> We're not even in the same realm of consideration for "regulation" of an API. That is ridiculous.
Why not ? Plenty of financial APIs are regulated (and beyond horrible). The government has decided that anyone with a banking license and a certain amount of money stored at the central bank can use them. And God help you if you try to use the international APIs, they are so incredibly incredibly horrible.
Without this plenty of financial services wouldn't exist, no way would smaller banks be able to operate. Despite how badly designed it all is, without a doubt it is a very good thing that these APIs exist and are regulated.
Maybe regulation of APIs is exactly what we need. Hell, maybe we can even learn from the mistakes in financial APIs first and then regulate these APIs.
Why not ? Plenty of financial APIs are regulated (and beyond horrible). The government has decided that anyone with a banking license and a certain amount of money stored at the central bank can use them. And God help you if you try to use the international APIs, they are so incredibly incredibly horrible.
Without this plenty of financial services wouldn't exist, no way would smaller banks be able to operate. Despite how badly designed it all is, without a doubt it is a very good thing that these APIs exist and are regulated.
Maybe regulation of APIs is exactly what we need. Hell, maybe we can even learn from the mistakes in financial APIs first and then regulate these APIs.