"From the description Streetlend didn’t violate the GDPR in concept though. Addresses are public record, available in public databases, and there is nothing stopping you from doing lending eBay. All it needed to do was clear it’s records every 6 months and let people delete their accounts."
> But the comment you commented on said:
"The problem is what happens if a legal firm or an agency targets you. Even if you adhered to the spirit of the law, they can dig up evidence that you didn't obey the letter of the law (since GDPR is quite loose and ambiguous)."
The issue seems to be that the resources required to resolve a delta - from Streetlend's pov - are perceived as excessive. Too much risk; not enough reward.
Look at what happened with Thiel and Gawker. Right or wrong is irrelevant if the opposition has deeper pockets and can bleed you to death (in legal fees).
> Startups will find a way to make money that isn’t selling your data.
Perhaps, that could be true. But plenty will not want to be caught in the crossfire in the meantime. And that too is a biz decision.
"From the description Streetlend didn’t violate the GDPR in concept though. Addresses are public record, available in public databases, and there is nothing stopping you from doing lending eBay. All it needed to do was clear it’s records every 6 months and let people delete their accounts."
> But the comment you commented on said:
"The problem is what happens if a legal firm or an agency targets you. Even if you adhered to the spirit of the law, they can dig up evidence that you didn't obey the letter of the law (since GDPR is quite loose and ambiguous)."
The issue seems to be that the resources required to resolve a delta - from Streetlend's pov - are perceived as excessive. Too much risk; not enough reward.
Look at what happened with Thiel and Gawker. Right or wrong is irrelevant if the opposition has deeper pockets and can bleed you to death (in legal fees).
> Startups will find a way to make money that isn’t selling your data.
Perhaps, that could be true. But plenty will not want to be caught in the crossfire in the meantime. And that too is a biz decision.