Myequifax.com Bypasses Credit Freeze Pin

Re:Myequifax.com Bypasses Credit Freeze Pin by spookthesunset on Friday March 08, 2019 @05:31PM (#19342844)

You can expand that to other systems. For example you can walk onto a city bus in many cities without proof of payment. It is assumed the vast majority of people will have paid by tapping their transit card somewhere, or purchasing and activating some mobile-based e-ticket. Same with many commuter trains. The result is faster more streamlined service for everybody.

I find the cryptocurrency "space" fascinating for reasons like this. Because cryptocurrency gets rid of so many of societies long-evolved backstops, it is a perfect demonstration of why our society is structured the way it is and shows exactly what happens when we remove many of its features (eg: removing "trust" is very expensive).

[ Parent | on HN ]

Re:Myequifax.com Bypasses Credit Freeze Pin by athenot on Friday March 08, 2019 @08:22PM (#19343855)

I was initially taken aback by Moscow's gates for the subway but in restrospect they make sense and fit that model. They are (were?) gates that default to open, and stay open if you insert the token/pass. Otherwise they slam shut right in front of you. During rush hour, it's brilliantly simple as the gates just stay open as people pass through. (As a tourist, it was more "interesting" to get the occasional misfire and have it slam right in front of my legs, but that's a different story.)

[ Parent | on HN ]