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>She also claims their assessment of people signing up to KitSplit is effective at blocking 99.99% of bad actors and stopping millions of dollars of theft on th
by rhino369 7y ago
>She also claims their assessment of people signing up to KitSplit is effective at blocking 99.99% of bad actors and stopping millions of dollars of theft on the platform, almost surely an exaggeration.
If this is true, they should easily be able to afford to self insure against theft by charging 10 cents per thousand dollars of gear rented.
Odd that they don't do that huh.
- usefulcat 7y agoThat would be true if .01% of all rentals resulted in fraud, but that's not what that sentence says. It could be the case that such "bad actors" represent a disproportionately large share of all rentals. Which makes sense--if you're planning on stealing the equipment, you'd probably expect to have your account banned so you'd probably try to steal as much as possible while the account is still considered legitimate. As in this case where the author alleges that the same person also stole someone else's gear on the same day.
- danShumway 7y ago> It could be the case that such "bad actors" represent a disproportionately large share of all rentals. If it's not representative of the actual risk KitSplit will face, then it's also not representative of the actual risk users will face. And if it's not representative of user risk, then it's deceptive for KitSplit to bring it up as a way to defuse the situation or suggest that consumers shouldn't be worried.
- StreamBright 7y agoNot blocking 0.01% means how many bad actors exactly?