And here we have the building blocks of ‘Global Social Cred…

Is that supposed to be a bad thing? Twetch is the beginnings of ‘Global Social Credit Score’. But way smarter than China for two reasons, the free market for scoring, and the idea of scoring interactions first, and letting the effects flow onto people.

Should you be prohibited from traveling freely as a result?

Do you feel the US Credit System is completely ethical?

In what ways is it limited (or enhanced) by the free market?

Is prohibition of future freedom as a result of ‘social worth’ ethical?

𝘈𝘴𝘬𝘪𝘯𝘨 𝘵𝘩𝘦𝘴𝘦 𝘧𝘳𝘰𝘮 𝘢 𝘚𝘰𝘤𝘳𝘢𝘵𝘪𝘤 𝘱𝘦𝘳𝘴𝘱𝘦𝘤𝘵𝘪𝘷𝘦.

I think this discussion is important and has more facets than most arguments and sentiment are narrowly reduced and/or managed into.

*massaged into. 🤦🏽‍♂️

I'm not sure what you mean by US credit system, aside from the banking system which I'm sure we all object to (hence bitcoin). I don't wanna argue in circle about restricting freedom vs not providing opportunities, but reputations oughta have consequences

There are a few things I mean by the credit system, I suppose. (Yes, some of those are tied to the banking system.)

One aspect is the relinquishment of so much personal data to third parties. Using biased algorithms to ‘sort’ people. Data breaches abound.

Should you be allowed to ban somewhat who might have a plague from entering your house? How about closing off your town to outsiders? What if every single townsperson agrees? What if each town decides? That's government power, but it's localist

This raises a good point, one I think often missed or glossed-over: That a ‘vote by money’ is ultimately different than a ‘vote by right’.

Now, you might say this problem is exacerbated by the nature of inflationary fiat, but rights are inalienable.

I don’t want to BE argumentative, either.

I’m not sure I have a solidified perspective, or rather, maybe I’m not sure there should be ‘one’, even.

I do agree with the sentiment of the negative cases that are ‘more universal’.

It’s the grey area I 🤔.

Another is that as so much of the economy shifts to service providers, consumers + workers are nickel + dimed more and more; paycheck to paycheck.

For consumers with no or ‘bad’ credit, they ultimately pay more for everything as they are squeezed by APR.

How much is ‘banking’ vs how much is ‘sleazy business practices’ vs ‘smart leveraged contracts’?

The lines become fuzzy pretty quickly - there are intelligent people at all levels working all these angles, too, “doing God’s work”. (ie: Lloyd Blankfein)

Most really smart nerds don't know what to work on and are easily misled by incentives. Perverse incentives, bailouts, etc.. abound. But there are some really cool "Big Short" types, see NNT, Mark Gorton, etc..