126 karma · joined October 1, 2013
I know that a lot of people on this site think that if you add the words 'on the internet' you should be exempt from all regulation and taxation, but that's just not how the world works.
I hope that the people who've been profiting from the lack of enforcement are forced to play on a level playing field.
Disclaimer: my experience with NYC AirBNBs have been incredibly negative, including people listing with fake names, revealing that they'd given fake addresses at the last minute (when it was already too late to change plans), showing deceptive photos, and giving false descriptions.
To be extreme, think of the difference between this investment as all common stock, versus this investment as participating preferred with 3x liquidation preferences.
I've seen companies trade liquidation preferences for higher valuations before, because they wanted to pretend a down round wasn't, or because they wanted to feign a greater level of success than had been earned. It wouldn't be unprecedented, particularly from a marketing-savvy company like Mongo that knows a 3 comma valuation would help close deals.
It's shorter, and it has details on a second murder-for-hire plot.
But hey, no need for honesty to enter the debate. Not when it undermines betterunix's precious libertarian religion.
The libertarian religion is so strong that the Libertarians on this site are, predictably, not just defending SR. They're lying about what was on it, defending the hiring of hitmen, and generally making clear that Libertarianism is solely about self-interest and has ZERO underlying ethical frameworks.
How Dropbox lost my trust:
1) they flat-out lied in their promotional materials. They falsely claimed that data was kept encrypted and that they couldn't access it. They stopped claiming this only after a third-party revealed that it was a lie.
2) The CTO's reactions to major security flaws made crystal clear that he does not view loss exposures as a problem unless you suffer a loss.
3) The CTO's reactions to major security flaws made crystal clear that Dropbox prefers sweeping problems under the rug to transparency.
This has created a situation where a reasonable person can't ever really trust Dropbox.
http://www.wired.com/threatlevel/2011/05/dropbox-ftc/ -- nice summary of Dropbox's flagrant lies about encrypted data.