Where the vetting mechanism fails, the system fails. This has happened in countless instances from the current financial crisis to nearly every product, market, environmental calamity, or political failure in recorded history – the referees who were supposed to keep their eye on the ball, did not. Likewise, where a vetting mechanism is effective, the system is efficient.
Posts Tagged ‘credit score’
Fighting Terrorism With Social Currency
Submitted by Dan January 11th, 2010 - 01:00. No Comments »
Should a social currency credit score become imperative to social transactions as the financial credit score is for financial transactions?
USocial = SUPER SPAM
Submitted by Dan November 23rd, 2009 - 02:00. No Comments »
USocial is now going after YouTube. These clever guy and gals have figured out a way to bypass the democracy of social media to bring is a new form of merchant class capitalism…SUPER SPAM. For a small fee, you can get your message to the head of the line – in effect pushing the rest backwards. Presumably for a bigger fee, you can get ahead of those who paid a smaller fee, and so forth.
Is the Credit Score Archaic to Social Media?
Submitted by Dan November 6th, 2009 - 13:00. 1 Comment »
If don’t need credit ratings for corporate bond issues, do they need credit ratings for people? What if all of these institutions adopt a social network based credit score? What would that look like? Social media by and large rewards high integrity and punishes low integrity.
