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You're being downvoted unfairly. It is what they cost. Those costs can be mitigated though; there's a lot of businesses that make it their goal to solve regulat
by scrollaway 9y ago
You're being downvoted unfairly. It is what they cost. Those costs can be mitigated though; there's a lot of businesses that make it their goal to solve regulations for small startups.
The question is more on the side of, is the cost worth it? A good and much longer-running example of this is in the medical industry. There are massive regulations around development of new drugs and treatments. Massive regulations around experimentation on humans. This stifles innovation and prevents potentially life-changing drugs from making it to the market faster, or sometimes ever. It also prevents a lot of other things, such as crackpots from entering the mass market and selling poison as an anti-aging drug.
Is it worth it? There's still debate about this today, especially when promising cancer treatments are taking years/decades to reach the market (=> how many lives are lost during that time? What's the tradeoff for someone who is terminally ill anyway? etc). I'm not nearly informed enough to pick a side in that debate, but it goes to show it's not necessarily a bad thing for "fly by night websites" to be heavily impacted by regulations like these.
- eadmund 9y ago> Those costs can be mitigated though; there's a lot of businesses that make it their goal to solve regulations for small startups. Part of my concern is that in order for those regulation-solving businesses to have a working business model, they can't just support every stack under the Sun. Instead, you'll get something like GDPR for Azure™ — which means that it'll be that much more expensive for a startup using an outside-the-box stack to get started. That's the point of a lot of regulation, really: to insulate firms which already exist from disruption.
- strken 9y agoThe difference here is that the GDPR is widely believed to be aimed at Facebook, Google, and friends, and those companies are a threat to privacy partly because of the enormous scale of their data collection in addition to the intrinsically private nature of the data itself. The question, then, is whether a small "business" that's closer to a charity or a resume padder needs to be regulated in the same way as Facebook when it doesn't collect data on the same scale. I don't think this applies to medical startups, where human lives are at the same risk regardless of how many customers are using the tech.
- skybrian 9y agoHave there been any exemptions for smaller businesses? If not, it seems pretty clear the GDPR is targeted at them too. The online ad-tech industry is pretty fragmented [1] and widespread data-sharing would certainly be a problem even without the larger companies. It's not like Google or Facebook invented it; this goes back to nearly the beginning of the web. And the offline component goes back even further. [1] http://static.adweek.com/adweek.com-prod/wp-content/uploads/2018/04/luma-1200.png http://static.adweek.com/adweek.com-prod/wp-content/uploads/...
- rorykoehler 9y agoYou're spot on with your observation in the medical industry. I've been researching stem cell treatment for a condition i have and the impact regulations (which i fully support btw) have had is that now there are a bunch of hucksters and a bunch of legit businesses offering stem cell treatments and it is practically impossible to separate the two. Despite being well versed in reading scientific papers and internet research in general it is impossible for me to separate fact from fiction. Added to that there is also a significant number of people spreading FUD which adds unwanted noise not only in the marketing side but also on the flip side making it all the more difficult to decipher the landscape. Related to GDPR i can definitely see a similar situation developing where large entrenched player leverage it to gain an unfair competitive advantage against startups who could threaten then in their market, using the same FUD tactics. This is a silent killer which will wipe out grass roots innovation in Europe.
- AmericanChopper 9y agoI get what you’re saying, but I’m not sure it’s fair to compare PII management to the medical industry. Personally I think the new regulations are rather ham fisted, with so many edge cases that it looks more like a denial of reality than an attempt to regulate it. I also think it’s going to be pretty harmful to startups, and that we’ll see more businesses just trying to avoid Europe at all costs. Regulation like this can either be easy to comply with, or they can be effective, you can’t really have both at the same time. Even then it just boils down to the old tension between security and compliance. I work with a lot of PCI orgs, all of them have AoCs, very few of them are actually what I would view as compliant. They all managed to satisfy the box checkers, but the DSS doesn’t do much to protect the consumers in most situations. The reality is that the DSS is just a mechanism of shifting accountability around, which is what I see the GDPR as. A bunch of politicians using poorly written regulations to shift accountability on to the market.
- guitarbill 9y agoThe medical industry is a decent analogy though. Highly regulated, high barrier to entry. Which is bad. Overall though, probably better than a free-for-all (e.g. Theranos), as we've learned from several millennia of humans being awful or incompetent. God forbid we try and apply some of those ethics to IT. (Europe is big on privacy, again a somewhat hard-learned lesson.)
- AmericanChopper 9y agoExcept that approach ignores the nature of risk. The impact of getting a drug wrong is catastrophic, the impact of disclosing some PII is far less. This impact also decreases proportional to the size of the organisation, unlike the regulatory burden. To compare PII to medicine is trying to invoke an emotional reaction, not a reasoned one. I don’t think this regulation is well designed at all, I don’t even think it’s going to achieve half of what it’s trying to do. But it will achieve increases compliance costs to pretty much every company, costs that will put startups at a serious disadvantage to established companies. Europe thinks they’ll have some protection by claiming every company in the world must comply, but only time will tell how that will work out for them.