Thursday, February 23, 2012

Hire or DIY

If people could do all things themselves, they would. But they don’t. Some people are good at some things, bad at others. And for the things they are bad at, they ask other people to help out - mostly people who are good at the things they themselves are bad at.

People hire others because they can accomplish the things they themselves cannot (or do not want to). if they have a choice between people who are good but expensive, and people who are similarly good but cheap, they go for the cheap option.

In general though, if people have the choice to hire out of different options, they will choose the option they are most comfortable with - which is a combination of trust, price, skill and bias. People never hire simply because someone else is cheap - all other things being equal, they rather do things themselves than hire someone cheap.

Thursday, February 09, 2012

Money and IP: separated at birth?

So the Feds can take a site like Mega Upload offline, take its contents into custody, just because some copyright holders (granted legitimately) say stolen property is in there. Of course not ALL content was stolen property, just some of it. And after the Feds are done with their investigations they don't give that stuff back to their rightful owners - it's just delete and forget.

Now imagine this, replace intellectual property with money, and Mega Upload with a bank. Suppose some criminal activity was going on, and stolen money entered the bank, would the government seize control over the bank, and take it all, including the savings account of innocent account holders? We are probably not too far off from that reality.