That term has a very specific meaning and I wish people stopped using it to mean "big tech doing something bad"

Well, doesn't that specific meaning apply here? I mean, the lack of protection for end-users is at first compensated by investment money (low prices and huge effort on support). Once network effect is reached, the unregulated nature of the platform shows, end-users are wronged, only providers profit from the lack of regulation ...

Or maybe I don't understand the meaning of enshittification?

	▲	stevage 6 days ago \| parent \| next [-]
		It means something very different from your definition.
	▲	tsimionescu 5 days ago \| parent \| prev \| next [-]
		No. The whole point of enshittification is that it is an intentional process, a bait-and-switch. You get a cool free service, you become dependent on it, and then they start monetizing it and limiting it.
	▲	verdverm 6 days ago \| parent \| prev \| next [-]
		My understanding is it is more tied to crafting UX that maximizes profit. Many cases involve both enshittification and regulatory arbitrage (as a peer comment so eloquently put it)
	▲	elteto 6 days ago \| parent \| prev [-]
		https://en.m.wikipedia.org/wiki/Enshittification

▲

taberiand 6 days ago | parent | prev [-]

Yes I know, which is why I looked up the Wikipedia definition to make sure I was using it correctly.

Stripe provides a trusted service to its users, has a great reputation, then implements changes that will degrade that service by avoiding regulations designed to protect the consumer.

Adding blockchain is enshittification.