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> Honestly, I believe that the market is big enough to make it worth it anyway. Not for some of us just starting our companies. "Worst" case scenario is smalle
by kodablah 9y ago
> Honestly, I believe that the market is big enough to make it worth it anyway.
Not for some of us just starting our companies. "Worst" case scenario is smaller players that would otherwise play globally will now not play in the EU market.
I was told the other day, "don't worry about it if you don't have sensitive data." That misunderstands risk management. I have plenty of customer potential on this side of the pond, why even risk it until I am large and have saturated my pool? I plan on handling my data completely within the spirit of that law, I just don't want to risk it. Seems on risk alone, others will have to make the same decision as me. We're not losing out really (we can only grow so fast) but those in the EU that might want access to the global market, big or small, might be.
- kenoph 9y agoIf smaller players do not want to comply with EU regulations, it's fine with me (I hope I got your point, but I'm not sure). If you want to do business in a place, you have to follow the local regulations. I don't see the problem there. I get that regulations make it more difficult for companies to enter a market, but if that means more protection for the user privacy (in this specific case), I cannot see how that could be a problem. The fact that the EU might have more data protection than, say, the US, could also be an added value to a service. Case in point: protonmail. It's not EU-based, but they use Swiss privacy regulations as a selling point. Some people are willing to pay more for that.
- theptip 9y agoI think the point that the GP post is making (which I agree with) is not to complain about the burden of complying with local regs, but to point out that consumers in the EU are going to miss out if small companies don't offer their services there due to regulatory concerns. > I cannot see how that could be a problem. This is a cost/benefit calculation, but not an easy one. In general a given set of regulations will have both costs to the consumer such as reduced choice and increased prices (due to regulatory costs being passed through), and benefits such as better protection of personal information in this case. Now, the fact that users in the EU seem to currently be supportive of these regulations suggests that they are willing to pay that cost to get that benefit. And that's their decision! But consider the scenario where this trend carries on, and startups are increasingly not able to get a toehold due to incredibly high compliance costs. That could stifle the economic development in the EU, and lead to further concentration of power as only large companies can afford to pay the lawyer bills to meet the regulations.
- kodablah 9y ago> I think the point that the GP post is making [...] Yup, that was the point. > And that's their decision Some at least. It's modern European federalism. The same people that the lawmakers believe aren't able to make their own decisions about which services are good or bad for them are, yet, able to determine that these regulations will be beneficial.
- Dylan16807 9y ago> The same people that the lawmakers believe aren't able to make their own decisions about which services are good or bad for them are, yet, able to determine that these regulations will be beneficial. That's a valid argument in a perfectly transparent world with even negotiating power. But companies are opaque or change their handling of data (that one is the basis of this story!) and there's a race to the bottom where most options are severely lacking in privacy. And these regulations are a very minor impingement on free contract-making. You can still give up privacy, you just can't give it up irrevocably.
- kodablah 9y agoEven negotiating power would be a valid argument in a perfectly regulated world. But governments, often with good intentions, improperly or overly regulate many times only stifling us small guys and often not even knowing it (it's hard to quantify). > And these regulations are a very minor impingement on free contract-making Agreed, but it's a question of cost vs benefit. They may not be a minor impingement on smaller companies and consumer choice and may make minimal impact anyways. I think we can all see that, if the law is evenly applied, smaller companies stand to lose most. Granted, the EU tends to subjectively choose when to bring the hammer down and it's mostly on larger companies. But it's still not worth the risk.
- Dylan16807 9y agoI don't understand what noticeable burden there is here, especially compared to the actual risk of all this data.
- wav-part 9y agoGoogle handles 500 000 deletion requests per year [1][2]. But can DuckDuckGo ? This kills every google competitior startup right on spot. Anyone who thinks RTBF wont create internet graveyard is delusional. GDPR needs to explicitly exempt legally-obtained/user-submitted public PII ASAP. [1] https://transparencyreport.google.com/eu-privacy/overview https://transparencyreport.google.com/eu-privacy/overview [2] Which is obviously very low number. Imagine GDPR for 7 billion people.