3 ms·

> Tempo is a neutral, permissionless blockchain open for anyone to build on. > A diverse group of independent entities, including some of Tempo’s design partne

> Tempo is a neutral, permissionless blockchain open for anyone to build on. > A diverse group of independent entities, including some of Tempo’s design partners, will run validator nodes initially before we transition to a permissionless model. > Protect your users by keeping important transaction details private while maintaining compliance standards. Sounds like it actually has potential. This could enable global QR-code payments using and open, decentralized, and private system. Something like fiat cash payments, but digital. I hope that Valve is keeping track of it, for starters.

sfdlkj3jk342a 1y ago
If it will really be permissionless, what value is Stripe adding? Why not use any other fast, low-lost L1 like sending USDC on Solana?
- wmf 1y ago
  Presumably any merchant that uses Stripe today will be able to accept or receive payment over Presto.
littlecranky67 1y ago
> This could enable global QR-code payments In what currency? As I understand it, Stablecoins are bound to an underlying currency. If you do not wan't to tie it to a currency, bitcoin would be the prime candidate. And with its layer 2 solutions such as Lightning, there is already a decentralized system for fast, cheap and private payments.
- uyzstvqs 1y ago
  If this Tempo blockchain truly delivers, it'll not be that difficult for anyone to create a decentralized exchange using smart contracts and AMMs. And you can create a Wrapped BTC to use as well. Also gold-backed stablecoins. Lightning is not a solution. Having to run a node that's online 24/7 is unreasonable, and so is having to convince others to allocate inbound liquidity to you. Any wallet which does not require this is heavily centralized and often custodial.
  - littlecranky67 1y ago
    > Lightning is not a solution. Having to run a node that's online 24/7 is unreasonable I agree, but with trampoline payments approaching standardization (it is in use by electrum and ACINQ/Phoenix wallet already) and async payments, the 24/7 issue should be gone. I DO agree that stablecoins are different and probably have a different setup - they are still centralized and require trust (that the underlying asset is held accordingly), while Bitcoin/L2-Lightning are completely decentralized.

sfdlkj3jk342a 1y ago

If it will really be permissionless, what value is Stripe adding? Why not use any other fast, low-lost L1 like sending USDC on Solana?

wmf 1y ago
Presumably any merchant that uses Stripe today will be able to accept or receive payment over Presto.

littlecranky67 1y ago

> This could enable global QR-code payments In what currency? As I understand it, Stablecoins are bound to an underlying currency. If you do not wan't to tie it to a currency, bitcoin would be the prime candidate. And with its layer 2 solutions such as Lightning, there is already a decentralized system for fast, cheap and private payments.

uyzstvqs 1y ago
If this Tempo blockchain truly delivers, it'll not be that difficult for anyone to create a decentralized exchange using smart contracts and AMMs. And you can create a Wrapped BTC to use as well. Also gold-backed stablecoins. Lightning is not a solution. Having to run a node that's online 24/7 is unreasonable, and so is having to convince others to allocate inbound liquidity to you. Any wallet which does not require this is heavily centralized and often custodial.
- littlecranky67 1y ago
  > Lightning is not a solution. Having to run a node that's online 24/7 is unreasonable I agree, but with trampoline payments approaching standardization (it is in use by electrum and ACINQ/Phoenix wallet already) and async payments, the 24/7 issue should be gone. I DO agree that stablecoins are different and probably have a different setup - they are still centralized and require trust (that the underlying asset is held accordingly), while Bitcoin/L2-Lightning are completely decentralized.