People calling it a credit score are missing the whole point...
Credit scores are used when you work with a bank to obtain a line of credit ($1000s) but not for every transaction.
Imagine not being able to book a First Class plane ticket bc your score isn't high enough.
Imagine not being able to book a ticket at all...
Then imagine that there is a government with enough influence out there to forcibly tank your score if you start acting against the interest of said government.
The problem isn't how the score is supposedly compiled, it's the centralization of authority on how and where you're allowed to interact with the economy, and spend your fiat.
addisonhammer / Addison Hammer
npub1th…zcj27
2023-04-23 14:58:14
in reply to nevent1q…pskw
Author Public Key
npub1thhlwqfy8aar8gwpwglqe8d6nhc6vnk96twjp289z7ts5ngc4r0snzcj27Published at
2023-04-23 14:58:14Event JSON
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"content": "People calling it a credit score are missing the whole point... \n\nCredit scores are used when you work with a bank to obtain a line of credit ($1000s) but not for every transaction. \nImagine not being able to book a First Class plane ticket bc your score isn't high enough. \nImagine not being able to book a ticket at all...\n\nThen imagine that there is a government with enough influence out there to forcibly tank your score if you start acting against the interest of said government.\n\nThe problem isn't how the score is supposedly compiled, it's the centralization of authority on how and where you're allowed to interact with the economy, and spend your fiat.",
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