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As someone that is programming a finance tech app, every regulation is bad for the future. I am not afraid of regulation but its an annoying burden to keep big
by mkirklions 9y ago
As someone that is programming a finance tech app, every regulation is bad for the future.
I am not afraid of regulation but its an annoying burden to keep big players big, and small players non-existent.
Most people do not have the money or motivation I have, and those people lose out because of regulations.
Never let a good tragedy go to waste.
- s73v3r_ 9y agoI mean, if people are deterred by regulation from making apps that don't respect people's data and privacy, I'd consider that a win. For far, far too long, the ethos has been to not worry or care about your users; to not protect their privacy, and to just vacuum up all their data so you can sell it. I'll be more than happy to see those days go away.
- moate 9y agoIf you don't regulate you allow bad players to keep doing bad things. If you do regulate you force bad players to work harder to keep doing bad things. I understand that regulation has negative side effects and unintended consequences. But truly free markets lead to child labor and depressed worker wages. It's impossible to craft perfect regulations, but it's implausible to assume "everything will just sort itself out if we let the free market be completely free" since that has literally never happened on a broad scale.