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> They profit from my data. I want my cut. You get your cut when you apply for cheap, fast credit and get it. > There are alternatives to (economic) slavery a

> They profit from my data. I want my cut. You get your cut when you apply for cheap, fast credit and get it. > There are alternatives to (economic) slavery and death. How is any of this "slavery and death"? So instead your proposal is turning it over to the government? Interesting.

deleted 7y ago
[deleted]
specialist 7y ago
Apologies. I was so focused on explaining common sense and advocating my basic human rights that I missed your straw man. I regret the oversight. My cheap, fast credit comes from my high earnings, high savings, and low burn rate. I receive zero benefit from Equifax (et al). They, however, benefit from my data. My data is me. Anyone profiting from my data owes me my cut. Further, aggregating and warehousing my data is done on the expectation of future profit. So, again, I should get paid. AKA royalties and licensing, respectively.
- g051051 7y ago
  I overlooked your complete immunity to logic and facts. Apologies! > My cheap, fast credit comes from my high earnings, high savings, and low burn rate. I receive zero benefit from Equifax (et al). They, however, benefit from my data. And how would you prove those things to a prospective creditor? > My data is me. Anyone profiting from my data owes me my cut. It's not yours. It's the data that belongs to the credit grantors that provide it to Equifax. > Further, aggregating and warehousing my data is done on the expectation of future profit. So, again, I should get paid. The "future profit" is CRAs establishing themselves as trusted aggregators of this information for their customers, and therefore getting repeat business. And again, it's not your data.
  - specialist 7y ago
    Corporations can patent life (genes), but I can't copyright mine? You trust corporations, but not governments, to maintain a list of liens (unpaid debts)? "It's not yours. It's the data that belongs to the credit grantors..." Who owns your medical history? The lab company? Your care providers? Big Pharma? The hospital IT dept? Is your medical data is yours? Do you have some righteous sovereignty over it, how it's used, who gets to use it? If yes, how are medical and financial data different?
    - g051051 7y ago
      I would be very happy if corporations couldn't patent genes, and if financial data was treated the same way HIPAA data is treated. But the reality is that it's not like that now. And that means convincing lawmakers to change the rules, and that means having an intelligent and informed opinion on the matter. Just to make my position clear: We need a better way of establishing identity. We need tougher standards for credit grantors to use these better standards. We need better control over financial data misuse. The systems we have are insufficient.

deleted 7y ago

[deleted]

specialist 7y ago

Apologies. I was so focused on explaining common sense and advocating my basic human rights that I missed your straw man. I regret the oversight. My cheap, fast credit comes from my high earnings, high savings, and low burn rate. I receive zero benefit from Equifax (et al). They, however, benefit from my data. My data is me. Anyone profiting from my data owes me my cut. Further, aggregating and warehousing my data is done on the expectation of future profit. So, again, I should get paid. AKA royalties and licensing, respectively.

g051051 7y ago
I overlooked your complete immunity to logic and facts. Apologies! > My cheap, fast credit comes from my high earnings, high savings, and low burn rate. I receive zero benefit from Equifax (et al). They, however, benefit from my data. And how would you prove those things to a prospective creditor? > My data is me. Anyone profiting from my data owes me my cut. It's not yours. It's the data that belongs to the credit grantors that provide it to Equifax. > Further, aggregating and warehousing my data is done on the expectation of future profit. So, again, I should get paid. The "future profit" is CRAs establishing themselves as trusted aggregators of this information for their customers, and therefore getting repeat business. And again, it's not your data.
- specialist 7y ago
  Corporations can patent life (genes), but I can't copyright mine? You trust corporations, but not governments, to maintain a list of liens (unpaid debts)? "It's not yours. It's the data that belongs to the credit grantors..." Who owns your medical history? The lab company? Your care providers? Big Pharma? The hospital IT dept? Is your medical data is yours? Do you have some righteous sovereignty over it, how it's used, who gets to use it? If yes, how are medical and financial data different?
  - g051051 7y ago
    I would be very happy if corporations couldn't patent genes, and if financial data was treated the same way HIPAA data is treated. But the reality is that it's not like that now. And that means convincing lawmakers to change the rules, and that means having an intelligent and informed opinion on the matter. Just to make my position clear: We need a better way of establishing identity. We need tougher standards for credit grantors to use these better standards. We need better control over financial data misuse. The systems we have are insufficient.