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>The entire banking system would be automated. There would be no cash in the start-up country. You wouldn't need to "apply" for a loan because the virtual bank
by quanticle 16y ago
>The entire banking system would be automated. There would be no cash in the start-up country. You wouldn't need to "apply" for a loan because the virtual bank would always have a current notion of your credit-worthiness.
Am I the only one who is even slightly troubled by the fact that individuals could essentially be tracked in real time as a result of this technology? I mean the Stasi would have loved to have this level of information about their citizens' activities.
- lincolnq 16y agoI know very little about cryptography, but it seems like it would be possible to construct a system where you authorize the bank to learn only those details of your credit history which are relevant to its decision.