Vitalik Buterin
@vitalik.eth
What are some ways in which expensive products can be worse than cheaper ones? Examples that come to my mind: * Expensive clothes can be much less convenient to clean * In expensive hotel rooms it's often harder to figure out how to turn off all the lights * Expensive restaurants often have less choice in menus
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✳️ dcposch on daimo
@dcposch.eth
a lot of veblen goods are fragile. it's part of the flex, like having the latest iphone with no case
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Chetan
@marduk
+ 1, expensive signaling is about exclusivity, not convenience.
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