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As I said in my original post, it would be great if that happened. I'm skeptical proof-of-stake will work at scale. If it does, great, but Stripe should have wa

As I said in my original post, it would be great if that happened. I'm skeptical proof-of-stake will work at scale. If it does, great, but Stripe should have waited until then to support ETH, and not support Bitcoin or other chains currently on proof-of-work. They damage they're doing in the meantime is more detrimental than their recapture efforts are beneficial.

rvz 5y ago
> If it does, great, but Stripe should have waited until then to support ETH, and not support Bitcoin or other chains currently on proof-of-work. Maybe is that why I see Solana on the front-page of Stripe Crypto? Since that is a blockchain that is not only more eco-friendly [0] and many times faster than both Ethereum and Bitcoin put together but one can use right now today rather than waiting for Ethereum Proof-of-Stake for many years. I am not going to tell merchants to pray on a calendar month when ETH 2.0 will launch. They'll just use other blockchains instead if one was told to 'wait'. [0] https://solana.com/news/solana-foundation-carbon-neutral-2021 https://solana.com/news/solana-foundation-carbon-neutral-202...
- StewardMcOy 5y ago
  > Maybe is that why I see Solana on the front-page of Stripe Crypto? This would be a great argument if Solana were the only cryptocurrency that Stripe was supporting, or if Stripe was only supporting cryptocurrencies with similar carbon footprints, but the top image above the fold is a screenshot of using Stripe to purchase Bitcoin. ETH and other PoW blockchains are also featured on the page. My core argument is that supporting PoW blockchains does more damage than their carbon recapture efforts reduce. The presence of Solana in the list doesn't invalidate that.
  - rvz 5y ago
    This is your suggestion: > Stripe should have waited until then to support ETH, and not support Bitcoin or other chains currently on proof-of-work. > but the top image above the fold is a screenshot of using Stripe to purchase Bitcoin. ETH and other PoW blockchains are also featured on the page. I'm not the one telling Stripe and merchants to 'Wait for ETH to migrate to PoS' to support crypto payments, just because PoW blockchains still exist and are burning up the planet. Maybe you can tell the CEO of Stripe, (Patrick Collison [0]) to cut support for all PoW cryptocurrencies on Stripe then? So you're also telling me there isn't a choice or a way to avoid PoW cryptocurrencies and only accept PoS cryptocurrencies? Are you also going to tell merchants to close their Stripe accounts because Stripe still plans to continue to support Bitcoin? Outside of Stripe, Bitcoin is still there and burning up the planet. It's not the only cryptocurrency that exists is it? > My core argument is that supporting PoW blockchains does more damage than their carbon recapture efforts reduce. And? Everyone knows that. You can do something about that and not accept and cut support for those PoW cryptocurrencies as a merchant and use eco-friendly alternatives? If Bitcoin was the only cryptocurrency that exists today, then there would be NO choice and that would be a problem, but that is not the case today. The presence of non-proof-of-work cryptocurrencies that exist and are working today like Solana, Algorand and Polkadot tells you that there is choice beyond PoW; even Stripe knows that. [0] https://twitter.com/patrickc/ https://twitter.com/patrickc/
    - StewardMcOy 5y ago
      > So you're also telling me there isn't a choice or a way to avoid PoW cryptocurrencies and only accept PoS cryptocurrencies? Are you also going to tell merchants to close their Stripe accounts because Stripe still plans to continue to support Bitcoin? No, I'm not telling anyone do do anything. I'm merely pointing out that Stripe supporting PoW blockchains causes more carbon emissions than their recapture efforts will offset. If they wanted to avoid that, they could have only supported PoS blockchains, or not supported crypto at all. But it's their decision. I'm not telling them what to do, only pointing out that this decision reduces their recapture efforts to nothing to greenwashing. I haven't tweeted at Patric Collison because the decision is already made, whatever I say isn't going to change that. A coworker of mine did try to discuss the issue with our Stripe sales rep and was told that the decision has been made and it's not changing. What good would it do to pester and antagonize the CEO on Twitter? > And? Everyone knows that. Then why are we arguing? If you read my original post, it was clear it's the only point I was making. I also made it clear that the existence of PoS blockchains doesn't invalidate the argument as long as Stripe supports PoW blockchains.

rvz 5y ago

> If it does, great, but Stripe should have waited until then to support ETH, and not support Bitcoin or other chains currently on proof-of-work. Maybe is that why I see Solana on the front-page of Stripe Crypto? Since that is a blockchain that is not only more eco-friendly [0] and many times faster than both Ethereum and Bitcoin put together but one can use right now today rather than waiting for Ethereum Proof-of-Stake for many years. I am not going to tell merchants to pray on a calendar month when ETH 2.0 will launch. They'll just use other blockchains instead if one was told to 'wait'. [0] https://solana.com/news/solana-foundation-carbon-neutral-2021 https://solana.com/news/solana-foundation-carbon-neutral-202...

StewardMcOy 5y ago
> Maybe is that why I see Solana on the front-page of Stripe Crypto? This would be a great argument if Solana were the only cryptocurrency that Stripe was supporting, or if Stripe was only supporting cryptocurrencies with similar carbon footprints, but the top image above the fold is a screenshot of using Stripe to purchase Bitcoin. ETH and other PoW blockchains are also featured on the page. My core argument is that supporting PoW blockchains does more damage than their carbon recapture efforts reduce. The presence of Solana in the list doesn't invalidate that.
- rvz 5y ago
  This is your suggestion: > Stripe should have waited until then to support ETH, and not support Bitcoin or other chains currently on proof-of-work. > but the top image above the fold is a screenshot of using Stripe to purchase Bitcoin. ETH and other PoW blockchains are also featured on the page. I'm not the one telling Stripe and merchants to 'Wait for ETH to migrate to PoS' to support crypto payments, just because PoW blockchains still exist and are burning up the planet. Maybe you can tell the CEO of Stripe, (Patrick Collison [0]) to cut support for all PoW cryptocurrencies on Stripe then? So you're also telling me there isn't a choice or a way to avoid PoW cryptocurrencies and only accept PoS cryptocurrencies? Are you also going to tell merchants to close their Stripe accounts because Stripe still plans to continue to support Bitcoin? Outside of Stripe, Bitcoin is still there and burning up the planet. It's not the only cryptocurrency that exists is it? > My core argument is that supporting PoW blockchains does more damage than their carbon recapture efforts reduce. And? Everyone knows that. You can do something about that and not accept and cut support for those PoW cryptocurrencies as a merchant and use eco-friendly alternatives? If Bitcoin was the only cryptocurrency that exists today, then there would be NO choice and that would be a problem, but that is not the case today. The presence of non-proof-of-work cryptocurrencies that exist and are working today like Solana, Algorand and Polkadot tells you that there is choice beyond PoW; even Stripe knows that. [0] https://twitter.com/patrickc/ https://twitter.com/patrickc/
  - StewardMcOy 5y ago
    > So you're also telling me there isn't a choice or a way to avoid PoW cryptocurrencies and only accept PoS cryptocurrencies? Are you also going to tell merchants to close their Stripe accounts because Stripe still plans to continue to support Bitcoin? No, I'm not telling anyone do do anything. I'm merely pointing out that Stripe supporting PoW blockchains causes more carbon emissions than their recapture efforts will offset. If they wanted to avoid that, they could have only supported PoS blockchains, or not supported crypto at all. But it's their decision. I'm not telling them what to do, only pointing out that this decision reduces their recapture efforts to nothing to greenwashing. I haven't tweeted at Patric Collison because the decision is already made, whatever I say isn't going to change that. A coworker of mine did try to discuss the issue with our Stripe sales rep and was told that the decision has been made and it's not changing. What good would it do to pester and antagonize the CEO on Twitter? > And? Everyone knows that. Then why are we arguing? If you read my original post, it was clear it's the only point I was making. I also made it clear that the existence of PoS blockchains doesn't invalidate the argument as long as Stripe supports PoW blockchains.