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Stripe Launches L1 Blockchain: Tempo

tempo.xyz

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Re: Stripe Launches L1 Blockchain: Tempo

#21

Post by benwerd »

diggan wrote: post #6

> Tempo was started by Stripe and Paradigm, with design input from Anthropic, Coupang, Deutsche Bank, DoorDash, Lead Bank, Mercury, Nubank, OpenAI, Revolut, Shopify, Standard Chartered, Visa, and more. Does this mean these companies are about to start accepting stablecoins as payment (via Tempo?) some time in the future? Seems out of the ordinary to work with these companies otherwise.

Notable that Anthropic also seems to be involved in x402: https://www.coinbase.com/developer-platform/discover/launche...

Re: Stripe Launches L1 Blockchain: Tempo

#23

Post by ArtTimeInvestor »

Welcome to crypto project number 206701341. At least that is how many are listed on CoinMarketCap:

https://coinmarketcap.com/charts/number-of-cryptocurrencies-...

Bitcoin is decentralized because the sun distributes energy somewhat evenly across the globe.

The other 206701340 crypto projects, including this one, are decentralized because ... ?

From the very sparse info on the page, it seems this project does what so many other chains do to make payments faster and cheaper: They log them on a database that is synchronized across only a few computers.

In other words: I can't find any info on that page explaining how they plan to achieve decentralization.

Re: Stripe Launches L1 Blockchain: Tempo

#25

Post by turnsout »

m00dy wrote: post #18

The folks on Hacker News seem pretty anti-crypto, but I feel like they're missing the point. If we're actually looking for ways to fix the US debt, stablecoins are definitely worth considering

Okay I'll bite—how would stablecoins help fix a $37 trillion problem?

Re: Stripe Launches L1 Blockchain: Tempo

#26

Post by adastra22 »

FergusArgyll wrote: post #11
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

“Fully general” isn’t a disadvantage though. Especially when it comes to blockchain where the more validators the better.

Re: Stripe Launches L1 Blockchain: Tempo

#27

Post by javier123454321 »

asdev wrote: post #17

I'm trying to figure out how this is decentralized? "A diverse group of entities" will run validator nodes. This sounds like it's just a Solana clone then.

It's just an attempt at obfuscating the governance for non-technical regulators to think it's beyond the control of stripe. It's the game that all these L1s are doing, participating in the minimum amount of decentralized theater in order to evade regulations.

Re: Stripe Launches L1 Blockchain: Tempo

#29

Post by Cieric »

etempleton wrote: post #13
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.

True, I think getting a block chain setup in a month is possible. But at the same time I don't think they would try and rush something like this out, stuff breaking would be much worse PR after what has already happened.

I do think it's possible they put more money/talent onto the problem after it happened though.

Re: Stripe Launches L1 Blockchain: Tempo

#30

Post by adastra22 »

prettyblocks wrote: post #12
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.

That is actually and unironically not a lot of money.
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