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"For life" aka until the company lasts. The problem with these "for life" promises that it is hard to believe that they are going to be around longer than a yea
by StreamBright 11y ago
"For life" aka until the company lasts. The problem with these "for life" promises that it is hard to believe that they are going to be around longer than a year or so. If there was a big company behind such a project I would be more inclined to take it seriously.
- brudgers 11y agoIn theory, a for-life service could operate similarly to financial instruments such as annuities and life insurance. Insurance and reinsurance could cover "catastrophic" events such as the company failing. Essentially, actuarial science could underpin such a venture. Not that I think that's happening here or that the price would be anywhere near as attractive...but then again, a bet on cheaper computing and network bandwidth in the future seems like a sound one.