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You really think those regulations won’t be heavily lobbied by Nintendo and DRM loving lawyers, and somehow end up even worse for consumers or more importantly small developers?

Maybe I’m cynical but I highly doubt it’s going to be “make your app stores completely replaceable without DRM/billing/taxation/etc schemes and allow unrestricted sideloading”.

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It can’t possibly get worse for consumers

I can think of plenty of ways where mega-companies and governments could make power-grabs and increase control/administration over app stores ("get your app approved by EU/US/Japanese agency to get a geo license to distribute your app"). As opposed to simply forcing tech companies to take a more hands-off approach.

I can think of 100x examples of the former in other industries and almost no modern examples of the latter happening (besides maybe right-to-repair, which hasn't meaningfully happened anywhere yet).

It can always get worse

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