What PieFed's "social credit system" actually does - PieFed
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Just like Reddit, PieFed keeps track of how many upvotes and downvotes your posts receive and the net value of all the votes received is called your “reputation” (Reddit calls it “karma”). This is not shown in the UI anywhere (except to administrators), to dissuade the karma-farming behavior common on Reddit. Reputation is not a […]
  • LurkingLuddite@piefed.socialEnglish
    134·
    1 day ago

    I always laugh when people whine about China’s social credit system. The US also literally has a credit score system that can completely fuck you over and you cannot opt out, either… and they’re responsible for several data breaches, too.

    • Pamasich@kbin.earth
      9·
      1 day ago

      I always laugh when people whine about China’s social credit system.

      To be fair, not everyone who does so is from the US.

      The US also literally has a credit score system that can completely fuck you over and you cannot opt out, either

      Can you elaborate on what you mean by this? I’m not from the US, but this sounds interesting. First time I’m hearing of it.

      • RogueBanana@piefed.zipEnglish
        6·
        1 day ago

        I am guessing they are talking about credit card score which is tracked by banks and decides your loan interest, amount, etc.

        I am not from US but it’s a similar or perhaps the same system here as well. Some of my friends actually go out of their way to get multiple credit cards and spend on them to increase their score which is a weird and stupid system but that’s just my opinion.

        • Pamasich@kbin.earth
          1·
          1 day ago

          Oh, I forgot credit score exists in other countries since we don’t have it here.

          But isn’t that system quite straightforward and justified? I mean, if you want to take out a loan, imo the bank is justified in wanting to know how likely you are to pay it back, and refuse giving it out if they aren’t convinced you’ll be able to repay it. Though I didn’t know you can increase your score by getting more cards, so maybe the system is less straightforward than I’m aware. Sounds very capitalistic to me, like the goal is for you to throw away more money at companies instead of paying back your debts.

          • Ashtear@piefed.socialEnglish
            2·
            13 hours ago

            It’s not just that. It affects what kind of living spaces you can rent, what your access to essential services will be like (postpaid plans for mobile phones, for example), even employment eligibility in some cases, among surely many other cases that aren’t top of mind at the moment.

          • Orvorn@slrpnk.netEnglish
            5·
            1 day ago

            The US credit score system incentivizes you to take on more debt than you can afford and to never fully pay off your debt. To be fair, the entire US economy is based on debt.

            • nymnympseudonym@piefed.socialEnglish
              2·
              1 day ago

              Nearly all advanced/wealthy economies are.

              What kind of debt matters. Kind of like good vs bad lipids in your bloodstream or beneficial vs parasitic bacteria in your gut.