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credit score is already a reality in the US, and to my european perspective, that's already aberrant: it's a systematic violation of privacy, and often it's use
by kome 8y ago
credit score is already a reality in the US, and to my european perspective, that's already aberrant: it's a systematic violation of privacy, and often it's used in fields that have nothing to do with credit, like renting or for hiring.
Chinese gov is just perfecting the tool.
- viraptor 8y agoCredit scores exist and are checked in (most of?) Europe as well. Why do you think it's a US thing? It's true that it's not as pervasive, but the bigger the city, the bigger impact it has on renting and other activities.
- duxup 8y agoCredit scores are nothing like the social credit system. I feel like people try so hard to find parallels they minimize systems that are far more evil.
- caprese 8y agoI always get basically ostracized for pointing out that China even copied our No-Fly List, now I’m being mostly facetious criticizing the fact we have one and making fun of how China copies things But Its met with a weird “but hey OUR version was good!” because only people named Muhammad would get accidentally found on the list My world is a lot more collaborative so all parties can be criticized, I dont live in a world where I have to choose sides
- linkregister 8y agoWhere on HN do you see anyone supporting the No Fly List's extremely poor execution? Or even the list's existence at all?
- caprese 8y agoThe consensus on prior mentions conveys a lot about the crowd Low consensus wouldnt be met with explicit responses
- darawk 8y agoLet's not make absurd comparisons. Your credit score in the US is nothing like China's social credit system.
- manfredo 8y agoCredit scores in America are not even remotely close to the kind of app, or China's sesame credit. Credit score is dictated by usage of your lines, how regularly you pay back loans, and whether you've been late or defaulted on debt. It's a numerical function derived from your financial activities - what you do in your private life has nothing to do with it. While it may be uncomfortable knowing there's a number out there tracking how trustworthy financial institutions think you are, they exist for a good reason. Prior to credit scores, getting loans essentially amounted to knowing the right people (and more often than not, being white).
- linkregister 8y agoThe U.S. government has nothing to do with credit scores.