61–70 of 250 posts
Many people might not know, in US, credit card transactions/payments are on sale by various sources. There's a very active market for this and some fintech startups are solely based on this kind of data. Since most of our financial life is based on credit card, we are under surveillance at a micro level in a similar situation. The issue is we not only use 'services', we handle data to the service providers. Data unde…
China is fascinating. On one hand... - China has done better than any other country on Earth at poverty reduction. Chinese policy since Deng Xiaoping lifted hundreds of millions of people out of subsistence poverty. Free markets were a big part of this, but so were Special Economic Zones starting with Shenzhen, a culture of sharing IP, massive govt investments in infrastructure, research and education. - China are al…
Many people might not know, in US, credit card transactions/payments are on sale by various sources. There's a very active market for this and some fintech startups are solely based on this kind of data. Since most of our financial life is based on credit card, we are under surveillance at a micro level in a similar situation. The issue is we not only use 'services', we handle data to the service providers. Data unde…
I'm admittedly not well informed on the subject but I assume this has been going on for decades, are there any consumer privacy laws around this? While I find Google data collection activities worrisome, I at least have some faith in their technical ability to keep that data safe. And unless I'm mistaken Google only sells targeted access but not the actual data which is what the credit card companies and bureaus do.
China is fascinating. On one hand... - China has done better than any other country on Earth at poverty reduction. Chinese policy since Deng Xiaoping lifted hundreds of millions of people out of subsistence poverty. Free markets were a big part of this, but so were Special Economic Zones starting with Shenzhen, a culture of sharing IP, massive govt investments in infrastructure, research and education. - China are al…
Sorry, but judging by how things are going in western nations, especially in the USA, we're more likely to emulate their "mistakes and authoritarian overreach" before we even break ground on that rail from SF to LA.
https://en.m.wikipedia.org/wiki/History_of_California_High-S...
I mean, why not?
They've the got the hackers. They've got the big DB. They've got the absence of laws preventing such a practice.
China is fascinating. On one hand... - China has done better than any other country on Earth at poverty reduction. Chinese policy since Deng Xiaoping lifted hundreds of millions of people out of subsistence poverty. Free markets were a big part of this, but so were Special Economic Zones starting with Shenzhen, a culture of sharing IP, massive govt investments in infrastructure, research and education. - China are al…
Sorry, but judging by how things are going in western nations, especially in the USA, we're more likely to emulate their "mistakes and authoritarian overreach" before we even break ground on that rail from SF to LA.
We already have, here's video of the construction: https://youtu.be/1lsiYkyEW0w
Monthly construction updates: https://www.hsr.ca.gov/buildhsr.html
As an American, I would never download a Chinese app like WeChat or use a digital service based in China.
Many people might not know, in US, credit card transactions/payments are on sale by various sources. There's a very active market for this and some fintech startups are solely based on this kind of data. Since most of our financial life is based on credit card, we are under surveillance at a micro level in a similar situation. The issue is we not only use 'services', we handle data to the service providers. Data unde…
The thing in China is that so many trivial daily activities require government-issued ID. Buying a coach/train ticket. Buying a SIM card. Every website/mobile app registration require a mobile phone number, which means any account is easily traceable to your government-issued ID, too. Hell, even visiting your friend in a hotel requires recording your ID before hotel staff will let you go upstairs (strictly enforced i…