We're already there, basically, and the fact that our regulatory
system is based on a world that we don't live in anymore is a problem.
And so that's really the concern with all the regulation or
not thoughtful regulation that I'm worried about.
Then again, that's where I think standards make more sense than bright line rules.
No absolutely, I agree and I wouldn't want let's say that Google puts out for
sale eyeglasses that correct vision and provide other functions.
Is that a good or a service?
It seems pretty clearly to be a good, but what if on the back end,
they could provide all sorts of analytics and send you email updates about
how you're behaving and maybe make suggestive changes, right.
Now it starts to sound like a counselor and that's more like a medical service.
And I wouldn't want, if that ends up being a useful service,
I wouldn't want them not to provide it out of some fear that the regulatory system
is going to apply to them in a way that would be overburdensome.
So again, I'm not pro regulation or anti regulation in this space.
It's just a question of crafting sensible regulations that strike
the right balance between risk and
reward in an area where there's a huge amount of reward potentially, right?
There's amazing lifesaving applications for these devices, but
there are also a number of risks.
And so we have to strike the right balance in terms of entrepreneurship, in terms of