Mr. Rabbit -
The point is, you'd earn interest... from a distributed pool of risk-managed sources, at higher rates than can be paid by traditional banks. And you can borrow at lower rates similarly. In an unregulated environment, possibly.
One question would be whether a P2P loan marketplace could actually operate anonymously, like silk road does... in which case it could be even more efficient. However I think even LendingClub, prosper.com, and similar sites provide a collections service to keep the default rate low, and that would quite limit the ability to be anonymous.
Still... I'm just curious why I havent found anything on this yet as the connection between what is possible with BTC and also with P2P loans seems a bit obvious to me.
Topic: BTC P2P lending sites? - page 2. (Read 2687 times)
Scamming? Actually, the default rate on lendingclub.com is only 3%. Personally my ROI ion LendingClub is about 14%, it's just a matter of judging risk given the provided information, just as any loan officer does - but without intermediary, rather with technology as intermediary.
The technology for feedback, social proof, etc is fairly mature at this point and it's not cost-effective to try scamming well-designed and established sites.
The easiest entry point for BTC would be if an existing P2P site decided to start supporting BTC... otherwise there would be a startup hurdle of attaining critical mass...
The technology for feedback, social proof, etc is fairly mature at this point and it's not cost-effective to try scamming well-designed and established sites.
The easiest entry point for BTC would be if an existing P2P site decided to start supporting BTC... otherwise there would be a startup hurdle of attaining critical mass...
Oooookay so i've totally missed the point.
Why in the heck do you need P2P lending if there is a site that manages rep within those p2p trades.
Sorry but I've got nothing but redflags being tossed all around in my brain.
Scamming? Actually, the default rate on lendingclub.com is only 3%. Personally my ROI ion LendingClub is about 14%, it's just a matter of judging risk given the provided information, just as any loan officer does - but without intermediary, rather with technology as intermediary.
The technology for feedback, social proof, etc is fairly mature at this point and it's not cost-effective to try scamming well-designed and established sites.
The easiest entry point for BTC would be if an existing P2P site decided to start supporting BTC... otherwise there would be a startup hurdle of attaining critical mass...
The technology for feedback, social proof, etc is fairly mature at this point and it's not cost-effective to try scamming well-designed and established sites.
The easiest entry point for BTC would be if an existing P2P site decided to start supporting BTC... otherwise there would be a startup hurdle of attaining critical mass...
I did search in here for 'P2P lending' and 'lendingclub' but found no mention of what I seek...
Has anyone made a P2P lending site, like lendingclub.com, which accepts BTC loans?
Such a site would use regular credit rating info as well as BTC credit history to support personal loans of BTC between members.... I'd think something like this would already exist?
If so, please point me to it. If not - how hard would it be to start such a site? Perhaps there is P2P-lending clone software for purchase which could be adapted to use BTC...?
Has anyone made a P2P lending site, like lendingclub.com, which accepts BTC loans?
Such a site would use regular credit rating info as well as BTC credit history to support personal loans of BTC between members.... I'd think something like this would already exist?
If so, please point me to it. If not - how hard would it be to start such a site? Perhaps there is P2P-lending clone software for purchase which could be adapted to use BTC...?
Well the closest that im Aware of is the IBB (Islamic Bitcoin Bank)
They do 0% intrest loans. But it's not p2p
P2P Is far too succeptable to scamming. Why? Well shit, Anyone can Whip a scam out when they have Inflated rep (lots of fake accounts doing "buisness" with an account
I did search in here for 'P2P lending' and 'lendingclub' but found no mention of what I seek...
Has anyone made a P2P lending site, like lendingclub.com, which accepts BTC loans?
Such a site would use regular credit rating info as well as BTC credit history to support personal loans of BTC between members.... I'd think something like this would already exist?
If so, please point me to it. If not - how hard would it be to start such a site? Perhaps there is P2P-lending clone software for purchase which could be adapted to use BTC...?
Has anyone made a P2P lending site, like lendingclub.com, which accepts BTC loans?
Such a site would use regular credit rating info as well as BTC credit history to support personal loans of BTC between members.... I'd think something like this would already exist?
If so, please point me to it. If not - how hard would it be to start such a site? Perhaps there is P2P-lending clone software for purchase which could be adapted to use BTC...?
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