this piece is kinda focused on NFTs, but i think it poses an interesting question

https://niftys.substack.com/p/is-it-ingroup-or-is-it-dynasty

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Nice. I also like the somewhat related concepts of Veblen goods and shibboleths. Both hard to acquire signals that you are part of a group (the former through cost and latter through language, originally literally unable to pronounce a word).

nifty milady alt confirmed