Automated p2p lending based on facebook graph and shared trust

Throwaway_Acc

newbie

Activity: 28

Merit: 0

Quote from: maincoon on January 29, 2015, 11:21:07 PM

I had an idea for making automatic system for bitcoin credit line backed by people vouching for borrower.
I made an MVP and need your insight about existing p2p bitcoin lending market.

Questions for you:

1. Would you invest 0.1 BTC in very experimental service when you could lost all money due to bad credit scoring algorithm?
2. Would you like vouch very small amount of money to people which you already know on facebook (ex 0.01 BTC per friend) - and in case of a default of such a person you will have to cover up to 0.01 btc losses.

3. Would you like to invest in pegged loans (to USD or another fiat currency) or rather bitcoin? // If somebody will borrow BTC and he is earning in fiat currency that could be problem if bitcoin value will grow 2-3x

Edit: I will send address via PM to interested people.

OP, have you looked at the Ripple protocol? Maybe there is an easier solution for you.

maincoon

full member

Activity: 164

Merit: 100

Quote from: bitcoin_bagholder on January 30, 2015, 12:27:28 AM

1) No
2) No
3) No

Answer for third? Really?
Anyway thank you. I don't want to be like a website that claims things that cannot be done. If i will have sufficient data about credit scoring algorithm then i will show site to mainstream. But i want gather some info here on bitcointalk.

bitcoin_bagholder

sr. member

Activity: 336

Merit: 250

1) No
2) No
3) No

maincoon

full member

Activity: 164

Merit: 100

I had an idea for making automatic system for bitcoin credit line backed by people vouching for borrower.
I made an MVP and need your insight about existing p2p bitcoin lending market.

Questions for you:

1. Would you invest 0.1 BTC in very experimental service when you could lost all money due to bad credit scoring algorithm?
2. Would you like vouch very small amount of money to people which you already know on facebook (ex 0.01 BTC per friend) - and in case of a default of such a person you will have to cover up to 0.01 btc losses.

3. Would you like to invest in pegged loans (to USD or another fiat currency) or rather bitcoin? // If somebody will borrow BTC and he is earning in fiat currency that could be problem if bitcoin value will grow 2-3x

Edit: I will send address via PM to interested people.

Topic: Automated p2p lending based on facebook graph and shared trust (Read 611 times)