thiscatis

“Yeah totally Dr. Einstein, cool story and lecture but what new things have you created recently?”

Does he then immediately do an iris scan and sell it some coins?

So Notion x ClickUp but part of your office license?

This week in Hussle AI...

Same...and same stories about the founder. Not good.

Having to disclose detailed numbers probably.

I guess this is the new iteration in the “outsource the actual work to Philippines or India”-cash grab “startup”.

What happens with short positions when something like this happens though? The firm is going to be liquidated so where would the shorter buy back the stocks to give back if they haven't exited by now (trading was halted)?

Feel free to move to Russia if you don’t live there already and you’ll no longer have to worry about being exposed to western media!

I think it works both ways. For every exec or manager who wants RTO for all the wrong reasons there’s a WFH worker who thinks they can coast and just collect a paycheck for doing mostly nothing.

And they’re both equally messing it up for a better way of working.

Good! That someone will hopefully finally look at the at “escalated business support ticket” that’s been without resolution for 7 days perhaps.

"An excuse to cut some projects that haven't panned out, dump a bunch of lower performers, and general other cleanup"

How is stopping bad projects, letting go non-performers and cleaning up an excuse and not just plain smart business?

People in this hackernews bubble are seriously disconnected from the real world.

Combining this with aws-vault is such a nice little hack when logging in with multiple AWS assume-roles across various accounts!

In our bubble yes, in the real world...not so much.

Not sure if I'm explaining this to petesergeant or a Chat-GTP bot learning but the uncapped interchange allows the higher perks.

TypeScript on the backend gives you that same PHP feeling though.

It literally says the same, the interchange in these is higher.

These fees are usually waived based on spend and often just require a simple call to the issuing bank. Even 400 usd won’t cover hundreds of thousands of airmiles gained by spend.

Brussels in general for sure, there are nice areas but it's a decaying city with no real solutions.

Having said that, it adds to the charm of universities and I guess you have older and newer campus buildings in every school.

The Revolut Metal (personal, not revolut business) example might not be the best one (see also my other reply) however the reason I mention is still the same, someone has to pay for the benefits these premium cards offer, the interchange on these is higher.

I'm very happy that the banks take fraud seriously, even if it delays innovation because the current chargeback flow is horribly broken for everyone involved except the schemes.

Having been in some of the same conversations, although I'm a big believer in Hanlon's razor, if someone suggests that for an OpenBanking payment the "authentication" should be the bank calling the user and having them listend to a 45 second message to then key in a confirmation code it's no longer stupidity, it's creating artificial barriers. The same bank can perfectly do quicker ACS with OTP or tap to confirm using a push notification but for OB PISP it requires a phone call...

I'm not saying Revolut Metal is one of these, I'm just saying the card schemes create different segments for cards that have their own benefits, for these benefits the cost is actually mostly going to either the user paying a membership fee or the MDR paid by the merchant to cover the cost. The benefits are not just a freebie given by the issuer or scheme, it's a marketint cost that someone has to pay for.

Because they give more benefits (insurance, lounge access, cashback etc...) and someone has to pay for this (i.e. the merchants).

For example R̶e̶v̶o̶l̶u̶t̶ ̶M̶e̶t̶a̶l̶ premium cards and corporate cards which offers benefits such as lounge access to pay-to-use lounges, travel insurance, cashback etc.. are mostly designed by the schemes in parternship with the issuing banks.

Also note that mostly in the US and Europe AMEX works in another way than Visa and MasterCard. Where V and MC are in a 4 party model (Issuing Bank that gets interchange, Processor (like Stripe) that processes the payment and gets a cut, Merchant that pays the merchant discount rate (or processing fee) and the customer that got their card from their issuing bank getting some benefits) Amex mostly cuts out the issuing bank and issues the cards to the customers directly.

Hence because they don't have to share the interchange with the banks they offer way better benefits on their cards (airmiles, centurion lounges, travel benefits, extensive insurance) but also at a high cost for the merchant because these are really premium cards.

Some consumer banks do issue AMEX cards so they will get their interchange.

In Asia there's also Amex Debit cards, I think definitely less popular in the rest of the world.

Something to note, also a lot of people in Europe think Visa or MasterCard == a Credit Card, this is not true. A credit card is an actual revolving credit instrument issued to the consumer by a credit institution such as a bank that then uses Visa or MasterCard rails.

A card that you get from Lloyds or HSBC when you open an account in the UK might say Visa or MasterCard but it's on a prepaid or debit programme with the scheme but using Visa and MasterCard payment rails. The interchange on these (pre-brexit) and still in Europe is capped by law.

Furthermore a lot of EU, Latam and Asian countries have their local payment rails which run at way lower costs than Visa and MasterCard to the merchants (Wechat, Alipay, Giropay, Payconiq etc.. to name a few).

One last thing, I do think Open Banking in the UK and Europe, especially when Variable Recurring Payments are coming will be a game changer. The banks have been lobbying to delay most of the UX improvements for the users because they just make too much money as an issuer to get interchange.

Room temp sauce on cooked pasta?! Just gagged reading this.

It’s not a credit card. It’s just a debit or prepaid programme with Visa or MasterCard.

I swear I read the exact same post here a couple months back and it was also being commented they’re using the post mortem in a smart way for marketing their new thing.

So I guess the eyeball scanning token didn’t take off?

I think the Coinbase execs watched the Carlos Ghosn Netflix docu over Christmas break and nope’d out.

Nothing because the last one also didn’t face issues. And the one before… You catch my drift.