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FWIW, my company is compliant w both and it’s manageable. There are accessible services like accountable and
@TrueVault to help w#HIPAA compliance and guides from companies like@ProtonMail for#GDPR which also takes into account efforts to become compliant. + it’s important! -
I mention this only because without regulations like this, consumers have no rights to access or delete their data, and many SMEs are reckless about it. The regs were implemented for a reason. I’m still shocked by how callous many companies are about data privacy.
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It was entirely predictable to anyone with an intermediate understanding of economics. Regulations fortify the moat. If you're big enough, political entrepreneurship is cheaper/easier than market innovation.
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Could not agree more ... most governments have great intentions to promote small businesses but can’t help themselves from supporting the incumbents at the small business expense.
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Outside of a few business models like ad tech I don’t think the regulatory burden is *that* much larger than the previous DP rules in Europe - just bigger potential punishments. I also don’t buy the argument that for a startup they are so bad - outside a couple of biz models
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I also think the controls mandated are mostly good. Yes more clarity is needed and will come with case law. Yes certain highly invasive business models will struggle and there the incumbents are best placed to adapt/survive - it’s consumer protection not biz protection
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