Re:StreetLend.com shuts down, citing GDPR regulations
by chii on Monday April 30, 2018 @09:39PM
(#16964018)
GDPR doesn't make illegal the trading of personal data for services. It requires consent for each piece of data (in detail, not a catch all) , and requires an option to remove your data, or opt out of specific uses of said data.
Re:StreetLend.com shuts down, citing GDPR regulations
by CryptoPunk on Monday April 30, 2018 @11:40PM
(#16964440)
If a party must provide a service for users that refuse to provide their personal data, as long as it provides that service for users that agree to provide their personal data, then there can be no business model based on trading personal data for a service.
And by mandating an option to remove your data, it makes a contract where a user gives a permanent grant of their data to a service provider, in exchange for a service, illegal.
Intentions and effects do not always align. The effect of GDPR is to make any business model where a user trades their personal data for a service illegal.
Business models involving voluntary exchange should not be prohibited.
The fact is, the free market already gives users control over their data. They are not obligated to use any service that requires private information from them.