Let’s recap: as content creation and distribution tends to infinity, community emerges as true internet-native media. Community is an exercise in cultural production, and communities filter content proliferate a specific point of view. The role of the community, then, is to create and curate cultural artifacts in-line with their collective point of... See more

Veblen goods defy the traditional economic logic where a price of a good or service is inversely correlated with its demand. Instead, they are socially positional: high-end fashion, watches, cars, wine, organic food, travel experiences, and practices of self-actualization visibly and publicly convey the appearance of success, wealth, status, identi

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I think it’s the same with social networks like Facebook and Instagram, everything. At the level of scale that they’re at now, the status game and the sense of progression is going to be way different than it was when they were just starting out.

Paradoxically, an object whose image is very widely spread is a rare object, in the sense that few objects have their images spread widely. This can be exploited to create value in art objects that are not in the traditional sense rare and singular. The future of collecting may be less in owning the thing that nobody else has, and more in owning th... See more