New Plunda Release! Loot Swaps \ stacker news ~devs

before sat withdrawals would be added it'll be asset withdrawals, which is actually what i thought you meant when you posted about withdrawals a month or so back (IIRC).

I want to primarily appeal to users who are collectors of coins and trading cards etc so that I can start building up a business that will actual make money selling the collectibles which will fund further development of the platform into a thriving marketplace.

Down the line, hopefully in 6 months or so, i'll revisit the funding flows. the ideal functionality will be that each user just chooses what currency they use in the app, and then conversions take place at the point of sale.

so let's say you want to deal only in sats, but another user only wants to deal in gaming chips or dollars or whatever. you see all prices in sats, pay in sats, and receive sats, etc. so when someone buys an asset from you in gaming chips it just get converted at transaction time into sats and that's all you see.

so yeah, the plan is defo to re-visit the funding flows and add withdrawals. but for now, physical asset withdrawal is more of a priority so that collectors can actually receive the collectibles they buy!

having said that, if you, or anyone else who has deposited sats wants to withdraw them, i can manually process the transaction and remove the balance from your plunda account. just send me an email with the amount that you deposited and your plunda username

65 sats \ 6 replies \ @Scroogey 13 Dec

It's fine, I got pulled in by @BlokchainB's generous gifts, and have treated it like a speculation game (buy low, sell high, etc.). That is probably not the intended type of user.

So the real audience is people who try to sell collectibles and physically ship them to you for "auction", so to speak? And those will be paid out in cash/sats by you?

The heart of the operation is sale of physical items, not a game?

173 sats \ 4 replies \ @plunda fwd 13 Dec

yeah @BlokchainB has been super generous! in my mind there will be a few user categories, and each would be drawn to plunda for different reasons. i'm kinda building some user personas right now and talking to users to see how these personas line up with reality and test my assumptions about them.

The collector Looking to build up their collection over time, fill gaps in their collections, swap duplicates they already own etc. For them, physical ownership is much more important than the other users. They want to receive their collectibles physically, as well as deposit their physical collectibles with plunda.co, if they are looking to liquidate an old unwanted collection or maybe duplicates they own more than once.

The trader This user is interested in profit, they'll probably want more technical tools to manage their assets, charts and insights etc. they're looking for undervalued assets and arbitrage opportunities. etc They may be a hybrid trader who actually buys collectibles in the real world, deposits them with plunda, and then trades them virtually. they'd probably want withdrawals in sats, fiat or potentially high values coins/cards, but are unlikely to withdraw large collections of physical assets.

The gambler They're here to unwrap loot boxes and love the thrill of the chase. They're aiming for some big hits on their loot boxes. So features they'd like would be showing more details on what loot boxes contain and the odds etc, as well as gamification and having more low probability but high value prizes. e.g. Jackpots

The evangelist I'd probably put @BlokchainB in this category (correct me if i'm wrong haha!) They wanna see cool things get built in Bitcoin or the collectibles space more generally. Love to try new things and experiment with technology and aren't put off by MVP user interfaces. Also likely to have been a collector in the past, or collects to this day, but not necessarily the collectible types currently available on plunda. (antique coins)

I think the collector persona is essential to figure out, because they will bring repeat revenue in a sustainable way to plunda which will fund further development of the platform. However, the other personas also bring a lot of value and won't be ignored. For example, the trader and gambler will bring liquidity to the marketplace in different ways. and without the evangelists probably nothing would happen because i'd have already given up. They spread the word, keep the positive vibes up and provider super valuable feedback in the early days.

520 sats \ 3 replies \ @BlokchainB OP 13 Dec

Thanks! I think this is so cool what you built. I just hope you don’t run out of steam/funds and quit development. I have tried so many things that had a lot of early success only to die. From bitcoin wallets, games, shoot even miners.

I know my support might not be huge in the Sat count but I am glad you appreciate my attempt to support and to get the word out about this awesome site!

115 sats \ 2 replies \ @plunda fwd 13 Dec

Defo gotta have staying alive as one of the main goals. There was a pretty low point this summer but hopefully that's history now. Things are looking solid. Have a plan to get revenue flowing in by Q1 next year which will keep things afloat on that front, and then another big angle is simply to avoid burnout. Taking breaks helps so much with that. And celebrating all the small wins!

Like @PlebLab says in their recent blog post: "When you’re building a Bitcoin company, staying alive is way more important than it feels in the early days."

I'm taking this to heart and making it the plunda.co mantra until escape velocity has been reach out of ramen mode.

0 sats \ 1 reply \ @BlokchainB OP 13 Dec

Wow okay! I almost did a 5 black mystery loot box purchase but the payment on geyser failed for some reason. I also see you have a goal of 2M sats on geyser.

Maybe increased contributions from me can turn those ramen noodles to cans of tuna??!?

0 sats \ 0 replies \ @plunda fwd 13 Dec

hahah whooaa, wouldn't wanna splash out on tuna just yet! should keep it ramen to extend that runway as far as possible ;)

also yeah planning to give the geyser project a brush-up soon and re-write the story on there so it better represent the project as it currently stands - things have progressed a lot since it went live

reply on another page

93 sats \ 0 replies \ @plunda fwd 13 Dec

and yeah, one last note, plunda.co headquarters will be seeding a large quantity of collectibles into the marketplace next year. plunda.co is working with several coin dealers who supply bulk coins, they're then photographed and listed for sale. when they sell, plunda.co re-invests the money into building the app and buying more collectibles. the buyer of the collectible can then re-sell or withdraw. initially, user deposits of their collectibles will be small, overshadowed by the plunda.co supply. however this may change over time as more and more users see the benefits of having plunda process, photograph and handle their collectibles. they save a lot of time and effort by using the plunda.co asset deposit feature.