"This is exactly what we need": Asmongold applauds Valve chairman for banning NFTs on Steam

Asmongold is the latest in a long string of streamers to celebrate anti-NFT regulatory changes. The latest comes from the Valve-owned video game hosting platform Steam, where NFTs were recently banned after Valve co-founder Gabe Newell called the blockchain stream &quot;sketchy.&quot;Read on to find out what exactly led to this ban and how Asmongold and the rest of the streaming community are reacting to itRyan Brown 🎮🇺🇦@ToadsanimeSteam has banned all games that utilise blockchain tech, NFTs, or cryptocurrencies from the platform:nme.com/news/gaming-ne…10:04 AM · Oct 15, 20215891410456Steam has banned all games that utilise blockchain tech, NFTs, or cryptocurrencies from the platform:nme.com/news/gaming-ne… https://t.co/Lpp11rdJqJAsmongold weighs in on NFTs after Steam chairman announces banTwitch streamer Asmongold has been opposed to NFTs, or Non Fungible Tokens, ever since they entered the crypto mainstream. NFTs are a way for artists and creators to establish legal ownership and sell their work via select blockchains in exchange for cryptocurrency.The streamer does not find them to be of any merit and has called them &quot;stupider than astrology&quot; and the adopters of the blockchain &quot;ridiculous&quot; in the past. In a February 26 stream, he reacted to Gabe Newell's stance on NFTs and heavily supported them.&quot;Thank you Gabe. This is exactly what we need to f**king have. It's actually that simple. He's not banning them because he doesn't believe in them, he's not banning them because he hates crypto entirely. It's just that 99% of the NFT promotions are scams then..MAYBE WE SHOULD'NT DO THEM.&quot;The creator also went on to explain why Gabe Newell, co-founder of Valve, associated &quot;sketchy behavior&quot; and &quot;out-of-control fraud&quot; with NFTs in his statement post announcing the ban.&quot;If somebody is on Steam and they're using Steam and they play a game or they get involved in something through an NFT and then they lose money, they had a bad experience on Steam.&quot;Further, when he talked about an environment where people were frequently taken advantage of, he said:&quot;Why would he want to keep games that are used to prey on his customers?&quot;This continues his long-standing hatred of all things crypto, and is in line with his past videos where he has said that he hopes people will &quot;wake the fxxk up&quot; about crypto.Fans react to Asmongold's anti-NFT standAs this is a raging issue, all sides of the community joined in the discussion on the merits and demerits of this aspect of blockchains.Mat | kib0x@kib0x@Asmongold Am i the only one who finds people scrambling to spend thousands of dollars on a [car,watch,shoes,clothes,bags] ridiculous?Its the same, boomers buy a 100k rolex to flex, people in crypto buy a 100k ape to flex6:30 AM · Nov 28, 202184@Asmongold Am i the only one who finds people scrambling to spend thousands of dollars on a [car,watch,shoes,clothes,bags] ridiculous?Its the same, boomers buy a 100k rolex to flex, people in crypto buy a 100k ape to flexNRG hazed@hazedCS@Asmongold One of the worst lapses in my conscience was selling out for a past org who had us push a NFT partnership. But i think people should spend their money how they want without any objections... but it DOOOEEESSS feel like a giant money laundering scheme. LMAO8:51 AM · Nov 28, 2021131@Asmongold One of the worst lapses in my conscience was selling out for a past org who had us push a NFT partnership. But i think people should spend their money how they want without any objections... but it DOOOEEESSS feel like a giant money laundering scheme. LMAOTravis Bramblett@TravisBramblet2@Asmongold Same as people spending that kind of money on art IMO9:21 AM · Nov 28, 2021@Asmongold Same as people spending that kind of money on art IMOdaphne@39daph@Asmongold there are wayyy more people trying to scam each other than people who actually care about the technology/art aspect. they just hope theyre not the last one holding the bag reselling nfts hoping for a profit lol8:16 AM · Nov 28, 2021248036@Asmongold there are wayyy more people trying to scam each other than people who actually care about the technology/art aspect. they just hope theyre not the last one holding the bag reselling nfts hoping for a profit lolCrypto Buddy@Beer_Buddie@Asmongold No, as long as you see the value of blockchain and NFTs and some serious use cases for them in the future. An NFT could represent an actual, unreplicatble COA for a piece of artwork for instance. When you sell the physical artwork, you must also transfer ownership of the NFT.7:33 AM · Nov 28, 20214@Asmongold No, as long as you see the value of blockchain and NFTs and some serious use cases for them in the future. An NFT could represent an actual, unreplicatble COA for a piece of artwork for instance. When you sell the physical artwork, you must also transfer ownership of the NFT.DogNuts@DogNutsTV@Asmongold Hey dude you can have this one for free6:33 AM · Nov 28, 20211@Asmongold Hey dude you can have this one for free https://t.co/7QUGzg6ox7Frank Simmons@franknsimmons@Asmongold i dont know how much i see the value of the technology either tbh, because outside of nfts and crypto im almost certain the future of blockchain tech is going to be in drm which sounds awful2:58 AM · Nov 28, 2021@Asmongold i dont know how much i see the value of the technology either tbh, because outside of nfts and crypto im almost certain the future of blockchain tech is going to be in drm which sounds awfulExperts believe that while both sides of the streaming community and people in general are making valid points about NFTs and cryptocurrency, it comes down to authorities to lay down the law as per the conditions in different countries in a way that both sides are satisfied.

No Results Found