Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Stripe Launches L1 Blockchain: Tempo

tempo.xyz

Post reply on HN
Print view View original

11–20 of 1001 posts

Re: Stripe Launches L1 Blockchain: Tempo

#11

Post by FergusArgyll »

perks_12 wrote: post #4

The whole payment sector is so fucking idiotic. Why would Stripe need a L1? Partnered with paradigm? The company behind every crypto scam in the past 5 years? Who needs this? Who wants this? I just want to order a book from Amazon; why would there be a blockchain?

> Why create a new blockchain?

Stablecoins enable instant, borderless, programmable transactions, but current blockchain infrastructure isn’t designed for them: existing systems are either fully general or trading-focused. Tempo is a blockchain designed and built for real-world payments.

- First line in TFA

Re: Stripe Launches L1 Blockchain: Tempo

#12

Post by prettyblocks »

colesantiago wrote: post #3

I don't get it. Why does Stripe want to creatively ruin their reputation by venturing into crypto / blockchain? I don't see anyone in the real world using blockchains at all. I get AI as it was a real world paradigm shift, but I have never seen anything in this blockchain / crypto space that has reached 100-500 million users let alone 1 billion users, that isn't based on speculation.

Blockchains might not have hundreds of millions of users, but popular L1s have volumes in the many billions of dollars.

Re: Stripe Launches L1 Blockchain: Tempo

#13

Post by etempleton »

Cieric wrote: post #10

I wonder if this was initiated by all of the steam and itch.io content getting removed due to payment processor rules. If I remember correctly steam used stripe (at least at one point in time) so it might be trying to get back into that market without being limited by the payment processors above them.

I imagine this has been in the works much longer than that, but it it has helped provide a real life case study of why this could be a viable product offering.

Re: Stripe Launches L1 Blockchain: Tempo

#14

Post by throw0101d »

NIST's Blockchain Overview, IR 8202, document often comes top of mind when "blockchain" is mentioned:

* https://www.nist.gov/blockchain

Specifically the yes/no flowchart on whether "you may have a useful blockchain use case" (Figure 6 - DHS Science & Technology Directorate Flowchart):

* https://csrc.nist.gov/CSRC/media/Projects/enhanced-distribut...

Re: Stripe Launches L1 Blockchain: Tempo

#15

Post by [deleted] »

colesantiago wrote: post #3

I don't get it. Why does Stripe want to creatively ruin their reputation by venturing into crypto / blockchain? I don't see anyone in the real world using blockchains at all. I get AI as it was a real world paradigm shift, but I have never seen anything in this blockchain / crypto space that has reached 100-500 million users let alone 1 billion users, that isn't based on speculation.

[deleted]
Post reply on HN