added by sari · updated 2y ago
Democratizing Access
If we can democratize access to a veblen good, status becomes about being a part of something, rather than how much money you have. We already see this in products like Fractional and PartyBid, which enable collective ownership of highly sought-after NFTs, as well as in products like RabbitHole, which allow users to earn crypto by using the latest
... See morefrom Social Token Paradox by Gaby Goldberg
Tom White added
- New technologies and business models have made investing accessible. Anyone with a smartphone, for instance, can use Robinhood. Robinhood also popularized zero-fee trading, which forced the hands of brokerages like E*Trade and Charles Schwab. Commission-free trading is now the norm.
from Everyone Is An Investor by Rex Woodbury
sari added
- The democratization of process and proliferation of tools enable hundreds of small, local design decisions to have an immediate and outsized impact. When something works in one place, it can be quickly copied, tailored, and applied in other contexts.
from Moral Design — Journey Group by Zack Bryant