Vitalik Buterin
@vitalik.eth
This is amazing. Ideally restaurants would just price using AMM curves. https://twitter.com/MorePerfectUS/status/1762251031910728069
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BORED 🥱
@bored
Problem is they are only exploring the surge and not the reduction of prices in slow times. I want half-priced square hamburger meat.
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Vitalik Buterin
@vitalik.eth
In equilibrium it will have that same effect. From a PR perspective, of course they should have announced it as an off-peak discount and then when they need to raise prices blame it on inflation (Notice how no one gets upset at stores for doing "clearance sales" seemingly at least 50% of the time)
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Vitalik Buterin
@vitalik.eth
In the uber case, I was told that uber did not do it that way because the demographic they felt the most need to market to was the *drivers*, to whom surge prices are of course an exciting opportunity rather than an unexpected cost.
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BORED 🥱
@bored
It makes so much sense for Uber, especially because there often aren't many alternatives if you're stuck somewhere physically + Uber can preview price hike on your phone. Fast Food has countless competitors in theory, and you won't know price until you walk in? Pretty bad customer experience.
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Vitalik Buterin
@vitalik.eth
Yeah this is fair; you want to know whether or not you'll be offered a deal you're okay with before you decide whether or not to head out the door. If I were them I'd probably just do happy hour discounts.
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