If all clients interfacing with the bank's API are required to prove they're locked down devices running proven official clients it reduces the potential attack surface. Lowering the attack surface increases the security.
If the market really cared about being able to run whatever software you wanted, nobody would be buying iPhones. Fire TV sticks and Rokus wouldn't move any products. Playstations, Xboxes, and Nintendo Switches would be crushed under the massive marketshare of Mister devices and Steam PCs. One quick look at reality shows this isn't the case.
I think you're massively overestimating the market size of people who actually care.
Note that I'm not making any moral argument here, I'm not saying whether these things are good or bad. Personally as someone who likes to tinker and has been bitten several times by DRM and the likes, I'm not too much of a fan. As someone who has to try and ensure compliance on devices, its a godsend. But at the same time I know lots of people who buy Xboxes and Playstations because there's less cheating that happen on that platform. I know lots of people who buy iPhones and iPads because they know the odds of accidentally getting malware on it is very low compared to alternatives. To them, locked down hardware is a selling point.
I don't like having to lock my bike, its a huge pain. But at the same time there's tons of people here arguing locks shouldn't exist. Trusted computing, in the right context, is a good thing. Being able to lock your door is good! Being able to assure your device is what you say it is is good! I definitely agree there are potential dystopian futures with this technology, but that's true of any truly revolutionary technology. Wheels move carts of grain and help tanks roll. Being able to break dinitrogen into more usable sources gives us cheap fertilizer and explosives.
> I think you're massively overestimating the market size of people who actually care. Note that I'm not making any moral argument here, I'm not saying whether these things are good or bad.
I think we're just discussing different things here then. I'm specifically talking about whether this is good or bad for the future of society. Most people buy whatever is most convenient at the time, which is fair and everyone has done this at some point, but it may or may not the best for society.
> I know lots of people who buy iPhones and iPads because they know the odds of accidentally getting malware on it is very low compared to alternatives. To them, locked down hardware is a selling point.
It may be a bubble, but of all the iPhone users I know, I don't think any of them has bought it for that reason. Most here buy them for either being simpler to use, lasting longer, or status. Of all the Android users I know, I don't know any that has knowingly got any kind of malware, and that includes people with very old phones.
If the market really cared about being able to run whatever software you wanted, nobody would be buying iPhones. Fire TV sticks and Rokus wouldn't move any products. Playstations, Xboxes, and Nintendo Switches would be crushed under the massive marketshare of Mister devices and Steam PCs. One quick look at reality shows this isn't the case.
I think you're massively overestimating the market size of people who actually care.
Note that I'm not making any moral argument here, I'm not saying whether these things are good or bad. Personally as someone who likes to tinker and has been bitten several times by DRM and the likes, I'm not too much of a fan. As someone who has to try and ensure compliance on devices, its a godsend. But at the same time I know lots of people who buy Xboxes and Playstations because there's less cheating that happen on that platform. I know lots of people who buy iPhones and iPads because they know the odds of accidentally getting malware on it is very low compared to alternatives. To them, locked down hardware is a selling point.
I don't like having to lock my bike, its a huge pain. But at the same time there's tons of people here arguing locks shouldn't exist. Trusted computing, in the right context, is a good thing. Being able to lock your door is good! Being able to assure your device is what you say it is is good! I definitely agree there are potential dystopian futures with this technology, but that's true of any truly revolutionary technology. Wheels move carts of grain and help tanks roll. Being able to break dinitrogen into more usable sources gives us cheap fertilizer and explosives.