Max Levchin Quotes
Mobile is the perfect example of what is enabling economic growth in the technology sector.
There is an opposite school of thought which argues that because technology develops so fast, by the time you legislate about it of you understand it, it is too late to prevent major problems and abuses which can become institutionalized. Instead it is argued, legislate rapidly BEFORE you understand all the consequences and then repeal and revise very frequently as the technology develops. This school argues that Schmidt’s view is tantamount to not legislating at all as it will ALWAYS be too late if you wait till you understand the consequences.
Maksymilian Rafailovych "Max" Levchin is a Ukrainian American software engineer and businessman. In 1998, he co-founded the company that eventually became PayPal. Levchin notably made contributions to PayPal's anti-fraud efforts and is also the co-creator of the Gausebeck-Levchin test, one of the first commercial implementations of a CAPTCHA challenge response human test.