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Title: Credit Rating and Bitcoin. Post by: cbeast on February 07, 2012, 04:38:21 PM Credit bureaus are a major industry. Not just lenders, employers and dating services use them. Building credit establishes your identity and value in Western society by how responsible we are with money. If we make Bitcoin like cash, how will we establish a solid reputation? How will you know who you can trust?
Title: Re: Credit Rating and Bitcoin. Post by: siggy on February 07, 2012, 05:18:55 PM Credit bureaus are a major industry. Not just lenders, employers and dating services use them. Building credit establishes your identity and value in Western society by how responsible we are with money. If we make Bitcoin like cash, how will we establish a solid reputation? How will you know who you can trust? I've been wondering this myself.. simple solution.. we need a bitcoin rating agency.. based not on social security number / address / name /whatever the current CBR's use.. but instead we need to be rated on public addresses. Imagine, you could build up an absolutely stellar credit rating, and still remain mostly anonymous. Sigg Title: Re: Credit Rating and Bitcoin. Post by: MaxSan on February 07, 2012, 05:54:26 PM Yeh address based reputation would be an epic idea.
Title: Re: Credit Rating and Bitcoin. Post by: cbeast on February 08, 2012, 04:18:14 PM The major credit bureaus could adapt to Bitcoin if people were willing to share their BTC addresses with them.
Title: Re: Credit Rating and Bitcoin. Post by: Hawker on February 08, 2012, 06:04:56 PM The major credit bureaus could adapt to Bitcoin if people were willing to share their BTC addresses with them. How do you link a BTC address to a person, let alone to the real estate that is the basis of a good credit score? Surely being totally anonymous is the whole point of this currency ? Title: Re: Credit Rating and Bitcoin. Post by: cbeast on February 08, 2012, 06:10:25 PM The major credit bureaus could adapt to Bitcoin if people were willing to share their BTC addresses with them. How do you link a BTC address to a person, let alone to the real estate that is the basis of a good credit score? Surely being totally anonymous is the whole point of this currency ? Title: Re: Credit Rating and Bitcoin. Post by: Automagic on February 09, 2012, 04:18:32 AM The major credit bureaus could adapt to Bitcoin if people were willing to share their BTC addresses with them. How do you link a BTC address to a person, let alone to the real estate that is the basis of a good credit score? Surely being totally anonymous is the whole point of this currency ? But then you lose the anonymity of the currency which is one of its biggest appeals. If the government can force the credit bureaus to give up people's addresses or if a hacker could steal the information then you are not really anonymous, correct? Title: Re: Credit Rating and Bitcoin. Post by: cbeast on February 09, 2012, 04:55:44 AM The major credit bureaus could adapt to Bitcoin if people were willing to share their BTC addresses with them. How do you link a BTC address to a person, let alone to the real estate that is the basis of a good credit score? Surely being totally anonymous is the whole point of this currency ? But then you lose the anonymity of the currency which is one of its biggest appeals. If the government can force the credit bureaus to give up people's addresses or if a hacker could steal the information then you are not really anonymous, correct? Title: Re: Credit Rating and Bitcoin. Post by: FreeMoney on February 09, 2012, 06:23:00 AM You can send it anywhere in th world in seconds with near 0 tx fees. How is anonymity close to the best feature? Anon can be lost with a simple mistake. Fast, cheap are almost all of the value.
Even most of the 'anon' value isn't from people not being able to figure out who you are it's from you not having to prove it before you use it. My PP has been stuck for months, they know who I am but have some more identity related hoops to jump if I want my money. Title: Re: Credit Rating and Bitcoin. Post by: Vanderbleek on February 09, 2012, 06:36:28 AM The real question is how to make the rating decentralized as well -- if it's peer2peer, what's to stop me from loaning money to my own address, etc?
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