CrazyInNewYork

What happened?

Then why do merchants (especially startups) suffer so much from the credit card fraud problem?

https://hn.algolia.com/?query=credit%20card%20fraud&sort=byP...

    it is hard to identify a specific economic
    problem which they currently solve

Receiving, owning and spending money anonymously. Remember when extortionists had to be paid with a suitcase full of banknotes?

Receiving money without being exposed to the danger of fraud. Receiving money via Credit Card is surprisingly risky for the merchant.

Transferring money internationally without additional costs.

Portfolio optimization. Crypto currencies are probably not perfectly correlated to other assets. So it stabilizes the portfolio to add some crypto.

All kinds of contractual setups. Example: "This accounts money can only be spend if 2 of the following 3 account holders agree: ..." .

Meetup and AirBnB are the two companies that made the most profound positive impact to my life. They allow me a type of lifestyle that would not be possible without them. Travel around the world, stay in places I like and meet like-minded people.

I couldn't say which of the two companies creates more value for me. So it's interesting to see that one is valued at $20m and one at $1B.

Is the recent Meetup redesign related to the acquisition?

The redesign made the site so much worse. The UI became confusing. You constantly get 'keep waiting' spinners. And the look is kind of cold and harsh now. Would be funny if the new management style directly shows itself in the style of the site.

It will be interesting to see how Meetups journey continues. I hope it survives the new management. It's such a gem.