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by mechanical_fish
6287 days ago
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At the risk of being a shameless karma whore, let me note that Levchin's interview in Founders At Work is great and includes a lot of discussion of this issue. Here's a quote that leaps out at me today: LEVCHIN: It's one of those things where, in the end, fraud is so nondeterministic that you need a human or a quantum computer to look at it and sort of make a final decision, because, in the end, it's people's money. You don't really want some computer saying "$2.00 for you, nothing for you." You need a human with a brain to say, "Hmm. This looks like fraud, but I really don't think it is." |
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