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What do you (and/or Stripe) think about cryptocurrencies?

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patio11's avatar
a year ago

Stripe's thinking on cryptocurrencies is best encapsulated by our posts on the matter. Examples: thoughts on Bitcoin, investing in stellar, sunsetting Bitcoin support.

Speaking only for myself, I'm extremely skeptical that the cryptocurrency community has produced anything of value. 10 years. Billions of dollars. What has changed about the world? Some people got rich; virtually all of it through the losses of other speculators. Where is the value creation? Who benefits from cryptocurrency daily? What is the narrative, not the sales pitch for number go up but the actual honest-to-goodness prediction about the future, that the next 10 years and next billion dollars spent on this area of activity will create something that the last iteration manifestly has not?

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This question is part of an AMA with Patrick McKenzie.

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