131–140 of 1001 posts
There are lots of crypto skeptics on HN (and we ourselves were disappointed with crypto's payments utility for much of the past decade), so it might be interesting to share what changed our mind over the past couple of years: we started to notice a lot of real-world businesses finding utility in stablecoins. For example, Bridge (a stablecoin orchestration platform that Stripe acquired) is used by SpaceX for managing…
There are lots of crypto skeptics on HN (and we ourselves were disappointed with crypto's payments utility for much of the past decade), so it might be interesting to share what changed our mind over the past couple of years: we started to notice a lot of real-world businesses finding utility in stablecoins. For example, Bridge (a stablecoin orchestration platform that Stripe acquired) is used by SpaceX for managing…
The problem with all that, is the fact it remains possible to create a protocol with N big institutions (governments and large tech companies, big non profit organizations and so forth) signing every block, to create a collaborative system that is perfectly suited for the same task. The system can make progresses as long a given fractions of the participants is available and so forth, there are a number of well known…
That's more or less exactly what this is. Stripe is launching an EVM L1.
The Ethereum Virtual Machine part gives it a mature tech stack with experienced developers and auditors. Plus, well-tested smart contracts that have already processed billions of dollars on other chains can be deployed on Tempo.
The "Stripe L1" part will ensure that it's fast, simple, near zero cost.
There are lots of crypto skeptics on HN (and we ourselves were disappointed with crypto's payments utility for much of the past decade), so it might be interesting to share what changed our mind over the past couple of years: we started to notice a lot of real-world businesses finding utility in stablecoins. For example, Bridge (a stablecoin orchestration platform that Stripe acquired) is used by SpaceX for managing…
There are lots of crypto skeptics on HN (and we ourselves were disappointed with crypto's payments utility for much of the past decade), so it might be interesting to share what changed our mind over the past couple of years: we started to notice a lot of real-world businesses finding utility in stablecoins. For example, Bridge (a stablecoin orchestration platform that Stripe acquired) is used by SpaceX for managing…
There are lots of crypto skeptics on HN (and we ourselves were disappointed with crypto's payments utility for much of the past decade), so it might be interesting to share what changed our mind over the past couple of years: we started to notice a lot of real-world businesses finding utility in stablecoins. For example, Bridge (a stablecoin orchestration platform that Stripe acquired) is used by SpaceX for managing…
> Attributes: High motor
What is meant by that?
[1] https://jobs.ashbyhq.com/tempo-xyz/aab97703-13e2-42e8-9fb9-9...
There are lots of crypto skeptics on HN (and we ourselves were disappointed with crypto's payments utility for much of the past decade), so it might be interesting to share what changed our mind over the past couple of years: we started to notice a lot of real-world businesses finding utility in stablecoins. For example, Bridge (a stablecoin orchestration platform that Stripe acquired) is used by SpaceX for managing…
But as long as I don't see somewhat more transparent conversations with the people in your orbit like patio11, Matt Levine, Kyla etc, where you address how you'll actually tackle the non-technical challenges ahead, this GTM communication and site looks like every other 2019 JPM, HSBC etc "something blockchain" announcement and hard to get behind as something that might as well be really different this time, and not be killed/sidelined by vested interests. Including your own.
This is off-topic to their grand blockchain adventures, but I need to mention it: I would love for stripe to start paying appropriate VAT on transactions between their merchants and EU citizens, I've been on their ass about it for nearly a year now. I've reported multiple merchants to them which simply refused to provide an VAT invoice for any transactions. Legally, merchants outside EU are required to pay VAT on the…
How can an invoice "not be legal" if it records a transaction? Sounds like your jurisdiction is requiring superfluous formatting rules, but I don't see how that's anyone's problem except for yours. You're trying to get Stripe to force merchants to conform to some arbitrary document format for an invoice that isn't even part of Stripe's transaction flow, based on a regex on emails for certain TLDs?? Is Stripe the worl…
So if Stripe doesn't force their merchants to provide an invoice which has company name, company address (jurisdiction!) and company registration number (for me to check if it actually exists) then the invoice is rubbish and to be used as toilet paper.
Simple principle, but in my interactions with Stripe they fight tooth and nail to implement and/or enforce it. And even if their merchants "enable" Stripe invoices then Stripe doesn't stop them from putting random addresses into the forms.
Of course the shitty-invoice merchants often have domain privacy enabled and self-claim to reside in a country without any imprint laws on their website. You can pay to them with VISA/Mastercard via Stripe but have no idea which country they are in. Stripe knows exactly in which country both seller and buyer are located at the time of transaction, and they do not use that information to apply the proper tax rate to the transactions. Also even if you show them that a merchant has been skirting VAT payments for years I think they do not force the merchant to state proper invoices for all impacted transactions during that timeframe.
In my opinion these are systemic compliance deficiencies at Stripe and the lack of technological remedies for this problem is apparent (like checking email TLDs to see if customer is in EU). It result in a significant tax theft problem negatively affecting EU member states.
Earlier quoted context omitted.
Once you take into account AML and KYC laws, which will obviously be enforced should this gain any sort of adoption. What will be different in practice?
The US is working on a law that may exempt crypto from AML/KYC because "innovation". If that passes there will be a rush to blockchain everything.
Earlier quoted context omitted.
It is Reth based. Solana is a completely different implementation.
That is a private Ethereum instance, right?
Historically, there have been hundreds of blockchians that were basically slightly modified forks of Ethereum clients, operated by a small group of validators that sacrifice decetralization in order to achieve higher throughput. This seems to be a slightly higher effort verson of that.