> This story is so common that I wish there was an established economic term for it.
I thought we'd collectively decided on "enshittification"? Or is that different?
I thought we'd collectively decided on "enshittification"? Or is that different?
So the MVP that meets what ever feature requirement a customer wants - at the lowest price - wins, regardless of how stable or secure the service is.
What I'm talking about is buying concrete objects at discrete moments in time.
Similar, but not the same.
People don't still use Facebook because of any lingering nostalgia from its halcyon glory days. They use it because that's where their friends are and they can't get away. That's what enshittification is about.
There's no lock-in making boomers buy Harleys. It's just brand nostalgia despite the fact that the bikes suck now.