[HN Gopher] Square is now called Block
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Square is now called Block
Author : muhammadusman
Score : 32 points
Date : 2021-12-01 21:38 UTC (1 hours ago)
(HTM) web link (twitter.com)
(TXT) w3m dump (twitter.com)
| jonny_eh wrote:
| WTF is @TBD54566975?
| wmf wrote:
| It's a crypto incubator.
| jonny_eh wrote:
| Thanks, it's weird though that their twitter bio doesn't say
| that.
|
| It's just a picture of a musician and #Bitcoin and a picture
| of a hat. https://twitter.com/TBD54566975
|
| Is anyone in this space serious?
| wmf wrote:
| Twitter bios are pretty bad in general. I'll check
| someone's bio and it just says something like "optimist,
| player of games" which doesn't help my poor literal-minded
| brain decide whether to follow them or not.
| randomhodler84 wrote:
| Their first product is a decentralized peer to peer Bitcoin
| exchange based on Decentralized Identity. They released their
| white paper recently.
| a_crowbar wrote:
| Interesting... thinly veiled play on blockchain? With Jack's
| recent leave of twitter, I think it's clear this is his new
| vision for the future.
|
| With Facebook's recent re-org to Meta, is this spurring a new
| wave of companies re-branding to be seen as relevant by
| associating with future technologies?
| inerte wrote:
| Something interesting is happening in other industries, where
| large conglomerates are spinning off high-growth potential
| divisions, specially pharmaceuticals
| https://www.fiercepharma.com/topic/spinoff all for that sweet
| sweet stock growth
| nikolay wrote:
| This is stupid! I don't wanna be boosting crypto indirectly so
| our nonprofit is leaving Square now!
| randomhodler84 wrote:
| I am sorry to inform you that you may have trouble finding
| fintech outfits that are not playing with Bitcoin moving
| forward. Good luck with that fiat.
| nikolay wrote:
| You're wrong! We have both SumUp and Intuit! Both are cheaper
| and better than Square anyway!
| rezistik wrote:
| I'm not super bullish on crypto and frankly it terrifies me
| a bit, but Intuit charges rent to the US population by
| lobbying to maintain complicated tax forms and
| processes...is that what you'd rather support?
| randomhodler84 wrote:
| Ironically, intuit and SumUp did have BTC payments in 2014
| but stopped it due to low demand. (Of course... what people
| don't get is BTC is not for spending. It is for saving.)
|
| Maybe early to the pre party and late to the after party?
| yurishimo wrote:
| I think that's fine, but why create so much chaos with a
| rebrand on a product that currently has very little to do
| with blockchain tech? Why not spin off a separate entity,
| "Block (powered by Square)" to prove the idea and slowly
| migrate?
|
| This name change is going to be extremely confusing to end
| users who are out of the loop given the current dominance of
| the Square brand.
| randomhodler84 wrote:
| The key public brand cash app tidal etc is the same. Square
| was vendor facing mostly so the name isn't that important
| as b2b names change frequently. I don't think as big a deal
| as Meta name change, being a consumer brand, and that's not
| really a problem with consumers so far.
| wmf wrote:
| The Square product is not being rebranded. Nothing is
| really changing here.
| nscalf wrote:
| Have you tried using cryptocurrencies? What made you so
| polarized on this topic?
| nikolay wrote:
| I used to mine Bitcoin before it was cool.
| randomhodler84 wrote:
| And you still have some today?
| flgr wrote:
| I really adore the demo scene vibes I'm getting from
| https://block.xyz/.
|
| You can say what you want about megaholding corporate
| conglomerates, but this has so much more style than abc.xyz.
| piinbinary wrote:
| A block is a square in 3 dimensions
| htrp wrote:
| this makes almost no sense unless Dorsey is going full time
| crypto .....
| wmf wrote:
| He is.
| randomhodler84 wrote:
| Not crypto, Bitcoin. Not blockchain, Bitcoin.
| piinbinary wrote:
| Other threads:
|
| * https://news.ycombinator.com/item?id=29409382
|
| * https://news.ycombinator.com/item?id=29409497
| KoftaBob wrote:
| I wonder if their stock ticker will change. BLOCK doesn't seem to
| be taken.
| htrp wrote:
| Press says no.... still SQ
| KoftaBob wrote:
| Yeah you're right:
| https://twitter.com/Square/status/1466158918724472837?s=20
| arthurcolle wrote:
| 5 letter tickers are frowned upon generally unless its a
| different share class or if its in some kind of
| credit/corporate action I thought. Like .E means Ch11 (iirc)
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