I didn't realize Stripe had branched out into usurious lending (I clock this at about an 11% annual interest rate based on the repayment period)pic.twitter.com/2vXFs8lxT9
The light inside is broken, but I still work. The Cadillac of online bookmarking sites. Alleged nocoiner. http://pinboard.in maciej@ceglowski.com +1 415 610 0231
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I didn't realize Stripe had branched out into usurious lending (I clock this at about an 11% annual interest rate based on the repayment period)pic.twitter.com/2vXFs8lxT9
Stripe already takes a commission on every sale I make, so by lending me money to grow my business at credit card rates, they'd be taking a cut at both ends. It's interesting that in an atmosphere of SoftBank and tiny interest rates, small business loans are still unobtainable
It is easier to get ten million dollars in Silicon Valley than ten thousand dollars
Right now, if I had to make a $30K capital investment (like buying Delicious) I would do it the American way: max out a credit card and transfer the balance to a 0% APR promotional rate, being careful to earn airline miles on both transactions. Why aren't there 6% loans instead?
Pinboard Retweeted Patrick McKenzie
Oh of course it's fucking @patio11 behind thishttps://twitter.com/patio11/status/1169795424695148544 …
Pinboard added,
Okay, what’s your hot take on @patio11? I wanna see maximum shade!
Peaked at bingo card creator but went on to a regrettable career as the Mr. Peanut mascot for American finance capitalism
Previously I'd only read his article on Tether, and I liked the cut of his jib. I guess I'm out of the relevant loop here. http://kalzumeus.com/2019/10/28/tether-and-bitfinex …
Patrick is smart and informed and much of what he writes is worth reading. I have ideological disagreements with him but I don't think that's any reason to dismiss people's work.
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