Late night tweetstorm time. It seems that nearly everyone believes that regulation at a certain point hinders innovation, but I think almost everyone underestimates their net effect
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The risk there is company-ending, and causes an odd scenario: well established companies are unwilling to take such risks, which leaves only newer and more relatively shady companies doing those things
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I think we’re seeing this to some degree in ICOs. Legit companies aren’t going to act without precedent and existing case law from the SEC, so we’re left with new companies and sheisters hawking 99% bullshit, to the point that almost everyone says “ya just shut out down”
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Interestingly some of the most impressive startups I see nowadays are entering heavily regulated spaces. There’s such an enormous moat when you make it through that it’s worth a shot, but it takes a founder willing to spend 80% of effort dealing w regulators and 20% w tech
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It may be to some degree that all the easy stuff has been done, but in my YC group at least 50% of the companies we’re going up against serious regulatory risk; the kind that’s difficult to define, understand, prepare for, or hedge against
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I know this would never happen in a billion years, but if you wanted to truly unlock innovation you would have to have regulators more frequently *bless* some practices, not just condemn them. A stamp of approval, not “they haven’t killed x yet so let’s assume it’s safe”
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Exactly, which is why regulators should stop interfering with, for example, producers of chemical waste who create jobs and increase the GDP when unfettered by expensive regulations, https://www.nytimes.com/2018/03/15/well/live/black-cancer-matters.html …pic.twitter.com/781Q4lk1Cs
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Oh stop it with the ridiculous strawman. Nowhere ever did I or anyone sane say that all regulations are bad
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Dude you are stepping up to defend two of the absolute worst destroyers of the public commons - AirBNB and Uber. Absolutely remarkable that that’s all you’ve got.
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Clearly in rejecting a “strawman” (it’s not) you admit you’re willing to draw a line. But your line is far beyond acceptable. Your criteria (“it’s inconvenient”) suck. Join the rest of us in Humanity. Tech ain’t everything and you’re not gonna save the world with Code alone.
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Of COURSE I’m willing to draw a line, why would you assume I’m not? Perhaps the world isn’t so binary as you seem to believe it is
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But so far all we know is that Austen draws the line where it’s convenient for Austen, not where the world needs it to be drawn in order for the world and real people’s lives to not be wreck by the tech that Austen deems worthy of breaking the rules.
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That’s not what I’m suggesting in the slightest, if you would actually read what I wrote and stop strawmanning. I never said I or Silicon Valley or tech should be able to draw where the line is, I only said where the line is drawn matters much more than people think and that 1/2
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It’s actually better when the line is clearly drawn than when there’s no line at all
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