Ok, so I went to the site expecting to get some "buttons" as part of onboarding new users, but instead I started out with 0 buttons and no idea how to get these buttons to actually get a dress. After digging around the FAQ section, it says that I can purchase the buttons for $1 or upload my own dress. I don't have a dress to upload, and buying a used dress for $40 - $110 just doesn't make sense - I can buy a brand new dress for that much. Also, even if I were to upload a dress, I wouldn't get any "buttons" until I actually sell the dress. Not coming back to this site again.
I agree! Those prices are nuts. The really weird thing about them is the range -- I see everything from 4 buttons to 160! That makes me really wonder how they're set.
Even with the variation, the bulk of them appear to be $40 or more, which seems like a lot to me. If one is shopping used, pretty dresses can be had for under $10 at a thrift store. It makes no sense to pay so much for a dress I can't even try on first!
That's the problem with virtual currency like this, you have to create controls to address inflation and deflation, and certain groups of people always benefit from this.
I remember another site based around trading books that used a virtual currency, and a lot of the early adopters got free credits to help seed the system, while the late adopters could only get credits by sending books. It created an imbalance from the beginning.
Another issue is dealing with hoarders and retailers, which can damage the button system by putting too much virtual currency into the hands of only a few.
