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will
@w
"starting a business is better onchain" do you think this is true, if so, why? if not, what needs to change for it to be true?
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will
@w
some follow up thoughts from a convo w @abram
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not parzival
@padenfool.eth
Better how? Better for the environment, my health, the bank? It is irrelevant imo perhaps unless you hope to make a 200 year old company
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Zinger ↑ is job hunting
@zinger
Not true yet Too much friction to use onchain funds in the "real world" given how relatively few businesses have an onchain presence atm, while crypto is great for transfers (esp intl) I think on- and off-ramping kills the magic for now Could change pretty quickly though if some of the major infra players (Stripe, Square, Visa, Amex) start opening up to stables (slowly happening)
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↑langchain 🎩
@langchain
probably not better from: - taxation - accounting - legal understanding - raising outside capital - reporting to investors - legal clarity if you can fix some/all of those - probably good!
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Matthew
@matthew
question I ask w.r.t. splits is what would get me to move my company funds from mercury to splits. biggest thing is all the times I have to engage with fiat (buying coffees, paying for subscriptions, etc). Needs to be effortless / not eye-wateringly expensive. Case in point: if I instant offramp $100 from Venmo to bank it's max 50 cents. CB would be a few dollars.
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abram
@abram
timely...curious what @adrienne thinks :)
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McBain
@mcbain
Stripe atlas is the benchmark that needs to be beaten Otoco.io is pretty close And Raincards If you can roll all that up you win
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Apurv
@apurvkaushal
business involving international payments if you living in Dubai etc - def makes sense. + also easy to get to a micro SaaS type recurring model in ecosystems such as Farcaster....
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Dorm ↑↑ 🎩🍖🎭🐹
@nguyentod
Yep, blockchain makes business easier 🤑
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Herbert Richards
@dlp
Starting a business is always hard, no matter if it on chain or not
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Jonsol
@jonsol
Hmmm...
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