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> Sorry to disagree with you, but I think that Iceland is a good place to host if you want data protection You've missed the point: they are not incorporated i
by objclxt 13y ago
> Sorry to disagree with you, but I think that Iceland is a good place to host if you want data protection
You've missed the point: they are not incorporated in Iceland. They are incorporated in Italy. Move their servers does them no good, and doesn't do anything to reduce their exposure.
An analogy: a company can move all its money offshore to reduce its tax liability, but only if at the same time it sets up a offshore limited liability subsidiary to handle that. Just moving all your money one day to the Cayman Islands without any of the legal and corporate work associated with it doesn't reduce your tax bill.
Similarly, it doesn't matter if Clipperz servers are hosted in Iceland unless said servers are owned and managed by a Clipperz subsidiary based in Iceland and not subject to Italian law. It sounds like they think they've figured out a clever wheeze, but they haven't at all:
> Clipperz was born as an Italian company subject to Italian laws and so it will remain. We are not planning to move people or assets out of Italy, we just moved the tech infrastructure to a place where our fundamental rights enjoy better protection.
Moving the tech whilst keeping the entire company in Italy and subject to Italian laws doesn't give their fundamental rights any better protection.
- nwp90 13y agoYou seem to be missing their point; they were worried that previously, there was a possibility of their servers etc. being seized for investigation (a la Megaupload) based on these dodgy wire transfers. They believe that in Iceland there is less chance of this happening. In other words, they believe Icelandic authorities will be more likely to tell the Italian authorities where to go than would the US authorities. This doesn't seem unreasonable.
- toyg 13y agoTheir worry is about servers being confiscated. They believe there's less chance of this happening in Iceland than with a US provider obeying EU-US safeharbor treaties. Of course their own exposure as a company and as individuals remain the same (under Italian law), but they believe the physical threat to servers has diminished - should they get arrested, they could "eat their ssh keys" and authorities could not just stop the service. I'm pretty sure they do have a lawyer already (ever tried to do business in Italy? You'll need a lot of lawyers). I do hope these attacks are from "usual" bad agents (i.e. organised crime, people interested in laundering BTC), rather than some dirty-trick Italian agency, but who knows, the country is crazy atm...