The Favrd Situation

schöne überlegungen von venomous porridge, getriggert durch das ende von favrd :

When something has a real scarcity, you value it more when you have less of it. But for a currency without scarcity, like Twitter stars, the function is inverted: the more you spend, the less it’s worth to others. In particular, the less yours is worth, since this currency comes with a name attached.

…

Simply put, I think what happened to Favrd was that a new crop of users appeared who didn’t know how to value the currency, and thus they inadvertently devalued it.

(ich kenne kein tool, das diesen umstand der devaluierung auf per user basis algorithmisch berücksichtigt)