250 karma · joined January 30, 2011
How much "discrimination" will be good enough in the end? I'll tell you what the endgame is: no discrimination at all, everybody gets a loan. So, in other words, no loans at all because nobody would conduct business in those conditions.
Here's the big fallacy: "the two groups have different thresholds, meaning they are held to different standards." They are not held to different standards because they're different groups, but because of other reasons that indicate different loan default rates. So you cannot call this "discrimination". This is how things should be.
In practice Zcash/zcoin (different tradeoffs) are of no use to you unless you are willing to go the extra mile to hide something (criminal activities and such). There's no point in paying for the extra effort for normal transactions.
Anyway, there are many more obvious use cases. Other apps/games/services that need to detect faces or filter out porn and so on. Imagine a dating site that estimates age and more based on photos, while also filtering out NSFW images.
There are no mistakes here. The idiot kid wanted publicity at any cost, the idiot parents want to give the kid everything he wants and Google doesn't want any more hostile propaganda in Europe.
Fixed that for you ;)
Ugh, this US/China dichotomy makes for good headlines but I hope the good people of the actual tech industry are able to see beyond it. The supporting examples are ripe with confirmation bias: - Yes, MoMo is older than Tinder but Badoo is older than MoMo - Drones took off worldwide - "walkie-talkie" = sending audio messages are you kidding me - QR codes were tried and not adopted by consumers in EU a century ago (recall the Economist being all up in arms about how they were going to revolutionize everything back in 08), no wonder companies were reluctant to bring them back
Yes, Messenger surely wants to become wx but with a user base that's infinitely more fragmented -- it's going to take infinitely longer to launch a global payments solution that partners with all banks everywhere and obeys all regulations.
You know why apps start in wx? Because there is no single app store.
Yes -- China has some awesome mobile stuff going on, but this whole "TIL Chinese people also use the internet and it has other stuff???" fascination is just sad.
Besides, Venezuela considers itself socialist. "21st century socialism", they proudly named it.