Charles-Tim (OP)
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October 30, 2020, 05:40:37 PM |
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I am confused about Huawei, I do not understand why they want to launch a phone integrated with wallet for China’s central bank digital currency, the digital yuan. This is a clear evidence that the Chinese company is truly working with Chinese governments as claimed by US, this is distinct and obvious. Check the news below https://cointelegraph.com/news/new-huawei-smartphone-will-feature-a-hardware-wallet-for-digital-yuanHuawei has announced that its forthcoming Mate40 smartphone series will include an integrated hardware wallet for China’s central bank digital currency, the digital yuan. This will be the first smartphone to feature such a wallet, according to an official Huawei post on Chinese microblogging website Weibo on Oct. 30. The post also promises that users will be able to control and protect their anonymity and perform dual offline transactions. These enable mobile phone users to transfer funds simply by touching their devices together, even if both are offline. “#HuaweiMate40# series is the first smartphone that supports digital RMB hardware wallet, hardware-level security, controllable anonymity protection, dual offline transactions, bringing a new safe and convenient payment experience.” Huawei is also offering a free Mate40 Pro to the Weibo user who forwards the post to the most people. The Mate40 is the first Huawei smartphone to utilize 5nm chip technology, as recently debuted on Apple’s iPhone 12. The technology allows billions more transistors to be packed onto a single chip, significantly increasing the potential power. However, due to the ongoing trade war between the United States and China, Huawei will be unable to acquire or make more of its Kirin 9000 processors once its current stockpile runs out. China’s digital yuan is reportedly already in the testing stages, as several countries vie to be the first to launch a CBDC. As Cointelegraph reported, one of the major drivers behind China’s accelerated development of its digital currency is to act against the influence of the U.S. dollar in global trade. Legally, China does not accept any social media app or platform in their country, they do not legalize cryptocurrencies, and still they are working towards creating their own cryptocurrency which will be centralized, and also making moves to weaken the influence of the U.S. dollar in global trade. China wants to be more centralized, acquiring power in a way the world will later depend on them. Why not decentralized cryptocurrencies like bitcoin Huawei should support because companies supposedly not to be bias, why already creating a phone that will support digital yuan that is not already created yet?
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Coyster
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October 30, 2020, 05:59:48 PM |
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Why not decentralized cryptocurrencies like bitcoin Huawei should support because companies supposedly not to be bias, why already creating a phone that will support digital yuan that is not already created yet?
It's of course clear why China/ Huawei will not support dex cryptocurrecy like Bitcoin, but instead the digital Yuan which they can control, China is a country that loves to dictate things for their citizens and monitor their online activities, and I'm sure that's what they are doing with this move in collaboration with Huawei, I wouldn't advice any dex crypto user to use this device to hold their Bitcoins, they could be monitored by China if they do so, and their funds could prolly be in danger. CBDC's are more of a competition, so China are yet taking another step they feel will take them higher than the U.S. in quite a lot of things, for one, it's centralized, and that means the government just want to manipulate it for their good, not for the ease, convenience or profits of the users.
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jackg
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October 30, 2020, 06:05:52 PM |
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Isn't it kinda normal for a company to be sponsored by a government to provide something? China, the EU and the US all want to be able to control the Internet. Also the US make chips? I thought it was mainly the UK and Japan still...
Also no one's paying for crypto adoption and it probably wouldn't be hard for someone to add this feature to bitcoin, especially on the light Ing network it'd just use nfc like tap (contactless).
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Upgrade00
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October 30, 2020, 06:28:43 PM |
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It would be possible for a developer to get a smart phone company to integrate a product into their design, techno for example runs default apps peculiar to a particular country. So, a nation doing this with their centralized currency is not much of a surprise, neither does it validate the claims of data theft by China made by the U.S (I'm not saying those claims are false either). Also the US make chips? I thought it was mainly the UK and Japan still...
I believe it's the software which China gets from US. Huawei has its own chip designing factory; Hisilicon, but they are dependent on U.S technology to create this product (Kirin 9000 processor) and due to restrictions on trade between both countries it would be impossible for then to make more designs; In 2020, the U.S. instituted rules that require American firms providing certain equipment to HiSilicon or non-American firms who use American technologies that supply HiSilicon to have licenses and Huawei announced it will stop producing its Kirin chipset from September 15, 2020 onwards.
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stompix
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October 30, 2020, 06:47:54 PM Last edit: October 30, 2020, 08:04:12 PM by stompix |
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Why not decentralized cryptocurrencies like bitcoin Huawei should support because companies supposedly not to be bias,
Lol at the not biased part. Lol! You know that Huawey started a serious company years after it was founded mainly on contracts with the army, then building upon credits from the national bank and even to this moment nobody knows for sure who owns what shares in it, with most considering the CCP being the true and only owner. Biased? No, it's not a biased company it's a company that has can have only one purpose and no point of view, and that is decided by the CCP. China wants to be more centralized, acquiring power in a way the world will later depend on them.
And you're surprised by that? Also the US make chips? I thought it was mainly the UK and Japan still...
You mean as an American company or by location where those chips are produced? It's still Intel and Qualcomm and Nvidia, and anyhow the leader manufacturers is TMSC which is Taiwanese. Btw, since you mentioned the UK, if you're referring to ARM they are only designing, they don't manufacture. LE: Yeah, I always mistake those two, I always think it was AMD that got sold.
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jackg
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October 30, 2020, 06:55:53 PM |
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Why not decentralized cryptocurrencies like bitcoin Huawei should support because companies supposedly not to be bias,
Lol at the not biased part. Lol! You know that Huawey started a serious company years after it was founded mainly on contracts with the army, then building upon credits from the national bank and even to this moment nobody knows for sure who owns what shares in it, with most considering the CCP being the true and only owner. Biased? No, it's not a biased company it's a company that has can have only one purpose and no point of view, and that is decided by the CCP. Also the US make chips? I thought it was mainly the UK and Japan still...
You mean as an American company or by location where those chips are produced? It's still Intel and Qualcomm and Nvidia, and anyhow the leader manufacturers is TMSC which is Taiwanese. Btw, since you mentioned the UK, if you're referring to ARM they are only designing, they don't manufacture. A lot of tech companies are sponsored by the state. Afaik tesla got a $500k grant from the US government at some point... Most universities/colleges in Europe are publicly owned and in some form of state sponsorship too. And I meant any involvement whatsoever, I thought nvifia had been sold to Japan I suppose it could still have a cross border relationship with the US...
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jossiel
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October 30, 2020, 10:32:57 PM |
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AFAIK.
There's a rule that any Chinese company should cooperate with their government in terms of data collection if they had to. If the government asks them to get data that they've gathered from the products that they've supplied all over the world, Huawei or any Chinese company just have to give it to them without any demands.
In short, most or let's say that all of the Chinese companies are cooperating with their government.
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Artemis3
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October 31, 2020, 05:15:02 AM |
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AFAIK.
There's a rule that any Chinese company should cooperate with their government in terms of data collection if they had to. If the government asks them to get data that they've gathered from the products that they've supplied all over the world, Huawei or any Chinese company just have to give it to them without any demands.
In short, most or let's say that all of the Chinese companies are cooperating with their government.
Just like the USA with their NSA gag orders. Any American company that gets this order has to do the same: share data or allow them to install tapping devices, and most importantly, keep absolutely quiet about it. But at least they can charge some fee for the service... You can have all the social media and platforms you like in China, provided you obey their rules. This usually means all technological means to stop the spread of any anti gov messages of any kind, so if your app has filters and can quickly take action to suppress any inadequate sentiment against the gov, you can probably operate just fine. Now Americans get a bit outraged, assuming there is such thing as freedom everywhere, but there isn't, not even in their own country. Only difference is the amount of it. Consider China like some monarchy, talking against the monarchy in a monarchic country is forbidden period. In fact China was exactly like that for thousands of years, in a way, they simply continue their ancestors traditions. So once you get over the fact that, there is zero political freedoms in China and that you must do everything to keep it that way if you want to operate there, then sure enough you can. If you willingly offer them technological expertise and knowledge, even more. If anything, China is more sincere about it. Americans think they are different but they are not, at least not regarding privacy. You think your laws protect you because the NSA isn't supposed to collect data on Americans, but they have to for the surveillance to work. There is no way around it, you record it all, and then IF there is a legal issue, filter it later. Tho they are very likely excepted under national security rules. Of course it doesn't end there, many countries spy each other and their own citizens and anybody else they can. Why would Huawei defy their gov? You think Google can actually reject the NSA? They can't either. One of the reasons data mining is profitable to some US companies, is that they also get tax paid money from it, and its not like they can refuse it either. Anything you use, unless fully open sourced, you can assume is spying on you. Maybe you can choose the country at best, but that won't save you when third parties exploit those backdoors, even if you trust country a, doesn't mean country b won't benefit (or criminal organization c). Many people here don't even bother with using open source software, imagine trying to convince them to use open source hardware... Use both if you truly care.
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Fortify
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October 31, 2020, 12:35:02 PM |
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The original post doesn't make any sense. I think it is obvious that the CCP has absolute control over every single Chinese based company. However the idea that a Chinese based company would not use a Chinese currency is as ridiculous as suggesting that an American company is directly controlled by the US government because they use the dollar. There are many reasons not to trust Chinese companies, but this seems like a bit of a moot point to be making.
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Renampun
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October 31, 2020, 01:50:46 PM |
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I heard, Since its inception, Huawei is a Chinese government-owned company... the reason why the US was banned Huawei from there was because it was indicated that Huawei was spying on the US. Huawei will always support Digital Yuan and will definitely help grow it.
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Mauser
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October 31, 2020, 06:54:54 PM |
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I am confused about Huawei, I do not understand why they want to launch a phone integrated with wallet for China’s central bank digital currency, the digital yuan. This is a clear evidence that the Chinese company is truly working with Chinese governments as claimed by US, this is distinct and obvious. Check the news below
Why not decentralized cryptocurrencies like bitcoin Huawei should support because companies supposedly not to be bias, why already creating a phone that will support digital yuan that is not already created yet?
I agree with you that it appears as has Huawei strong ties to the Chinese government. The Chinese communist party probably wants to boost the digital yuan. But I don't think that the average investors will fall for such plans. Just because sucha wallet is installed on the phone, doesn't really mean that all the mobile users are going to use the wallet. The main focus of the average crypto investors is in independence from governments and Fiat currencies in my opinion. It would be better for Huawei to use a well established crypto coin like bitcoins for their wallets.
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BIT-BENDER
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October 31, 2020, 07:07:44 PM |
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I heard, Since its inception, Huawei is a Chinese government-owned company... the reason why the US was banned Huawei from there was because it was indicated that Huawei was spying on the US. Huawei will always support Digital Yuan and will definitely help grow it.
I must have missed/not-heard this part of the reason why huawei was banned from the US. Although I don't believe the US would ban huawei because they think its a spying device, rather they where banned because the made a model of their phone so similar with a particular Apple phone model and they took legal actions against that. Are we over-reasoning the whole aim of huawei promoting a chinese crypto-coin, although nothing is over what china can do as far as dominance is concern.
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squatz1
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October 31, 2020, 10:19:29 PM |
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Isn't it kinda normal for a company to be sponsored by a government to provide something? China, the EU and the US all want to be able to control the Internet. Also the US make chips? I thought it was mainly the UK and Japan still...
Also no one's paying for crypto adoption and it probably wouldn't be hard for someone to add this feature to bitcoin, especially on the light Ing network it'd just use nfc like tap (contactless).
I mean, no. There is no company in the US that is as interwoven with the US government to the point that they're being protected against outside market forces. Huawei, OnePlus, TenCent, and the rest of the Chinese company cartel are literally protected by China (I'd go as far as to say sanctioned to be allowed to exist) and they're the only ones who can make products within their market. These companies all unlimited get out of jail free cards and can steal from the rest of the world as they please. They won't be stopped like China, which is commonplace for other countries to do to their own companies for violating IP law. Do us companies get government contracts to do things for the government? Yes. But that's not how Huawei and China operate. Little different over there, lol.
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jossiel
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October 31, 2020, 10:56:02 PM |
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~snip~
This is the reason why USA has banned TikTok as it's a Chinese app and the same thing about products that are gathering data of their users which shall be given to the government if they ask. There are a lot of American users of TikTok and they see it as a threat for the data privacy of their citizens. And the same thing as China, they've banned for a long time US based apps like Facebook. These two countries will always overcome each other in terms of everything that includes supremacy in one market or economy.
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yazher
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November 02, 2020, 03:30:51 AM |
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~snip~
This is the reason why USA has banned TikTok as it's a Chinese app and the same thing about products that are gathering data of their users which shall be given to the government if they ask. There are a lot of American users of TikTok and they see it as a threat for the data privacy of their citizens. And the same thing as China, they've banned for a long time US based apps like Facebook. These two countries will always overcome each other in terms of everything that includes supremacy in one market or economy. I was wondering why are those countries are getting to each other nerve by blocking their two most famous social media in their countries. So this is the main reason? because of data privacy. These two countries are scary in terms of strategy they always got some idea on how to fool people without knowing it. China has known this thing from the start that's why they blocked Facebook from their country. Now that TikTok has been blocked by the USA as well, they will find another strategy to gather data from. A distraction in entertainment clothing, what a clever idea.
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Raytheon
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November 02, 2020, 07:54:17 AM |
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~snip~
This is the reason why USA has banned TikTok as it's a Chinese app and the same thing about products that are gathering data of their users which shall be given to the government if they ask. There are a lot of American users of TikTok and they see it as a threat for the data privacy of their citizens. And the same thing as China, they've banned for a long time US based apps like Facebook. These two countries will always overcome each other in terms of everything that includes supremacy in one market or economy. I was wondering why are those countries are getting to each other nerve by blocking their two most famous social media in their countries. So this is the main reason? because of data privacy. These two countries are scary in terms of strategy they always got some idea on how to fool people without knowing it. China has known this thing from the start that's why they blocked Facebook from their country. Now that TikTok has been blocked by the USA as well, they will find another strategy to gather data from. A distraction in entertainment clothing, what a clever idea. Not exactly. On one hand, China banned Facebook, Twitter, Youtube, Instagram and whatever huge social platforms on mainland (from very long time ago) to push its domestics companies. This is considered an act of Protectionism. In fact, with population of approx 1.5 billion, it's easy for Chinese companies to develop and live well: Weibo, WeChat, QQ, Baidu...etc. On the other hand, prohibiting citizens from accessing outer sources of news or cultures let Chinese government control its country with ease: no act of provocation, no toxic culture to breach into... The US' ban on Tiktok is another story. Data privacy is just part of the reason. Tiktok's rise poses a lot of threats on US social platforms, especially Youtube. Hitting on Tiktok not only frees Youtube from pressure but also weakens China's economy (somehow) and influence.
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Salauddin1994
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November 02, 2020, 08:21:53 AM |
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Huawei which has become a threat to national security in the eyes of the united states has played a central role in the us china trade war in recent years china has retaliated in the wake of us sanctions against huawei thus increasing economic animosity between the two countries. In this case huawei is leading from the front huawei is providing tools to build modern social telecommunication network infrastructure in different countries which has greatly increased their acceptability in the world of technology if a company of its own occupies the top position in the world then it is natural to be proud.
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jossiel
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November 02, 2020, 10:32:55 AM |
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~snip~
This is the reason why USA has banned TikTok as it's a Chinese app and the same thing about products that are gathering data of their users which shall be given to the government if they ask. There are a lot of American users of TikTok and they see it as a threat for the data privacy of their citizens. And the same thing as China, they've banned for a long time US based apps like Facebook. These two countries will always overcome each other in terms of everything that includes supremacy in one market or economy. I was wondering why are those countries are getting to each other nerve by blocking their two most famous social media in their countries. So this is the main reason? because of data privacy. These two countries are scary in terms of strategy they always got some idea on how to fool people without knowing it. China has known this thing from the start that's why they blocked Facebook from their country. Now that TikTok has been blocked by the USA as well, they will find another strategy to gather data from. A distraction in entertainment clothing, what a clever idea. Raytheon explained of pushing their own IT / social media companies to pursue and own the Chinese market by not allowing a foreign country to dominate in that market. And at the same time, what US is worrying with is due to the spying and gathering of data of their users by China. On the other hand, US is also doing the same thing. They throwing the same knives to each other.
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KingScorpio
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November 05, 2020, 09:04:12 PM |
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i used to love chinese technology especially huawei, and lenovo, but chinas support for racists and neonazis in the west, has changed my mind.
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