3 ms·

This sounds like blockchain could have application. But honestly, other countries do fine without them, IMO they should just be abolished.

• Pxtl 9y ago
  A blockchain is public. You want everybody's credit public?
  • bga 9y ago
    No, blockchains are magic technology that makes money appear out of nowhere and hides all activity from evildoers.
  • andrewjl 9y ago
    The data isn't public if it's in encrypted form. When you apply for credit, you'd decrypt it with your own private key and re-encrypt it with the creditors private key and send it to the creditor, they would then decrypt privately, process the application, and discard the data.
    • sokoloff 9y ago
      > you'd decrypt it with your own private key and re-encrypt it with the creditors private key and send it to the creditor Creditor's public key, not private key.
      • andrewjl 9y ago
        Yes, goofed on that one.
• supermdguy 9y ago
  Well, ethereum doesn't exactly have that good of a security record.