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It's a free market, and the vendor has all the incentives to maximize the money-in minus the money-out. If reducing the money-out means selling cheap junk that anyone could crack with a $7 microcontroller, so be it.

The invisible hand, fumbling as usual.




Yes, let's get the government involved. They obviously have the best incentives for enforcing strong crypto here.

The strong fist of the government never fumbles.


Admitting that market failures exist doesn't imply that government regulation will necessarily improve things.




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