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India bans MasterCard from adding new customers

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Re: India bans MasterCard from adding new customers

#111

Post by qwytw »

qwytw wrote: post #110
rfd4sgmk8u wrote: post #104

Earlier quoted context omitted.

There was the debasement of the currency of the Roman Empire, which lead to its failure. This was done for reasons of waging war. I am arguing that if you remove the ability for a state to create money (or at least debase it), it removes the ability for it to wage war. Continuous war requires continuous capital to wage. If this continuity is ended, wars end.

Then you're arguing for abolishing the state in general. Because otherwise individuals would have no way of preventing the state from either taking away their non-inflationary money/coins or banning which would result in significant reduction it's value. > There was the debasement of the currency of the Roman Empire, War was the reason why Roman empire existed in the first place. In fact some argue that the Roman eco…

Prior to the revolution of 1789 the French state was pretty much in a permanent state of bankruptcy for the past several hundreds of years (and unlike the Romans they couldn't really debase their currency). Did that prevent them from waging wars?

Re: India bans MasterCard from adding new customers

#112

Post by gpm »

actuator wrote: post #86
gpm wrote: post #82

Earlier quoted context omitted.

It's a billion person country. It might not make sense for every country to demand things like this, but that doesn't mean it doesn't make sense for giant countries too, and it doesn't make it inefficient. At India's scale costs are already amortized anyways, but worse, consider India's physical location. It's surrounded by hostile nations (Myanmar, China, Pakistan, make a wall around it). To get data out of the coun…

Afaik, Myanmar is not a hostile country. Neither the elected government nor the military dictatorship has animosity at the state level.

To be honest I know next to nothing about MyanmarIndia relations. Everyone has been suggesting that the new Myanmar government is closely related to China, so I was substituting in the ChinaIndia relations.

Re: India bans MasterCard from adding new customers

#113

Post by thayne »

Shorel wrote: post #94
thayne wrote: post #37

Earlier quoted context omitted.

You think it is fair for companies to be required to run servers in every country they operate in? That seems pretty wasteful and inefficient to me.

If it was wasteful, then there would be no CDNs like Akamai and Cloudflare. And Netflix would not have data centers in virtually every ISP in the world. Ohh poor Netflix, the bandwidth costs are so unfair to them!

Mastercard isn't Netflix. The amount of bandwidth is likely orders of magnitude less.

Re: India bans MasterCard from adding new customers

#114

Post by rfd4sgmk8u »

qwytw wrote: post #110
rfd4sgmk8u wrote: post #104

Earlier quoted context omitted.

There was the debasement of the currency of the Roman Empire, which lead to its failure. This was done for reasons of waging war. I am arguing that if you remove the ability for a state to create money (or at least debase it), it removes the ability for it to wage war. Continuous war requires continuous capital to wage. If this continuity is ended, wars end.

Then you're arguing for abolishing the state in general. Because otherwise individuals would have no way of preventing the state from either taking away their non-inflationary money/coins or banning which would result in significant reduction it's value. > There was the debasement of the currency of the Roman Empire, War was the reason why Roman empire existed in the first place. In fact some argue that the Roman eco…

Not the state in general, just the ability to create money. The state can still raise funds via taxation, but they need to be more careful in how it is spent, as it cannot be magic'd into existence.

Re: India bans MasterCard from adding new customers

#115

Post by gpm »

nradov wrote: post #105
gpm wrote: post #82

Earlier quoted context omitted.

It's a billion person country. It might not make sense for every country to demand things like this, but that doesn't mean it doesn't make sense for giant countries too, and it doesn't make it inefficient. At India's scale costs are already amortized anyways, but worse, consider India's physical location. It's surrounded by hostile nations (Myanmar, China, Pakistan, make a wall around it). To get data out of the coun…

Data can also move by satellite.

Someone can correct me if I'm wrong, but I don't believe there is meaningful amounts of bandwidth available via satellite today. Even something like starlink today is just a bent pipe from ground station to ground station (and is super recent).

Whatever bandwidth is available would undoubtedly be quickly consumed if the land lines were cut...

Re: India bans MasterCard from adding new customers

#117

Post by unknownOrigin »

kspacewalk2 wrote: post #28

The obsession with where data physically sits at rest is so amusing to me. Not limited to overzealous governments and financial data; healthcare is singularly obsessed with this. It makes no sense whatsoever, of course. I'd much rather store properly encrypted personal information or financial data in North Korea than storing it unencrypted in my home country. I would understand if they demanded both storage and proc…

> I'd much rather store properly encrypted personal information or financial data in North Korea

Ah, a fan of cold storage, are we.

Re: India bans MasterCard from adding new customers

#118

Post by qwytw »

rfd4sgmk8u wrote: post #114
qwytw wrote: post #110

Earlier quoted context omitted.

Then you're arguing for abolishing the state in general. Because otherwise individuals would have no way of preventing the state from either taking away their non-inflationary money/coins or banning which would result in significant reduction it's value. > There was the debasement of the currency of the Roman Empire, War was the reason why Roman empire existed in the first place. In fact some argue that the Roman eco…

Not the state in general, just the ability to create money. The state can still raise funds via taxation, but they need to be more careful in how it is spent, as it cannot be magic'd into existence.

And how would you enforce this if the state continues to have the monopoly on violence? Who would prevent it from banning doing the same thing Roosevelt did in 1933 (banning the private ownership of gold) (of course for crypto currencies they would ban the usage and ownership) or suspending the free market itself like in 1941?

Re: India bans MasterCard from adding new customers

#119

Post by 908B64B197 »

nacho2sweet wrote: post #81
kspacewalk2 wrote: post #28

The obsession with where data physically sits at rest is so amusing to me. Not limited to overzealous governments and financial data; healthcare is singularly obsessed with this. It makes no sense whatsoever, of course. I'd much rather store properly encrypted personal information or financial data in North Korea than storing it unencrypted in my home country. I would understand if they demanded both storage and proc…

From my understanding (I could be wrong) and why I have to follow all these rules here in Canada, is the USA made a homeland security law in like 2007 that said law enforcement can have access to any foreign individuals data without a warrant/good reason. So now when picking services I am not allowed to host on any non Canadian servers if we are hosting personal information about staff/users etc. It can be a simple e…

Ultimately, isn't it the owner of the server who's targeted by the laws? Where the server is really doesn't matter that much.

Re: India bans MasterCard from adding new customers

#120

Post by passivate »

kyrra wrote: post #8
bserge wrote: post #3

Is this hard to implement for MasterCard? Otherwise, it seems reasonable to me, but I'm not that knowledgeable in this area.

Yes, it is. You either need to entirely fork your operation to have it operate entirely within India, or be extremely careful with how you store your data, and store the data only in India, but process it in other data centers without ever having it touched disk. Which I believed means you can never even log the data.

How long do you think it will take to do it?
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