Sure, but "I want everyone to standardize on Venmo because their UI is better than banks'" is a very different argument than "I want the market to compete for a better money transfer UI/UX."

It's like the difference between Twitter as the UI/UX leader (humour me and assume that part is true) stomping all over the market due to the network effect, and the ability for Mastodon instances to compete for the best UI/UX.

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TMWNN an hour ago | parent [-]

If better payment UI were a compelling reason to choose one bank over another, banks would have improved their Zelle UI years ago. But it isn't, so they don't.

The Venmos of the world have all the incentive to improve their UI, because they don't have anything else drawing customers to them and causing them to stay.

PS - Twitter is more important than ever in terms of driving the news, while the last time Bluesky or Mastodon broke the news on anything was March 32nd of twenty twenty-never. Mastodon instances stand out mostly in their ability to self-immolate over the latest Maoist struggle session. <https://news.ycombinator.com/item?id=34748195>

	▲	Marsymars 3 minutes ago \| parent [-]
		> If better payment UI were a compelling reason to choose one bank over another, banks would have improved their Zelle UI years ago. But it isn't, so they don't. Sure, but that's not in opposition to my point. I'm saying that for any individual, switching banks for money-sending is much easier than switching from e.g. Venmo to Apple Pay, because at least half the people you know don't know anything about Apple Pay. > The Venmos of the world have all the incentive to improve their UI, because they don't have anything else drawing customers to them and causing them to stay. The network effect. If you're in the US, you use Venmo because everyone else uses Venmo. > PS - Twitter is more important than ever in terms of driving the news [...] Yes, my analogy works with that. Twitter is Venmo. Everyone is on Twitter/Venmo because that's where the network effects are.