/biz/ - Business & Finance

People are too invested in being called crypto investors. Hehe, get it?
I think he's almost tautologically correct in saying that buying crypto isn't investing, depending on your definition it could be, but arguing about that definition is autistic and it shouldn't hurt your feelings too much. The bottom line is we're trying to earn a profit based on our analysis, hopefully that analysis is as objective as possible.

> Cryptocurrency is all the rage right now and Stripe initially accepted Bitcoin but recently stopped. Are you at all concerned that Stripe will be on the wrong side of History with that decision?
> We're absolutely open to listening to this and this is a question for the Bitcoin Community and specially kind of the architect of the software whether they want to optimize Bitcoin for being a payment method or for being digital gold, a store of value. At the time we made the decision it was trending towards being a digital store of value, I think that's a valuable thing to have exist in the world, I genuinely wish them the very best with that. It just works less well with our use case. And this wasn't so much a decision where we wanted to be the arbiters, we're just looking at the data [...]
> So Bitcoin cryptocurrency, is it hype, is it reality, is it a bubble?
> Our determination was that Bitcoin was not a good, payment method which is a very different discussion than cryptocurrencies, generally
> Because the value was shifting so dramatically?
> We- and because of the speed and cost of even posting transactions on the bitcoin network was the main thing. So we remain fascinated by cryptocurrencies from a technology point of view and just the general speed of execution of the space. I see... tons of companies and tons of people getting distracted by almost vanity projects of you know, we'll put this database on the blockchain or things like this, because people are not really weathered in the technical details and what's necessary. So I think, there's a ton of promise that has not really been shown in real world application yet, and while we are waiting for those real world applications, I think people are getting a little distracted by some of the hype or being led.

https://www.bloomberg.com/news/articles/2018-05-31/studio-1-0-stripe-co-founders-discuss-cryptocurrency

>>9463448
https://medium.com/@alekseyklintsevich/technical-overview-of-the-chainlink-testnet-implementation-c8a0b09276d1