Resultados 1 a 4 de 4
  1. #1
    WHT-BR Top Member
    Data de Ingresso
    Dec 2010
    Posts
    18,473

    [EN] A cashless society would destroy our privacy and freedom

    Big data are propelling us towards a world where an individual’s purchasing power is determined by his or her demographics and online behaviour

    Peter Guy
    05 October, 2017

    The real technology threat is here and now. No, it’s not depicted in Ridley Scott’s dystopian film Blade Runner. Big data fed by e-commerce platforms, particularly in China, are rapidly propelling us towards a world where an individual’s purchasing power, and their value to the consumer system, can be determined by his or her demographics, online behaviour and choices.

    Imagine that the entirety of your personal data, not your money, will authoritatively determine what you can and cannot possess in the present and future. It’s like a Philip Dick science fiction story where factories intuitively deliver goods and services to your home without the need for you to actually click through an online order.

    However, making Hong Kong people acquiesce to a cashless economy or a digital currency won’t be as easy as technologists and government regulators think. Hongkongers have always jealously guarded their privacy, especially their personal business affairs. Long before China became an economic powerhouse, when Hong Kong was the centre of Chinese capitalism, it epitomised the secretive cash transaction culture.

    Mainlanders have fully embraced digital, cashless transactions, but I can’t help but think they are gullible and naive as they readily surrender privacy for convenience. Smartphones allow for an unprecedented level of mobile data gathering.

    Then, mainland Chinese have only known and lived under a one-party state government and authoritarian-style state. Privacy has never been an important part of their daily life or culture. The population has never experienced self-governance, as only Party members can vote for Party leaders.

    You certainly won’t understand how mobile payment in China feels until you actually try it. I was shopping at a Guangzhou grocery store when the cashier held up a scanner ready to scan my QR code. When I told her I was paying with cash, she was rather surprised that someone was still using notes and coins. There are signs in shops in China that say: we do not accept cash.

    But there is a sinister, deep state motive to lure people into giving up cash. A cashless economy allows the government to fully control your holdings at banks. So authorities can charge negative rates, as in Japan, where they can literally deduct or charge fees from accounts without legal recourse.

    Most people don’t know that the public does not possess a constitutional, statutory or even common-law right to open a bank account or receive banking services. I have an inbox bulging with complaints from former customers of HSBC whose accounts were shut down after decades of business. Their only explanation was a legally phlegmatic form letter.

    In today’s society, it is almost impossible to exist and function without a bank account or credit card. But in a completely cashless society you are completely, financially excommunicated – cast adrift as a non-person without an identity.

    So, bank runs like the one on Linshang Bank in China in August would never happen again under a cashless system because banks would not be carrying any cash. Inexperienced mainlanders may learn the hard way during their first financial crisis that they can’t withdraw their savings from the system.

    Americans take the attitude that the only true defence of your personal freedoms in modern society lies in the ownership of cash and guns (notwithstanding the recent massacre in Las Vegas). Like most freedoms, only when they are denied will you discover what you have lost.

    Not long ago in Hong Kong, you could see customers depositing suitcases of thousand-dollar bills through the bank teller’s window. The depositor dutifully waited while the teller fed the stack of cash through a counting machine that rattled like a machine gun.

    Years ago, I remember visiting to the Jockey Club for a race night and my companion deposited a suitcase of cash into his account. He casually sipped on cognac as it was being counted. I asked him if he should be watching the tally. He replied: “It’s the Jockey Club. They can always be trusted.” Such was the level of social trust in Hong Kong that was required to make a cash economy work.

    Hong Kong people jealously guarded their privilege to use cash and how they made a profit. Then, 1997 comes along and 20 years later the whole promise and idea of nothing ever changing in Hong Kong doesn’t seem so real any more. Especially when the government wants to blindly follow China’s trend for mobile payments.

    Such a futuristic world is supposed to free, and edify humans. But, it effectively abolishes privacy, free will and freedom. As the media theorist Marshall McLuhan said about this kind of big data global village: “The more the data banks record about each one of us, the less we exist.”

    http://www.scmp.com/business/banking...cy-and-freedom

  2. #2
    WHT-BR Top Member
    Data de Ingresso
    Dec 2010
    Posts
    18,473

    Google de olho nas transações financeiras


    Totalmente gratuito

    Guilherme Horn
    02/10/2017

    O Google lançou na semana passada, na Índia, uma carteira virtual (wallet), que promete sacudir o mercado. O serviço chama-se TEZ e é totalmente gratuito. Através dela, o usuário pode fazer pagamentos em estabelecimentos comerciais ou enviar dinheiro para outras pessoas, tudo de forma muito simples e sem pagar nenhuma taxa.

    Sempre que fazemos um pagamento, por exemplo usando um cartão de crédito, há uma série de taxas embutidas. As taxas remuneram o banco emissor do cartão, o adquirente ou subadquirente e a bandeira do cartão. No caso do cartão de débito, não é muito diferente. O serviço que o Google acaba de lançar, no entanto, vincula o celular do usuário diretamente à sua conta corrente, tirando todos os intermediários do processo. Com isso, os comerciantes passam a receber os valores sem o pagamento de taxas e este percentual, que pode chegar a 5% do valor da compra, pode ser revertido em desconto para os clientes.

    Para evitar dificuldades técnicas na implementação, em função dos diferentes tipos de celulares existentes no mercado indiano, o Google resolveu usar a tecnologia AQR (Audio QR Code). O método é proprietário e a empresa já o utiliza com sucesso desde 2014, em aparelhos como o Chromecast. A vantagem é poder ser facilmente implementado em smartphones de baixo custo, como a maioria dentre os 300 milhões de aparelhos em operação na Índia.

    A infraestrutura que viabilizou o TEZ foi a UPI (Unified Payment Interface), o padrão de comunicação entre bancos lançado pelo governo indiano, para facilitar as transações num mercado altamente pulverizado, com 55 grandes bancos e centenas de outros menores. Enquanto vários outros players lançam suas wallets no mercado indiano, com preços já competitivos para os padrões atuais, como o chinês AliBaba (Paytm) e o gigante do ecommerce indiano Flipkart, o Google chega inovando com um modelo gratuito. A esta altura o caro leitor está se perguntando: mas como o Google vai ganhar com isso? Pois, mais uma vez, o valor deste negócio está nos dados que ele vai gerar, permitindo que o Google conheça cada vez mais profundamente os hábitos dos usuários. Com isso, conseguirá fazer ofertas cada vez mais relevantes para estes usuários; e, assim, poderá ganhar dinheiro com os anunciantes. Mais uma amostra de como o Google continua imbatível em seu modelo comercial publicitário!

    http://link.estadao.com.br/blogs/seu...s-financeiras/

  3. #3
    WHT-BR Top Member
    Data de Ingresso
    Dec 2010
    Posts
    18,473

    Solving fundamental problems


    All we wanted to do was make sure people could do that well

    Google's Caesar Sengupta, vice president of Google's Next Billion team, told BuzzFeed that transactions on Tez weren't entirely private. The company would be able to see “who paid whom and how much, which is ‘not different from any other UPI-based payments app.’”

    “The Next Billion Users program is about solving fundamental problems that users in countries like India, Indonesia and Brazil have,” said Sengupta. “Paying to get access to services and products is a fundamental part of everybody’s lives. And all we wanted to do was make sure people could do that well.”


    https://www.buzzfeed.com/pranavdixit...tion-each-time
    Última edição por 5ms; 05-10-2017 às 03:32.

  4. #4
    WHT-BR Top Member
    Data de Ingresso
    Dec 2010
    Posts
    18,473
    Stan B‏ @xstanbx Oct 3

    Need legislated standards for anonymizing/abstracting PII [Personally Identifiable Information] from data so can be used for any purpose, and if used for public good no opt-in req

Permissões de Postagem

  • Você não pode iniciar novos tópicos
  • Você não pode enviar respostas
  • Você não pode enviar anexos
  • Você não pode editar suas mensagens
  •