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I totally agree with you all your points. Just to be clear: I never said we missed the bus because of regulation. But the fact that we react like that now show
by baxtr 6y ago
I totally agree with you all your points.
Just to be clear: I never said we missed the bus because of regulation. But the fact that we react like that now shows we don’t have other ideas or means to respond.
- mrtksn 6y agoHaving your communication run by foreign entities is dangerous. it’s no longer even direct communication, it’s curated. It can be used to create political problems, social unrest or movements, it can be used as commercial advantage on other areas. China happened to actually have a true competitor, TikTok and the first instinct of the USA was to try to ban it or force acquisition.
- themacguffinman 6y agoThe Big Tech that the EU is targeting is mostly US-based, and the US is an EU ally. The US wasn't banning or forcing acquisitions for foreign competitors like WhatsApp or Line, and the EU isn't making moves on Visa/Mastercard which are arguably just as critical. If the EU was making this move based on national security reasons, I'd also expect them to be upfront about it.
- Aerroon 6y agoJust because the US is an ally doesn't mean the EU can build themselves to be reliant on the US. It gives the US too much leverage. >and the EU isn't making moves on Visa/Mastercard which are arguably just as critical. They're arguably not as important in Europe. Credit cards aren't nearly as common here. It's largely debit cards and bank transfers. As I understand it, SEPA [0] allows Europe to sidestep Visa and MasterCard when necessary. [0] https://en.wikipedia.org/wiki/Single_Euro_Payments_Area https://en.wikipedia.org/wiki/Single_Euro_Payments_Area