3 ms·

This whole credit tracking industry is so unconstitutional it's crazy. I hope that this awakens people to the fact that their identities and personal data _shou

This whole credit tracking industry is so unconstitutional it's crazy. I hope that this awakens people to the fact that their identities and personal data _should_ be theirs, and that they should fight tooth and nail to grant access to it. Centralizing information such as this is a "single-point-of-failure", or it is in spirit. I wish I had suggestions, but feel the something like a blockchain or other ledger is a step in the right direction. This Ted talk on the subject is interesting https://www.ted.com/talks/don_tapscott_how_the_blockchain_is_changing_money_and_business https://www.ted.com/talks/don_tapscott_how_the_blockchain_is...

SilasX 9y ago
Where are you getting "unconstitutional"? A private organization remembers credit related events and reports them to lenders. I can understand pragmatic reasons to regulate exactly how they can go about that, but I don't see the connection to the Constitution.
- mrskitch 9y ago
  Probably a little over reacted on my part. Perhaps better said as un-American? Just seems to fly in the face of a lot ideologies folks here stand for.
  - anotherproj 9y ago
    Like what?
acdha 9y ago
What value does a blockchain add? Beyond the obvious problems with privacy, the problem isn’t that there’s trouble getting personal info but rather two areas without effective corrective pressure: there isn’t an effective check on mistakes or a way to force errors to be corrected, and large financial organizations have successfully conned most of us into thinking that the cost for their failure to authenticate someone shouldn’t be their responsibility. A blockchain has no to negative value for the first problem – immutability means you'd need a way to force everyone to honor delete/update records — and since the whole point is not being anonymous, there’s no value for the second problem beyond what PKI does except that PKI has well-understood ways to deal with a compromise and the blockchain community is still working on the problem.

SilasX 9y ago

Where are you getting "unconstitutional"? A private organization remembers credit related events and reports them to lenders. I can understand pragmatic reasons to regulate exactly how they can go about that, but I don't see the connection to the Constitution.

mrskitch 9y ago
Probably a little over reacted on my part. Perhaps better said as un-American? Just seems to fly in the face of a lot ideologies folks here stand for.
- anotherproj 9y ago
  Like what?

acdha 9y ago

What value does a blockchain add? Beyond the obvious problems with privacy, the problem isn’t that there’s trouble getting personal info but rather two areas without effective corrective pressure: there isn’t an effective check on mistakes or a way to force errors to be corrected, and large financial organizations have successfully conned most of us into thinking that the cost for their failure to authenticate someone shouldn’t be their responsibility. A blockchain has no to negative value for the first problem – immutability means you'd need a way to force everyone to honor delete/update records — and since the whole point is not being anonymous, there’s no value for the second problem beyond what PKI does except that PKI has well-understood ways to deal with a compromise and the blockchain community is still working on the problem.