1) Things like this couldn't possibly happen in the US, crazy Communists!
2) This development doesn't surprise me, and if I comment with thoughts on this story just for them to be downplayed by those in group #1, I may just finally end myself.
I suspect part of the problem may be it keeps getting submitted as a youtube link; It may be the case that people are loathe to follow video links without a clearer indication of what they are getting. (I know I personally am, both because I often use HN in a place where I don't want to use video -- or, more to the point, audio -- and also because I find video presentation to be generally more time investment for value than text; unless there is a compelling pitch, I'm loathe to check out video.)
Sesame Scores are indications of the users’ creditworthiness, which range from 350 to 950 points. Users will be able to check their Sesame Scores both in the Alipay Wallet mobile app and through merchant websites that accept Sesame Credit services. The higher the scores, the lower chance the user may default. The scores are calculated using five different factors, each with different weightings that can vary according to individual profiles:
Credit History reflects a user’s past payment history and indebtedness, for example credit card repayment and utility bill payments.
Behavior and Preference reveals a user’s online behavior on the websites they visit, the product categories they shop, etc.
Fulfillment Capacity shows a user’s ability to fulfill his/her contract obligations. Indicators include use of financial products and services and Alipay account balances.
Personal Characteristics examine the extent and accuracy of personal information, for example home address and length of time of residence, mobile phone numbers, etc.
Interpersonal Relationships reflect the online characteristics of a user’s friends and the interactions between the user and his/her friends
From another forum:
"TL:DR China will make this manditory in 2020 where they follow your social networking, give you a score, and give you benefits for being more in line with their ideals. Having friends with low scores will lower your score, and they tell you what everyone score is. Ostracizing people who do not agree with the government."
6 comments
[ 2.8 ms ] story [ 29.7 ms ] threadhttps://news.ycombinator.com/item?id=10746110
https://news.ycombinator.com/item?id=10782703
https://news.ycombinator.com/item?id=10750789
https://news.ycombinator.com/item?id=10757548
Strangely, for a story which appears to intersect with several of Hacker News' interests, almost no one seems to be interested...
1) Things like this couldn't possibly happen in the US, crazy Communists!
2) This development doesn't surprise me, and if I comment with thoughts on this story just for them to be downplayed by those in group #1, I may just finally end myself.
I googled "Sesame Credit" and found and submitted a related story from a text source. https://news.ycombinator.com/item?id=10804494
Sesame Scores are indications of the users’ creditworthiness, which range from 350 to 950 points. Users will be able to check their Sesame Scores both in the Alipay Wallet mobile app and through merchant websites that accept Sesame Credit services. The higher the scores, the lower chance the user may default. The scores are calculated using five different factors, each with different weightings that can vary according to individual profiles:
Credit History reflects a user’s past payment history and indebtedness, for example credit card repayment and utility bill payments.
Behavior and Preference reveals a user’s online behavior on the websites they visit, the product categories they shop, etc.
Fulfillment Capacity shows a user’s ability to fulfill his/her contract obligations. Indicators include use of financial products and services and Alipay account balances.
Personal Characteristics examine the extent and accuracy of personal information, for example home address and length of time of residence, mobile phone numbers, etc.
Interpersonal Relationships reflect the online characteristics of a user’s friends and the interactions between the user and his/her friends
From another forum: "TL:DR China will make this manditory in 2020 where they follow your social networking, give you a score, and give you benefits for being more in line with their ideals. Having friends with low scores will lower your score, and they tell you what everyone score is. Ostracizing people who do not agree with the government."