Trivium on Nostr: "Planned Obsolescence" a fiat currency's best friend...ENTIRE THREAD BELOW. ...

"Planned Obsolescence" a fiat currency's best friend...ENTIRE THREAD BELOW.

quoting note17h3…kd02

Daily Trivium: Grammar: "Planned Obsolescence "- a fiat currency's best friend..

#bitcoin fixes this btw...

Definition (from Wikipedia): planned obsolescence (also called built-in obsolescence or premature obsolescence) is the concept of policies planning or designing a product with an artificially limited useful life or a purposely frail design, so that it becomes obsolete after a certain predetermined period of time upon which it decrementally functions or suddenly ceases to function, or might be perceived as unfashionable.

Ever wonder how companies determine their warranty period and how they try to rope you into buying it...information asymmetry? Lets try and close the gap. 👇