Crypto’s 1907 Moment

2022-11-2 18:42

Financial stability ultimately depends on the trustworthiness of people, not the reliability of technology.

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trustworthiness people technology reliability moment 1907 financial

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Credit scores are in desperate need of a high-tech overhaul

Since 1989, people and businesses in the United States have relied on the FICO credit score as an indication of trustworthiness for any given person. Reported by each of three major credit bureaus, a person’s score can be calculated based on their payment history, their current debt burden, the length of their credit history, the types of credit used, and a handful of other factors.

2018-12-22 22:01