Vitalik Buterin pfp
Vitalik Buterin
@vitalik.eth
Things that are enjoyable are often also likely to be status symbols: https://stefanfschubert.com/blog/2022/4/6/status-as-a-multiplier-on-intrinsic-enjoyment In my experience far from always true: the status seems to persist much longer than the enjoyment - but still, it's an interesting argument for...
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tldr (tim reilly) pfp
tldr (tim reilly)
@tldr
Status by definition takes some value from its exclusivity. So, a risk of status being associated with intrinsic value goods is incentive to artificially priced them out of reach of many, creating sheer deadweight loss for society. In this sense, I’m happy letting status be more associated with the vain or useless.
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