#switchingcosts — Public Fediverse posts

Competitive disadvantage
The best time to switch was yesterday. The second best time is today.
Make the switch: https://massaxis.com
#SwitchingCosts #SunkCostFallacy #MoveForward #BusinessDecisions #CutYourLosses #BetterChoices #ProgressNotPerfection #CourageToChange #SmartMoves #NoRegrets

Pluralistic: Tiktokification shall set us free (17 Apr 2026)

https://web.brid.gy/r/https://pluralistic.net/2026/04/17/for-youze/

Pluralistic: Tiktokification shall set us free (17 Apr 2026)

https://web.brid.gy/r/https://pluralistic.net/2026/04/17/for-youze/

Pluralistic: Tiktokification shall set us free (17 Apr 2026)

https://web.brid.gy/r/https://pluralistic.net/2026/04/17/for-youze/

Pluralistic: Tiktokification shall set us free (17 Apr 2026)

https://fed.brid.gy/r/https://pluralistic.net/2026/04/17/for-youze/

Pluralistic: Tiktokification shall set us free (17 Apr 2026)

https://web.brid.gy/r/https://pluralistic.net/2026/04/17/for-youze/

#corydoctorow on😊 #MastoSunday #MustShare
Bluesky & enshittification
"to resist #enshittification, you've to impose #switchingcosts on yourself. Tt's where #federation comes in. On #Mastodon u can easily leave one #server & go to another, & everyone u follow & everyone who follows u will move over to e new server.. I don't know why #Bluesky hasn't added e federation systems tt wld enable #freedom of exit.. So long as Bluesky can be a trap, I won't let myself be tempted"
https://pluralistic.net/2024/11/02/ulysses-pact/#tie-yourself-to-a-federated-mast

"The CFPB economists used a very conservative methodology, so the number is likely higher, but let's stick with that figure for now. The switching costs of changing banks – determining which bank has the best deal for you, then transfering over your account histories, cards, payees, and automated bill payments – are costing everyday Americans more than half a billion dollars, every year.

Now, the CFPB wasn't gathering this data just to make you mad. They wanted to do something about all this money – to find a way to lower switching costs, and, in so doing, transfer all that money from bank shareholders and executives to the American public.

And that's just what they did. A newly finalized Personal Financial Data Rights rule will allow you to authorize third parties – other banks, comparison shopping sites, brokers, anyone who offers you a better deal, or help you find one – to request your account data from your bank. Your bank will be required to provide that data.

I loved this rule when they first proposed it:"

https://pluralistic.net/2024/11/01/bankshot/#personal-financial-data-rights

#SwitchingCosts #USA #Banking #Banks #FinancialData #Interoperability #OpenData

@pganssle

This doesn't explain why that #ProprietaryPlatform (#Discord, #Slack, MS Teams, etc.) were initially chosen for that specific group of people. The person who made that decision did it for other reasons.

But it does explain what you asked: Why is this so popular, i.e. why are *so many* people continuing to use it?

#NetworkEffect and #SwitchingCosts. Nothing much to do with the properties of that particular platform.

#ProtocolsNotPlatforms avoids those problems.

@pganssle
> How is this platform [#Discord] so popular?

I lean on the old reliable explanations:

Network effect, brings people in.

Switching costs, prevent them from leaving.

https://pluralistic.net/2024/03/21/involuntary-die-hards/

#NetworkEffect #SwitchingCosts #ProtocolsNotPlatforms