[aguyfromnb]

>The problem they point out is that well intentioned businesspeople who want to provide you a useful service and store your data correctly are priced out.

I think pricing out the odd well-intentioned business person is a good tradeoff for avoiding the "move-fast and break things" snake-oil salesmen.

>Said another way: regulation always adds cost and barriers to entry.

And saves money and harm when things go bad.