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My take on this chick
Shes obviously milking everyone for views so shes killing it
She posts some rage bait saying she wants a guy who's 6'1. Whats wrong with that? I defend anyone who has impossibly high standards, if shes so delusional shell fail, you dont have to be offended
no, this is a category error
it’s fun to dunk on incumbents, but this misses the point (or is just intentional CT rage bait)
Stripe is selling payment acceptance, not blockchain transfers
comparing 1.5% to gas fees misunderstands where value is created, here’s why:
Stripe isn’t charging 1.5% to move USDC
they’re charging 1.5% to wrap stablecoins into a full payments stack:
• checkout integration
• multi-chain routing,
• refunds
• fiat settlement
• fraud checks
• subscription logic
• compliance
• support
• analytics
...all inside the same place merchants already accept everything else (cards, Link, PayPal, etc.)
to beat Stripe on price, a competitor would have to beat Stripe on scope
not just “receive a USDC payment,” but replicate the entire checkout surface and the full payments suite around it
that’s a tall order, and no one is there today
and merchants aren’t going to build it themselves:
• crypto acceptance isn’t their business
• developer time is scarce
• stablecoin volume is tiny
• it’s incremental revenue
• and it’s cheaper than the 2.9% they already pay
no one wants two parallel payment systems for a marginal method
Stripe’s value isn’t the rail, it’s the checkout suite that orchestrates all the rails
stablecoins are just another funding path, and funding paths are commoditized
so yes, while blockchain transfers are near-free, payment acceptance is not
are they making a bunch of margin? probably
but that’s what pricing power looks like when you own the checkout surface
if 1.5% is “ridiculous,” go build the alternative and displace them
I’ll wait
CT has to be the most toxic place on earth
You have people getting together, minding their business, and you insult them “you aint shit”
Even if you think that, its like going up to a fat person and calling them a fat fuck, its so incredibly rude
This shit would never fly irl
"No, you don't understand.
I resold all the stuff from the burglary and invested everything in very good assets.
I could have repaid the victims after being arrested if you waited for the AI bull market."
Here’s one approach when you see a very high yield offered in crypto:
1) Accept that the risk-free rate is ~4%;
2) If the yield offered is higher than 4%, accept that the market is pricing in risk.
3) Write down exactly what those risks are. If you don’t know all the risks, don’t invest.
4) Start with the assumption that the market is pricing risk accurately.
5) Form a picture in your mind of a very savvy hedge fund investor. He/she makes $25 million a year, has a team of super smart analysts, and a limitless tech budget. Write down why you know more about the underlying risks than this investor and why he/she is judging them incorrectly.
Note: This doesn’t mean never invest. There are reasons why the market may miscalculate risk, particularly in crypto. The two biggest are that the market is capital constrained due to perceived regulatory risk and that the market hasn’t appropriately diligence the specifics of the underlying protocols.
But hold yourself to a very high standard. Most times, the risk is not worth it.
This take is such bs. Ethereum is full of independent thinkers. Ive never thought anything because Vitalik said so besides evaluating the points on merit. Ive had so many discussions about what an L2 is bc of trust properties of the data, has nothing to do with what Vitalik says. Same with many others. People love to pile on when shit gets stirred up, and Peter, bless his contributions, is a known shit disturber/emo poster. His massive contributions are the only reason people give his complaining nature a pass.
im sick of "alignment" being the goal of #ethereum projects, @peter_szilagyi's open letter to the EF explicitly critiques this culture of kingmaking where what @VitalikButerin and his posse say is good for the ecosystem is good and aligned,
how about you think about @Polygon tempo paradigm not through the lens of alignment but your own critical thinking skills and decide for yourself for a change. ethereum is supposed to be a neutral protocol where people can do this!
plus, this way you can avoid the mental gymnastics of trying to absolve every single decision made by buterin and his close friends at the EF as right for ethereum. in general, you're just going to get angry at life if you keep letting someone else think for you.
last point, it's actually impossible to be aligned with ethereum if what you're aligning with is really just the views and opinions of a small group of high profile ethereum thought leaders, because believe me when i say, this group isn't always themselves aligned with each other!
Just a question for current DeFi devs:
How can you be so sure you won’t be charged by the DOJ as an MSB - for building a non-custodial protocol - and then accused you should’ve built it custodial instead?
If SDNY can charge a dev for building a non-custodial protocol…
who’s safe?
My case is still ongoing.
Excited we have NFL pools live! Create your own or join others.
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Big drama today in the Tor community.
Conrad Rockenhaus, a Tor operator based out of Michigan, United States, was arrested in 2020 after refusing to cooperate with the United States Federal Bureau of Investigation
Rockenhaus, a disabled United States military veteran, ran the fastest Tor node in the United States. He was approached sometime in late 2019 when the FBI requested he allow them arbitrary access to his exit node and allow them to decrypt traffic. He denied their request.
Subsequently, in February, 2020 his home was raided. He was arrested for violating the CFAA (Computer Fraud and Abuse Act). It was alleged that he was a disgruntled ex-employee causing problems at his former place of employment.
Interestingly, to "help resolve the matter", law enforcement requested he decrypt his Tor exit node to prove his innocence (???). After he refused, he was held in a pre-trial detention cell for over 3 years. He was denied bail after law enforcement stated Mr. Rockenhaus used Linux to "access the dark web" and he was "not complying" and not allowing them access to this Tor exit node.
After Mr. Rockenhaus' wife filed an official complaint, and Mr. Rockenhaus was miraculously released, he was raided by the United States Marshal Fugitive Task Force TWO TIMES(???).
They took him out his home, threw him to the ground, beat him, smashed his windows, and threatened to murder his animals.
They are still requesting Mr. Rockenhaus allow them to access his Tor exit node. Mr. Rockenhaus still has not granted them that privilege.
All of this has been captured on home security camera footage. Additionally, his wife has released all court documents.
See subsequent post for more information.
Wrong reaction.
Companies can do what they want. It's their own money they're spending. If they can get distribution on their own L1s, great. It brings more people on-chain, and everyone (including us) will learn more about what works and what doesn't.
It's not on companies to use our chains, it's on us to make chains so good that companies want to use them.
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Congratulations to Anita Bath on the win and @0xMaks.eth on 2nd place! Consistency was key and Harmand Schauffele took it home for Anita, and Macintyre and Mcilroy did it for Maks. It was a really exciting pool and anyone could have won. It was our inaugural live draft so it will always be a special tournament, it was super fun doing the drafting and cant wait to do more. This is the last golf major of the year but we hope to be back with more tournaments if possible.