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Blind to Disruption – The CEOs Who Missed the Future

(steveblank.com)
128 points ArmageddonIt | 2 comments | 08 Jul 25 13:41 UTC | HN request time: 0.001s | source
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1oooqooq ◴[08 Jul 25 15:11 UTC] No.44500769[source]▶
nice article, but then end with the brain dead "jump on [current fad]".

If this was published a few months ago, it would be telling everyone to jump into web3.

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nailer ◴[08 Jul 25 15:23 UTC] No.44500886[source]▶
HN (not YC, who readily invest in blockchain companies) are usually about a decade out regarding blockchain knowledge. Paying 2-6% of all your transactions to intermediaries of varying value-add may seem sensible to you. That's fine.
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bryanlarsen ◴[08 Jul 25 16:00 UTC] No.44501246[source]▶
Merchants aren't the customer target for credit cards, consumers are. Credit card payments are reversible and provide a reward. There are lots of options available that are better for merchants than credit cards (cash, debit cards, transfers, etc). But they all lose because the consumer prefers credit cards.
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1. nailer ◴[08 Jul 25 16:13 UTC] No.44501408[source]▶
Yes, that's the varying value-add mentioned in the comment you're replying to. I pay 3.5% of every card transaction to Square. I don't get 3.5% cash/rewards back.
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2. bpt3 ◴[08 Jul 25 16:18 UTC] No.44501467[source]▶
Do you get a discount for paying with cash (or blockchain)? In general the answer is no, meaning you aren't paying the 3.5% transaction fee, the merchant is.