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> "is the result of a tricky conflict of business environments rather than deception." Can't it be both? Intentional misrepresentation in the pursuit of a wort
by potatolicious 13y ago
> "is the result of a tricky conflict of business environments rather than deception."
Can't it be both? Intentional misrepresentation in the pursuit of a worthwhile goal is still intentional misrepresentation. I look forward to seeing Zidisha's response, but as it is this looks highly intentional and highly deceptive.
This ultimately comes down to the classic "do the ends justify the means" debate. It also leads to immediate suspicions of a slippery slope - if the founders of this startup are willfully misrepresenting the core nature of their business in furtherance of their goals, what else about them is negotiable?
- unclebucknasty 13y agoThis. People seem to assume that the target audience is too unsophisticated to understand anything beyond flat rates. Zidisha itself implies as much through their claim that flat rates are simpler to understand. In fact, flat rates are more confusing because they are misleading. So, not only is Zidisha joining in on this customary practice, they are promoting it. Instead, they should educate their clients, re-express competitive rates in terms of APR, etc. So, the net is that it does appear to be intentionally misleading, which is made no better by the fact that such misleading may be common practice in some parts of the world.