Consumers prefer holding equity over paying monthly SaaS subscriptions
Max Metcalfe · The First SaaS on BitClout will Replace Substack, Patreon · Apr 9, 2021 · at 18:11
Max Metcalfe, founder of SubClout, explains the value proposition of token-gated subscriptions on BitClout by drawing an analogy to Spotify.
0:00 / 0:16exact quote · 16.4s
720p mp4 · rendered on demand · StarZero watermark
“We want to build a platform that enables people to have the option of paying 10 dollars a month for Spotify or owning two shares of their stock. And if you could have that choice, I feel like most people would choose to own two shares of their stock, given that you have money to buy two shares of stock.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Max Metcalfe
Token markets for undisclosed private companies create high fraud risk
“Like all of a sudden you're a stock market for private companies who don't disclose any data. And I think like the potential for fraud and the potential for hurting investors more than helping them in the longterm is pretty high there.”
SEC will not allow unregulated private company token trading in US
“Like, the SEC isn't going to allow that to happen, at least in America.”
Selling creator coins to fund founder salaries depresses token value
“Selling coins decreases the price and kind of hurts the value of the coin itself. So the reason to raise outside funding is to give us a path where we can build this full time without like Hurting the value of the coin in the short term so we can like build fo…”
SubClout coin grants platform access, not equity ownership
“When you buy the coin, you're not buying stock in the company, right? Those are two separate things. It's like a way to get rewards. So the reason to buy sub cloud coin is not because you get X percent of the company. It's because you get to use the platform, …”
BitClout will likely eventually offer a native gated newsletter
“So, like, the possibility that BitClout will eventually offer a premium newsletter where you can do a long form post to your top X holders of the coin, the possibility that actually is pretty high, I think. Very high.”
BitClout will not offer fiat payment options alongside creator coins
“The possibility that they will also say you can access this if you pay 10 dollars a month or if you own the coin is very low. Because they want to bring people into the community. They don't want to give people that option of using fiat currency.”