Not sure if this confirms Half-Life 3, or just that GabeN is Satoshi Nakamoto,
they are no longer accepting Bitcoin as payment on Steam.
Here's word why they are bailing on the volatile cryptocurrency:
today, Steam will no longer support Bitcoin as a payment method on our platform
due to high fees and volatility in the value of Bitcoin.
In the past few months we've seen an increase in the volatility in the value of
Bitcoin and a significant increase in the fees to process transactions on the
Bitcoin network. For example, transaction fees that are charged to the customer
by the Bitcoin network have skyrocketed this year, topping out at close to $20 a
transaction last week (compared to roughly $0.20 when we initially enabled
Bitcoin). Unfortunately, Valve has no control over the amount of the fee. These
fees result in unreasonably high costs for purchasing games when paying with
Bitcoin. The high transaction fees cause even greater problems when the value of
Bitcoin itself drops dramatically.
Historically, the value of Bitcoin has been volatile, but the degree of
volatility has become extreme in the last few months, losing as much as 25% in
value over a period of days. This creates a problem for customers trying to
purchase games with Bitcoin. When checking out on Steam, a customer will
transfer x amount of Bitcoin for the cost of the game, plus y amount of Bitcoin
to cover the transaction fee charged by the Bitcoin network. The value of
Bitcoin is only guaranteed for a certain period of time so if the transaction
doesn’t complete within that window of time, then the amount of Bitcoin needed
to cover the transaction can change. The amount it can change has been
increasing recently to a point where it can be significantly different.
The normal resolution for this is to either refund the original payment to the
user, or ask the user to transfer additional funds to cover the remaining
balance. In both these cases, the user is hit with the Bitcoin network
transaction fee again. This year, we’ve seen increasing number of customers get
into this state. With the transaction fee being so high right now, it is not
feasible to refund or ask the customer to transfer the missing balance (which
itself runs the risk of underpayment again, depending on how much the value of
Bitcoin changes while the Bitcoin network processes the additional transfer).
At this point, it has become untenable to support Bitcoin as a payment option.
We may re-evaluate whether Bitcoin makes sense for us and for the Steam
community at a later date.
We will continue working to resolve any pending issues for customers who are
impacted by existing underpayments or transaction fees.