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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MC10 | Bankless Consulting 🎯
@mc10
Expensive sunglasses break more easily than cheap ones. Tell me I'm wrong 😎
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Vitalik Buterin
@vitalik.eth
On a similar note, I haven't been keeping track formally but I have noticed a roughly zero correlation between how expensive shoes are and how long they last.
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MC10 | Bankless Consulting 🎯
@mc10
Less sure about this one, based on my expense. I have a pair of very nice (and expensive) Allen Edmonds. They require regular maintenance (ie, polishing the leather and resoling them) but they've been going strong for 15 years!
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nNON
@nnon
Margins are usually >7x markup with these types of items. That markup is mostly benefitting your social stats vs function. Replicas (S tier and up) can give you the function without paying ridiculous prices.
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grant 🌈 🎩 🐸
@grunt.eth
Above a threshold yes
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