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Stripe Crypto

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Re: Stripe Crypto

#31

Post by dang »

exdsq wrote: post #15
dang wrote: post #10

Earlier quoted context omitted.

Please don't start yet another instance of the same old generic flamewar on HN. The issue isn't whether you're right or wrong, it's that we've had this flamewar hundreds of times already and nothing new comes of it. That makes if off topic for this site, which is supposed to be for curiosity. Curiosity withers under repetition and fries under indignation. https://hn.algolia.com/?dateRange=all&page=0&prefix=false&so..…

Happy to see you’re taking this approach now Dang. It’s really killed a lot of threads and I hope conversations can now go up a level to the technical uses rather than generic ‘ponzi scheme’ claims.

We've been taking this approach for a long time - it's just hard to get the word out.

Re: Stripe Crypto

#32

Post by muttantt »

coconut08 wrote: post #25
muttantt wrote: post #19

Earlier quoted context omitted.

If you got into crypto in 2021-22.. you already missed the boat. This is the cashing out phase.

people have been saying this since 2011. thats not to say that the speculation that is taking place in crypto isnt ridiculous and destructive, but your claim is completely unfounded

The risk reward ratio is just not there anymore. We may see $100K bitcoin, sure, but that's just 3x, you can get that buying and holding TSLA starting today. But IMHO the risk of bitcoin crashing to, say, $10K is pretty significant, especially when Russia sanctions could be used as pretext to regulate crypto to death.

Re: Stripe Crypto

#33

Post by dang »

colesantiago wrote: post #18
exdsq wrote: post #15

Earlier quoted context omitted.

Happy to see you’re taking this approach now Dang. It’s really killed a lot of threads and I hope conversations can now go up a level to the technical uses rather than generic ‘ponzi scheme’ claims.

This technology does not work as designed, advertised and towards the environment. And this announcement is an endorsement of the entire space which is full of scams, is this what you are also endorsing?

I'm not endorsing anything except good threads on Hacker News.

Re: Stripe Crypto

#34

Post by atlantas »

I find the sheer volume of anger and hatred surrounding this and other related announcements completely unhinged. Why are so many people threatened by services that give their users options?

Re: Stripe Crypto

#35

Post by ryanSrich »

simonbarker87 wrote: post #16

I just spent 12 months investigating crypto. I bought come coins, got lucky on that ENS airdrop, made a smart contract, bought an NFT, learned some Solidity, joined some Discords, listen to some podcasts, set up a miner and generally tried to learn about this area. 2 weeks ago I left all but one discord, unfollowed all Web3 specific accounts on Twitter and stopped looking at Binance etc. My life has improved consider…

Yeah you missed this bull run if you’ve only been in for 12 months. The run up in 2020 was the time to be in it. For example you could have bought SOL at sub $1 and made millions. I know so many people (literally dozens) that made that one trade and they’re now set for life.

So much of crypto is about being early to the bull run, finding the few coins that are going to outpace everything else, and just putting a few thousand into each.

Once the first big pump happens there are maybe a few other 5-10x opportunities, but certainly 2 years in everything is dried up. Exit pumps have already started and most major CT personalities are selling, regardless of what they’re saying publicly.

The good news is that you’ll have another opportunity in another 2-3 years.

Re: Stripe Crypto

#36

Post by erulabs »

Am very glad to see this - was considering adding Coinbase's Commerce product due to quite a few requests to accept BTC payments for our hardware at https://kubesail.com - I suppose we have an extremely privacy focused user-base currently. Since we already use Stripe, I would be very glad to simply "enable bitcoin" as a payment method and leave it at that.

Somewhat sadly, I was quite involved in web3 several years ago when the web3.js project was very young - so I have mixed feelings about being glad "someone else is gonna handle it for me". I suppose in the last 5 years I've gone from "Not your keys, not your coins!" to "I just don't want to spend a ton of time on this". Does that mean crypto has failed to live up to the dream or does that mean it's finally boring enough for old-business-owner-me to make use of it? I can't quite decide!

I am a former Stripe employee, so I am quite biased, but I'll just say: In my experience, if the Collison brothers do anything - you'd be a fool to think it's not extremely well thought out. If I hear a rhyme I assume there is a damn good reason.

Re: Stripe Crypto

#38

Post by m00dy »

muttantt wrote: post #19
simonbarker87 wrote: post #16

I just spent 12 months investigating crypto. I bought come coins, got lucky on that ENS airdrop, made a smart contract, bought an NFT, learned some Solidity, joined some Discords, listen to some podcasts, set up a miner and generally tried to learn about this area. 2 weeks ago I left all but one discord, unfollowed all Web3 specific accounts on Twitter and stopped looking at Binance etc. My life has improved consider…

If you got into crypto in 2021-22.. you already missed the boat. This is the cashing out phase.

we haven't build economies on crypto yet. I think we are in buy-and-wait-for-price-up phase. Once we use crypto for utility, we will be in different phase.

Re: Stripe Crypto

#39

Post by samch »

Slight tangent: Maybe it’s just me, but I’m somewhat uncomfortable with the label “crypto” being co-opted as official shorthand for cryptocurrencies. I see how it’s a natural truncation of a long term, but to many of us the word crypto can mean many other things. When I saw the headline, I wondered if they had released their own cryptographic library or something else to that effect.

Re: Stripe Crypto

#40

Post by cshenoy »

fuzzybear3965 wrote: post #21
jhatemyjob wrote: post #9

Earlier quoted context omitted.

What changed is, someone very powerful said this: "One of my incredibly big misses over the last decade was not buying enough Bitcoin. At $60k per Bitcoin, I'm still not sure if one should aggressively buy it, but surely it is telling us that we are at a crisis moment for the Fed."

I searched for who said this but came up empty. Where is this quote from?

Pretty sure it was Peter Thiel.

https://sports.yahoo.com/tech-billionaire-peter-thiel-says-1...

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