Re:IMF working paper suggests using browsing history in cred...
by tzs on Tuesday August 24, 2021 @10:13AM
(#28289100)
> Bitcon/DeFi will render them obsolete in a few years' time anyway.
(I am assuming "Bitcon" is a typo for "Bitcoin" rather than some new cryptocurrency or blockchain thing I have not heard of).
This reminds me of a question someone once asked Miss Manners:
> Dear Miss Manners:
> Don't you think that nowadays, in modern life, the old-fashioned custom of the condolence call is out of date?
> Gentle Reader:
> Why it that? Is it because people don't die anymore, or is it because the bereaved no longer need the comfort of their friends? Miss Manners is always interested in hearing about how life has been improved by modern thinking or technology.
People lending money via Bitcoin/DeFi or any other mechanism now or in the future are still going to want a way to estimate the risks that the borrower will be able to pay back the loan on schedule.
(I am assuming "Bitcon" is a typo for "Bitcoin" rather than some new cryptocurrency or blockchain thing I have not heard of).
This reminds me of a question someone once asked Miss Manners:
> Dear Miss Manners:
> Don't you think that nowadays, in modern life, the old-fashioned custom of the condolence call is out of date?
> Gentle Reader:
> Why it that? Is it because people don't die anymore, or is it because the bereaved no longer need the comfort of their friends? Miss Manners is always interested in hearing about how life has been improved by modern thinking or technology.
People lending money via Bitcoin/DeFi or any other mechanism now or in the future are still going to want a way to estimate the risks that the borrower will be able to pay back the loan on schedule.