5 ms·
> the true cost and negative consequences of this law is extremely unsettling I think the cost of not having this law is much higher. Also, lots companies had
by Maarten88 8y ago
> the true cost and negative consequences of this law is extremely unsettling
I think the cost of not having this law is much higher.
Also, lots companies had few problems automating the dissemination of users personal information to dozens of interested parties, building completely automated markets for this information with derivatives trading etc, all without users (and regulators) knowing or understanding anything about these practices. It is long overdue to put a stop to the excesses, and as a EU citizen I am extremely happy with GDPR.
There will be new opportunities for startups, hopefully GDPR can help make sure these opportunities are less detrimental to society than before.
- deleted 8y ago[deleted]
- wooter 8y ago> I think the cost of not having this law is much higher. There is no way you could know this and every indication to the contrary. Many EU countries are struggling with jobs and claiming to want a tech sector. This just made it much less likely. > There will be new opportunities for startups, The barrier to entry was raised. That means that startups which cannot afford proof of compliance will not exist - whether or not they meet your subjective definition of "detrimental to society."
- samdoidge 8y agoWhy are we down-voting this post? The argument seems logical. Respond with counter-points instead, please..
- Maarten88 8y ago>> There is no way you could know this and every indication to the contrary. > Why are we down-voting this post? Responding to that will certainly not lead to new insights or good discussion. I did respond to the other point.
- cm2012 8y agoIt's a pretty valuable insight that adding friction to any system slows down the system more than the sum of it's parts.
- GenericsMotors 8y agoThis is what you get by leaving the invisible hand of the free market to "regulate" itself. Companies have enough rope to hang themselves dozens of times over with the way they collect and handle personal information (startups included), so it's no surprise that strong user-focused data protection is now law.
- CryptoPunk 8y agoThe internet has seen an absolute explosion of innovation over the last 20 years, which has massively added value to our lives. Compare it to heavily regulated sectors like medical services, pharmaceuticals, education and banking/finance. You're totally ungrateful for what the 'invisible hand' has provided. You take all of the advances and services that emerged on the web over the last 20 years for granted. In other words, your assumptions don't factor in the link between the myriad of web services now available, and the freedom people have had to provide services on the web. The government has a constructive role to play in the market, in provisioning tools and information to empower people to maintain their privacy, which market players are not economically incentivized to provide in sufficient quantities. That would take the form of public funding for development of anonymity technologies, public directories comparing services and their abidance to voluntary data protection standards, and possibly public service announcements educating people about what data they disclose while browsing non-anonymously, or browsing particular types of websites, and how that data can be shared and used by private data collectors. What the government should not be doing is imposing Big Brother laws that violate the privacy rights of companies in relation to the data they store, which properly understood, belongs to them, regardless of who that information is pertaining to, and violate private property rights by regimenting how web service companies will operate. Centrally planning the web economy in the manner of imposing regulations like the GDPR is so ridiculously misguided. It is going to destroy innovation, and particularly, business creation.
- Maarten88 8y ago> The barrier to entry was raised. I think not: incumbents will have more changes to make than startups, who can think it through and get it right from the start (for everyone, ideally). Also the data-portability rule directly lowers the barrier to entry and creates huge opportunities for competition. Ad-tech startups who built their tech in the previous years may feel screwed by GDPR, but I won't shed any tears for them. They may carry on in the US, if that makes you happy.
- deleted 8y ago[deleted]
- CryptoPunk 8y ago>>I think the cost of not having this law is much higher. The solution severely confines the space of operation, by straightjacketing web service provisioning to a narrowly defined set of procedures, and thus I think it's unlikely to be less costly than the problem it seeks to solve. Creativity does not flow from this kind of central planning. I believe the blind spot that GDPR advocates have is that they don't fully grasp the scope of what they don't know and what has not yet been discovered, and thus they don't fully account for the cost of laws that inhibit the innovative processes that lead to discovering new ways of providing goods/services. The responsible way of addressing privacy concerns, that would have been far less likely to undermine liberty and have other negative unintended consequences, would have been to develop user friendly anonymous browsing technology, like Tor-enabled browsers.
- riquito 8y ago> The responsible way of addressing privacy concerns [...] would have been to develop user friendly anonymous browsing technology, like Tor-enabled browsers. After you reach anonymously a service (e.g. Facebook) and login you won't get any help from Tor or similar technologies. You need a law to tell the other party to not mess with your privacy
- CryptoPunk 8y agoA browser that doesn't store cookies and anonymizes your IP will prevent things like a Facebook tracking you across the web. The rest is an issue of contract law. No one is forcing you to use Facebook, thus it is not violating your privacy when you choose to give it your data. Perhaps public education, on how the personal data you disclose to web services can be used, and information on anonymous alternatives, would help in this situation. Whatever the solution, it should not impose arbitrary restrictions on how websites can use the data others disclose to them, or obligate a web provider to respond to letters they receive. These are Big Brother laws that will limit the availability of services by severely constraining the space of operation. I want to be able to use the web without other people's overbearing laws severely limiting the range of websites and services available.