pbreit

10,126 karma · joined April 9, 2007

San Francisco, CA. Checkout.com. Ex: Ingenico ePayments, Veem, Bold Financial Technologies, Eventbrite, PayPal, American Express. Projects: Cheeko B Pet Boutique, Canine Ties, MessageDesk.net, Pricetack.com, RunwayPOS.com.

submissions comments

pbreit··on Anatomy of an ACH transaction

Some recipients might consider a valid initiation sufficient to fulfill. Others may way for settlement. Some may wait longer to see if there's a return. And then posting times and amounts can vary quite a bit.

pbreit··on Visa to acquire Brazilian startup Pismo for $1B

Maybe smaller. Maybe larger. But that's a big assumption that CBDCs will exist on a broad basis anytime soon (or ever).

pbreit··on Anatomy of an ACH transaction

Your credit balance is reduced immediately when you make a credit card payment. For debit card payments, your available balance is reduced immediately. But no money actually moves until overnight.

pbreit··on Anatomy of an ACH transaction

They absolutely do not. That’s the whole point.

pbreit··on Anatomy of an ACH transaction

Few understand that the movement of money and information about the movement of money happen on different schedules.

pbreit··on Anatomy of an ACH transaction

It’s not quite that bad. ACHes are batched several times per day and usually complete same day.

It’ll be several years before consumers are splitting checks on fednow, an infinitesimally small use case.

pbreit··on Metformin shown to prevent long Covid

No one has told me or seemed to have experienced any of the symptoms. The two I mentioned are friends of friends.

pbreit··on Metformin shown to prevent long Covid

In my extended network of 1000+ people, I've heard of 2 that may have "long covid". Are people's experiences different?

pbreit··on Show HN: Non.io, a Reddit-like platform Ive been working on for the last 4 years

Twitter has a massive existing user base and still isn't there yet.

pbreit··on Show HN: Non.io, a Reddit-like platform Ive been working on for the last 4 years

Charging to post is also pretty much a non-starter.

pbreit··on Inside the Wuhan lab weeks before Covid

"not in itself an indication of any ill-intent"

Was that even insinuated?

"no evidence that it was ever studied in the Wuhan lab"

Wut?

"Between 1 July and 1 October 2012, we received 13 serum samples collected from 4 patients"

https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9744119/

pbreit··on Inside the Wuhan lab weeks before Covid

How is science not involved in a major way here? Of course science will continue to play a huge role in the matter.

pbreit··on Is 20M of rows still a valid soft limit of MySQL table in 2023?

Isn't 20m rows super tiny?

pbreit··on Is 20M of rows still a valid soft limit of MySQL table in 2023?

How many rows?

pbreit··on Migrating from Supabase

The options for spinning up CRUD apps (ie, 95% of projects) are still quite miserable.

pbreit··on Jeff Bezos announces $3.4B NASA contract to land astronauts on lunar surface

Is that desirable? Shouldn't we just leave the article that gets the attention?

pbreit··on Visa and Mastercard agree to lower average credit card interchange fee below 1%

This is only in Canada and only for small businesses (<$300k on Visa, <$175k on Mastercard).

pbreit··on Visa and Mastercard agree to lower average credit card interchange fee below 1%

Visa & Mastercard do not keep any of the interchange fee. It all goes to the issuer of the card. Visa & MC charge "scheme fees" which are much lower (except for cross-border txns).

Interchange is public information: https://usa.visa.com/dam/VCOM/download/merchants/visa-usa-in...

pbreit··on Monoliths are not dinosaurs

GitHub & Shopify both run substantially on Rails.

pbreit··on Wikipedia user edits over 90k uses of “comprised of”

I read this and googled a bit and don't quite understand what the problem is with "comprised of".

The author says this "The 9th district is comprised of all of Centerville" should be replaced by "The 9th district comprises all of Centerville"? That's it?

Is there some way to see what edits were made?

pbreit··on Monoliths are not dinosaurs

Now that PHP has lost its massive deployment advantage, step up to Rails or Python.

pbreit··on Monoliths are not dinosaurs

Agree. Very few systems benefit from the increased complexity and decreased productivity.

DHH has a couple of posts on the topic recently: https://world.hey.com/dhh/how-to-recover-from-microservices-...

pbreit··on Shopify will be smaller by about 20% and Flexport will buy Shopify Logistics

Tobi is one of the highest ethic persons in the industry. Can you point to any examples that would suggest otherwise?

pbreit··on Who regulates the regulators? We need to go beyond review-and-approval

Also, who reviews the peer reviewers?

pbreit··on Apple Pay’s long road to paying off is getting shorter

Mag stripe readers are $1.

pbreit··on Shopify will be smaller by about 20% and Flexport will buy Shopify Logistics

Also the same CEO who has built a $75b company.

pbreit··on Apple Pay’s long road to paying off is getting shorter

Chip payments remain awful. Mag stripe worked much, much better. Much cheaper "terminals". Could use in many more places.

The awfulness of chip payments makes Apple Pay possible.

pbreit··on Apple Pay’s long road to paying off is getting shorter

Anyone who uses Apple Pay knows it is the way payments get made in the future. The narrative that it is some sort of failure is completely wrong.

pbreit··on SpaceX Starship rocket explodes minutes after launch from Texas

A "flip was part of the flight plan.

pbreit··on Coinbase issued Wells notice by SEC

So which assets on coinbase do you believe are securities?

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