Stripe Crypto • Hacker News Board

Re: Stripe Crypto

#51

Post by ksec » Thu, Mar 10, 2022, 5:20 PM UTC

candiddevmike wrote: post #5

Just recently moved from Stripe to Paddle after realizing their new tax collection stuff locked out a bunch of my customers--it only supports credit card transactions, not Apple Pay or Google or any of the EU payment options, and Stripe has no ETA on fixing this. With the tax bits, I still have to file and worry about thresholds too, so I switched to Paddle. On top of completely eliminating the tax remittance crap, I…

Is Paddle still Only open to SaaS only ?

Last time I check they won’t even accept any other business.

Re: Stripe Crypto

#52

Post by gonehome » Thu, Mar 10, 2022, 5:20 PM UTC

samch wrote: post #39

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.

This battle has been fought and lost and the language has changed.

I've learned to just accept the new meaning and imo it's better that way (otherwise you'll end up being the person correcting everyone who writes linux to write gnu/linux for the rest of your life).

Crypto implies cryptocurrency now (especially in public facing writing), cryptography is the less common usage.

Re: Stripe Crypto

#53

Post by skrebbel » Thu, Mar 10, 2022, 5:20 PM UTC

samch wrote: post #39

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.

The problem is, words mean what most people think they mean. This means that sometimes, meanings change. I'm totally with you but you gotta admit that the people who think "crypto" means "cryptography" are a tiny, tiny minority right now.

Crypto means internet money. Cryptography is how it's built.

Re: Stripe Crypto

#54

Post by jonathantf2 » Thu, Mar 10, 2022, 5:20 PM UTC

No post body was provided.

Re: Stripe Crypto

#55

Post by JaimeThompson » Thu, Mar 10, 2022, 5:20 PM UTC

jhatemyjob wrote: post #9

harel wrote: post #4

Just last year Stripe wouldn't even allow any crypto business to be their customers. You could not use Stripe if you business was crypto related. A client of mine had to switch implementation to checkout.com because of that. I wonder what changed...

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'm not sure he actually is all that good at picking such things given his history https://en.wikipedia.org/wiki/Peter_Thiel#Clarium_Capital

Re: Stripe Crypto

#56

Post by BoorishBears » Thu, Mar 10, 2022, 5:20 PM UTC

sodality2 wrote: post #20

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…

Can you post the reply? I'm curious about what they said.

Sure, I inquired about the API, and got a templated reply that simply repeated the API's landing page

I replied saying I'd be interested in knowing what they're looking for in potential beta partners:

> That is good to hear. All you need to do is follow the instructions listed in my previous email and wait on contact from the Treasury team. I am happy I was able to assist you.

> Thank you for choosing Stripe!

Keep in mind the "instructions" are to fill out the form that got me into this email chain in the first place: in other words there's nothing about what I asked there.

There's the whole "That's good to hear" reply to a question I asked...

And I was especially taken aback by the whole facetious "happy I was able to assist you" bit after completely ignoring my question.

-

The entire interaction felt like "why are you bothering us", which is honestly would be a fair position if they're looking for established players for example... but why not be direct?

We had other companies flat out say their partners want X million in funding before they'll work with you, and that was fine.

It'd actually take less work than writing out a non-answer like that

Re: Stripe Crypto

#57

Post by coconut08 » Thu, Mar 10, 2022, 5:21 PM UTC

muttantt wrote: post #32

coconut08 wrote: post #25

Earlier quoted context omitted.

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.

this is how you prove that you just learned about crypto last week. if you think that bitcoin was more of a sure thing and less risky relative to reward in 2011 then you have no idea what you are talking about. first of all if bitcoin crashed from 65k to 10k that wouldn't even be the worst drop bitcoin has ever seen. thats like an 85 percent drop. bitcoin has seen MULTIPLE 95+ percent drops over the course of it's life. it's harder to regulate bitcoin today than it has ever been because there are multiple fortune 500 companies and s&p companies that would be massively negatively effected by this change. bitcoin is in a less risky political position than it has ever been in before.

Re: Stripe Crypto

#58

Post by EamonnMR » Thu, Mar 10, 2022, 5:21 PM UTC

samch wrote: post #39

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.

Kinda like Hacker. Ship's probably sailed though...

Re: Stripe Crypto

#59

Post by eclipxe » Thu, Mar 10, 2022, 5:21 PM UTC

atlantas wrote: post #34

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?

HN hates everything.

Re: Stripe Crypto

#60

Post by JaimeThompson » Thu, Mar 10, 2022, 5:21 PM UTC

The main point of crypto these days appears to be to replace the current middlemen with different middlemen who can make more profit while offering the consumer much less legal protection.

It's a bit concerning.