News for hackers. Stuff that matters.
Re:Didn’t Homejoy Shut Down? by Lawtonfogle on Friday October 30, 2015 @10:11AM (#10477892)
What about a legal agreement with the users that the information will be deleted before a bankruptcy is filed and if they fail to deliver, then the users are owed so much for failure to deliver on the contract (and this debt is created in such a way it takes priority over other debt). Make the debt big enough that anyone owed money for a reason other than this deal (so investors and such) would see a greater payout by deleting the information and selling the other assets with their normal claim to its worth than by attempting to sell the customer data and split the proceeds with all the users.

Also make it legally solid enough that even if there was a lawsuit, the cost of the lawsuit would be higher than the worth of the data.

Re:Didn’t Homejoy Shut Down? by andy_ppp on Saturday October 31, 2015 @09:45AM (#10482605)
Brilliant idea, it's essentially you are giving a permanent license to your info; the problem below is a real one though, the investments we are seeing are often clearly hedged against resale of data... A rather scary market when Stripe will just charge credit cards if you have a users token!