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Stripe Crypto

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Re: Stripe Crypto

#281

Post by joshstrange »

xmprt wrote: post #211
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…

Do you mind giving more information? I've mostly heard good things about Stripe about things like their documentation and APIs. I'd love to hear stuff contrary to that. I personally don't use Stripe either but I'm interested in hearing your reasons so we don't go through a lengthy migration that ends up biting us in the back.

Documentation is amazing, dashboard is amazing, pricing is high, you have to have a lot of volume before they will consider lower rates and/or removing/lowering the flat per-transaction fee. I'm also migrating away. Another reason I'm leaving is in-person payments. They have moved forward on that front but their offering is still pretty lacking. Lastly other processors will profit-share with you much earlier, stripe will do it but again, you have to have a lot of volume first.

Re: Stripe Crypto

#282

Post by rank0 »

jazzkingrt wrote: post #248
rank0 wrote: post #222

Things like this where companies reinvent traditional payment processing “but with crypto” is the antithesis of what crypto used to stand for. As a former believer in the original goal of private p2p digital cash, I am saddened by what crypto has become in practice. Crypto is just centralized as the traditional financial system. Oh and nobody actually uses it as a currency. I feel like I’m one of few who’s actually p…

There are still crypto projects whose primary focus is privacy (eg monero). But unsurprisingly, it's difficult to spend that money without going through a KYC process. I think the "dream" of truly private transactions was always unrealistic. Governments have many tools at their disposal to get what they want. Even cash is only so private. In the USA cash purchases over $10,000 require a report to the IRS.

Monero is my favorite crypto project and the only token I still use today. Their randomX pow protocol is brilliant and the anonymity is opaque as you can get! Requiring those huge memory pages for efficient mining is a great solution for deterring mining botnets.

> I think the "dream" of truly private transactions was always unrealistic. Governments have many tools at their disposal to get what they want.

Unfortunately you may be right. I sure hope not.

Re: Stripe Crypto

#283

Post by kayamon »

rewtraw wrote: post #119
danuker wrote: post #94

Earlier quoted context omitted.

Which cryptos are scams and why?

well, most cryptos are scams. that's extremely obvious. the 0.1% that are not are going to be the foundation for the next generation of web and finance -- this is also obvious. but it's silly to pretend like most cryptos aren't just cash grabs. but just like 99.9% of websites on the internet are scams/ads/useless, doesn't take away from the importance of the legitimately useful websites.

If it's so obvious why can't you explain it?

Re: Stripe Crypto

#285

Post by kayamon »

Nathanael_M wrote: post #252

This is unrelated to the specific story, but as more and more companies and people I respect get involved with it, the more I realize I need to have a working knowledge of Crypto Currency so at the very least I can be involved in the discussion. Does anyone have any good resources for learning the building blocks/vocabulary of Crypto Currency?

https://ocw.mit.edu/courses/sloan-school-of-management/15-s1...

Re: Stripe Crypto

#286

Post by wahnfrieden »

jakelazaroff wrote: post #259
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…

What is the pitch for how web3 will help artists find income without purely commercial art pursuits? Every single web3 art project I've seen has been entirely commercial.

When I say commercial art I don’t mean it’s not sold, I mean it in distinction with fine art. Commercial art means for example product photography or designing a book cover

That said there are also public goods approaches, either where you have ownership without exclusive access (interesting but not obvious to most people how to productize) or grant models

Re: Stripe Crypto

#287

Post by KarlKemp »

atlantas wrote: post #270
fivre wrote: post #253

Earlier quoted context omitted.

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.

That's not always true. German copyright law, for example, includes a right for artists to a cut of the proceeds for auctions in the secondary market.

Re: Stripe Crypto

#288

Post by pyrale »

atlantas wrote: post #270
fivre wrote: post #253

Earlier quoted context omitted.

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.

Physical art typically doesn't get flipped that much, especially art from artists that actually need support.

Re: Stripe Crypto

#289

Post by wahnfrieden »

KarlKemp wrote: post #287
atlantas wrote: post #270

Earlier quoted context omitted.

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.

That's not always true. German copyright law, for example, includes a right for artists to a cut of the proceeds for auctions in the secondary market.

This is what I mean by idea on a shelf - this idea doesn’t have mass adoption momentum and is also not accessible to less established artists

Re: Stripe Crypto

#290

Post by QuikAccount »

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…

NFTs are a shit way of supporting artist and a lot of high profile artist are just having people make NFTs with links to their work without permission so they aren't really making anything off this situation.
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