Stonks Are What You Can Get Away With: NFTs and Financial Nihilism

Re:Stonks Are What You Can Get Away With: NFTs and Financial... by JadeNB on Sunday June 20, 2021 @09:22PM (#27575387)

Certainly there's likely to be no reason that knock-offs can't be the same quality as, or better than, the original for much less price—but making the knock-offs appear to be the same quality while actually being lower quality is even cheaper still. As a counterfeiter, why wouldn't you make the cheaper product if no-one can tell the difference?

I am thinking here particularly of counterfeit chargers, which are designed to mimic the originals to comical extremes—so that you essentially wouldn't know without tearing them apart—but which are missing crucial safeguards that mean that they are much more prone to catch fire. If, as ClumsyPilot suggests (https://news.ycombinator.com/item?id=27573695), you are thinking only of fashion items, then it's probably less of an issue.

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Re:Stonks Are What You Can Get Away With: NFTs and Financial... by sudosysgen on Sunday June 20, 2021 @10:31PM (#27575718)

You don't because there is a very very competitive market for counterfeits of these products. For some shoes there might be five or six counterfeiters competing so they may distinguish themselves with higher quality and uphold a reputation that way.

Then there is a whole community of people that evaluate which batches are of higher or lower quality. Personally I don't buy counterfeits at all, the hyped shoes nowadays are just reskins of old designs and aren't that comfortable or imo look that exceptional.

Certainly, don't buy counterfeits that plug into mains though, unless you really really really know what you're doing.

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