pwtweet

"It is harder for small and new companies to comply and crowds them out"

Show us some proof the GDPR is harder for small and new businesses to comply.

No it's bloody not.

More bollox. Just stop fucking lying, you're just showing yourself to be an ignorant ass.

"piece of legislation intended to cripple US corporations and supplement EU budgets with US corporate profits".

The most ignorant fucking statement I have read on HN in a long time. The 2016 GDPR is an update to the 2002 EU Data Protection Regulation. It has nothing to do with taxes, profits or crippling any company. It is an enforcement of the EU Charter of Fundamental Rights.

His opinion "I wonder why the EU is an afterthought when you need to spend millions on compliance for every new feature" is not backed up by any facts. If he had said that meeting the legal requirements in 28 different independent and sovereign countries adds too much cost then he would be correct.

Remember the EU Single Market and Custom Union does not cover every aspect of commerce and industry across all 28 member states.

Having said that, the Payment Services Directive 2 (PSD2) which applies to Stripe, will remove any remaining barriers and costs that still exist between member states when applied to the provision of electronic payments. If one was to add in the eIDAS directive then meeting compliance for identity, fraud, etc will soon be irrelevant.

1) GDPR applies to EU citizens only 2) Nothing to do with EEA.