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Wasn't there an app on iOS way back at the start that was just an image of a ruby/gem of some kind that cost $999? Some people actually bought it before Apple t
by chartpath 6y ago
Wasn't there an app on iOS way back at the start that was just an image of a ruby/gem of some kind that cost $999? Some people actually bought it before Apple took it off the App Store.
- Someone 6y ago$999.99 (https://en.wikipedia.org/wiki/I_Am_Rich https://en.wikipedia.org/wiki/I_Am_Rich)
- dylan604 6y agoI always thought the natural follow up/copy cat app name should have been "More dollars than sense"
- lukifer 6y agoThis story is also a good parable of why Veblen goods [0] distort GDP as a measure of value creation. If Apple had decided to lean in to that market, raising the maximum app price to $1M, and those same 8 purchasers who bought the original I Am Rich purchased I Am Rich 2.0: would anyone really believe that that $8M of real-world value was created? [0] https://en.wikipedia.org/wiki/Veblen_good https://en.wikipedia.org/wiki/Veblen_good