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1. Embed this notice
   Taggart :ifin: (mttaggart@infosec.exchange)'s status on Friday, 03-Apr-2026 01:35:32 JST Taggart :ifin:

   The Linux Foundation getting in bed with Coinbase to develop a web payments standard.

   No thanks very much

   https://www.linuxfoundation.org/press/linux-foundation-is-launching-the-x402-foundation-and-welcoming-the-contribution-of-the-x402-protocol

   • Embed this notice
     Taggart :ifin: (mttaggart@infosec.exchange)'s status on Friday, 03-Apr-2026 01:35:28 JST Taggart :ifin:

     in reply to

     • feld

     @feld Do you get the difference between being a service provider and standards maintainer? Do you get why you want a firewall between them? And why, for financial material, that firewall is extra important?

     Doughnut Lollipop 【記録係】:blobfoxgooglymlem: repeated this.
   • Embed this notice
     feld (feld@friedcheese.us)'s status on Friday, 03-Apr-2026 01:35:28 JST feld

     in reply to
     @mttaggart Do you get that the W3C has had 30 years to broach this problem and have done nothing? And they have no expertise in designing a payments system?
     
     What's the last major thing we let the W3C build for us, ActivityPub? This terribly underspecified piece of shit of a protocol?
   • Embed this notice
     Taggart :ifin: (mttaggart@infosec.exchange)'s status on Friday, 03-Apr-2026 01:35:30 JST Taggart :ifin:

     in reply to

     • feld

     @feld I do not think letting the payment processors govern the standard could be anything but status quo

   • Embed this notice
     feld (feld@friedcheese.us)'s status on Friday, 03-Apr-2026 01:35:30 JST feld

     in reply to
     @mttaggart call me when the W3C owns a bank
   • Embed this notice
     Taggart :ifin: (mttaggart@infosec.exchange)'s status on Friday, 03-Apr-2026 01:35:31 JST Taggart :ifin:

     in reply to

     No wait, it's worse than you thought!

     Membership [of the x402 governing body] will be comprised of participants from multiple verticals with initial intent and support being expressed by Adyen, Amazon Web Services, American Express, Ampersend.ai, Base, Circle, Cloudflare, Coinbase, Fiserv Merchant Solutions, Google, KakaoPay, Mastercard, Merit Systems, Microsoft, Polygon Labs, PPRO, Shopify, Sierra, Solana Foundation, Stripe, thirdweb, and Visa.

     This is a list of people I don't want in charge of my money. And yes, I am forced to use some of them. Doesn't mean I trust them.

   • Embed this notice
     feld (feld@friedcheese.us)'s status on Friday, 03-Apr-2026 01:35:31 JST feld

     in reply to
     @mttaggart yeah but we kind of need their services if you want to build a seamless payment system on the Internet so we can pay for content instead of being spied on for as revenue
     
     Hating on this just further entrenches the status quo