3 ms·
That incentive misalignment has been present for as long as people could purchase goods that have both utility today and resale or income-producing value tomorr
by nostrademons 5y ago
That incentive misalignment has been present for as long as people could purchase goods that have both utility today and resale or income-producing value tomorrow. It's why NIMBY policies and zoning exist ("Your home isn't just a place to live, it's an investment"), and it's why people drop hundreds of thousands on college and still often end up unemployable ("It's four years that are totally unique, and necessary for a good job" - except that you get that good job if you study an employable major, and actually study it, and you probably won't be partying a whole lot if you do that).
- saurik 5y agoSure... but you are talking about a pretty narrow slice of purchases (by quantity if not price) in the grand scheme of things. What makes this so universal and so visceral with blockchain products is that you end up in a state where even your most trivial purchases are now tokenized with some pre-sale and some kind of "play/stake/use-to-earn" monetization model attached to an underlying "asset" that people "trade" on a "market".