You're Not A Genius For Pirating Software
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Have you ever pirated a piece of software and thought to yourself, wow that was actually super easy to do. There's no question that piracy is immoral and a crime; however, it would also be naive to think that companies aren't aware of pirates trying to get their software for free. It's actually quite easy for companies to shut down piracy pretty effectively through the use of servers, tamper-proofing, and encryption. Many companies use all of these tactics and that's why it's basically impossible to pirate software like the Bloomberg Terminal or Blackrock's Aladdin. When it comes to consumer software though, companies like Microsoft and Adobe turn a blind eye to piracy. As Bill Gates said, if someone is going to steal software, companies prefer that it's their software. This way, companies can grow their market share suppress competition. At the same time, many of these pirates may eventually become paying customers. This video explains how companies handle piracy and why many companies make it quite easy to pirate their software.
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Timestamps:
0:00 - Truth About Piracy
0:46 - Making Software Unpiratable
3:12 - Low-Cost Investment
7:04 - Market Share
8:45 - Alternate Modes Of Monetization
9:18 - Truth About Piracy
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Disclaimer:
This video is not a solicitation or personal financial advice. All investing involves risk. Please do your own research.
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