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A comment on StreetLend.com shuts down, citing GDPR regulations. Parent comment

Re:StreetLend.com shuts down, citing GDPR regulations by usgroup on Monday April 30, 2018 @05:18AM (#16957025)
... well, you set up a LTD precisely to limit liabilities in that catastrophic case scenario but you'd probably find that people "coming after you" will be proportionate to how much you have to come after ... I.e. if you're a guy with a side project that makes no money; you're unlikely to attract "parasitic lawyers".

Further, in my opinion the GDPR is wholesome. You ought to implement it even if it didn't exist. If your business relies on playing fast and lose with user data then IMO it's not an honest business ...

Further still, the worse punishment is 4%/20M; it's not the default intervention or anywhere near the only way that the GDPR will be enforced.

[ Parent | on HN ]
Re:StreetLend.com shuts down, citing GDPR regulations by hjnilsson on Monday April 30, 2018 @07:01AM (#16957506)
Regarding your first statement, GDPR does not apply to personal projects. Only to business to consumer interaction. You are at less risk (in fact, zero), if you don't have an LTD as you are outside the scope of the law.
[ Parent | on HN ]