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0 pointsllbbdd6mo ago0 comments

Because crypto is a liability itself and nobody normal likes interacting with it.

0 comments

Is there no way to improve the user experience for this?

Company A sells cryptocurrency in country A. Company B is a payment processor in country B. You in country A go to the country B merchant's website and enter your card info to buy something. Your card gets charged by company A to buy cryptocurrency, the merchant gets the money through company B and the transfer of cryptocurrency from company A to company B happens in software on a server somewhere and the user doesn't have to do anything.

Why is this either not happening or not sufficient?

llbbddOP5mo ago

Because one of the functions of government currency is keeping things like prices stable for the sanity of normal people buying food and gas, against the type of upheaval and reactionary change that a global currency is susceptible to. Bitcoin/crypto enthusiasts have historically pretended that stable prices are not important, keeping alive the traditional HN-lauded attitude that any insufficiently solved social problem is merely awaiting heroic overhaul via a Messianic technical spec.

EGreg6mo ago

You are right and HN has no answer other than “crypto is bad”.

We are building exactly this at Intercoin. I hate that most of crypto is zero-sum games. https://intercoin.org/currencies.pdf

Also Stripe is launching Tempo blockchain, USDC is launching Arc blockchain. Cool things are coming!

llbbddOP5mo ago

It's not even that crypto is bad, it's that it's not good. The user experience is bad universally. I say this as a tech person that didn't care about it as a technology and had to deal with it anyway and I can't stand it. The first crypto service to actually, God forbid, go study Stripe, Shopify, Google Pay, Apple Pay, please understand, actually understand how people pay for things and compete with their actual competitors in a real way, is going to steal the show I'm sure. Until then it's crypto scammers competing for crypto users and crypto dollars and again no normal people want to put up with this shit at all because it's a stupid game and we're just trying to buy things.

EDIT: I clicked on the PDF out of a sense of good faith interest and curiosity and I regret it. I hope you find something else to do.

j / k navigate · click thread line to collapse

0 comments

AnthonyMouse6mo ago

Is there no way to improve the user experience for this?

Why is this either not happening or not sufficient?

llbbddOP5mo ago

EGreg6mo ago

You are right and HN has no answer other than “crypto is bad”.

We are building exactly this at Intercoin. I hate that most of crypto is zero-sum games. https://intercoin.org/currencies.pdf

Also Stripe is launching Tempo blockchain, USDC is launching Arc blockchain. Cool things are coming!

llbbddOP5mo ago

EDIT: I clicked on the PDF out of a sense of good faith interest and curiosity and I regret it. I hope you find something else to do.

j / k navigate · click thread line to collapse