Hacker News Reader

lachygon Launch HN: K-Scale Labs (YC W24) – Open-Source Humanoid Robots

Congratulations! This looks really great. What've you found to be the best hands / end effectors these days? When do you think we'll have good, reliable 5 finger hands that are ~reasonably priced?

lachygon Real-time action chunking with large models

(I work at Pi.)

We open-sourced Pi0 (referenced in this post): https://github.com/Physical-Intelligence/openpi

lachygon π0.5: A VLA with open-world generalization

Off the shelf robots -- we've got our models running on dozen+ different robot types (and have this specific generalization demo working on multiple platforms too.)

lachygon I Lost $210 to a Stripe Dispute Despite Proof

I'll bite. I _worked_ at Stripe. Stripe has no authority in decision making here, the issuing bank decides (eg the customers bank) who wins and losses chargebacks. Stripe is a conduit of information, not a party to the decision.

lachygon Our First Generalist Policy

(I work at π.)

Happy to answer any questions on the model, hardware, etc

lachygon The Humane AI Pin Launches Its Campaign to Replace Phones

(i'm an investor in the company, and invested over 3 years ago.)

this product has always been about AI—what they launched is almost exactly what they pitched me. their expectation of where the world going ended up being prescient.

lachygon The Humane AI Pin Launches Its Campaign to Replace Phones

(i'm an investor in the company.)

this is probably the most privacy-forward hardware device on the market—you have to physically be making contact with the device for it to begin listening (at which point an LED is prominently visible) and it will stop listening as soon as you break contact.

lachygon Column – a chartered bank for developers

I believe they're looking to imply here that they own their own charter, rather than renting someone else's, which is how almost all U.S. fintech companies operate (look in the website footer of, say, Unit and you'll see: "Banking services are provided by Unit's partner banks who are Member FDIC.")

lachygon Stripe Terminal

Stripe Reader may be a more accurate link: https://stripe.com/terminal/stripe-reader. This is Stripe announcing its own own hardware that developers can use to build their own point of sale payments experiences.

lachygon FounderPool: A community for founders to share risk and diversify their equity

Is there more that can be read on this somewhere? How it's taxed, what're the implications, how is it structured?

lachygon FounderPool: A community for founders to share risk and diversify their equity

Is contributing to the fund a taxable contribution? I would assume so since it's a diversifying event.

lachygon Show HN: FullStory – Private-by-Default Mobile Analytics

There is a demo request form, but no information on whether it's generally available. Is it?

lachygon Stripe Issuing – An API for creating physical and virtual cards

We play the role!

lachygon Stripe Issuing – An API for creating physical and virtual cards

We do :-) But it's based on quite precise Visa / Mastercard rules.

lachygon Stripe Issuing – An API for creating physical and virtual cards

(I work on Issuing.) Our product philosophy is making things as widely available as possible; we won’t be shy about letting the world know when we do.

lachygon Stripe Issuing – An API for creating physical and virtual cards

(I work on Issuing.) Check out https://emburse.com/ -- they do this really well (and are a user!).

lachygon Stripe Issuing – An API for creating physical and virtual cards

It depends on the type of card issued/use case, but prepaid cards issued through Stripe Issuing would still have that same challenge :-( We agree it's a pretty sub-optimal user experience.

(That said, given many of these businesses may be on Stripe, we should have more ability to work with them to improve the experience for customers...)

lachygon Stripe Issuing – An API for creating physical and virtual cards

Great use case! If you fill in the form at https://stripe.com/issuing (or email me at lachy@stripe.com) we'll get back to you soon.

lachygon Stripe Issuing – An API for creating physical and virtual cards

(I work on Issuing.)

The technology we've built is agnostic to debit or credit -- it really depends on your use case. That said, force posts (or transactions cleared without an underlying authorization) can happen on any card type.

For what it's worth, we have an API to initiate disputes (which you would be able to on a transaction initiated without a valid authorization) which you could use to recoup funds.

lachygon Stripe Issuing – An API for creating physical and virtual cards

Yes!

lachygon Stripe Issuing – An API for creating physical and virtual cards

(I work on Stripe Issuing.)

We've been primarily focused to date on companies where issuing cards is core to providing their business to customers, for example a startup that provides expensing customers, or a platform that needs to purchase goods in the real world. We're less focused on a business just using it for their own expensing (as we don't have receipt upload functionality, etc).

To your two other questions though:

(1) Could users approve things in real time? Sort of. We provide the ability (as you noticed) through API, but it needs to be responded to in < 2s, which means it's not possible for a human to be in the flow.

(2) Could this be linked to an external bank account? Again, sort of. To get in the weeds: as soon as we approve an authorization, we're on the hook for those funds. A debit to an external balance (or bank account) may fail and Stripe would be on the line. This is why we typically require funds to be in a Stripe account prior to purchases taking place.

lachygon Stripe Issuing – An API for creating physical and virtual cards

(I work on Issuing.)

Not really. We make it easy for institutions like Monzo to issue and manage cards, but I imagine that's just a fraction of what they've needed to build to run a regulated bank, service their customers, etc etc.

lachygon Stripe Issuing – An API for creating physical and virtual cards

Absolutely happy to talk about travel use cases -- we are supporting it today. We also (only) support custom designs.

lachygon Stripe Issuing – An API for creating physical and virtual cards

Emburse are great! They provide far more in the way of user a user experience to set controls, manage budgets, etc. We'd highly encourage going with them! (Stripe Issuing is an API-first product -- if you want to build software like Emburse, we would be more suitable.)

lachygon Stripe Issuing – An API for creating physical and virtual cards

Glad to hear you like it! We’re looking for a range of customers who have various use cases and experience levels with issuing before we’re ready to make this available more broadly. (Sorry I don’t have much more in the way of specifics to share here, we’ll do our best to get back to you quickly.)

lachygon Stripe Issuing – An API for creating physical and virtual cards

We're starting out in the U.S., but have a number of other markets in-flight. Please let us know about your use case on the invite form (https://stripe.com/issuing) — that'll help us prioritize where to go next :)

lachygon Stripe Issuing – An API for creating physical and virtual cards

Docs: https://stripe.com/docs/issuing

Cards draw from a Stripe balance (which is funded by payments that go through Stripe (or top-ups).)

lachygon Stripe Issuing – An API for creating physical and virtual cards

(I work on Issuing.)

The cards draw from a Stripe balance, which can be funded from a connected bank account (or ordinary Stripe charges).

lachygon EBay to Ditch PayPal for Dutch Payment Processor Adyen

I wasn't exactly sure which direction to read it :-) We often get questions around our underlying infrastructure and how we process payments (this is what I work on at Stripe!), so that bias is probably affecting my read...

lachygon EBay to Ditch PayPal for Dutch Payment Processor Adyen

(I work at Stripe.)

Glad to hear on the developer friendliness! If there are ways we can continue to improve on that front, please shoot me a note: lachy@stripe.com

I'm curious though what you mean when you say Adyen is much more "bare metal" than Stripe. We don't typically talk too much publicly about our underlying infrastructure (our goal is to abstract away that [hopefully] unnecessary complexity), but we do strive to be as close to the bare metal as possible. (We're directly connected to all of the major card brands, and have "acquiring licenses" in numerous markets.)