actually a social credit system (i.e. based on competing value tokens issued by lots of different companies) would be much better than the central banking system we have today. It is in fact proposed as a solution in Money As Debt 3.

But please, not Facebook. They are a quasi-monopoly and people are sheeple and will by and large uncritically accept their credits as the only de-facto currency of exchange. This idea can only work if there are lots and lots of mid-size, ethical companies that have to compete for our valuation.

For Bitcoin, it’s uncertain if it can play a role in such a scenario as a common denominator.