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alexmorley commented on Stripe valued at $159B, 2025 annual letter   stripe.com/newsroom/news/... · Posted by u/jez
jongjong · 17 days ago
I cannot comprehend why there are so few companies dominating the payments sector. It doesn't seem competitive. Anyone can build a payment processor, nobody can get regulatory approval.

I also don't understand the fear around SaaS recently... People believe some weird narrative about AI replacing SaaS apps... Oh boy, people actually think that building the thing is the hard part. The entire software industry is pure crony-play; the people who run the big corporations own shares of their SaaS providers so they have no incentive to cut those contracts. Same with payment processors. I can't believe people still think we have a free market.

You can point to any company that's successful and there will be conflicts of interest all over the place. It doesn't even matter what the company does TBH. It's irrelevant.

People are just competing on who can make the money move around in circles within their group the fastest. Money certainly seems a lot more abundant when it passes through many hands and people are just buying stuff from each other.

alexmorley · 17 days ago
> "anyone can build a payment processor, nobody can get regulatory approval."

If you want to become a bank regulatory approval is hard. If you don't then its necessary but not the biggest barrier by far. Building trust with card networks, merchants & banks, interfacing with card networks, optimizing acceptance rates to a high level against the black box of card networks etc.

And then you still wouldn't make any money because the margins are extremely low on processing payments themselves - so either you have to have massive scale or have a bunch of value added services that you charge more for. For which you also need a serious commercial engine to be able to sell to either loads of enterprises or some very large ones (who will rarely sign exclusive deals - they will just give you a share of wallet so they can transfer traffic over at will).

Card networks are another story...

alexmorley commented on UK House of Lords Votes to Extend Age Verification to VPNs   reclaimthenet.org/uk-hous... · Posted by u/ubercow13
alexmorley · 2 months ago
Not made clear in this article - this bill will be passed back to the House of Commons to debate/amend before going back to the House of Lords. This was not the final say.
alexmorley commented on Mistral releases Devstral2 and Mistral Vibe CLI   mistral.ai/news/devstral-... · Posted by u/pember
alexmorley · 3 months ago
Does anyone know where their SWE-bench Verified results are from? I can't find matching results on the leaderboards for their models or the Claude models and they don't provide any links.
alexmorley commented on Show HN: Walrus – a Kafka alternative written in Rust   github.com/nubskr/walrus... · Posted by u/janicerk
Barathkanna · 3 months ago
Walrus isn’t trying to replace Kafka, but it does beat Kafka in a few narrow areas. It’s a lightweight Rust-based distributed log with a fast WAL engine and modern I/O (io_uring), so the operational overhead is much lower than running a full Kafka stack. If you just want a simple, fast log without JVM tuning, controllers, or the entire Kafka ecosystem, Walrus is a lot easier to run. Kafka still wins on ecosystem, connectors, and massive scale, but Walrus is appealing for teams that want the core idea without the complexity. Really impressed by the direction here, great work!!.
alexmorley · 3 months ago
IMO for those requirements Redpanda has been the go-to for the last 5 years or so but I agree this is still a nice take and potentially even lighter.
alexmorley commented on AI World Clocks   clocks.brianmoore.com/... · Posted by u/waxpancake
bobbylarrybobby · 4 months ago
Without AI assistance, this should take ~10–15 minutes for a human. Maybe add 5 minutes if you're not allowed to use d3.
alexmorley · 4 months ago
It's just html/css so no js at all let alone d3.

u/alexmorley

KarmaCake day713March 20, 2018View Original