay with credit card. I think it's reasonable to make you wait for a bitcoin transaction. That's just how bitcoin is.

A mandatory waiting period for your horny impulse purchase doesn't necessarily seem like a bad thing, anyway.

[lossolo]

That's a solved problem in 2025. There are chains with confirmation times of around 1 second now.

[JCharante]

well don't pay with bitcoin that has a 10 minute block time, use something near the top of this https://www.cryptosettlementtime.com

[habinero]

Money laundering, for one. You release some dumb asset flip and then "buy" it with your dirty crypto and Valve turns it into nice clean fiat money.

And yes, that is on Valve to prevent.

[victorbjorklund]

Fraudlent is accoriding to the law. If I steal your bitcoin I spend them on Steam it is fraudlent. I know cryptobros think stealing bitcoins are OK and shouldnt count as fraud but law isnt written by cryptobros.

[gruez]

how were they able to conclude the coins were stolen?

[pests]

It’s not this. Steam accepted 0confirmations to ease the payment flow. Before the transaction would be mined into a block, the fraudster would submit a new higher priority transaction sending the payment to themselves.