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I remember when Gumroad was announced on Hacker News 4-5 years ago as a little weekend project. "Over this past weekend I had the idea to build a sort of link
by prawn 11y ago
I remember when Gumroad was announced on Hacker News 4-5 years ago as a little weekend project.
"Over this past weekend I had the idea to build a sort of link shortener but with a payment system built-in... I think it has some potential. What do you guys think?"
https://news.ycombinator.com/item?id=2406614 https://news.ycombinator.com/item?id=2406614
- deleted 11y ago[deleted]
- jrbedard 11y agoIt was April 4th 2011. There's an entertaining sub-thread about Bitcoin in that discussion https://news.ycombinator.com/item?id=2407053 https://news.ycombinator.com/item?id=2407053 At the current ~$0.70 / bitcoin... I can't imagine bitcoins in their current implementation gaining traction as a form of payment with 'regular folks'...
- necubi 11y agoAnd four years later at $400/bitcoin, that's still true.
- cookiecaper 11y agoYep. One of the main allures of credit card processing is that it's instantaneous. Bitcoin's confirmation system is a non-starter as a competitor against credit cards unless you have special circumstances that make it the only practical option (can't trust customers to refrain from filing chargebacks and/or conventional financial institutions won't have anything to do with your business). Ultimately, while Bitcoin may maintain some value, it's not very convenient as an everyday payment instrument (just like gold, actually).
- angryasian 11y agoat this time I would still say thats an accurate statement.
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