Wow dude thats freaking insane. How did you get all that money to begin with?
In any case, about the app, I think this is the type of stuff that ends up getting regulated by governments. There is a risk that they don't like people "playing policemen" so to speak, this is why the software should be decentralized and anonymous.
Just like Uber has all those regulation problems because they are competence against taxi, we may see some problems with this. Overall sounds good tho.
I inherited money at young age. I focused on investing it well, did some good moves, some bad moves. My returns averaged 5% per year, but that is the same as the inflation rate, so my purchasing power did not go up since I started investing my inheritance 10 years ago, but I was able to live from it while not seeing my purchasing power go down, which is already a great achievement for an investor
Very good point about the app. I thought there was a high chance that bitcoin would be outlawed when I started investing in it at the end of 2012 around $10. But instead they allowed it to happen. Ofcourse bitcoin was decentralized from the start, which is likely the reason why no government agency started clamping down on it, as they did before with anyone setting up a competing currency.
I think an app like Cell 411 however has much lower chance to be clamped down on. To my knowledge, sometimes such apps or devices becomes 'illegal' to use, like cop alerting devices for in cars, but they never shut down the company producing it, right?
Uber I think is a good example that very disruptive technologies that are even 'verboten' in certain states, don't need to be build as a decentralized app for them to become successful.
