American companies are scared their data might land in china and copied. This is only news in that the US is turning into the same crazy police state that we've thought was limited to china and north korea.
Pozican writes: I/O accelerator company SocialVision, purveyors of white-label “Viewing Party” software today launch YouTubeSocial as their first consumer facing product. Similar to Clipsync, YouTubeSocial combines Facebook’s Social Graph with IM-like chatting capabilities and people’s insatiable desire to view video content online.
Public keys are public...
So if you can decrypt the data, you are probably using a public key.
Now if we used a public AND private key we'd be in business. Unfortunately, now everyone needs your private key; doesn't that make it public?