Live data from Hacker News

Moving money internationally

bam.kalzumeus.com

11–20 of 230 posts

Re: Moving money internationally

#11
This is a great overview. They seem to be implying that banks that are otherwise not required to abide by sanctions (say, one located in China) can easily bypass SWIFT restrictions and transact with the affected Russian banks directly. How true is this part in practice?

I'm going to ignore the last bit since that is tangential to the topic and ripe for starting a flame war.

Re: Moving money internationally

#12

Is it just me or is patio11 becoming more and more full of himself? I used to enjoy his writing a lot, but after joining Stripe it seems that something has changed. "I work for the Internet at Stripe" he says without further explanation. Unless "Internet at Stripe" is some internal Stripe group (then please explain what that is), he should have just written that he works at Stripe, full stop. Otherwise anyone could s…

> becoming more and more full of himself?

No, you've just upped your expectations. Public figures are still humans, with all the flaws and mistakes that come with the experience.

> Unless "Internet at Stripe" is some internal Stripe group

Maybe the generous interpretation is that patio11 knows his audience reaches beyond individuals employed at digital companies, maybe folks in finance or government or education. Stripe isn't a well-known provider in brick-and-mortar, or used by fintech, so on a topic on something like SWIFT it makes sense.

Re: Moving money internationally

#13
post #4

Is it just me or is patio11 becoming more and more full of himself? I used to enjoy his writing a lot, but after joining Stripe it seems that something has changed. "I work for the Internet at Stripe" he says without further explanation. Unless "Internet at Stripe" is some internal Stripe group (then please explain what that is), he should have just written that he works at Stripe, full stop. Otherwise anyone could s…

He made a giant ruckus complete with mysterious tweets with hashes of secret documents to claim that Japan was going to have mass casualties from their ostensibly botched covid response. It's okay to make a giant ruckus about something important that you believe nobody is paying attention to. And it's okay to be wrong about that. But it would be nice to see him publicly reckon with how he got it so wrong, and how he'…

Patio11 on this: https://www.kalzumeus.com/2020/04/21/japan-coronavirus/

Re: Moving money internationally

#14
post #7

Earlier quoted context omitted.

I was thinking about the exact same thing. I lost most respect for him in that fiasco. He even said he'd stake his reputation on it, so I guess it's appropriate.

We should take the man at his word: https://twitter.com/patio11/status/1241553311024603140 > I am materially wrong about the most consequential thing I've had to have a view on in 15 years. You should probably degrade your estimate of my ability to think through complex problems.

Until he publicly reckons with how he got it so wrong, and what he's changed about his reasoning process as a result, we should degrade our estimate of his ability to think through complex problems.

Re: Moving money internationally

#15
post #3

Very nice article explaining SWIFT and some other things. Being from a country no one gives a fuck about, I have experienced the sort of "discrimination" described many times. Banks, ISPs, stores, local ad users would just refuse to sell to me. It's a sad reality, but a reality nonetheless. I still remember a needlessly lengthy email from an incorporation service explaining to me the difference between "lawyer" and "…

Fwiw, I'm born-and-raised in the USofA and I couldn't tell you the difference, I think that person was just an asshole.

(Though I suppose I also have learned most things from tv shows and the internet.)

Re: Moving money internationally

#16

Is it just me or is patio11 becoming more and more full of himself? I used to enjoy his writing a lot, but after joining Stripe it seems that something has changed. "I work for the Internet at Stripe" he says without further explanation. Unless "Internet at Stripe" is some internal Stripe group (then please explain what that is), he should have just written that he works at Stripe, full stop. Otherwise anyone could s…

I too reread this sentence a few time to try and understand the message. I think that the author is trying to convey that he believes his work has a positive impact to the "global health" of the internet. Although this may come across of "full of himself" I think that it may be more of a positive mindset view of his work. If we can't convince ourselves of the value of our work then how we will ever convince the world…

It sounds like it's just Silicon Valley's "making the world a better place through scalable fault-tolerant payment APIs", except unironically.

Re: Moving money internationally

#17

Last time I sent money to someone internationally Etherium really was pretty convenient. The Coinbase fees were a little high but otherwise it was near instantaneous, I already had some anyway, and I didn't have to deal with any real hassle.

The transfer part is straightforward, but the hassle with crypto is usually trying to convert it to/from the local currency at either end.

Re: Moving money internationally

#18
post #7
post #4

Earlier quoted context omitted.

He made a giant ruckus complete with mysterious tweets with hashes of secret documents to claim that Japan was going to have mass casualties from their ostensibly botched covid response. It's okay to make a giant ruckus about something important that you believe nobody is paying attention to. And it's okay to be wrong about that. But it would be nice to see him publicly reckon with how he got it so wrong, and how he'…

I was thinking about the exact same thing. I lost most respect for him in that fiasco. He even said he'd stake his reputation on it, so I guess it's appropriate.

He didn't punch a toddler in the face. He was wrong about something in some tweets that probably reached an audience smaller than a mediocre college football game, I don't see how that obligates him to apologize or otherwise prostrate himself.

Re: Moving money internationally

#19
post #14

Earlier quoted context omitted.

We should take the man at his word: https://twitter.com/patio11/status/1241553311024603140 > I am materially wrong about the most consequential thing I've had to have a view on in 15 years. You should probably degrade your estimate of my ability to think through complex problems.

Until he publicly reckons with how he got it so wrong, and what he's changed about his reasoning process as a result, we should degrade our estimate of his ability to think through complex problems.

Why does he owe you something? Should he similarly find every other topic he's been wrong about and make sure to offer apologies and postmortems on his failures?

The dude works at Stripe, not someplace influencing government or health policies.

Post reply on HN