Comment by rvz | Hacker News Reader

Comment by rvz | Hacker News Reader

So one of YC's finest and most valuable startup, Stripe that needs no introduction here, also thinks there is 'no value' in using it for payments then? Right then why did they announce this then? [0]

Also just yesterday, a very low turn out in discussion about it [1], even less when they announced their Stripe Crypto post [2]. Why? Where is the scam? How exactly is Stripe scamming? Or is it because Stripe is spared somehow?

Or most likely, they waited for regulations to be clearer first and then re-entered back in with their crypto payouts products. Perhaps they still see some value in it.

So when it is Stripe that actually releases something, there is zero instant extreme outrage of predictable 'crypto is scam', 'snake oil' comments to be found like the ones I see here.

[0] https://stripe.com/blog/expanding-global-payouts-with-crypto

[1] https://news.ycombinator.com/item?id=31121177

[2] https://news.ycombinator.com/item?id=30628677

Crypto is scam. Some people at Stripe are trying to capitalize on the hype. We'll see how it goes.

Something can't be both a currency as well as a speculative asset. Bitcoin was conceived as a currency. It promised fast transaction, low fees and no central trust provider authority like a government or a bank. But it and countless other cryptos have morphed into something people speculate on for gains. There is still very little you can actually buy using crypto. It's useless as a medium of exchange (volatility, high fees, non-reversible, slow etc). The high volatility and lack of any underlying utility whic can give it a value means it is a ponzi scheme and only those who got in early will come out richer. Late entrants will end up holding bags of worthless digital tokens.

Assuming you have read the whole article that I have linked [0], did it say or mention anything about 'Bitcoin' being used for payments there?

[0] https://stripe.com/blog/expanding-global-payouts-with-crypto

Bitcoin is flag bearer for crypto and the first one in the long line of crypto "currencies"

We both know that it is the first, but that doesn't answer my question as that is irrelevant to my question:

Did the article [0] say or mention anything about Stripe USING 'Bitcoin' for payments? [0]

Or have you just admitted that YOU haven't even bothered to read beyond the headline of the article or even my comment and just quickly rushed to reply with a predictable 'CRYpTO iS sCAm' comment?

[0] https://stripe.com/blog/expanding-global-payouts-with-crypto

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