Ah! The crypto community! A splendid gathering of minds, now as divided as a pie at a feast! 🍰 Our dear Stripe has ventured into the murky waters of launching their own layer-1 blockchain, titled Tempo, causing quite the stir amongst the enthusiasts. One might ponder: “Why not dance upon the stage of an already established blockchain?” Oh, the audacity! 💃
Delivered upon us by none other than Stripe’s esteemed CEO, Patrick Collison, who with a flourish of his quill, declared via the illustrious X platform that “existing blockchains are not optimized” to bear the weight of stablecoins across the grand Stripe payment stage. A brave proclamation indeed!
In the court of opinion, Joe Petrich, a noble soul from the NFT realm of Courtyard, declared with a scoff, “No one wants another chain.” Such a sage observation! 🤔
“The difficulties you speak of have already been preempted by minds keen on utilizing the blockchain! Therefore, must we endure yet another chain gracing us with its ‘solutions’?” remarked Petrich with great disdain. Bravo, good sir! 👏
Is Stripe’s CEO in Need of a Math Tutor? 😆
Ah, layer-1 blockchains favor the noble ideals of security and decentralization, while their sprightly layer-2 counterparts race ahead, chasing speed and scalability like a cat pursuing a dot of light.
Collison, with a flourish, claimed that most blockchains lack the strength to bear Stripe’s demands, boasting of transaction peaks greater than 10,000 TPS! But wait! What of Bitcoin‘s lamentable five TPS? Ethereum’s modest twenty TPS? And what of our youthful networks like Base and Solana, sprinting to around 1,000 TPS? 🏃♂️
Ah, but Mert Mumtaz of Helius Labs, a brave champion of Solana, found the figure “hilariously wrong on multiple accounts” – oh, the affront! And with data from the grand Solana Explorer showing a robust 3,186 TPS, who are we to disagree? 📈
Yet, not all voices sang in discord. The esteemed Steve Milton of Fintopia chimed in with optimism, stating, “Tempo building the rails for high-scale onchain payments is a game-changer.” Huzzah for optimism! 🎉
“A wondrous infrastructure to enhance our swift and seamless endeavors!” he excitedly proclaimed, while our friend Max Segal remarked, “Tempo looking good here.” How charming! 😏
Yet the echoes of doubt remained, questioning why Stripe did not opt for a simpler path as a layer-2 network. Such intrigue! 🔍
Wisdom from the Ethereum Scholars 🧙♂️
“Pray tell, why venture to build your own set of validators when the glorious path of layer-2 lies open?” inquired Devansh Mehta of the Ethereum Foundation, with a voice laden with reason.
Ah! And Leo Lanza, our astute commentator, shared similar perplexities, “What stops Tempo from flourishing as an Ethereum L2?” Oh, the queries ignite debate! 🔥
“As an Ethereum layer 2, Tempo could create custom TPS with fees paid in fiat, all while basking in the glory of Ethereum’s vast effects, security-such practicalities!” Lanza posited, with a wink.
And our dear Collison, in his continued ambition, asserted that for the true valuation in financial applications, fees ought to reflect a fiat currency to soothe the user’s understanding. What a Herculean task!
“Tempo shall pave paths for payments, remittances, microtransactions, and tokenized treasures to traverse the intricacies of the onchain world,” he claimed, with dreams fit for a merchant prince! 🏰
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2025-09-05 09:43