Interested to hear stacker's thoughts on the new funding changes. Moving to a system that resembles Cowboy Credits. Once you've seen the vid I'd love to hear your thoughts and answer any questions. The plan is to revisit this in 6 months or so, and build out the funding options to be much more flexible, so your thoughts and ideas will be really useful for planning the future of plunda.co!
pull down to refresh
48 sats \ 2 replies \ @Wumbo 11 Dec
This is the first time I have seen your website, so I am trying to get my head around it.
Question:
If you are going to do a cowboy credit like system why not have it as a 1 to 1 conversion rate like SN? Is this because you want a "stable" fiat dollar amount?
reply
75 sats \ 0 replies \ @plunda OP 21h
hey just a little more context as i was afk and couldn't reply in detail.
the price of gaming chips is fixed in relation to the other loot types. e.g. 1k chips = 1 arcade token, 10k chips = 1 elite token
the tokens are backed by physical collectibles so it's important that the price doesnt fluctuate wildly and imo it's nice to know a fixed numerical number that they are worth.
the value of gaming chips is pegged to a basket of fiat currencies including dollars, euros and pounds. additionally it is also designed to deflate over time at a rate of 10% per year. gaming chips get more expensive over time, and the intention here is to counteract the inflation that is inevitable in the basket of fiat currencies.
this 10% increase will not necessarily be fixed forever, the gaming chip is a managed currency and the intention is to attempt to maintain price stability over time.
the main goal/idea is that over time the physical assets backing the arcade tokens etc. will be worth more in fiat money because of fiat inflation, so gaming chips are meant to counteract that and maintain a stable peg.
keen to get feedback on this system!
reply
69 sats \ 0 replies \ @plunda OP 23h
yeah that's right. something more stable iw important for several reasons.
nice, yeah give it a try. keen for feedback š
reply
0 sats \ 1 reply \ @Car 15h
Great update!
š« Plunda is marching right along, wild to see the progress. The physical item curation to me is the crowning jewel to all this.
Starting with coins, then trading cards, keeps it tight and liquid while ops get dialed. Def avoids the usual two sided marketplace inertia, because ideally...fingers crossed, will see Plunda can seed supply and let trading emerge on top. Very smart!
After cards, feels like the next move is anything small, shippable, and gradeable, am I thinking about that right?
reply
100 sats \ 0 replies \ @plunda OP 14h
that's spot on @Car, defo my line of thinking. by Q1 next year will have the product in a solid place and with asset shipping enabled too, and at that point can really focus on getting the fly wheel spinning! from then on the "magic of compound growth" post PlebLab recently shared on SN will be the playbook.
reply