Reid DeRamus
@reidtandy
One of the potential hurdles of everything being a coin is that it requires people to make a lot of decisions — especially when to buy, but with tokens also when to hold & sell. This is an underrated reason why bundles outperform a-la-carte products, or why subscriptions outperform micro- & one-off payments.
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Callum Wanderloots ✨
@wanderloots.eth
Definitely. And that’s where the confusion starts to settle in, or the feeling of overwhelm. If things are too complex or require too many decisions, people just don’t bother. How do you see this type of coinification applied to writing? I know paragraph has been shifting their monetization plans
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Reid DeRamus
@reidtandy
We're definitely trying to figure it out! To start, we need to get to a spot where we can get reliable signal on new ideas in a quick & cheap way. Some things we've discussed: - Enabling coins at the publication-level (something like a creator token). Could be a nice alternative to paid subscriptions or NFT memberships. It could be cool to let people "invest" in a recently launched publication, or a writer they really enjoy that's just getting started. There's some interesting cases where writers cap the number of subscribers / members in web2 world, either directly (e.g., 10,000 email list max) or indirectly (e.g., set a really high price to keep paid subs down) — it's interesting to think about whether you could cap members based on coin issuance, and whether you could create a market around membership (similar to some private clubs IRL). Couple more ideas below...
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