A note from Daniel

SEC, FDA, FAA, hotel inspectors, … It's quite possible we can achieve many of the objectives of these regulatory agencies with new technology in a better way. Today, if you're a bad actor, you're banned from Uber or Airbnb within a few hours. These companies are accomplishing the goals of a regulated marketplace by banning bad actors and giving low ratings to poor quality actors, without coercion. We don't have to send the police to raid and shut down a bad hotel or throw somebody in jail for an expired taxi license. We achieve the same objectives in a better way.

Daniel The Anthology Of Balaji, page 42 · February 11, 2024 Save to shelf
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