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US to ban transactions with ByteDance and WeChat in 45 days

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Re: US to ban transactions with ByteDance and WeChat in 45 days

#271
post #252

Earlier quoted context omitted.

Justifications are meaningless. The US wants to curtail Chinese influence and power, so it finds some mumbo-jumbo to justify it.

Tomorrow this exact mumbo jumbo will be used against "California" companies and "New York" companies.

By the Chinese? They have been strong arming western companies for decades. The price of doing business in China has always been severe.

Re: US to ban transactions with ByteDance and WeChat in 45 days

#272
post #8

Earlier quoted context omitted.

Having to pay for storage seems to be a better outcome than total foreign intelligence penetration and public opinion influencing.

> public opinion influencing Has the USA not been doing that all over the world since forever? Hell, they usually just change governments directly, without even bothering with public opinion.

I'm not an American, but

1) Not all influence is equal. USA owns Australia but I wouldn't trade that for China.

2) Just because USA has spies elsewhere doesn't mean they'd tolerate spies on their soil.

Re: US to ban transactions with ByteDance and WeChat in 45 days

#273
post #167

This is obviously just a tactic by the Trump administration to distract people from the US economy tanking because of the mishandling of covid-19. If you haven't noticed, the US has much bigger problems. How about covid-19, the economy, lack of universal healthcare, weak education system, huge deficits, etc? I am not blaming the mishandling of covid-19 solely on the Trump administration. I am just pointing out their…

I think that negative votes on Hacker News are an indicator of people denying the truth. Bring it on.

Re: US to ban transactions with ByteDance and WeChat in 45 days

#274
post #252

Regardless of how I feel about this particular company or transaction, to me this is a bad overreach of presidential power. I guess it's merely a reflection of the incompetence/inaction of Congress to study the matter and do something about it, as is their responsibility. Why do I say so? 1. The justification for this is that it's a "national emergency with respect to the information and communications technology and…

Justifications are meaningless. The US wants to curtail Chinese influence and power, so it finds some mumbo-jumbo to justify it.

This plays right into China's narrative. Now the arrest of Meng Wanzhou (Huawei CTO) starts to look a bit less principled and a bit more like a piece of realpolitik.

I think it's definitely justified in the sense that it's understandable to strike back, but it's hard to take a moral high ground now.

Re: US to ban transactions with ByteDance and WeChat in 45 days

#275

OK This is huge. Trump isn't just banning TikTok he's banning Tencent and it's holdings too from operating in the US. To put this is perspective Tencent owns Riot Games (League of Legends) and has stakes in Epic Games (Fortnite), Ubisoft (Assassin's Creed) and Activision Blizzard (Call of Duty). Overall Tencent owns 108 companies across media, entertainment, fintech and education. This is going to be a mess. (univers…

It's only WeChat. Reddit, Riot, Epic etc are unimpacted

If the justification is that these apps are going to be used as social surveillance and manipulation apps, then surely Reddit and games with social features are next.

Re: US to ban transactions with ByteDance and WeChat in 45 days

#276
post #228

Earlier quoted context omitted.

That’s the behaviour of a dictatorship country. And now America is being like one. This is probably what China wants for America.

America primarily sells technology. China primarily sells goods. China is totally free to sell goods into America. China has blockaded America's technology, unless the companies agree to essentially hand over IP so China can steal it (Huawei operated a cash bonus scheme for stolen IP, according to the DoJ). Does this sound like "free trade"?

Not just that, even companies willing to play ball and censor information for the local laws end up being operated with local partners like Apple's iCloud (run by AIPO Cloud (Guizhou) Technology Co. Ltd).

Re: US to ban transactions with ByteDance and WeChat in 45 days

#277
post #55

Earlier quoted context omitted.

What are your views on IP theft by some companies there. Should that be considered first strike by China.

The difference between west and CCP is that you follow rule of law, everyone is free until you're proven guilty. If you just replicate what CCP is doing you're admitting that their ideology is superior.

Are US investors hurt by CCP blocking Google / Twitter from China ?

When you reciprocate it’s not because of a superior ideology but because you won’t accept a one-sided transaction

Re: US to ban transactions with ByteDance and WeChat in 45 days

#278
post #240

Earlier quoted context omitted.

Yes, by mirroring China’s authoritarianism and restricting the freedom of Americans. I’m living overseas and now my government is telling me I can’t use WeChat? Telling me who I can and cannot trade with, etc. Restrictions on trade with China are attacks on our freedom.

How do you feel about restrictions on trade with North Korea, Syria, or Iran?

The same, especially with regards to communications and consumer goods. We’re talking about a chat and payments app...

It’s not an actual national security issue like selling China nukes or something.

Re: US to ban transactions with ByteDance and WeChat in 45 days

#280
post #267

Only took a couple decades to do this. A messaging app that allows China to read everything but not other countries should be illegal to begin with. Entirely secure or not at all is the way.

Isn't this exactly what US companies do, and what the US government wants to do?

the us needs a warrant to spy on its own citizens
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