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Stripe Crypto

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Re: Stripe Crypto

#431

Post by seanp2k2 »

fivre wrote: post #253
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…

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…

Yeah; the distributed ledger thing was always a funny value prop to me because it was like…so, replace what we already do today and are responsible for the accuracy of due to many various laws with…something orders of magnitude slower, orders of magnitude more complex, that requires orders of magnitude more compute power so we can…expose all transaction records to everyone involved?

Also, re: art, kinda agree: the current gallery system takes a huge cut of sale prices and a lot of galleries don’t do much to help artists. The real winners, though, are the landlords.

We’ve purchased art with checks before, and even in the “mid-range” price segment, logistics are much more of a problem than counterfeit risk. The logistical part still needs a good solution. Putting a large piece on a palette and trying to get a shipping company to treat it like the delicate and irreplaceable piece it is is tough and/or very expensive. Putting a canvas in the mail is a huge risk. Discovery is another big problem, as many people who might buy art don’t even know how to do so. It’s not like you just scan a QR code and enter your credit card details. A lot of it today is a very personal high-touch sales process that doesn’t always add value (much like cars, but sometimes with zero sleaze if you’re dealing with the actual artist directly). Once you get to the broker model and “if you have to ask” pricing it’s even more opaque and in more need of a solution that isn’t just auctions, but NFTs aren’t the solution.

Re: Stripe Crypto

#432

Post by zoenolan »

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.

Not in every jurisdiction. I would look at Droit de suite [1].

[1] https://en.wikipedia.org/wiki/Droit_de_suite

Re: Stripe Crypto

#433

Post by [deleted] »

BoorishBears wrote: post #8

My respect for Stripe plummeted when I reached out about a closed API and got a passive aggressive answer from support. I don't think I've ever gotten that kind of rude sarcasm/passive aggression from a simple support inquiry, and I vowed never to use their services again. Their competitors to this specific API were much nicer to work with and onboarded us after some basic introductions, so part of me wonders what ot…

[deleted]

Re: Stripe Crypto

#434

Post by bstott »

nightski wrote: post #67
muttantt wrote: post #32

Earlier quoted context omitted.

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.

Very bullish for you to think TSLA is going to be a $3T company in the near future! I'm sure it will happen at some point. Maybe it will due to inflation hah. But on average the market takes very roughly 7 years (probably more) to double your money. So you are talking about a ~10 year time frame.

Realize TSLA is not an EV company.

Re: Stripe Crypto

#435

Post by lottin »

gonehome wrote: post #343
lottin wrote: post #260

Earlier quoted context omitted.

First of all, if you have to liquidate 90% of your wealth in the middle of a market crash you're going to lose most of it before you even get it out of the country. This, of course, assuming you can get out of the country, which for many people is not a realistic option. And finally, movements of capital across borders are highly regulated. You can't simply cross the border and "recreate" your wealth on the other sid…

> "if you have to liquidate 90% of your wealth in the middle of a market crash" That's why I said before the invasion, if the market already crashed probably too late to matter, but you'd still want to get whatever you have out. > "And finally, movements of capital across borders are highly regulated. You can't simply cross the border and "recreate" your wealth on the other side, because all you will have re-created…

Indeed... to me it seems clear that you have little experience escaping autocratic authoritarian governments, and that you don't know much about international finance either (or finance for that matter), yet you somehow feel qualified to talk about these topics and give foolish advice. Don't do that. You're not helping anyone, or any cause.

Re: Stripe Crypto

#436

Post by MathCodeLove »

newswasboring wrote: post #419
MathCodeLove wrote: post #311

Earlier quoted context omitted.

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…

You are conflating logistics with morality. The market will provide argument may make sense logistically but that does not mean its morality.

Logistics is something else entirely.

Any consumer driven market is strongly indicative of its consumers morality, people just don't like to admit it.

Re: Stripe Crypto

#437

Post by ttoinou »

candiddevmike wrote: post #148
ttoinou wrote: post #112

Earlier quoted context omitted.

> their new tax collection stuff Couldn't you turn that off ?

Well, yeah, but I need it so I'm not sure what you're getting at? I didn't just turn it on for funsies, tax remittance sucks. There are APIs you can use, but they're more expensive/complicated than stripe's tax solution that they acquired. Paddle (or some other merchant of record) makes it even easier.

Ah ok, I meant if you want to do your own Tax collection with Stripe AND get more payments options for your users, then it is possible, correct ?

(but here you prefer Paddle to remit EUR VAT taxes for you instead)

Re: Stripe Crypto

#438

Post by MathCodeLove »

seanp2k2 wrote: post #430
MathCodeLove wrote: post #311

Earlier quoted context omitted.

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.

Aside from the WMD's, it's not the products themselves that you likely have grievances with, but the advertising behind them.

Payday loans, while a bad reputation, can truly help someone out in a pinch who has no other options - but often they're not presented to be as abhorrently predatory as they usually are.

Extended car warranties are pushed by the car salesman who tell the consumers that they need it when they almost definitely do not.

Life insurance is actually a wise investment for some, not even sure why you put that on the list.

Pain killers provide an essential service when used properly, the vast majority of consumer don't form a habit, and those that do were almost certainly not told by their doctor or pharmacist the potential addictive nature of the chemicals.

All those products are, in my opinion, completely fine. What's not fine is the often fraudulent advertising required to sell those products. But that's a different discussion.

Re: Stripe Crypto

#439

Post by zxienin »

stripe: “we got to do crypto, or we lose talent“

is it one of those things?

I hear talent exodus to “anything crypto, web3“ is getting real

Re: Stripe Crypto

#440

Post by colesantiago »

TAKEMYMONEY wrote: post #218
colesantiago wrote: post #214

Earlier quoted context omitted.

Quoted post unavailable.

Presented without evidence, dismissed without it.

Then why do they need a price attached to the coin? It seems that speculators are the majority use case for this virtual casino.
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