News for hackers. Stuff that matters.
Re:Stripe 2021 Business Update [pdf] by reducesuffering on Friday April 08, 2022 @04:10PM (#30961948)
Lots of comments related to Block revenue wrt Bitcoin that needs some context. Block is making inflated revenue because they're legally required to report buying a Bitcoin for $49.5k and selling for $50k as $50k in revenue, even though their profit will be negligible. Since their bitcoin fees, their gross profit is a much better metric, as how many bitcoins they're skimming, adding to inflated revenue metrics, is meaningless.

There are no comments on this comment yet.