Killing someone is legal in certain countries for different reasons (I'm not talking about war). Not sure I would like to get involved in that business, for instance if I don't agree on how and why people are sentenced to death in my country.
Some people are built with low ethics. Sure, if it's not made illegal, they'll always find someone to do it. Looks like in that case it might be illegal, as TV makers are sued.
> In August 2015, Vizio acquired Cognitive Media Networks, Inc, a provider of automatic content recognition (ACR). Cognitive Media Networks was subsequently renamed Inscape Data. Inscape functioned as an independent entity until the end of 2020, when it was combined with Vizio Ads and SmartCast; the three divisions combining to operate as a single unit.[1]
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Impact of having 1.7x more bugs is difficult to assess and is not solved that easily. Comparison would work if that was about optimisations: code that is 1.7x slower / memory hungry.
Fewer devs, more bucks, big win for the execs on the short term.
Was this more or less risky than buying $1000 in scratch offs, or lottery tickets, or spending $1000 in Vegas?
In my opinion, crypto when I bought it had a lot more "potential" than any of those more "traditional" forms of gambling which is why I was willing to give it a try with a sum of less than 1% of my yearly income...
I am not saying it was a smart choice, just that I don't think it was a particularly stupid choice.
BTC isn't really adding value to the society, except the shady parts of it. I can't assess the part of luck in BTC gambling. Many lost money, many betted on the wrong coin. Did you bet on it because of the impact on dark economy or because you believed in unlocking the economy, blockchain everything which didn't happen?
Being lucky on your bet doesn't make it a wise investment. I wouldn't call you dumb. I don't know how gamblers feel about their moves.
Vitalik touched upon this briefly in an other-wise long and wide-reaching essay. I think its a good treatment of the topic that the author is talking about. He categorizes the ecosystem broadly into 4 cohorts- [token holders] (which includes investors, speculators, etc.), [pragmatic users] (actual end-users who spend crypto to buy stuff), [intellectuals] (who give the vision and ideology), [builders] (of blockchains, apps, etc.) - These 4 groups come together but with different motivations and there is a gap in understanding between them. Indeed, there is even resistance against trying to reach an understanding - one which plays out in the comments section of every crypto-related post on hn. The author of this twitter-post clearly falls under [intellectual, builder] and has been disillusioned by the speculators from [token-holders]. Yet the [token-holders] are a vital component (as are the other groups) as they fund most of the development and adoption. Ultimately these 4 groups have more in common than not. The challenge going forward is to balance the occasionally conflicting needs of all the 4 groups, which includes checking the excesses of each group, while try to achieve a consensus. (Vitalik provides a nice diagram that maps out what that would look like). Crypto is an experiment in economics and economics is a science as well as a social-science. Anyone looking for a good solution must seek to understand and address the psychology of all the actors involved.
Someone from the operational team just learned that business relies only on the first group to be successful.