The other day I saw a post by Brent about this really nice looking bug tracker called Porchlight. It looks like a pretty nice bug tracker, especially because it seems very simple which is what I want. Here's the problem. I don't trust them. I don't want a hosted version of their product. I want to control my own data. I want it on my own domain, I want it backed up with my own backups, I don't trust them for $10 a month to take better care of my data then I will. Why should I trust them?

In all the web2 hysteria people have forgotten that most people don't trust other people. Especially with their very important proprietary data.

Update: Scoble has a post just now that's tangentially related to this as well.