No Party may require a service supplier, as a condition for supplying a service or investing in its territory, to: (a) use computing facilities located in the Partys territory.
This is an anti-protectionism clause.
I'm a service supplier, I help indie authors format their books so they're ready to publish on Amazon and elsewhere. It's all digital. This is 2015, I can easily work with people around the world. I'm in the US, one of my clients is in Dubai. It looks like I'm about to gain a new client in France. Why should that person who wants to use my service be denied that, and why should I be denied the opportunity to provide that service, simply because I don't use computing facilities in France (or Germany, or whatever other country wanted to impose such a condition)?
From a libertarian perspective, government should get out of the way of peaceful transactions between consenting adults (whatever those transactions may be).
Screw national "sovereignty" how about
individual sovereignty? Saying "you must use our computing facilities to do business here" is like saying "you must use our currency to do business here" -- not something I'd expect to see support for on a Bitcoin-focused forum! It's statist bullshit, to put it bluntly.
Are there privacy implications? There might be. And I agree that this is not the kind of discussion that should be done in haste and in private. But at least with respect to giving individuals the ability to do business without protectionist governments getting in the way, I'm all for it.
You are all for a secret contract made by people who do not respect you as a person because you'll get one new client for your book in france and another one in dubai? "Screw national sovereignty" you say. OK. So your book is a big success in dubai because it is critical of how they abuse their migrant workers. Now dubai is not happy about that and wants you to travel to their court and face their justice system. Because of some secret deal made in that secret contract the US and dubai sovereignty are now equal. The concept of an extradition is no more as we all are living in a village... Would you still call for help?
The thing is we do not know what they are putting in this "contract". No one can be sad or happy yet. Although wouldn't it be more prudent to be skeptical of people who deal in secret; deals that will change your