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I don't get it. Why does Stripe want to creatively ruin their reputation by venturing into crypto / blockchain? I don't see anyone in the real world using blo

I don't get it. Why does Stripe want to creatively ruin their reputation by venturing into crypto / blockchain? I don't see anyone in the real world using blockchains at all. I get AI as it was a real world paradigm shift, but I have never seen anything in this blockchain / crypto space that has reached 100-500 million users let alone 1 billion users, that isn't based on speculation.

super256 1y ago
I use crypto often. I can pay my server with it, I can pay my domains with it, I support my torrent ALT with it, I buy my drugs with it. People use it for selling accounts, usernames, cheats and probably much more for it. Many of these also use Stripe (major cheat providers offer payments via Stripe and crypto, so why shouldn't Stripe also try to capture the value of Crypto payments?).
- irusensei 1y ago
  I've started seeing some H game devs going that route since Visa and Mastercard decided to be arbiters of morality.
prettyblocks 1y ago
Blockchains might not have hundreds of millions of users, but popular L1s have volumes in the many billions of dollars.
- adastra22 1y ago
  That is actually and unironically not a lot of money.
  - oasisaimlessly 1y ago
    Nice, lie back and let someone else claim it.
- sethops1 1y ago
  These metrics are so trivial to inflate they are effectively meaningless.
  - prettyblocks 1y ago
    It's not meaningless to the folks collecting fees for securing the chain.
deleted 1y ago
[deleted]
agd 1y ago
> I don't see anyone in the real world using blockchains at all. Many companies are using stablecoins for cross border transactions, and for payouts in countries with volatile currencies. There's clear value for these use-cases. Not to mention lower fees and 24/7 availability.
- mvdtnz 1y ago
  What companies?
  - agd 1y ago
    Space X, Deel, Remote to name a few.
doug_durham 1y ago
Because money laundering and tax evasion are perpetually lucrative businesses. Since the Federal government is going to turn a blind eye then why not get in make some money.
gdbsjjdn 1y ago
Dorsey and Tobi (Shopify CEO) are insane crypto true believers. It feels like they're trying to realize some ancap dream of Randian ubermensch controlling the whole economy and being answerable to noone.
- kinakomochidayo 1y ago
  Dorsey is a Bitcoin maxi through and through. He doesn’t care about stablecoins, etc
asdev 1y ago
the entire crypto ecosystem is just sloshing around money for the sake of sloshing around money. no value delivered to end users
nailer 1y ago
I use crypto for a savings account. Same model as your bank, except the rates are higher.
wiredpancake 1y ago
What reputation? They are known for being the most greedy payment provider and actively killing various other payment providers.

super256 1y ago

I use crypto often. I can pay my server with it, I can pay my domains with it, I support my torrent ALT with it, I buy my drugs with it. People use it for selling accounts, usernames, cheats and probably much more for it. Many of these also use Stripe (major cheat providers offer payments via Stripe and crypto, so why shouldn't Stripe also try to capture the value of Crypto payments?).

irusensei 1y ago
I've started seeing some H game devs going that route since Visa and Mastercard decided to be arbiters of morality.

prettyblocks 1y ago

Blockchains might not have hundreds of millions of users, but popular L1s have volumes in the many billions of dollars.

adastra22 1y ago
That is actually and unironically not a lot of money.
- oasisaimlessly 1y ago
  Nice, lie back and let someone else claim it.
sethops1 1y ago
These metrics are so trivial to inflate they are effectively meaningless.
- prettyblocks 1y ago
  It's not meaningless to the folks collecting fees for securing the chain.

deleted 1y ago

[deleted]

agd 1y ago

> I don't see anyone in the real world using blockchains at all. Many companies are using stablecoins for cross border transactions, and for payouts in countries with volatile currencies. There's clear value for these use-cases. Not to mention lower fees and 24/7 availability.

mvdtnz 1y ago
What companies?
- agd 1y ago
  Space X, Deel, Remote to name a few.

doug_durham 1y ago

Because money laundering and tax evasion are perpetually lucrative businesses. Since the Federal government is going to turn a blind eye then why not get in make some money.

gdbsjjdn 1y ago

Dorsey and Tobi (Shopify CEO) are insane crypto true believers. It feels like they're trying to realize some ancap dream of Randian ubermensch controlling the whole economy and being answerable to noone.

kinakomochidayo 1y ago
Dorsey is a Bitcoin maxi through and through. He doesn’t care about stablecoins, etc

asdev 1y ago

the entire crypto ecosystem is just sloshing around money for the sake of sloshing around money. no value delivered to end users

nailer 1y ago

I use crypto for a savings account. Same model as your bank, except the rates are higher.

wiredpancake 1y ago

What reputation? They are known for being the most greedy payment provider and actively killing various other payment providers.