161–170 of 247 posts
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Ok, I’ll indulge you. What is the 2+2=4 for you that you are prevented from saying?
Lol - it turns out it's some antivax conspiracy nonsense that was flagged to death yesterday: https://news.ycombinator.com/item?id=28275671 Orwell indeed.
Wrong, that was Kafkaesque.
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>Can an autonomous bot on some smart contract have a credit score? Why is credit a privilege only humans can enjoy? companies and even countries can have credit scores, so it's not something that "only humans can enjoy". >We should be able to spool up a persistent pseudonym that can have a credit score based solely on its selectively disclosed transaction history since inception. Part of what gives credit scores valu…
The reason I'm keen about pseudonyms is because by detaching real-world identities from credit requirements, we can greatly improve access to finance. If new pseudonyms are treated with extreme suspicion then so be it, but there should be a way for the pseudonym to progress from there solely through transactional behavior. Even if the amount of credit the market becomes comfortable with through this scheme is $100, t…
Well of course! The real question is: what shouldn't impact your credit score? Any information you consume could potentially impact your ability to repay a debt - if you read the wrong book, see the wrong movie, visit the wrong person, any of these events could change your mind, and make you a less reliable credit risk. Reading the wrong web resources is a natural extension. (Because the actually crazy people have ki…
AFAIK, there are reporting systems in place at Libraries that flag your account if you check out media that is considered "not good." https://en.wikipedia.org/wiki/Library_Awareness_Program I ran into this myself, in my High-school Library and I'm sure may other children may have as well. Not per se a social credit system, but, how different is it? One org/database, interpreted by people of org and then a similar eno…
Somehow I have a feeling that each passing day, things are getting tighter and tighter and private corporation and government institutions are getting more controlling and totalitarian. That feeling like slowly being boiled into 1984.
A better conversation is whether IMF/credit scores deserve to exist in the first place. Didn't these geniuses JUST add field-specific search to SWIFT, so orders for "cubanos" don't get held up because of Cuba sanctions? Maybe these clueless old men should stick to what they know - mountains of physical paperwork and pointless policies and procedures, and stay away from anything that uses electricity or internet. Bitc…
Living in country where we don't have credit score it always seemed massive black box with very strange incentives... Here the loaning is based on income, other loans and possibly registry of past failed payments. I'm not really sure if more than last one is needed, maybe some overall registry of how much money single person has lend and what part is unguaranteed of it...
From the IMF blog post[1]: > Even a well-paid expatriate moving to the United States can be caught in the conundrum of not getting a credit card for lack of credit record, and not having a credit record for lack of credit cards. > Fintech resolves the dilemma by tapping various nonfinancial data: the type of browser and hardware used to access the internet, the history of online searches and purchases. I enjoy the fr…
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The fact that the IMF thinks your choice of operating system should impact your creditworthiness is something I've been warning people about for months because it shows why we need cosmopolitan software. Since it's nice to have the ability to pick up and move our apps elsewhere should we discover we're using the "wrong" one. Because political winds change, but good engineering endures. https://github.com/jart/cosmopo…
> The fact that the IMF thinks your choice of operating system should impact your creditworthiness is something At some point in the past or maybe in another universe, a well known accommodation booking site might or might not have been offering better rates to people using Linux than OSX. Not confirmed, obviously.
BTW, I also believe that flight prices magically increase on iOS...
Maybe instead of taking even more of our personal data, they should worry about fixing the algorithm they run on the data they already have. For example, paying off an auto loan shouldn't make your credit score drop 60 points.
Maybe abolish credit scores, because they're only used for evil. They help nobody but the bankers.
Personally, I'd like to have much more control over who can view my credit data and for what purposes.