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I don't understand the need for creating their own currency (the "buttons" system). I hope it's something very smart, because these "exchange used goods" enterp
by zeteo 15y ago
I don't understand the need for creating their own currency (the "buttons" system). I hope it's something very smart, because these "exchange used goods" enterprises often fall prey to the venerable Gresham's law:
http://en.wikipedia.org/wiki/Greshams_law#Application http://en.wikipedia.org/wiki/Greshams_law#Application
I.e. in this case the danger would be that users have an incentive to glut the system with low quality items (defects, uncomfortable etc.).
- chewxy 15y agoaccording to my partner who used the aussie version of 99dresses, this is indeed the case towards the end
- astrofinch 15y agoIt seems like if women really do have closets full of perfectly good clothing they don't like, there is value to be captured. There's always stuff you can do like implementing user reputation systems, etc.