19 Comments       9 Reposts       2 QuoteReposts       9 Reposts       6 Likes       54 Diamonds
Comments (work-in-progress)
@mossified - Dec 11, 2024
Dude, thanks so much for writing this haha I'm going to use this from now to send to people!

Very well -written, appreciate it!
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@clayoglesby - Dec 11, 2024
Instructions unclear.. bought Fartcoin.
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@0xAustin - Dec 11, 2024
Unfortunately, probably not a bad idea!
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@Rhynelf - Dec 12, 2024
Thank you for putting this together. Very helpful.
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@JohnDWeb3 - Dec 12, 2024
Epic
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@GlowArtAz - Dec 11, 2024
Thank you so much for the explanation! This is very valuable and I appreciate it!
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@DeadMetal - Dec 11, 2024
Thank you for this👊🤘
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@Nordian - Dec 11, 2024
Great work, thanks for making this effort for the community.

@mossified, is it possible to consider improving the UX/UI for users on this page to avoid a bad experience? Maybe something like a function that checks if the fees are more than X% of what the user will receive before confirming the order. If so, a pop-up window could appear explaining the situation and reconfirming if they want to proceed (maybe using the Etherscan API to show the current gas fees).

I understand this will add friction, but I think it will boost user confidence. For example, look at the last post on the DeSo page on CoinMarketCap. I'm not saying they're right, but clearly, a significant number of users are expressing disappointment and frustration with the current, sole mechanism for acquiring $DESO, so it might be worthwhile to improve it (at least communication-wise).

Perhaps you could ask current users for their opinions to gain insights into the various aspects of their current experience.

If I can help in any way, please let me know.
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@SupremeP - Dec 11, 2024
Ascendex worked for me.
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@SupremeP - Dec 11, 2024
good stuff; thanks for that. now we need(ed) a "cash out" tutorial still.
ah, and: heroswap sucks.
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@0xAustin - Dec 11, 2024
Cash out is the exact same. Just reverse the steps!
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@scriptless - Dec 11, 2024
That's very similar to what the one guy on that Apple TV Severance show said to the guy in the other department when he handed them the directions lol Which reminds me, new season drops mid Jan :)
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@0xAustin - Dec 12, 2024
I just started watching season 1. It's really good so far!
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@scriptless - Dec 12, 2024
Yeah, I binged the whole thing quickly and was like wtf it's over already.. it was so short. But man am I happy more episodes next month lol
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@SupremeP - Dec 11, 2024
believe it or not, i've never used ethereum. as i understand i buy dusdc with erc-20 usdc, and i cash out dusdc into erc-20 usdc. so far so good. now, both steps cost ethereum a fee. where am i supposed to hodl this ethereum? in the sending/receiving wallet that i send from/receive to erc-20 usdc? or different in buying, vs cashing out case? or same? these ethereum fees a/ completely deter me, and b/ i do -thus far- not get where, in each case, i even have to hodl the ethereum to pay for it. thanks.
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@0xAustin - Dec 11, 2024
Yes, hold the eth in the ethereum wallet you use to send/receive USDC. In my opinion, this is not something that should be done frequently. The infrastructure and user experience just isn't there to constantly be flinging money around between DeSo and other L1s/wallets unless you are a whale. And even then, just sit back and be patient..
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@SupremeP - Dec 11, 2024
i understand. i've so far never cashed out any deso. i only bought it (with btc), and earned it, on DeSo. i hodl, and stake it. if i understand this all correct, erc-20 usdc on ethereum is entirely impractical to e.g. buy a coffee with. i had to pay $5 for the actual coffee and times 3=$15 for the ethereum fees, and i had to constantly buy ethereum to even be able to pay for my coffee in erc-20 usdc. i stop wondering why crypto finds no sufficient mainstream adoption that way. hm. how to i deposit ethereum, buy it, no-KYC? any experiences? thanks.
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@brootle - Dec 11, 2024
that is so stupid to use ETH based stable coin, makes me feel mad! I am not buying anything like that via Openfund
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@0xAustin - Dec 11, 2024
I wouldn't say stupid as that is where the majority of USDC is currently located.. You don't have to buy anything like that via openfund, but it is the best way currently whether we like it or not
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@brootle - Dec 11, 2024
I will wait for USD on Ripple net 👀 gonna be dirt cheap
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@kanwalcheema - Dec 11, 2024
As far for buying and selling deso on openfund is easy as fuck.. very simple.only thing which trouble people who are having very small bags and that all because of eth gas fees..nothing complicated with openfund. @mossified
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@dreeds - Dec 11, 2024
@0xAustin use case scenario that I'd like you weigh in on, please:

Let's say I'm a Joe-shmo small-time investor who likes the idea of DeSo (like 99% of the ppl here, I think). Let's say I have $100 USD that I'd like to invest in DeSo. Isn't there a way I can just buy DeSo from my bank account/ credit card on one of the DeSo nodes and pay their markup to help support the developers of the node? Didn't this exist in the past?
Thanks in advance for your response, if you have the time.
Dean
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@dreeds - Dec 14, 2024
Can anyone offer some insight to my post? I'm trying to figure the best way to invest some more $$ into #deso @Randhir @mossified @0xAustin ???
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@Randhir - Dec 14, 2024
AFAIK, there's no easy way to do this. It may have existed on some node in the early Bitclout days. Revolut was working for a few months, but it stopped working once CB delisted DESO because I believe they use CB API in the backend. @NFTz is working on adding Stripe I believe. But it's not live yet. CC: @mvanhalen
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@NFTz - Dec 14, 2024
On our to do list
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@dreeds - Dec 15, 2024
Follow the money to win!
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@dreeds - Dec 15, 2024
Thank you @Randhir -- It amazes me that a team so talented as @deso can't figure out / isn't prioritizing an easy way for "average" people to buy in to the platform. I mean, this is supposed to be social media crypto style and that needs a large audience but the hoops for the average person to "put some skin in the game" seem incredibly difficult. I mean, imagine I invited my uncle Doug to join DeSo because of any of the many benefits vs. w2 social networks. He looks at it and says, "heck-um, I'm in-fer $500" How does he even do that without calling @nader to explain the 42 steps?
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@DegenDudes - Dec 13, 2024
When DeSo/BTC pair? @mossified
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@CarsonLP - Dec 11, 2024
If you want to buy open fund you have to buy deso first with your Usdc. If you want to cash out open fund you receive deso which then has to be sold.
It makes it tricky to place a limit order for open fund tokens because your deso is variable so it doesn’t just sit and wait for the limit order to be filled without the value changing
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