[alasdair_]

Excellent way to make money :)

Just run this service for a few years without actually encrypting the data, then charge $20/month to NOT release the information.

[Corrado]

This reminded me of the old Monty Python sketch "Blackmail"[1] where they charge people to not release information. The longer you wait the more it costs you. Very funny stuff. :)

[1] https://www.youtube.com/watch?v=wZgwNutwK0Y

[EC1]

Ah, the classic Bait and Switch SaaS.