Status Signaling
understanding the subtle and interesting ways in which humans signal their status and reputation
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Status Signaling
I find NFTs that evolve as you progress towards a goal more interesting because they tap on one's hard work & skill, vs one's wealth / being early at a drop.
Similar to how in WoW expensive transmogs gave you clout, but the real clout was in hard achievements
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Openness is a major driver of Evaporative Cooling. If anyone can join your community, then the people most likely to join are those who are below the average quality of your community because they have the most to gain.