Re:The optimal amount of fraud is non-zero
by the_watcher on Saturday September 03, 2022 @10:28PM
(#32709162)
Does he mention this somewhere? Last time I spoke to him, he was working on Stripe Press, his interest in fraud and spam prevention long predates his work at Stripe.
Re:The optimal amount of fraud is non-zero
by galaxyLogic on Saturday September 03, 2022 @06:14PM
(#32706656)
Exactly. Everybody seems to be throwing around the word "optimal" but not asking "optimal to whom?".
The article was kind of long-winded so I didn't read it all. But has a catchy title. So is the title about
a) Optimal amount of fraud to the society at large?
b) Optimal amount of fraud to the businesses which suffer a loss because of it?
c) Optimal amount of fraud to the customers of such businesses?
d) Optimal amount of fraud to the chief of fraud-prevention department?
e) Optimal amount of fraud to the fraudsters?
But patio’s argument is that since he works for the fraud department at Stripe payments, he wants fraud to exist so he can keep his cushy job.
Ask the police about the optimal amount of speeding tickets.