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Thank you for the detailed account. Have you used fiat to buy crypto as well, or do you still use the original crypto from when you started? I can see how in

Thank you for the detailed account. Have you used fiat to buy crypto as well, or do you still use the original crypto from when you started? I can see how in theory crypto could be interesting in the creator space as touched on by you. Do you think Stripe's implementation could facilitate this? As to medication: sorry to hear you had to go that route, but it totally makes sense to me. Glad to hear it's been working out for you. Yay for crypto in this case!

colinsane 4y ago
> Have you used fiat to buy crypto as well, or do you still use the original crypto from when you started? oh, yeah i’ve used exchanges before. even in that bitcoin-powered “business” i described, it wasn’t closed: a bitcoin faucet drains BTC, while ads (at the time?) pay in $USD, so i had weekly USD -> BTC exchanges on a centralized exchange (i forget the name of the exchange). sadly, i didn’t keep any of that Bitcoin. i was away from the space during the major bullruns — came back to it only in the last few years once i entered the workforce and wanted a place to store savings. i couldn’t make sense of the banking and investment systems (Fidelity, Vanguard): what happens if they lose customer balances due to datacenter fire/hacks/etc? what controls do they have in place to prevent that? at the time i just stashed my $ in BTC because it was the only place where i felt i understood the security model. yeah, onramps help. several of the commercial transactions i’ve made with BTC have been through bitpay’s embeddable web widget. Stripe’s thing seems like the next evolution of that. it likely won’t alone cure the issue of creators who get kicked from payment platforms today (Stripe could kick them off just as well as Paypal/Patreon/et al), but it may pave the way toward future iterations that better solve that — just by getting more users familiar with cryptocurrency transaction flows. we’ll see :-) do you have any predictions?
- brainchild-adam 4y ago
  Thank you for elaborating. What you describe ads balance to my impression of the crypto world, and like that. > at the time i just stashed my $ in BTC because it was the only place where i felt i understood the security model. Makes perfect sense to me. It was something you could wrap your head around more easily. I also like how you frame onramps, and how you talk about an iterative process. Curious to see where it all will go. As to my predictions, I am afraid I am a little pessimistic here. I obviously know very little about crypto, so I cannot take those unknows into account. What I do expect in a way is anything that threatens established power, be it monetary or political, to be treated as such: a threat. The more unregulated crypto is perceived as such, the more blowback I would expect. The more it gets regulated, the less useful in solving actual problems it might become, since it might simply become another expression of what now are our regulated currencies. Does that make sense? Any thoughts?

colinsane 4y ago

> Have you used fiat to buy crypto as well, or do you still use the original crypto from when you started? oh, yeah i’ve used exchanges before. even in that bitcoin-powered “business” i described, it wasn’t closed: a bitcoin faucet drains BTC, while ads (at the time?) pay in $USD, so i had weekly USD -> BTC exchanges on a centralized exchange (i forget the name of the exchange). sadly, i didn’t keep any of that Bitcoin. i was away from the space during the major bullruns — came back to it only in the last few years once i entered the workforce and wanted a place to store savings. i couldn’t make sense of the banking and investment systems (Fidelity, Vanguard): what happens if they lose customer balances due to datacenter fire/hacks/etc? what controls do they have in place to prevent that? at the time i just stashed my $ in BTC because it was the only place where i felt i understood the security model. yeah, onramps help. several of the commercial transactions i’ve made with BTC have been through bitpay’s embeddable web widget. Stripe’s thing seems like the next evolution of that. it likely won’t alone cure the issue of creators who get kicked from payment platforms today (Stripe could kick them off just as well as Paypal/Patreon/et al), but it may pave the way toward future iterations that better solve that — just by getting more users familiar with cryptocurrency transaction flows. we’ll see :-) do you have any predictions?

brainchild-adam 4y ago
Thank you for elaborating. What you describe ads balance to my impression of the crypto world, and like that. > at the time i just stashed my $ in BTC because it was the only place where i felt i understood the security model. Makes perfect sense to me. It was something you could wrap your head around more easily. I also like how you frame onramps, and how you talk about an iterative process. Curious to see where it all will go. As to my predictions, I am afraid I am a little pessimistic here. I obviously know very little about crypto, so I cannot take those unknows into account. What I do expect in a way is anything that threatens established power, be it monetary or political, to be treated as such: a threat. The more unregulated crypto is perceived as such, the more blowback I would expect. The more it gets regulated, the less useful in solving actual problems it might become, since it might simply become another expression of what now are our regulated currencies. Does that make sense? Any thoughts?