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Web2 UX is laughable compared to Web3
Turning on paid subs on Substack...
1)
I need to KYC on Stripe: 1-7 business days.
May require additional random checks.
2)
I need to register a business: 100 to€ + ongoing fees & taxes.
Or a US LLC: ~$300 + ongoing fees.
3)
Then, Stripe takes 2.9% + 30¢ per transaction +2% if paid in different currency.
Initial payout: 7-14 days. Then 2 biz days, unless you pay +1%.
4)
Oh, and Substack takes additional 10%.
In total:
- Give away my data
- Wait for 20+ days
- Give >15% of profit on ongoing basis
Doing it on Ethereum using eg. @paragraph_xyz:
1)
Create a wallet (free)
2)
There is no 2), that‘s it
Ethereum will win 🫡

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