Stripe Launches L1 Blockchain: Tempo • Hacker News Board

Re: Stripe Launches L1 Blockchain: Tempo

#321

Post by Imustaskforhelp » Thu, Sep 04, 2025, 7:55 PM UTC

barrenko wrote: post #165

pc wrote: post #46

There are lots of crypto skeptics on HN (and we ourselves were disappointed with crypto's payments utility for much of the past decade), so it might be interesting to share what changed our mind over the past couple of years: we started to notice a lot of real-world businesses finding utility in stablecoins. For example, Bridge (a stablecoin orchestration platform that Stripe acquired) is used by SpaceX for managing…

So what should I "buy" to invest in this vision? Eth?

That's the fun part, You don't have to "buy" anything to invest in this vision.

You just can't "invest" in this vision just as you can't "invest" into treasuries, I mean you could but they don't give 100x the returns.

I skimmed through and I don't see anything that promises a lot of returns and THAT'S A GOOD THING. Just like how things like (okay, I was thinking of some universally loved non ipo company and I thought of silksong which is going to get released, so team cherry!!) So if you want to invest into team cherry, the best you can do right now is maybe buy the game but that isn't investing I think its in the similar manner and its a good thing since it prevents frauds and false returns advertising

There is (usually) no free lunch. Nothing that can give 100x returns anyway, there is insane competition on things like on beating the market consistenly even with 1% is really hard and only very few companies do and even then, their past record doesn't indicate the future remains the same. Tldr: I am that salesman of index funds. also diversify, s&p have a huge concentration on AI stocks and so please diversify into world stocks or maybe even more into non american stocks since american markets are heavily focused on AI and I doubt that it will play out since the markets do feel like they are in a bubble right now

Re: Stripe Launches L1 Blockchain: Tempo

#322

Post by SkidanovAlex » Thu, Sep 04, 2025, 7:55 PM UTC

siddthesquid wrote: post #211

baby wrote: post #182

Earlier quoted context omitted.

I'll attempt an answer: Today, if you want to transact between businesses or retail (folks like you and I), you need to find a route between the two entities' banks. This route might take several hops, passing through some central banks, and some of these hops might be instant or might take days to actually settle. On top of that, you need to pay the service that helped you find a route (SWIFT) and potentially the no…

I think the technology of blockchain is irrelevant. If something can be accomplished on the blockchain, which requires N nodes, a business can probably replicate that same objective with less than N nodes because they don't have to pay the cost of verifying that nodes are acting honestly. This business is incentivized to be honest because otherwise they lose their business. Someone has to pay those costs for the N no…

The most important aspect of blockchain that is relevant here is that your counterparty half a world away and you both agree that you trust the state of this blockchain, and thus can transact on it.

For business running the same code on their 1 node instead of N is not a replacement, because their counterparty has no reason to trust whatever is running on that 1 node.

Your reasoning re: N nodes are expensive is also flawed. Executing a single payment transaction takes a fraction of a second of compute. Even if it is replicated 10,000X, it's still extremely cheap compute-wise. The low cost of transactions has nothing to do with subsidizing.

Re: Stripe Launches L1 Blockchain: Tempo

#323

Post by threetonesun » Thu, Sep 04, 2025, 7:57 PM UTC

alchemist1e9 wrote: post #285

notatoad wrote: post #226

Earlier quoted context omitted.

i'm still unclear what the crypto really adds to this play. stripe customers need to move their money around, and they need a trusted source to hold money. stripe could just do that. why add crypto into the mix?

So many of the crypto skeptic comments on this story are massively out of touch with the products and sophistication of the crypto industry. For those of us who aren’t, the question has basically been flipped to “what does a bank add to this situation?” . I’m typing this shortly after buying my groceries with a visa debit card that was funded 30 seconds before the transaction over Lightning Network with Bitcoin that…

Unless I read this wrong there were likely two "traditional" banks in this process you just described? At the very least it sounds at least twice as complicated as how I pay for groceries with no obvious benefit.

Re: Stripe Launches L1 Blockchain: Tempo

#324

Post by weitendorf » Thu, Sep 04, 2025, 7:57 PM UTC

pc wrote: post #46

There are lots of crypto skeptics on HN (and we ourselves were disappointed with crypto's payments utility for much of the past decade), so it might be interesting to share what changed our mind over the past couple of years: we started to notice a lot of real-world businesses finding utility in stablecoins. For example, Bridge (a stablecoin orchestration platform that Stripe acquired) is used by SpaceX for managing…

Can you explain some of the technical goals of your project and the overall model you're thinking about implementing?

You mentioned sub-cent tx fees, 100k tps, and what I presume to be atomic swaps for stablecoins. Are you thinking about something like $0.10 fees or something like $0.0001 fees? At $0.10 fees at 100ktps that end up representing $100/s in tx costs which is about $8.6M/day or $3B/year. Presumably you expect to make more per year on this project in the ideal case, so are you intending to allow the fees or TPS to "float" upward, or to restrict participation in the L1 to only trusted partners, or for the network operators to make money off the interest from holding the stablecoins' currencies in reserve? What if demand exceeds 100k tps?

Since this will be a corporate backed project how do you plan to handle sanctions and government currency controls, eg if Uncle Sam tells you to drop support for Iranian currency, how will that work?

Will there be account/transaction privacy built into the network through ring cryptography or zk proofs? I'm assuming no, but if your answer is yes and Uncle Sam takes issue with that, what is your plan?

Re: Stripe Launches L1 Blockchain: Tempo

#325

Post by fruitworks » Thu, Sep 04, 2025, 7:58 PM UTC

jcfrei wrote: post #126

sroussey wrote: post #111

Earlier quoted context omitted.

Other countries have controls on currency movements inside and outside their borders.

Blockchains (due to constantly changing validators, nodes, etc.) are much harder to shut down than some dedicated service. I think the current administration understands that loose stablecoin regulation further cements US dollar hegemony, curtails other countries attempts to deprive their citizens of payment and savings alternatives and creates more demand for US treasuries (because that's where stablecoin reserves e…

Not if the blockchain is developed and administered by a single company!

Re: Stripe Launches L1 Blockchain: Tempo

#326

Post by byronic » Thu, Sep 04, 2025, 7:58 PM UTC

This would be more exciting if the current steam/itch situation didn't rest (at least partially) on their shoulders as payment processors. Other people in the threads have brought up the lack of regulation and market capture that Stripe enjoys so I won't rehash those points here.

I can't see this as a positive because of how Stripe has behaved in terms of preventing transactions in the past. Although Tempo is behaving more like a b2b model or fintech-specific orgs in this case, the shoe-drop is when they decide a particular bank, or fintech org, or product is not allowed to perform the transaction on their network after the market capture takes place.

Re: Stripe Launches L1 Blockchain: Tempo

#327

Post by Imustaskforhelp » Thu, Sep 04, 2025, 7:59 PM UTC

jcfrei wrote: post #126

sroussey wrote: post #111

Earlier quoted context omitted.

Other countries have controls on currency movements inside and outside their borders.

Blockchains (due to constantly changing validators, nodes, etc.) are much harder to shut down than some dedicated service. I think the current administration understands that loose stablecoin regulation further cements US dollar hegemony, curtails other countries attempts to deprive their citizens of payment and savings alternatives and creates more demand for US treasuries (because that's where stablecoin reserves e…

To be honest, a nitpick that i have in this comment is that there are other stablecoins aside from us dollar but most people don't seem to use it.

There are gold tokens which I genuinely feel like it can be the best thing ever. Because bitcoin is "digital gold", lmao.... I laugh a lot on this statement nowadays because we genuinely have trustworthy way of having "digital gold" and we don't use that as much as there is hype about bitcoin...

But yes currently, it might benefit the us govt. overall

Re: Stripe Launches L1 Blockchain: Tempo

#328

Post by liotier » Thu, Sep 04, 2025, 8:00 PM UTC

alchemist1e9 wrote: post #285

notatoad wrote: post #226

Earlier quoted context omitted.

i'm still unclear what the crypto really adds to this play. stripe customers need to move their money around, and they need a trusted source to hold money. stripe could just do that. why add crypto into the mix?

So many of the crypto skeptic comments on this story are massively out of touch with the products and sophistication of the crypto industry. For those of us who aren’t, the question has basically been flipped to “what does a bank add to this situation?” . I’m typing this shortly after buying my groceries with a visa debit card that was funded 30 seconds before the transaction over Lightning Network with Bitcoin that…

> “what does a bank add to this situation ?”

In developed states (so, not the USA), regulation that protects the consumer.

Re: Stripe Launches L1 Blockchain: Tempo

#329

Post by wmf » Thu, Sep 04, 2025, 8:01 PM UTC

barrenko wrote: post #165

pc wrote: post #46

There are lots of crypto skeptics on HN (and we ourselves were disappointed with crypto's payments utility for much of the past decade), so it might be interesting to share what changed our mind over the past couple of years: we started to notice a lot of real-world businesses finding utility in stablecoins. For example, Bridge (a stablecoin orchestration platform that Stripe acquired) is used by SpaceX for managing…

So what should I "buy" to invest in this vision? Eth?

Definitely not ETH since Tempo replaces Ethereum.

Re: Stripe Launches L1 Blockchain: Tempo

#330

Post by is_true » Thu, Sep 04, 2025, 8:01 PM UTC

hvb2 wrote: post #209

baby wrote: post #182

Earlier quoted context omitted.

I'll attempt an answer: Today, if you want to transact between businesses or retail (folks like you and I), you need to find a route between the two entities' banks. This route might take several hops, passing through some central banks, and some of these hops might be instant or might take days to actually settle. On top of that, you need to pay the service that helped you find a route (SWIFT) and potentially the no…

So why can a traditional bank not solve this? In Europe you can wire money across borders for free, you just need to know the account number. Arrives in seconds at 0 cost. I feel like a lot of the fintech in the US is purely a result of a lack of regulation. For the example of Argentina, the real reason that business is using crypto is because their currency is unreliable. It might be a good fit there but trading in…

I think the argentinian case was mentioned for marketing purposes. You can trade using the USD dollar which at the end of the day is probably what your client/provider is using anyway.