4 ms·
That can be easily faked. Seems susceptible to sybil attacks.
by cowtools 4y ago
That can be easily faked. Seems susceptible to sybil attacks.
- londons_explore 4y agoIt's surprisingly difficult to fake years worth of conversations with family and friends... The loanshark can say "show me the conversation with your boss. Show me the conversation with your mom.". They can cross reference things between the person's memory and the conversations. They can download all the conversations and put them in a database so the same conversation set can't be used to take out another loan. They can also call your contacts to confirm details - ie. 'can you confirm Mary is your daughter? Does she have 2 cats and a dog?'
- bagels 4y agoThey can do that, but are they actually doing that?
- true_religion 4y agoThey would do that if they needed because people were spoofing the system. Or they would do what the traditional banks are doing: avoid lending to people without a proven track multi-year record, physical location to monitor, and assets to hold as collateral for a downpayment. However, I'm curious about one thing. Everyone who suggest spoofing the system for the sake of privacy, do you believe people who do that... will actually also repay the loan they were given? Or would they just use a fake name & commit fraud?
- User23 4y agoEasily is relative. Any defense can be beaten. The question is whether or not it's worth beating it. There's no point in spending a million to crack a safe with a thousand in it. Well, unless you just want to $%^& whoever owns the safe.