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Stripe Crypto

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Re: Stripe Crypto

#261

Post by edwinwee »

johnm212 wrote: post #207

> Build your crypto business with Stripe I would hesitate building any business on Stripe. However, if you are considering using Stripe Crypto, build the integration it in a way that you can easily migrate away. We built our credit card processing and invoicing on Stripe. We've only processed $2.5m and now we are migrating away. We are 2 months into the migration. It's worth the migration cost, working with Stripe ha…

I work at Stripe and I'd like to hear what went wrong here. (Feel free to email me directly at edwin@stripe.com.)

Re: Stripe Crypto

#262

Post by hemantv »

quadrifoliate wrote: post #166

It is important to recognize that Stripe is largely selling well-made shovels for the gold rush here. They have a history of diving more deeply into this market [1] and withdrawing from it before [2], so this is just Take 2. This time around, they are not themselves buying Cube Thingies or similar and don't have any exposure to the volatile world of ETH or other coins. I think there will be decent transfer of money f…

It's high spread market. Any financial firms are salivating at how to take advantage and profit from it.

Coinbase whole business is spreads.

Re: Stripe Crypto

#263

Post by Daishiman »

elefanten wrote: post #146
StewardMcOy wrote: post #131

It's very strange seeing the option near the bottom of the page to donate a fraction of your revenue from Stripe Crypto to carbon recapture efforts. I agree with Stripe that, at this point, the solution to our climate problems must include carbon recapture, but it's not an ideal situation to be in. Businesses entering the crypto space always seem to tout carbon offsets and sidechains that use less energy, but offsets…

The “ecological damage” is a rounding error and being mitigated in several ways. This is not a serious concern for cryptocurrency, despite how often and blindly its repeated.

Which ways?

Re: Stripe Crypto

#264

Post by cuteboy19 »

wahnfrieden wrote: post #224
quadrifoliate wrote: post #166

It is important to recognize that Stripe is largely selling well-made shovels for the gold rush here. They have a history of diving more deeply into this market [1] and withdrawing from it before [2], so this is just Take 2. This time around, they are not themselves buying Cube Thingies or similar and don't have any exposure to the volatile world of ETH or other coins. I think there will be decent transfer of money f…

My interest in web3 + art is from finding new livable income sources for artists generally. Less about big money speculation, more about getting more artists supported such that they don’t need a day job or purely commercial art pursuits (as opposed to “fine art”). I understand the current state of crypto isn’t near offering this outside of hyped speculative investments I’m also not interested in ideas on a shelf tha…

Unfortunately most new NFT projects are computer generated (no humans need apply). They have basically figured out that paying an actual human for the art is not needed when people will just buy cg art for the same price. There is one that just minted RGB colors. Its reddit AMA was pretty hilarious actually.

Those that do include human art have a strong tendency to just lift uncredited art from Pinterest or deviantart. Supposedly the purpose of NFTs was to provide the provenance for art. But it seems that most NFT art is stolen from actual artists.

Re: Stripe Crypto

#266

Post by dannyw »

root_axis wrote: post #217
elefanten wrote: post #146

Earlier quoted context omitted.

The “ecological damage” is a rounding error and being mitigated in several ways. This is not a serious concern for cryptocurrency, despite how often and blindly its repeated.

It's hardly a rounding error, but I'm sympathetic to the fact that there are a lot more important concerns with respect to climate change than PoW, however, there is still a valid ecological critique of PoW due to it's inherent wastefulness relative to every other technology. The amount of waste necessary to support the network must always grow since any new efficiencies are immediately obviated by the incentive to b…

There’s a full featured testnet for the merge (Ethereum PoS) you can run right now. Yes, the developers were too optimistic with timeframes before, but it’s close and I’d expect it by EOY.

Re: Stripe Crypto

#267

Post by unfocussed_mike »

llsf wrote: post #92
edwinwee wrote: post #64

Earlier quoted context omitted.

And the Cube Thingies are real! https://niftygateway.com/collections/cube-thingies

"We will not rest until 1 billion people are collecting NFTs." Is it Apr. 1st already ?

Every day is April 1st now.

More and more I am convinced that the weasel that crawled into the LHC and got itself killed only died _inside_ the collapsing time bubble it somehow created through an unspecified accident and in which we are now all living.

Outside the time bubble, it scampered away and Brexit, Trump's victory, the Ukraine war and the Tiger King series never happened.

Re: Stripe Crypto

#268

Post by cuteboy19 »

TAKEMYMONEY wrote: post #225
PUSH_AX wrote: post #209

Earlier quoted context omitted.

It's “greater fool” theory at best.

yes yes and let's not forget tulip mania! Did you know that DRUG DEALERS use crypto?!

Is there a rebuttal? Greater fools scheme is a valid criticism, can't just handwave it away everytime

Re: Stripe Crypto

#269

Post by unfocussed_mike »

edwinwee wrote: post #175
danuker wrote: post #88

Earlier quoted context omitted.

"Not yet Available". Aww.

Come back later today for minting time—open edition at 6:30 PM ET for two hours.

I just want to say that the extraordinary unseriousness of this (and the NFT twitter icon, really!?) has convinced me that Stripe is through the looking glass, now.

This is such a demoralising turn of events.

Re: Stripe Crypto

#270

Post by atlantas »

fivre wrote: post #253
wahnfrieden wrote: post #224

Earlier quoted context omitted.

My interest in web3 + art is from finding new livable income sources for artists generally. Less about big money speculation, more about getting more artists supported such that they don’t need a day job or purely commercial art pursuits (as opposed to “fine art”). I understand the current state of crypto isn’t near offering this outside of hyped speculative investments I’m also not interested in ideas on a shelf tha…

This is a solved problem: you pay them for their work, which is how artists have made money since time immemorial. The degree to which artists can make a living off their art is a function of demand and discoverability, not whether they have a payment system (they do need this, but they already have them). I'd be curious to know what fraction of NFT enthusiasts had previously commissioned a piece of art, and of those…

In the current system when an artist creates something and sells it, they typically get paid once, often lowballed. The buyer may turn around and sell it for 100x. The buyer made far more than the artist, who gets nothing in this scenario.

With NFTs the artist can get a cut of every transfer indefinitely.

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