The real irony here is that a lot of ycombinator founders and the people reading HN were exactly the ones making this possible and now start to wonder why the snake eats its own tail.
Or they wanted this, because this could be part of the privatization of many government functions. They, or at least some of them, could see this as controlling this function for money. It's a regular stream too, the valuable subscription model and customers who really need the service (and if they don't, just add a new law in the name of IT security forcing firms to sign up).
exactly; I hope ycombinator and its proponents can enjoy living in the ancap fantasy land where you have to pay to be alerted for a climate change fueled mega hurricane (also caused by this exact same reckless, unregulated greed) because NOAA was disbanded. Billionaires shouldn't exist, but neither should millionaires.
The insurance industry long ago figured out that nothing has the profit to effort ratio of "pay us or die", and so any capitalist endeavor that is not somehow restrained will attempt to approach this perfection.