This seems like a pretty even-handed analysis of the consequences of GDPR. I correctly predicted most of them, and have been highly criticized for it.
It’s truly stunning to me that a community like HN that consists of many current and future startup executives can be so adoring of regulation that has “been the death knell for small and medium-sized businesses“ and for which “compliance costs are astronomical” according to the article. I sense that it is mostly the vocal minority making these comments that ignore the seriously negative consequences of GDPR and paint any company or person that is critical of it as a privacy abuser. I suspect that it is the same small group of abusive users that downvote any comment critical of GDPR into oblivion. Still, it is a very bad look for a community that claims to be so invested in startup culture.
It really is OK to recognize that something with good intent (privacy legislation) can be poorly written and consequently fraught with problems (like GDPR). Any idiot could have predicted that the fine structure they imposed meant potential death for small businesses and a mere speed bump for large ones. GDPR should be torn up and rewritten. The fine structure should be a percentage of revenue, period - not 4% of revenue or €20 million, whichever is higher. That is ludicrous and was designed specifically to drive small businesses out of the market.
It’s truly stunning to me that a community like HN that consists of many current and future startup executives can be so adoring of regulation that has “been the death knell for small and medium-sized businesses“ and for which “compliance costs are astronomical” according to the article. I sense that it is mostly the vocal minority making these comments that ignore the seriously negative consequences of GDPR and paint any company or person that is critical of it as a privacy abuser. I suspect that it is the same small group of abusive users that downvote any comment critical of GDPR into oblivion. Still, it is a very bad look for a community that claims to be so invested in startup culture.
It really is OK to recognize that something with good intent (privacy legislation) can be poorly written and consequently fraught with problems (like GDPR). Any idiot could have predicted that the fine structure they imposed meant potential death for small businesses and a mere speed bump for large ones. GDPR should be torn up and rewritten. The fine structure should be a percentage of revenue, period - not 4% of revenue or €20 million, whichever is higher. That is ludicrous and was designed specifically to drive small businesses out of the market.