In this framing, software is the perfect asset, one that never depreciates. But the reality is that software is a liability, not an asset:
https://pluralistic.net/2026/01/06/1000x-liability/#graceful-failure-modes
Software exists in a *system*, and while software might function perfectly under the conditions in which it is first created and deployed, there are continuous changes to all the technology that is upstream, downstream and adjacent to the software.
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