4 ms·

So if you can’t put up $1000, but your counterpart can, you’re screwed?

• gwd 5y ago
  Technically yes; but: 1. It's still better than the current situation, where you're screwed regardless 2. Not even a large corporation is going to be willing to lose $1000 over and over again. The only time it's rational to put up the $1000 is if you're pretty sure you're going to win, or if you're pretty sure the other guy can't pay. I think the chances of any random person being unable to come up with $1000 are reasonably low. So most re-claims should generally be actually valid. 3. Theoretically one could imagine services like bond lenders starting up, which will look at your case and front you the $1000; and if you win you pay them a cut of the refund ($50? $100?). If my predection at the end of #2 turned out to be false, there should be a reasonable market for this sort of thing.
  • krisoft 5y ago
    > I think the chances of any random person being unable to come up with $1000 are reasonably low. I want to live in the world you live in! In the one I live in 1k is a lot of money to a lot of people to gamble on an uncertain process.
    • tarboreus 5y ago
      We're not talking about mom and pop, here, really. This is presumably a population that is making money on YouTube. Yes, $1000 is a lot to the average person, but as a business expense it's really not much. And getting your channel banned is career (or business) ending.
      • mulmen 5y ago
        We are talking about mom and pop though because the complaints are indiscriminate and automated.
        • KptMarchewa 5y ago
          Mom and pop have not much to lose on public YouTube content, content creators have.
          • deleted 5y ago
            [deleted]