Based on the feedback I received from basically every new Vibes musician I talked to that has joined us on Hive, I went ahead and tried to fix one small part of our archaic and outdated way of presenting our tokens. A number of our frontend wallets.
To note is that I am not looking for comments like:
"Just use Keychain".
Keychain does not create accounts.
Keychain is not new user friendly in any shape or form. Keychain is great once you understand how to manage your keys and I use it for everything but that is so far down the line for new users that it doesnt even come into the experience of anyone you are trying to onboard easily and quickly. Anything that requires you to spend 20 minutes explaining is not new user friendly.
Because of that, Peakd, ofc falls into the "not new user friendly" category but since they do not differ significantly from the other 2 options I went with when it comes to the redesign, they were added.
The goal:
Reduce clutter and noise
which includes pointless text that has no place inside a basic frontend wallet. More text is NOT better. More reading is NOT better. Basic understanding should come at a glance and not after reading a page of text. Your understanding of Hive is where? ITS IN YOUR HEAD! It will not come from blasting your brain with text when you want to move some tokens. When was the last time you even read what was written inside a frontend wallet? I dont even see it anymore, my brain ignores it! So does yours. We just go where we need to go. But you know who it messes with? NEW USERS!
Killing "Hive Power".
Hive power inside a wallet does absolutely nothing to clarify what it is. All it does is raise more questions like:
"What the hell is Hive power?"
The easy answer and the only thing you can tell people that just start up is: "Its just staked Hive."
Well... if its just staked Hive then it should be presented as staked Hive!
Explaining the intricacies of Hive Power is the most foolish thing you can do for new users.
No one will remember that. NO ONE.
What that staked Hive does can be placed inside a nice expandable "?" once theyre used to basics of sending and receiving tokens.
Hive power is the most pointless term that exists on Hive. It needs to be called staked Hive because that clarifies what it is and falls inside the standardized terms of the wider crypto market.
ITS UNDERSTOOD. The term "Hive Power" first requires explanation that it is "Staked Hive" and then explaining what "Staked Hive" does. So it adds an additional step and objectively makes it more confusing even beyond the added confusion of making Hive appear as having 3 tokens.
Renaming HBD to HUSD.
The controversial bit. 18/20 top marketcap stablecoins have a name that includes USD or EUR. That is for a reason. The ticker makes it absolutely clear what it is. Do you know what my Tweet about Vibes winners looks like when I announce how much money people won each week?
Do you think I say the first place won 500 HBD?
No ofc, not. Because thats completely meaningless to anyone browsing the internet. If I called it HBD id probably onboard close to ZERO new people via Vibes instead of the hundreds that we are lucky went through the pains of the Hive frontend clutter when other options out there are so much more user friendly.
I say they won $500 because its easy to convey value that way. Renaming HBD into something with a stablecoin name would make it far easier to convey the meaning of HBD.
HUSD is a stablecoin that exists but has been dead for 2 years so the name seemed well suited.
But even that aside. Lets say its too much to change.
In the visuals I provided you can just call it HBD and put in (...) that its a (STABLECOIN).
Savings are dumb.
I personally see ZERO value to Hive savings especially with the security Hive offers at its base level but I still placed it under Hive as an option. Under HUSD/HBD i renamed it to "Staked". Why?
Well because 100% of people, even on Hive that I have talked to says... you guessed it:
I staked my HBD for 20% APR
And that is what it effectively is. That is how people see it. That is how it should be presented. Removing SAVINGS as a whole separate part of the wallet was the easiest choice of all. The way its presented in the wallets is on equal terms as the actual tokens which is incredibly foolish and user unfriendly.
It should be placed under the 2 respective token options and renamed for HUSD/HBD as "STAKING".
Conclusion
Now.. OFC, people on Hive that had months and years to get used to this confusing and absurd way of presenting our tokens might be against change.
I kind of like calling it Hive power.😒
To that I would say that I also know people that still wear their 10 year old shoes to the football pitch in my neighborhood, with holes in them so big that their big toes leave scratch marks on my ankles.
Change is good. Good change is even better.
To that point. Stop thinking from your own point of view thats based on looking at this for years and start thinking from the point of view of those people that come here and who we want to stay.
This affects you in no way whatsoever. But it does simplify Hive tremendously for 100% of new users.
We want new users to stay, dont we?
ADDED:
- HBD to HUSD based on community choice.
- CC should say Credit Card.
- Overall design of wallets and wording of minimal text at discretion of frontends.
- Cutting clutter and pointless text, killing Hive Power, removing Savings from equal presentation of tokens, calling HBD/HUSD savings - staking, ABSOLUTELY needed.
@jarvie, @goodkarma, @asgarth, @quochuy you are absolutely welcome. You dont have to pay me for this. You can just give me a hug at Hivefest this year.