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Stripe responds to the Financial Connections/Plaid kerfuffle

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Re: Stripe responds to the Financial Connections/Plaid kerfuffle

#101
post #17
post #7

Earlier quoted context omitted.

If Reddit made it easy for me to follow people and have stuff pop into my feed like Twitter, I'd walk away from Twitter.

Ironically, Reddit's main source of news is screenshots of tweets.

We're doing this for the sole purpose of trolling Ted Nelson.

Re: Stripe responds to the Financial Connections/Plaid kerfuffle

#102

I’ll never get over how regressive it is that we are literally clicking on images filled with text as a way to share… text. I seriously cringe each time, lol. Anyway, on topic, it’s good to see this little debacle behind them. Both stripe and plaid offer good services and competition is good in any case. I do wonder if there’s some room for innovation here from Google and Apple. It would be interesting to see if it’s…

This isn’t regressive at all. It’s a way to preserve and document something that will probably be deleted or made private. The alternative is maybe putting it into a pastebin or rehosting the text somewhere but somehow it seems less trustworthy that way even though photoshop exists. For accessibility purposes alt-text should be possible.

Re: Stripe responds to the Financial Connections/Plaid kerfuffle

#103

Earlier quoted context omitted.

Ideas are not free. Good execution is better than good ideas alone, true. But ideas can definitely be worth a lot.

Any sufficiently good idea is really hard to communicate but really easy to demonstrate. That means you get a head start, but the next person gets it for free. That head start is your time to build a business with a moat. If you haven't done it by then, the next person will.

> Any sufficiently good idea is really hard to communicate but really easy to demonstrate.

I'm gonna steal this.

Re: Stripe responds to the Financial Connections/Plaid kerfuffle

#104

I’ll never get over how regressive it is that we are literally clicking on images filled with text as a way to share… text. I seriously cringe each time, lol. Anyway, on topic, it’s good to see this little debacle behind them. Both stripe and plaid offer good services and competition is good in any case. I do wonder if there’s some room for innovation here from Google and Apple. It would be interesting to see if it’s…

This isn’t regressive at all. It’s a way to preserve and document something that will probably be deleted or made private. The alternative is maybe putting it into a pastebin or rehosting the text somewhere but somehow it seems less trustworthy that way even though photoshop exists. For accessibility purposes alt-text should be possible.

https://imgur.com/ju8XgGd

Re: Stripe responds to the Financial Connections/Plaid kerfuffle

#105

A lot of comments here saying that this is the death knell for Plaid, but I wouldn't be so sure. Stripe has launched competitors to existing fintech products and failed to gain traction plenty of times before. Example: Remember the Stripe Corporate Card? It was "launched" as invite-only 3 years ago and is still invite only today, with little signs of traction. Meanwhile both Brex and Ramp have become decacorns throug…

Re: Plaid itself, having used some of their competitors, specifically Finicity, which is one of Stripe's partners for this, I wouldn't be too worried if I were them. IME, Plaid is lightyears ahead in terms of reliability and overall developer and end-user experience.

> IME, Plaid is lightyears ahead in terms of reliability and overall developer and end-user experience.

I regret handing over my bank login details to Plaid, since they scraped my bank statements without stating so upfront and offered that information to 3rd parties (indirectly, as a score of some sort, IIRC, but that's scraping very personal information).

When I mentioned it on HN a year or 2 ago, someone who works there denied the practice - might have been a cofounder. A few months ago I was contacted regarding a settlement for a Plaid class action suit regarding the very actions that had been denied on HN. Plaid - never again.

Re: Stripe responds to the Financial Connections/Plaid kerfuffle

#106

Earlier quoted context omitted.

Re: Plaid itself, having used some of their competitors, specifically Finicity, which is one of Stripe's partners for this, I wouldn't be too worried if I were them. IME, Plaid is lightyears ahead in terms of reliability and overall developer and end-user experience.

> IME, Plaid is lightyears ahead in terms of reliability and overall developer and end-user experience. I regret handing over my bank login details to Plaid, since they scraped my bank statements without stating so upfront and offered that information to 3rd parties (indirectly, as a score of some sort, IIRC, but that's scraping very personal information). When I mentioned it on HN a year or 2 ago, someone who works…

This is something that absolutely blows my mind. The bank's terms of service say you can't hand over your password to anyone, and here is Plaid asking users for their login information! I can't understand how they can ask users to breach terms of service, and have gotten so far.

Re: Stripe responds to the Financial Connections/Plaid kerfuffle

#107

Earlier quoted context omitted.

Im rolling my eyes at this. Dont get into business or politics if you have thin skin.

So... Be born into a lift of luxury?

I thought the lofty rich were the ones with the thin skin, and it's the built-it-with-grit folks that have the thick sink.

Re: Stripe responds to the Financial Connections/Plaid kerfuffle

#108

I’ll never get over how regressive it is that we are literally clicking on images filled with text as a way to share… text. I seriously cringe each time, lol. Anyway, on topic, it’s good to see this little debacle behind them. Both stripe and plaid offer good services and competition is good in any case. I do wonder if there’s some room for innovation here from Google and Apple. It would be interesting to see if it’s…

This isn’t regressive at all. It’s a way to preserve and document something that will probably be deleted or made private. The alternative is maybe putting it into a pastebin or rehosting the text somewhere but somehow it seems less trustworthy that way even though photoshop exists. For accessibility purposes alt-text should be possible.

Twitter allows alt text but it's dependent on the user including it when they post (@collision did not) and it's limited to 1000 characters.

Re: Stripe responds to the Financial Connections/Plaid kerfuffle

#109

A lot of comments here saying that this is the death knell for Plaid, but I wouldn't be so sure. Stripe has launched competitors to existing fintech products and failed to gain traction plenty of times before. Example: Remember the Stripe Corporate Card? It was "launched" as invite-only 3 years ago and is still invite only today, with little signs of traction. Meanwhile both Brex and Ramp have become decacorns throug…

> Meanwhile both Brex and Ramp have become decacorn

That was at peak bubble. Given that most public Fintech companies crashed around 70% from ATH I assume the same holds for Brex and Ramp.

Re: Stripe responds to the Financial Connections/Plaid kerfuffle

#110

I’ll never get over how regressive it is that we are literally clicking on images filled with text as a way to share… text. I seriously cringe each time, lol. Anyway, on topic, it’s good to see this little debacle behind them. Both stripe and plaid offer good services and competition is good in any case. I do wonder if there’s some room for innovation here from Google and Apple. It would be interesting to see if it’s…

This isn’t regressive at all. It’s a way to preserve and document something that will probably be deleted or made private. The alternative is maybe putting it into a pastebin or rehosting the text somewhere but somehow it seems less trustworthy that way even though photoshop exists. For accessibility purposes alt-text should be possible.

It's super regressive. You should be able to maintain all the content and all formatting and styling using far less data than a PNG or JPG of that same text requires. Images of text are super wasteful and their ubiquity is a condemnation of us both as users and software engineers.
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