http://news.ycombinator.com/item?id=4712867
http://news.ycombinator.com/item?id=4692794
http://news.ycombinator.com/item?id=4718083
http://news.ycombinator.com/item?id=4723926
The first point is plainly false. Braintree isn't "suffering." The third point is true, but cynical and obvious. Is it really surprising that you probably won't change payment processors, or that they want to keep your business? Is that really the most interesting point you can make?
The second point is actually a very good one, and it would be interesting to see what actually happens to the 1,000 startups. I suspect we'll see most fail to make anything close to $50,000 and a select few make significantly more.