16 karma · joined January 14, 2018
By raising new consumption tax ? Its not going to work. Thats not how you fund socialism lol.
https://wiki.mises.org/wiki/Anarcho-capitalism
https://www.seasteading.org/floating-islands-project-in-fren...
But can he be identified ? I believe if its too difficult to identify using even "religious beliefs, sexual orientation, political views etc" then its not personal data. Though I cant seem to find link to the page where I read it.
On similar note, even IP _alone_ appears to be non personal data if since it cannot identify a person [1].
From Case 582/14 – Patrick Breyer v Germany [2]
On appeal, the Regional Court of Berlin (the "Kammergericht") ruled that IP addresses in the hands of website operators could qualify as personal data if the relevant individual provides additional details to the website operator (e.g., name, email address, etc.) in the course of using the website.
Lol even German Govt cant seem to figure out its own laws. They should have gone to one of those consultants.
[1] https://www.gdpreu.org/the-regulation/key-concepts/personal-...
[2] https://www.whitecase.com/publications/alert/court-confirms-...
In large indirections (or nesting), there is risk for both depositer and CB. Depositer would have to trust more banks in the chain. For CB nesting means harder to be KYC/KYCC/AML complient [1]. Due to the recent and growing derisking phenomena, nesting is not going to survive.
Eurodollar reads like just another name for correspondent banking, which was also used to escape USA regulations. But no longer works. In 2016, BofA dropped Belize Bank (largest bank by assets) after 35-yrs of relationship with no explaination other than regulatory pressure [2]. And thats how USG get a bank whereever it might be.
Regarding "a dollar balance held in London", unless you mean hard cash, the amount is just a ledger entry in FedWire. So US is very much involved [3].
[1] https://bizfluent.com/info-10002124-correspondent-payable-th...
[2] https://www.reuters.com/investigates/special-report/usa-bank...
[3] https://en.wikipedia.org/wiki/Society_for_Worldwide_Interban...
Any more indirections would be too risky. If your bank has neither, then no other bank would talk to your bank over SWIFT/CHIPS/RIPPLE/etc, making your bank basically banned from USD banking.
Usually and and in this case, even accusations or investigation of money-laundering/etc would make a CB to derisk [2][3] and proactively cancel account of accused bank or CB would risk access to FedWire. This is how USG was able to force FATCA over the world.
[1] https://www.federalreserve.gov/paymentsystems/fedfunds_about...
[2] https://google.com/search?q=correspondent+bank+de+risking
[3] https://www.americanexpress.com/us/content/foreign-exchange/...
So if the rationale for GDPR to reduce data breaches or to deny private data to future rouge govt, then it fails. Private data will still exist even if its not commercialzed. Its irrelevent who control it (user or company) as long as its connected to internet, there is risk of data breaches.
Unless you propose to go back to storing actual photos in actual albums. ITT im not sure.
Peoples lives and most intimate details is going to be stored as bits. Get used to it.
Whether for targeting purpose (Facebook) or personal reasons (Strava). Whether stored on remote servers or home. It wont affect likeliness of data breaches. Focus on good software designs and let programmers design such systems in peace.
All this needed was fine for data breaches. Not the mess called GDPR.
It can be if there is too much risk or uncertainity. It can be even easier if there is anti-business characteristics to the policies.
I would say EU classify as such.
Thats not true. You implicity consent to usage policy of that website which then gave permission to FB. Ofcourse GDPR makes it illegel but until May 25 its not.
Then your beef is not with FB but the website which _chose_ to embed FB like button. You should stop using that website if you are not ok.
[Example 1]
A mobile app for photo editing asks its users to have their GPS localisation activated for the use of its services.
The app also tells its users it will use the collected data for behavioural advertising purposes. Neither geo-localisation or online behavioural advertising are necessary for the provision of the photo editing service and go beyond the delivery of the core service provided. Since users cannot use the app without consenting to these purposes, the consent cannot be considered as being freely given.
[Example 6]
A bank asks customers for consent to use their payment details for marketing purposes. This processing activity is not necessary for the performance of the contract with the customer and the delivery of ordinary bank account services. If the customer’s refusal to consent to this processing purpose would lead to the denial of banking services, closure of the bank account, or an increase of the fee, consent cannot be freely given or revoked.
[1] http://ec.europa.eu/newsroom/just/document.cfm?doc_id=48849
IMO this demands more attention from HN: https://news.ycombinator.com/item?id=16314101
[Example 1]
A mobile app for photo editing asks its users to have their GPS localisation activated for the use of its services.
The app also tells its users it will use the collected data for behavioural advertising purposes. Neither geo-localisation or online behavioural advertising are necessary for the provision of the photo editing service andgo beyond the delivery of the core service provided. Since users cannot use the app without consenting to thesepurposes, the consent cannot be considered as being freely given.
[Example 6]
A bank asks customers for consent to use their payment details for marketing purposes. This processing activity is not necessary for the performance of the contract with the customer and the delivery of ordinary bank account services. If the customer’s refusal to consent to this processing purpose would lead to the denial of banking services, closure of the bank account, or an increase of the fee, consent cannot be freely given or revoked.
You appear to be right. GDPR effectively bans targeted ads in EU which means a significant source of revenue, enough to be fatal, is now illegal. It seems to me that EU does not like private data as payment.
I wish good luck to citzens and businesses cause I certainly wouldnt/couldnt, as a business, provide EU.
So a user would have two options: 1. Disagree, pay with money, 2. Agree, pay with private data.
All looks GDPR-compliant.
http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A3...
4. When assessing whether consent is freely given, utmost account shall be taken of whether, inter alia, the performance of a contract, including the provision of a service, is conditional on consent to the processing of personal data that is not necessary for the performance of that contract.
Thats axiomatically impossible. Its the amount of energy required, not nhashes/etc, that disincentivize an attacker from rewriting history.
Whats the problem ?
States do not exist over capitalism but under it. States competing for tax money is capitalism working perfectly, and about time this tax nonsense (or atleast overcharging productive class) comes to halt.
To give an contrarian opinion, I am extremely happy that states are finally made to work for the money.
I know its offtopic, but GDPR calculates based on global revenue.
Nations are supposed to respect each others decisions. Both are USA companies and USA is ok with this practice, why does EU disrespect USA's stance ?
If supplier only needed few % sales from Apple, then Apple could have just given them money for other reasons (funding etc). Thus no loss of choice for consumers. This case is simply money grab.
If those % of sales are not enough, then supplier dies. Loss of choice but now due to legal means.