What an unfortunate story, trying to do most stuff right and caring about what you're doing, yet failing due to a lot of things mostly outside of your control. I'd feel justifiably wronged by the bank and the vendors of the third party tech.
Braid is dead, long live Braid
31–40 of 99 posts
Re: Braid is dead, long live Braid
#32Oh no, I was hoping this was about a Braid remake, like Time Travel Understander!
Re: Braid is dead, long live Braid
#33I can some what sympathize with part of what it sounds like here getting crushed by people committing credit card fraud. I had a small little company online in the early day's of the interweb's online payments. We had a very niche retail site, and for a few months we were increasing sales month-to-month. We'd get sales, the merchant company would approve them, and we'd ship out the product. Right up until the point w…
If only there were some good and fast internet payment mechanism without middlemen or gatekeepers, where the person getting paid could be immediately 100% sure that they were in possession of the money. Maybe someone will invent it one day.
In Brazil the central bank has such system for free, it's called PIX and is so good and simple to use that some fintechs lost a good chunk of their market share. You only need your National ID or an email. It became even an expression "send me a pix"
Re: Braid is dead, long live Braid
#34> Every dollar a startup can raise is a gift. For a time I lost sight of this, and I won’t make that mistake again. This seems like too general of advice. If you are profitable without raising, that in itself is a gift. Why take on debt if you don't need to? This might apply to fast-growth ventures that need to outpace competition to have a chance at existing, but not every company is structured like this or is in a…
That strategy works fine till hard times come. Look up Beyond The Summit sometime. Sad story how it ended.
Raising money insulates against death by starvation of funds. Of course, the game becomes different; you need to keep growing. But those are the two alternatives, and of the two, sustained growth over 8 years seems like a better general strategy.
Re: Braid is dead, long live Braid
#35Earlier quoted context omitted.
In the Netherlands we have such a system called iDEAL. People use the app/site from their own bank to authorize the payment and the money arrives on the receiver's bank account instantly and irrevocably (without a judge stepping in). It's also very cheap (like 25 cents fixed). Merchant fraud doesn't appear to be a big problem. Probably because the merchant requires a Dutch bank account, which requires a lot of identi…
I’m not knocking it for Dutch people, but the internet needs a trustworthy global payments system that works for more than the 20 million in .nl. It also sucks that you have to provide strong identity to the payer or payee, sending or receiving payments should not require disclosing identity. That’s a bug, not a feature.
Your need to buy illegal drugs and launder money anonymously and perpetrate fraudulent rug pulls and shill get-rich-quick pyramid schemes should not trump the needs of most other people who simply require a fast, reliable way to make legal secure business transactions without fees and middlemen. Anyway, the Netherlands and rest of the world already has a fully functioning illegal drug trading and money laundering network, without any need for your cryptocurrency bullshit: that's just a solution looking for problems, which it turns out were solved much better, a long time ago.
Re: Braid is dead, long live Braid
#36Earlier quoted context omitted.
I didn't say that the huge fees are unavoidable, but they're the norm. And okay, tell me about how I get some cryptocurrency in a practical way without big middlemen.
The lightning network works great, as does Ethereum. The incumbents successfully lobbied to get easy on-ramps to this competing system regulated basically out of existence. It’s a tragic story.
Yeah, I'm sure that's how SBF feels too, but now he's in jail where he belongs. But that's just good government regulation and law enforcement working the way they're supposed to, and I wouldn't exactly call his lobbying "successful". It's SUPPOSED to feel tragic for the people who tried to do it, and got caught.
Re: Braid is dead, long live Braid
#37When I saw the title, I thought it is the video game Braid[1]. I really want the Anniversary Edition. [1]: http://braid-game.com
It's about time!
Re: Braid is dead, long live Braid
#38Oh no, I was hoping this was about a Braid remake, like Time Travel Understander! https://www.youtube.com/watch?v=1fABGyVzVwI https://en.wikipedia.org/wiki/Braid_(video_game)
Oh man, I was really excited to watch that video, since I love Braid, but wtf is that voice? I couldn't bear listening to it.
Re: Braid is dead, long live Braid
#39When I saw the title, I thought it is the video game Braid[1]. I really want the Anniversary Edition. [1]: http://braid-game.com
I thought it was https://github.com/braid-org/braid-spec
Except I didn't believe it would shut down. It hasn't :)
Re: Braid is dead, long live Braid
#40Earlier quoted context omitted.
I’m not knocking it for Dutch people, but the internet needs a trustworthy global payments system that works for more than the 20 million in .nl. It also sucks that you have to provide strong identity to the payer or payee, sending or receiving payments should not require disclosing identity. That’s a bug, not a feature.
Your need to buy illegal drugs and launder money anonymously and perpetrate fraudulent rug pulls and shill get-rich-quick pyramid schemes should not trump the needs of most other people who simply require a fast, reliable way to make legal secure business transactions without fees and middlemen. Anyway, the Netherlands and rest of the world already has a fully functioning illegal drug trading and money laundering net…
I still hope for some solution to the problem that doesn't depend on imaginary internet money the value of which fluctuates wildly by the minute. We can keep using cash for anonymous transactions, but there are so many limitations to cash transactions that money transfers via internet don't have.