The NIL Cobra Problem

The dust is starting to settle, but we'll have to follow the appeals courts.

One of my favorite mental models is called the Cobra problem. It originated in India at a time where there were a lot of cobras and the government decided that it needed to do something about the problem. What it decided upon was paying citizens for every Cobra head brought to the government as proof of a dead snake.

Once folks caught wind that they cou…