Stripe Launches L1 Blockchain: Tempo

Post by dmak » Fri, Sep 05, 2025, 5:23 AM UTC

j2kun wrote: post #294

insane_dreamer wrote: post #282

Earlier quoted context omitted.

Incorrect; it's to bypass the middlemen that create the links of trust between two parties exchanging money. That was the point of Bitcoin from the start. (The many other crypto coins since then are mostly BS freud.)

In this case, Stripe is adding themselves as a middleman. Whether or not it was the point of Bitcoin from the start, "removing the middlemen" is bullshit because you still need exchanges, wallet providers, people running nodes, etc. Cryptocurrency in practice just transfers power from traditional middlemen to new technically-advantaged middlemen.

Post by reubenmorais » Fri, Sep 05, 2025, 5:37 AM UTC

acchow wrote: post #720

dperfect wrote: post #348

Earlier quoted context omitted.

It sounds great, but every time I see this argument, I end up going down the rabbit hole of actually studying how stablecoins operate. And every time, I come to the same conclusion: they always rely on trust in an off-chain oracle or custodian. At that point, a shared ledger implemented with traditional databases / protocols would be faster, easier, and more transparent. Bitcoin (and possibly a few others) is one of…

> they always rely on trust in an off-chain oracle or custodian. At that point, a shared ledger implemented with traditional databases / protocols would be faster, easier, and more transparent. International wire money transfer is far too difficult today. And after you've sent it, you still need to wait minutes (hours?) for the receiving end's bank to actually process the wire and move it into the recipient's account…

Post by keepamovin » Fri, Sep 05, 2025, 5:49 AM 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…

Post by vintermann » Fri, Sep 05, 2025, 5:57 AM UTC

narrator wrote: post #527

raincole wrote: post #403

Earlier quoted context omitted.

> a shared ledger implemented with traditional databases / protocols would be faster, easier, and more transparent. Stablecoin is not a technology. It's an excuse. An excuse to do what banks do while not being regulated like a bank or using the infrastructure banks use. Similar to how Airbnb is not a technology but an excuse to do what hotels do without hotel's license. So it makes no sense to compare it to database,…

Can you do fractional reserve banking with stablecoins where you lend out the underlying dollars to people and don't have full reserves? That's what makes banking tricky. When there are a surge of loan defaults across the banking system the money supply shrinks rapidly unless the government bails them out. Thus, the need for regulation. One reason the U.S government has to like stablecoins is because Tether is one of…

Post by barrenko » Fri, Sep 05, 2025, 6:01 AM UTC

Imustaskforhelp wrote: post #321

barrenko wrote: post #165

Earlier quoted context omitted.

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…