I see that investors and borrowers will meet, under what circumstances? Does this mean that LoanBit will complete some conversations in the office?
I think this service is created to minimize all that meetings in the office and so on. All operations you can do in the app. 
Topic: [ANN][PRE-ICO] LoanBit - P2P lending & investment - page 20. (Read 11295 times)
Yes, but with all this, the risks are still present. We need to take very careful decisions on the issue of loans.
Of course, but it takes a long time, immediately at the beginning of the work of the platform the risks will be maximum.
The credit platform is very interesting. The site did not give any information about what is required of the borrower to obtain a loan?
It is assumed that the creditor and the borrower will agree on the terms of the loan themselves.Oh sure. However, it is still necessary to be cautious when issuing loans, because the reliability of the data is not always a guarantee of repayment.
I see that investors and borrowers will meet, under what circumstances? Does this mean that LoanBit will complete some conversations in the office?
inb4 I'm not dev or in the LonBit team, I just get fresh news from the officical telegram channel
Any news about project development?
We are glad to announce our new ICO Advisor – Vladimir Nikitin.Vladimir Nikitin is the Co-founder of Top ICO Advisor, an accomplished legal consultant, ICO advisor, Blockchain cryptocurrency specialist and a member of several Board of Directors.
A renown member of the crypto community and an active advocate of Blockchain over the last few years, where he has gained an extensive community of contacts, as well as over 30,000 network connection on LinkedIn.
With Masters degree in both Law and Economics (Finance and Credit), Vladimir has over 10 years of Civil law, finance, Internet technologies experience in various industries such as retail consulting, hospitality and information technology.
A listed Blockchain Expert on the ICObench (TOP-7) , Vladimir is an active advisor on more than 25 ICO-projects.
Vladimir, welcome to LoanBit Team.
Any news about project development?
(1Q 2018)AirDrop
Presentation MVP
ICO
Thats all we can find on the website.
Any news about project development?
LoanBit is going to use blockchain for p2p loans all over the world?
The Loanbit platform will have an advantage because of using the blockchain technology. It will enable the investors to verify the credit history of the borrowers that is preserved in the distributed ledger and cannot be tampered with.
LoanBit is going to use blockchain for p2p loans all over the world?
please tell me, at what stage is the project now? unfortunately, I did not find the information. in general, I believe that the market is full of projects in the sphere of lending and in order to understand which project is more promising it is necessary to read white paper and delve into
The project and the timing have been changed. I hope the developers will add the actual information to the starting post so that there is no confusion.
please tell me, at what stage is the project now? unfortunately, I did not find the information. in general, I believe that the market is full of projects in the sphere of lending and in order to understand which project is more promising it is necessary to read white paper and delve into
The project and the timing have been changed. I hope the developers will add the actual information to the starting post so that there is no confusion. This is a common practice. That's why investors manage large sums of money, and bounty hunters continue to engage in promotion. Although, as I think, bounty hunters could keep tokens for a long time and receive much larger profits.
You talk about bounty hunters so unreasonably. Many investors are former bounty hunters.
please tell me, at what stage is the project now? unfortunately, I did not find the information. in general, I believe that the market is full of projects in the sphere of lending and in order to understand which project is more promising it is necessary to read white paper and delve into
Yes, but with all this, the risks are still present. We need to take very careful decisions on the issue of loans.
I think with time, a lot of trusted users will appear on the platform.
I also think so and according to my observations this market where the audience is more or less constant. It turns out that over time, many connections will be established between certain people.
I also think so and according to my observations this market where the audience is more or less constant. It turns out that over time, many connections will be established between certain people.
I agree with your assessment, I also have similar observations. The platform will allow to communicate in a given community, and to monitor the honesty of participants. Yes, but with all this, the risks are still present. We need to take very careful decisions on the issue of loans.
Yes, but with all this, the risks are still present. We need to take very careful decisions on the issue of loans.
It's not only about obvious mistakes, but also about implicit legal risks you could say. If you take the case of Bitconnect it is yet to be seen how those guys are treated by authorities. To what degree are they guilty and what were the precise mechanics that led to their guilt, if any? Lending is prone to be qualified as a ponzi scheme under certain circumstances and in crypto projects might tend to end up ponzi schemes because of small details.
What you say is basically correct. It is still not that easy though. In the eyes of many the subprime mortgage crisis was also a ponzi scheme and I agree with that. The funny thing about it was that those (the banks) who sold, bundled, resold, rebundled etc. those faulty financial products, weren't even willing to buy it back in the end because they knew it was worthless. If it wasn't worthless, banks themselves would have started buying the products they brought to market.
Back to our topic: you say not abuse credit without sufficient guarantees. That is hardly achievable in crypto right now. Imagine, for example, a lot of people would have a gotten a credit when the market peaked in January. How much collateral would make sense in your eyes? 50%? 70%? You know what would have happened even with a 70% collateral. All those credit positions would have been wiped out at least on the balance sheet since the collateral went to zero. The problem then is that the credit holder might be better off not repaying the debt and the credit provider would be left with worthless collateral. Only chance then is gambling that the collateral goes back up in value again, but then the supposedly solid lending business ends up being a casino because of the highly volatile market. It's very difficult to build a lending business in such a small market.
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