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ted (not lasso)
@ted
it's inevitable that crypto product frontends will price access in stables and allow users to pay in whatever asset they want. pricing access to a product in a volatile asset is too bad of a user AND builder experience for it to remain the norm. speculators buy access they'll never use, drive up prices and lock out potential real users. bad for builders (who need real usage), bad for users (who can't get in). "what's wrong with adjusting access requirements as price changes?" if you're dropping access from 10k $token to 1k $token while nothing about the product changed, you're already pricing in stables — you're just using $token as an unstable middleman, introducing volatility risk for users and extra work for yourself. defi enables any product frontend to show price to access at a stable $25, yet users can still pay in whatever they want (ETH, USDC, ANON, HIGHER, VEIL). the tech for this already exists today. zero friction for users. zero complexity for builders. zero volatility risk for everyone.
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jtgi
@jtgi
followed same logic pricing with automod hypersub in usdc the counter is everyone wants their token to be a unit of account. - ethereum natives want it to be eth - memecoin $x wants it to be $x so they can build the 'unit of account' narrative - sometimes products choose it to be $x because it gives them advertising, etc. but on a long enough timeline i think stables will be normal, volatility is just bad for businesses and customers. (and btw, @loopcrypto offers this, I used it for glass, example checkout: https://checkout.loopcrypto.xyz/eef429bc-2e43-4b8a-8f7d-f8d67f6c67ab/92c043a0-9483-4c40-8d5e-8c0d5211f47a)
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ted (not lasso)
@ted
wholeheartedly agree, and unsurprised you went through the logic here. it comes across as cognitive dissonance to me that crypto masochists embrace and encourage the volatility, yet claim crypto is the solution for countries like el salvador exactly because the native currency is too volatile.
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