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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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Mark Fishman
@markfishman
Yeah this is why First Draft Club has always been in USDC – imagine paying $25 and then only having the chance to earn back $1 of value although memecoins might be good for reward pools 🧐
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Juli 🎩↑
@juli
I would prefer to pay in higher and go higher with the other committed writers. I see it as a little extra gamification, better identification with a project/community with a shared goal to onboard more writers, keep writing, keep winning together. Obv when price goes the other direction it also offers negative reflexivity and some writers would Jump off for their Financial loss. Ultimately, a good way to kickstart an ecosystem, to onboard different communities (who are interested in using/denominating in other cryptos) but should also offer an Option for stables to give individuals the optionality to opt-out of the (overly) speculative Part whenever they want. (For some that‘s always, for others it‘s when they make a nice Profit or the denominator gets to volatile.)
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