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I had a stripe account terminated for violating their terms (spoiler alert, I hadn't) but any crypto offering by them will be subject to the same terms. It's a

I had a stripe account terminated for violating their terms (spoiler alert, I hadn't) but any crypto offering by them will be subject to the same terms. It's absolutely toxic that companies like this think they can move into the crypto space, it was set up explicitly to get away from companies like this.

tyre 5y ago
wait so your alternative is blocking some people from using crypto when it was set up explicitly to get away from people being allowed to arbitrarily block users?
bdcravens 5y ago
An advantage of crypto is that you can accept it directly. If you choose a centralized option, you're intentionally moving away from what you're suggesting the crypto space was set up for. As for "companies like this", pretty much every company in the crypto space has terms and conditions. There's no reason why a "crypto native" company will have a more generous interpretation than a company like Stripe. https://help.coinbase.com/en/coinbase/other-topics/other/does-coinbase-freeze-accounts https://help.coinbase.com/en/coinbase/other-topics/other/doe... https://www.gemini.com/legal/user-agreement#section-account-suspension https://www.gemini.com/legal/user-agreement#section-account-...
WhisperingShiba 5y ago
Fortunately, blockchain is permission less and this move will mainly help to introduce companies processing payments with Stripe to the reality of crypto payments. I expect that most power users and big players will opt for a Stripe-free crypto payment method.
edwinwee 5y ago
I work at Stripe—could you email at me at edwin@stripe.com and I can look into what happened?
tootie 5y ago
"[crypto] was set up explicitly to get away from companies like this." I think that's a misleading statement since there are dozens of different currencies out there with different objectives. The original premise of Bitcoin as an alternative decentralized currency has been an abject failure since it has since morphed into an investment asset with no measurable fundamentals. Others exist to make currency transfers easier and they do that pretty well. Some likely exist as money laundering. Doge exists as a joke that got out of hand.

tyre 5y ago

wait so your alternative is blocking some people from using crypto when it was set up explicitly to get away from people being allowed to arbitrarily block users?

bdcravens 5y ago

An advantage of crypto is that you can accept it directly. If you choose a centralized option, you're intentionally moving away from what you're suggesting the crypto space was set up for. As for "companies like this", pretty much every company in the crypto space has terms and conditions. There's no reason why a "crypto native" company will have a more generous interpretation than a company like Stripe. https://help.coinbase.com/en/coinbase/other-topics/other/does-coinbase-freeze-accounts https://help.coinbase.com/en/coinbase/other-topics/other/doe... https://www.gemini.com/legal/user-agreement#section-account-suspension https://www.gemini.com/legal/user-agreement#section-account-...

WhisperingShiba 5y ago

Fortunately, blockchain is permission less and this move will mainly help to introduce companies processing payments with Stripe to the reality of crypto payments. I expect that most power users and big players will opt for a Stripe-free crypto payment method.

edwinwee 5y ago

I work at Stripe—could you email at me at edwin@stripe.com and I can look into what happened?

tootie 5y ago

"[crypto] was set up explicitly to get away from companies like this." I think that's a misleading statement since there are dozens of different currencies out there with different objectives. The original premise of Bitcoin as an alternative decentralized currency has been an abject failure since it has since morphed into an investment asset with no measurable fundamentals. Others exist to make currency transfers easier and they do that pretty well. Some likely exist as money laundering. Doge exists as a joke that got out of hand.