4 ms·
In theory, when there's viable competition, a competitor will take advantage of their competitor's overly-cautious interpretation.* But if the regulation is in
by runlevel1 1y ago
In theory, when there's viable competition, a competitor will take advantage of their competitor's overly-cautious interpretation.*
But if the regulation is indeed oppressive or byzantine, everybody hurts and only the biggest survive.
*Social contagion effects on risk perception can be a confounding factor here, though.
- watwut 1y agoPractically, this is the reason for regulation and enforcement. Absent those, only companies that dont care about customer data safety survive. There will be scandal once in a while, but safety conscious companies will still all die.