How did Stripe come up with its name? (2015)

Re:How did Stripe come up with its name? (2015) by fsckboy on Sunday September 03, 2023 @02:17AM (#37368122)

FTA: "The company's name is said to have been inspired by the word "strip," a reference to the simplicity and elegance of the company's platform, which "strips away" the complexity of traditional payment systems."

the magnetic strip on a credit card is called a stripe and it rhymes with swipe. I find it extremely hard to believe the origin is not more directly that.

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Re:How did Stripe come up with its name? (2015) by dfex on Sunday September 03, 2023 @02:48AM (#37368243)

ChatGPT is providing the "answer" with the "strip" reference and being completely contradicted in the next answer by Greg Brockman, the former CTO of Stripe, who was, you know, actually there.

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Re:How did Stripe come up with its name? (2015) by userbinator on Sunday September 03, 2023 @02:58AM (#37368289)

Excellent example of how AI is often confident and wrong, but you wouldn't know if it weren't for an authoritative source providing the truth.

(Stripe in context evokes the magstripe of a payment card for me too.)

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Re:How did Stripe come up with its name? (2015) by flangola7 on Sunday September 03, 2023 @08:31AM (#37369896)

What does AI or ChatGPT have to do with this story?

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Re:How did Stripe come up with its name? (2015) by Sebguer on Sunday September 03, 2023 @02:50PM (#37373152)

Nothing with the story, but the incorrect reference to 'Strip' came from the ChatGPT-generated answer Quora provides if you click on the question on their site. Which they seem to favor over an answer from the person who literally helped come up with the name...

The AI generated answer in full (which the article apparently linked to when the first OP here responded):

Stripe, the company that provides a suite of payment APIs and tools, was founded in 2010 by brothers Patrick and John Collison. The company's name is said to have been inspired by the word "strip," a reference to the simplicity and elegance of the company's platform, which "strips away" the complexity of traditional payment systems. Additionally, the company's logo features a stylized blue and white stripe, which also contributes to the name.

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Re:How did Stripe come up with its name? (2015) by dendodge on Sunday September 03, 2023 @04:26PM (#37374159)

Quora's ChatGPT answers are, as far as I can tell, more often confidently wrong than they are right. For example, for the question "Which monarch in history had the highest regnal number?" it generates

> The monarch with the highest regnal number in history is Sobhuza II of Swaziland, who reigned for 82 years and 254 days

which is clearly incorrect (2 is not a very big number), and yet gets its own nice answer highlight at the top of Google (where the AI generated nature of the answer is not noted at all).

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Re:How did Stripe come up with its name? (2015) by andirk on Sunday September 03, 2023 @02:50AM (#37368252)

And I find it hard to believe anyone ever asked where the name came from because it is so obvious.

More interesting is how PayPal was supposed to be some stupid company X.com that did everything. That didn't stick nor did the premise nor did the person who thought of it (Elon Musk).

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Re:How did Stripe come up with its name? (2015) by dang on Sunday September 03, 2023 @03:25AM (#37368412)

I think your quote is from a different answer than Greg's (https://www.quora.com/How-did-Stripe-come-up-with-its-name/a...), which was the submitted URL.

Unfortunately our software replaced it with the generic https://www.quora.com/How-did-Stripe-come-up-with-its-name/ because that's what Quora is listing as the canonical URL. We've corrected this in the submission link above. Sorry for the confusion!

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