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A comment on The Diamond World Takes Radical Steps to Stop a Pricing Plunge. Parent comment

Re:The Diamond World Takes Radical Steps to Stop a Pricing P... by gumby on Sunday November 12, 2023 @11:07PM (#38246773)
Thats exactly my point: the whole infrastructure of breach of promise, (somewhat) rarity of diamonds etc has been obsolete for decades, almost a century in the US. Any point of an expensive engagement ring has not had practical value in living memory. Just a residual, empty practice.
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Re:The Diamond World Takes Radical Steps to Stop a Pricing P... by rockemsockem on Monday November 13, 2023 @03:31AM (#38248171)
Every aspect of a wedding outside of the government paperwork is without practical value. It's almost like the practical value isn't the only thing that matters.
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Re:The Diamond World Takes Radical Steps to Stop a Pricing P... by gumby on Monday November 13, 2023 @06:39AM (#38249147)
Another way of thinking about it is that a wedding itself is a public commitment you’re making in front of witnesses (so in theory harder to back out of — not a bad idea as it provides some hysteresis to overcome transient conflicts).

Meanwhile the government is simply providing some infrastructure as a service to people who want to make such commitments.

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Re:The Diamond World Takes Radical Steps to Stop a Pricing P... by pyuser583 on Monday November 13, 2023 @01:36PM (#38253497)
The practical value is from the expectation of permanence. This allows you to plan for scale.
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