Stripe Launches L1 Blockchain: Tempo \ stacker news ~tech

pull down to refresh

Stripe Launches L1 Blockchain: Tempo tempo.xyz

447 sats \ 16 comments \ @hn 4 Sep tech bot

This link was posted by _nvs 1 hour ago on HN. It received 103 points and 104 comments.

I think it's safe to call stablecoin stuff the ICO of this cycle. The narrative I think even bitcoin-first people are forming is that stablecoins will be MoE and bitcoin is SoV.

Are relatively permissioned blockchains for transacting permissioned assets valuable? Are they 10x better than a traditional bank? 10x better than a high tech bank with full reserves? Maybe for those who are unbanked?

At least in contrast to the ICO craze, the only speculation is on utility token value of these other chains, and there will be a race to the bottom.

It's unclear to me how this plays out.

50 sats \ 2 replies \ @supratic 4 Sep

Are relatively permissioned blockchains for transacting permissioned assets valuable? Are they 10x better than a traditional bank? 10x better than a high tech bank with full reserves? Maybe for those who are unbanked?

They will still being KYC and centralized... just a minor detail for many I guess.

46 sats \ 1 reply \ @k00b 4 Sep

The value may be strictly in interop and bearer authentication. Basically, it's ecash's value proposition, but with a semblance of auditability and without claiming theoretical privacy will be experienced in practice.

100 sats \ 0 replies \ @SimpleStacker 4 Sep

That's my take, too. Head start on interoperability, especially cross border, because national currencies and traditional banks are heavily burdened by silly regs.

144 sats \ 2 replies \ @Scoresby 4 Sep

Herr's @niftynei on the Tempo thing:

0 sats \ 0 replies \ @BlokchainB 4 Sep

The Queen has spoken

0 sats \ 0 replies \ @nitter 4 Sep bot

https://xcancel.com/niftynei/status/1963714882815275163

50 sats \ 0 replies \ @HardMoney 4 Sep

This is an example of companies making their own token less blockchains to run stable coin infra on.

IMO it makes no sense all the stable coin utility value accrues to Eth holders lol

154 sats \ 0 replies \ @supratic 4 Sep

Here we go again

To ensure Tempo serves a broad array of needs, we’re excited to be working with a group of initial design partners, including: Anthropic, Coupang, Deutsche Bank, DoorDash, Lead Bank, Mercury, Nubank, OpenAI, Revolut, Shopify, Standard Chartered, Visa, and more.

from https://tempo.xyz/launch-announcement

100 sats \ 0 replies \ @fourrules 4 Sep

StableCoins solve a problem for companies like Stripe because they don't need to worry about fraud if digital currency is more like cash, and they can cut out Visa and MasterCard.

But if people and companies get used to private key management via StableCoins then Bitcoin is a very easy migration from that position.

79 sats \ 1 reply \ @HardMoney 4 Sep

Lol

0 sats \ 0 replies \ @nitter 4 Sep bot

https://xcancel.com/ryansadams/status/1963636059503227147

0 sats \ 0 replies \ @BlokchainB 4 Sep

I must say if my bank uses this I may have to use it as well. It beats the heck out of ACH!