There is no better example of a risk-versus-reward scenario than jailbreaking your iPhone or rooting your Android phone. While both jailbreaking and rooting undoubtedly has its advantages, this possibility of something going wrong and you ending up with a 500-dollar doorstop is never too far out of mind.
Just last week, I jailbroke my iPhone 4 and succeeded with no visible damage. But as I was riding high on overconfidence, I went ahead and tried to downgrade iOS 6 to iOS 5.1 (without a backup of the old iOS on my computer) and ended up having to restore my phone to its factory settings. For... more