Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Stripe Crypto

stripe.com

Post reply on HN
Print view View original

421–430 of 450 posts

Re: Stripe Crypto

#421

Post by dbattaglia »

asasidh wrote: post #391
chockchocschoir wrote: post #370

Earlier quoted context omitted.

"Fiat" does not mean "real-world money" as any money you consider "real" is "real". "Fiat" refers to money not backed by something physical, and it is not a new term that appeared from the cryptocurrency space (as many believe). The search trend, https://trends.google.com/trends/explore?date=all&q=Fiat%20M... , seems to be relative stable since start of collecting trend data (2004), with slightly increasing volume as…

fiat means by decree. Bitcoin made the term fiat popular.

I've heard it used often in the past (like 10 - 15 years ago) by some of my Ron Paul loving anti-Fed libertarian friends that were always talking about how we need to move back to the gold standard. I think Bitcoin certainly exposed the term to even more folks with different backgrounds outside of those who study or work in economists and finance.

Re: Stripe Crypto

#422

Post by randomswede »

zarzavat wrote: post #418
uoaei wrote: post #374

Earlier quoted context omitted.

The magnitude of the carbon footprint alone is not enough to hit the threshold? How about the obvious breeding ground for scams, and the tacit approval by the community because all that money (assets) flows to the top? There are more reasons, too. Just because you don't understand someone's argument doesn't mean you should trivialize it.

On the carbon footprint: Ethereum will adopt proof of stake soon, of course you can trade NFTs on other chains but at least there’s an effort to drop the carbon footprint to very low levels. That’s more than you can say about most economic activities that have a large carbon footprint. The scams seems like a very weak reason. The internet is full of scams, is the internet evil?

Ethereum has had "proof of stake" as a goal for multiple years, with no obvious evidence that it is any closer to implemented today than it was 3 years ago. I will believe Ethereum to be proof of stake when I see it.

Re: Stripe Crypto

#423

Post by wahnfrieden »

QuikAccount wrote: post #407
wahnfrieden wrote: post #405

Earlier quoted context omitted.

It's already happened, maybe you're talking about when PoS is dominant / happening in eth, which is not all of crypto and not settled that it will remain dominant

I am referring to PoS in ETH and while it is not settled it will remain dominant, it currently is dominant so all the talk of how eco-friendly crypto will be is just talk until that happens. It is not settled that Proof of Work will takeover as the dominant mining method.

Excuse me - I started by talking about my non-eth non-PoW project, which absolutely is vastly more ecological than tshirt merch. Your response was that it is ecologically impactful then it turns out you’re talking about other things

Re: Stripe Crypto

#424

Post by shafyy »

therealdrag0 wrote: post #355
shafyy wrote: post #333

Earlier quoted context omitted.

Stripe doesn't give two shits about the environment. It's just good PR. If they did, they would know that investing money in carbon recapture is not an effective way to combat climate change. I've had it up to here with people trying to find a technofix to all our problems. It's much more simple than that.

You think “carbon captures” is better PR than alternatives that do work such that they picked this instead? Or you think they just pulled it out of a hat? Or is your explanation just not that good?

Yes, I think "we're investing in hightech innovation that will save the Earth" is better PR than "we're helping reforestation projects".

This is inline with the disconnected Silicon Valley / Tech elite group think that every single problem on Earth can be solvee with technology.

Re: Stripe Crypto

#425

Post by mcdee »

randomswede wrote: post #422
zarzavat wrote: post #418

Earlier quoted context omitted.

On the carbon footprint: Ethereum will adopt proof of stake soon, of course you can trade NFTs on other chains but at least there’s an effort to drop the carbon footprint to very low levels. That’s more than you can say about most economic activities that have a large carbon footprint. The scams seems like a very weak reason. The internet is full of scams, is the internet evil?

Ethereum has had "proof of stake" as a goal for multiple years, with no obvious evidence that it is any closer to implemented today than it was 3 years ago. I will believe Ethereum to be proof of stake when I see it.

The "kiln" testnet is currently running and will carry out the merge in the next few days, which is the final step before the existing proof of work testnets transitioned to proof of stake and then the Ethereum mainnet itself. I think that counts as "obvious evidence".

Re: Stripe Crypto

#426

Post by [deleted] »

randomswede wrote: post #422
zarzavat wrote: post #418

Earlier quoted context omitted.

On the carbon footprint: Ethereum will adopt proof of stake soon, of course you can trade NFTs on other chains but at least there’s an effort to drop the carbon footprint to very low levels. That’s more than you can say about most economic activities that have a large carbon footprint. The scams seems like a very weak reason. The internet is full of scams, is the internet evil?

Ethereum has had "proof of stake" as a goal for multiple years, with no obvious evidence that it is any closer to implemented today than it was 3 years ago. I will believe Ethereum to be proof of stake when I see it.

[deleted]

Re: Stripe Crypto

#427

Post by dmak »

rsstack wrote: post #174
traveler01 wrote: post #93

Earlier quoted context omitted.

If you want to accept cryptocurrency payments and want a privacy focused service you can try Cryptapi...

Not to be negative, but when evaluating financial services CryptAPI are failing most checks: - Three employees on LinkedIn, none with a background in finance, security, accounting, etc. - No audited security certifications (PCI DSS doesn't directly apply, but there should be _something_ that shows that _someone_ checked their processes/code/infrastructure for reasonable best practices) - No fraud protection or anythi…

Not saying I don’t agree with you, but a lot of fiat measures or security certs are based off the weaknesses of tradfi. I am guessing that crypto payment processor requires a much thinner layer of trust and leverages a lot of the underlying blockchain technology without having to build more glue around it.

Re: Stripe Crypto

#428

Post by aerostable_slug »

dougb5 wrote: post #384
aerostable_slug wrote: post #315

Earlier quoted context omitted.

> With NFTs the artist can get a cut of every transfer indefinitely. Too bad this hadn't been invented when Ted Nelson was alive.

You scared me. He is very much still alive. (Or do you know something I don't?)

Huh. I distinctly thought he'd passed. Well, I'm very glad to be wrong!

I wonder what he thinks about this potential enabling technology for transclusion.

Re: Stripe Crypto

#429

Post by chockchocschoir »

asasidh wrote: post #391
chockchocschoir wrote: post #370

Earlier quoted context omitted.

"Fiat" does not mean "real-world money" as any money you consider "real" is "real". "Fiat" refers to money not backed by something physical, and it is not a new term that appeared from the cryptocurrency space (as many believe). The search trend, https://trends.google.com/trends/explore?date=all&q=Fiat%20M... , seems to be relative stable since start of collecting trend data (2004), with slightly increasing volume as…

fiat means by decree. Bitcoin made the term fiat popular.

> Bitcoin made the term fiat popular.

I don't think this is true, and I also provided a link to Google Trends proving this is not true (at least in terms of "Google Popularity"). Do you have any evidence that Bitcoin made that term popular?

Re: Stripe Crypto

#430

Post by seanp2k2 »

MathCodeLove wrote: post #311
wmf wrote: post #271

Earlier quoted context omitted.

Stripe is largely selling well-made shovels for the gold rush here. ... This time around, they ... don't have any exposure to the volatile world of ETH or other coins. Which is... even more evil? They're encouraging an externality which harms normal people but not them.

They're not encouraging crypto anymore than a liquor store encourages alcoholism. The liquor store may lower the barrier to entry for obtaining a bottle of alcohol, but it's ultimately the alcoholics choice to enter the store and purchase it. Offering a product is not evil or immoral. It may be amoral but that's not the same as immoral. Ultimately the market decides what stays and goes except in extraordinary circums…

Distributing drugs is punished much more harshly than individual consumption.

> Offering a product is not evil or immoral

So weapons-grade uranium, chemical weapons, payday loans, extended car warranties, life insurance, habit-forming painkillers, etc are all fine?

As a society, we have decided that some products are indeed unacceptable / immoral.

Post reply on HN