cwilbzz on Nostr: Disappointing to see Stripe restarting their crypto initiative with centralized ...
Disappointing to see Stripe restarting their crypto initiative with centralized chains.
Not that I think anyone will really use this besides web3 degens
I guess the advantage here is that you open up US commerce globally, but doing so with rails that will never hold up in an adversarial environment largely defeats the purpose.
So other than the global aspect — which admittedly is nothing to sneeze at — the counterparty risk is little different from today.
Solana == Visa
They are equally as centralized and censorship-resistant.
For digital assets to succeed, we need solutions and products to win that are properly decentralized, or we are defeated before we really even get started.
A reminder that being ‘on-chain’ or self-custodial means nothing if the chains or networks are centralized
We need to make things right the first time and Stripe putting this crap out there makes it more difficult for our industry to get the credibility and promotion it deserves
We see taproot asset support for USDT — the stable the global south is leveraging — and then we have a different story.
I hope Speed and Joltz keep creating killer products to advance this initiative. The industry needs it 🙏
https://docs.stripe.com/crypto/pay-with-crypto
Not that I think anyone will really use this besides web3 degens
I guess the advantage here is that you open up US commerce globally, but doing so with rails that will never hold up in an adversarial environment largely defeats the purpose.
So other than the global aspect — which admittedly is nothing to sneeze at — the counterparty risk is little different from today.
Solana == Visa
They are equally as centralized and censorship-resistant.
For digital assets to succeed, we need solutions and products to win that are properly decentralized, or we are defeated before we really even get started.
A reminder that being ‘on-chain’ or self-custodial means nothing if the chains or networks are centralized
We need to make things right the first time and Stripe putting this crap out there makes it more difficult for our industry to get the credibility and promotion it deserves
We see taproot asset support for USDT — the stable the global south is leveraging — and then we have a different story.
I hope Speed and Joltz keep creating killer products to advance this initiative. The industry needs it 🙏
https://docs.stripe.com/crypto/pay-with-crypto