Reid DeRamus
@reidtandy
Big believer in this part: "The holy grail will be when users consume content not knowing wtf is happening in the back." e.g., We've been wondering if we could pull off a purchase flow for coins without showing any numbers. A lot of the numbers just serve as an index: How much support do I want to give? How popular is this post or writer, or how relevant is it to my interests? There may be ways to answer these without showing precise numbers. This type of flow may not work well for speculators, but hopefully it would be great for people who care about the writer or writing (which yes, maybe is a smaller market now, but IMO could be a much larger market opportunity than pure speculators / bots).
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samgslastlife
@samgslastlife
That’s an interesting concept, I think especially there is a psychological factor from the marketing side where a pretty high percentage of people (gen pop) check out the second there’s a decimal with more than two numbers behind it. Honestly anything that isn’t dollars/pennies immediately carries subconscious weight bc it means doing more complex math. It would be interesting to see a token take on utility but abstract away price concerns so that #of tokens matters more than price to the end user.
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Reid DeRamus
@reidtandy
Yes, something along these lines. I think you'd have to show how much the person is paying at some point in the purchase flow, but it could be secondary & not overly in your face. We definitely don't need to show coin price, number of coins, or even that they're buying "coins". Over time, maybe there's a chance people become conditioned on what to expect in this type of purchase flow. We see that a bit with open edition collecting today — the people who collect more than once kind of know how much money they're paying each time they collect, and don't pay much attention to the numbers.
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samgslastlife
@samgslastlife
Yeah, it would vary from project to project as to how it would be applied and who the end user is (b2b, b2c) but I imagine it's mostly just not centering it's dollar paired value in general UI. In pay flow it would need to be there somewhere, it just wouldn't have to be an ongoing concern for the holder, if their main concern is utilizing the token and not speculating. The vaiue in speculating would be more, "How much can I recoup if Idon't use all of x resource?" which seems like a big win if there is a chance of price going up. Not sure if something like that would require a coin to be stable but maybe there are some tokenomic mechanisms to reduce volatility. That's the only danger, is abstracting away price and leave the user unaware of a loss.
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