nomay | 2 years ago | on: De-dollarization is happening at a ‘stunning’ pace
nomay's comments
nomay | 3 years ago | on: Leaving China
nomay | 3 years ago | on: Leaving China
nomay | 3 years ago | on: Leaving China
That’s a good 2 whole years on a roll, no matter how illogical it seemed, it worked.
Until spring 2022, from where it lost control.
nomay | 3 years ago | on: U.S. Pushes for TikTok Sale to Resolve National Security Concerns
nomay | 3 years ago | on: SVB shows that there are few libertarians in a financial foxhole
nomay | 3 years ago | on: U.S. military shoots down suspected Chinese surveillance balloon
nomay | 3 years ago | on: Amazon has radically transformed small businesses in both the U.S. and China
The profits maybe not be that big, but big enough to drive a skeleton team, make a small fortune. One item with $500 a day in revenue can let you make more money than a typical coder.
nomay | 3 years ago | on: Jack Ma flees to Tokyo
nomay | 3 years ago | on: Jack Ma flees to Tokyo
The principle is simple for any entity (and a wild west capitalism stint too), when the party need you, you give them your best, and when they don't, according to their grand plan, you must sacrifice without a word.
Nothing is more important than the safety of the party and the ruling class.
nomay | 3 years ago | on: A Chinese American gangster transformed money laundering for drug cartels
nomay | 3 years ago | on: A Chinese American gangster transformed money laundering for drug cartels
Now that the credit tsunami looks to inexorablly ebb under its own weight, a looming population implosion, the party will have to prevent a collective cashing-out from the speculators they once rolled out the red carpet for. esp. in the form of offshore currency.
By trapping them in, to keep people from panic dumping.
nomay | 3 years ago | on: Super apps are proliferating across emerging markets
You can live perfectly fine without it before, buy you simply can't legally live in China without a working, updated and ready-to-open WeChat now, since last year.
The CCP also did their whole national census on a WeChat applet, it's the defacto governing tool.
nomay | 3 years ago | on: Super apps are proliferating across emerging markets
So I guess you should just keep your mouth shut other than harmonious online activities to avoid that doomsday situation, like me, I never use WeChat or Weibo to do anything other than keeping in basic touch, since you don't know which mundane word would become sensitive, trigger the censors and get you banned, there's no appeal.
nomay | 3 years ago | on: Super apps are proliferating across emerging markets
So this situation almost made their platform mentality an inevitabily, now they only need to define a set of principles for then to be a mobile OS.
I'd say their applet thing can do 99% of the things a standalone app could, but the development speed , reach and functionality you can get is unmatched, best of all, it's the one true unified cross platform OS: on Android, iOS and Windows, but Chinese market only.
So it's not a super app, it's a mobile OS.
nomay | 3 years ago | on: SpaceX, T-Mobile to connect satellites to cellphones in remote areas
nomay | 3 years ago | on: Korea shatters its own record for world’s lowest fertility rate
It's state-owned condo cartel, naturally, prices just keep skyrocketing, hence the "6 wallets for a down payment (the couple and their parents)" meme, but they'll just blame the greedy capitalist developers like Evergrande.
So combining the two factors, buying at least one condo is a prerequisite for marriage now.
nomay | 3 years ago | on: Korea shatters its own record for world’s lowest fertility rate
Many provinces are barely scraping by, young workers are not only effectively directly supporting pensioners, they are now delaying young workers retirement age, and you better not believe the old folks will willing to eat into their own money.
nomay | 3 years ago | on: Korea shatters its own record for world’s lowest fertility rate
nomay | 3 years ago | on: Can the Visa-Mastercard duopoly be broken?
And $2500 dispute fee for each order deemed against their Acceptable Use Policy.