[Retransmission. Due to periodic problems with lne.com, I started sending my messages to ssz.com a few days ago. Alas, ssz.com has had an outage. Hence these retransmissions. Sorry for any dupes.] Begin forwarded message:
From: Tim May <tcmay@got.net> Date: Tue Dec 04, 2001 08:56:01 AM US/Pacific To: cypherpunks@einstein.ssz.com Subject: Re: Reputation capital
On Tuesday, December 4, 2001, at 05:28 AM, Marcel Popescu wrote:
I think all this stuff about reputations is being solved pretty neatly by the credit bureaus... up to getting scalars on people / companies.
Mark
This is naive. Credit bureaus handle only a particular class of reputations, certain types of credit-worthiness, and then with well-documented deep flaws:
-- regulation by government
-- "Fair Credit Reporting Act" forbids them from "remembering" certain classes of defaults and welshings
-- lack of competition (the Three use the same precise standards)
If you are rejoining the discussions after a long absence, you need to get up to speed.
--Tim May "The Constitution is a radical document...it is the job of the government to rein in people's rights." --President William J. Clinton
--Tim May "That government is best which governs not at all." --Henry David Thoreau