Don't Fall For The Social Credit Scoring System Trojan Horse
Mastercard is part of a larger effort to introduce social credit scoring under the guise of ESG concerns. Bitcoin fixes this.The below is a direct excerpt of Marty's Bent Issue #1081: "Dystopia watch." Sign up for the newsletter here. Here is something to keep an eye on as calls for "climate action" and pressure to meet arbitrary "ESG standards" heat up; credit cards with a carbon limit. In 2019 Mastercard rolled out the "Doconomy card" in an effort to provide carbon impact conscious individuals with a credit card that would prevent them from spending money if they went over a....
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It is important to note this Trojan Horse has not infected any specific Bitcoin wallet or payment system at the time of writing, as it seems tailored towards affecting individual Windows users only. Bitcoin users always need to be on their toes when accessing their wallet or completing payments. A recent statement by BitPay shows how some purchases have been affected by a Trojan Horse, called Coinbitclip. When dealing with Bitcoin transactions, most users tend to rely on the clipboard service of their device to fill in a recipient address. For computer users, Ctrl+c and Ctrl+V action is....
In a recent report, Cred Protocol just disclosed its first credit scores for decentralized finance users. The protocol is a decentralized credit scoring startup based on the Aave Protocol. Cred Protocol is headquartered in San Francisco and runs with a team of 9 personnel. The firm operates with part of the goal of making decentralized […]
While bitcoin is powerful Number Go Up technology that appeals to self interest, it’s also creating fortresses against authority in cyberspace.
Horse racing: the marriage of skillful and diligent care, breeding, and training, with the unbridled spirit of the horse. People have been passionate about horse racing since before our records existed, and it’s no wonder why. Years of dedication by both horse and master lead to a single moment of truth for all to see. […]
Releasing the results of its first credit score on the Aave Protocol, a decentralized credit scoring mechanism called Cred Protocol is set to expand to Compound and MakerDAO. Cred Protocol, a decentralized credit scoring startup has unveiled the results of its first automated credit scoring system for users of decentralized finance (DeFi).Cred Protocol CEO Julian Gay outlined the results in a Twitter thread, which showed how Cred successfully utilized past transaction behavior on the Aave protocol to assess the creditworthiness of future borrowers based on on-chain behavior in the DeFi....