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aguywholikesmoms

newbie

Activity: 1

Merit: 0

Quote from: BlockMason on September 05, 2017, 05:52:22 AM

Quote from: EuroLine on September 05, 2017, 04:39:54 AM

Quote from: rafzalan on September 05, 2017, 04:30:06 AM

Quote from: EuroLine on September 05, 2017, 03:58:19 AM

I do not understand one thing. I can just not return my loan. In my country crypto is not money so I won't make something illegal if I take a loan and don't pay it back. How you handle this?

Yes you can, but at least this act would be a negative reputation for you. One could share this information on communities and after that it will be harder for you to borrow something. No-one could clear this information, because cp writes them on block-chain.
am I write @BlockMason?

Well, I can create new account, or prepare a lot addresses and info for doing this. Concept is good but still where is big problem in crypto - no one will return money if something wrong happens. I think only in Japan it will be safe to use.

OK, but maybe someone will only lend to you if you have a positive reputation right? Maybe you need some sort of identity verified with the addresses you use in order to receive a loan. There are lots of ways to fix that issue and I don't think it's too difficult.

Yes, I think you are saying that a lender can decide what information they use--they might only consider loans to addresses/identities with long track records.

Sy

legendary

Activity: 1484

Merit: 1003

Bounty Detective

Quote from: babycicak on September 05, 2017, 05:25:13 AM

Can you please tell us more about the airdrop, thanks!

Last time i checked they said they will do an air-drop after the ICO for the project ends. They will send airdrops to all users who have more than .1 ETH on their address.

Cryptotina

full member

Activity: 602

Merit: 100

Interesting project and looking forward to the airdrop

krayzie32

sr. member

Activity: 479

Merit: 250

https://streamies.io/

Quote from: BlockMason on September 05, 2017, 05:52:22 AM

Quote from: EuroLine on September 05, 2017, 04:39:54 AM

Quote from: rafzalan on September 05, 2017, 04:30:06 AM

Quote from: EuroLine on September 05, 2017, 03:58:19 AM

I do not understand one thing. I can just not return my loan. In my country crypto is not money so I won't make something illegal if I take a loan and don't pay it back. How you handle this?

Yes you can, but at least this act would be a negative reputation for you. One could share this information on communities and after that it will be harder for you to borrow something. No-one could clear this information, because cp writes them on block-chain.
am I write @BlockMason?

Well, I can create new account, or prepare a lot addresses and info for doing this. Concept is good but still where is big problem in crypto - no one will return money if something wrong happens. I think only in Japan it will be safe to use.

OK, but maybe someone will only lend to you if you have a positive reputation right? Maybe you need some sort of identity verified with the addresses you use in order to receive a loan. There are lots of ways to fix that issue and I don't think it's too difficult.

If we have only trust platform to lending money. And need verify before receive a loan. Everything become ez. Scam people will have a negative trust on system and can't receive money anymore, anywhere. their face maybe will share for the whole world

BlockMason

full member

Activity: 137

Merit: 100

Quote from: EuroLine on September 05, 2017, 04:39:54 AM

Quote from: rafzalan on September 05, 2017, 04:30:06 AM

Quote from: EuroLine on September 05, 2017, 03:58:19 AM

I do not understand one thing. I can just not return my loan. In my country crypto is not money so I won't make something illegal if I take a loan and don't pay it back. How you handle this?

Yes you can, but at least this act would be a negative reputation for you. One could share this information on communities and after that it will be harder for you to borrow something. No-one could clear this information, because cp writes them on block-chain.
am I write @BlockMason?

Well, I can create new account, or prepare a lot addresses and info for doing this. Concept is good but still where is big problem in crypto - no one will return money if something wrong happens. I think only in Japan it will be safe to use.

OK, but maybe someone will only lend to you if you have a positive reputation right? Maybe you need some sort of identity verified with the addresses you use in order to receive a loan. There are lots of ways to fix that issue and I don't think it's too difficult.

BlockMason

full member

Activity: 137

Merit: 100

Quote from: Dart18 on September 05, 2017, 05:47:38 AM

Good luck to BlockMason.
Read about your project and it looks interesting. Looking forward to helping this one when the time comes.
Regarding the airdrop. Why do we need a balance to receive it? I am sorry for I am a little new when it comes to the ETH currency.
Thanks for those who will answer.

Hi Dart

We've been talking about doing the airdrop differently. It will more likely be done to help user's of the credit protocol and our dapps have easier access. We also want to encourage more developers to build things on top of the credit protocol and them having tokens is critical for that. If you have suggestions on the best way to do the airdrop we'd like to hear from you.

BlockMason

full member

Activity: 137

Merit: 100

Quote from: rafzalan on September 05, 2017, 04:30:06 AM

Quote from: EuroLine on September 05, 2017, 03:58:19 AM

I do not understand one thing. I can just not return my loan. In my country crypto is not money so I won't make something illegal if I take a loan and don't pay it back. How you handle this?

Yes you can, but at least this act would be a negative reputation for you. One could share this information on communities and after that it will be harder for you to borrow something. No-one could clear this information, because cp writes them on block-chain.
am I write @BlockMason?

Yes exactly. Your reputation with regards to loans will be stored forever on the blockchain. So Friend in Debt will indicate information about you for instance. Maybe other friends won't want to lend to you if you never pay back the loans. Maybe other friends won't pay for dinner if you never buy anyone else dinner etc.

Dart18

sr. member

Activity: 1400

Merit: 259

Good luck to BlockMason.
Read about your project and it looks interesting. Looking forward to helping this one when the time comes.
Regarding the airdrop. Why do we need a balance to receive it? I am sorry for I am a little new when it comes to the ETH currency.
Thanks for those who will answer.

BlockMason

full member

Activity: 137

Merit: 100

Quote from: rafzalan on September 05, 2017, 04:22:30 AM

Quote from: EuroLine on September 05, 2017, 03:58:19 AM

I do not understand one thing. I can just not return my loan. In my country crypto is not money so I won't make something illegal if I take a loan and don't pay it back. How you handle this?

Dose all the story about only credit cryptos? I thought it could write any type of credits.

This is correct. The blockchain is used for storing information about the loan or credit. We also will use it for settlement of loans via payment of crypto. But that settlement could happen in any number of ways. It could be in person with cash or it could be through a bank wire or it could be with crypto. It's up to you and the way the app built atop the credit protocol regulates things.

BlockMason

full member

Activity: 137

Merit: 100

Quote from: EuroLine on September 05, 2017, 03:58:19 AM

I do not understand one thing. I can just not return my loan. In my country crypto is not money so I won't make something illegal if I take a loan and don't pay it back. How you handle this?

So what would happen if for instance a bank that gives out loans, used our protocol and put that loan you took out from them on top of their own app on top of the credit protocol? You would go to the bank as normal sign contracts etc and be held legally liable for that loan.

We aren't specifically focusing on these kinds of loans, but it is possible for someone to build such a system of lending on top of the credit protocol.

We're a lot more interested in providing the average joe with the ability to lend money. If you take a look at two of our example applications Friend in Debt and Gift Chain you'll get a better idea. So then you might be wondering what happens if your friend lends you money via Friend in Debt and you don't give it back? Well what happens now if you don't pay your friend back without using the app?

babycicak

member

Activity: 81

Merit: 10

Quote from: BlockMason on August 28, 2017, 08:32:07 PM

Quote from: ioanbtc on August 28, 2017, 07:23:31 PM

As i read here will be airdrop only for users who have at least 0.1 ETH balance. How much will get users who have 0.1 ETH balance?

We are still planning the exact execution of the airdrop and discussing plans on how to get wider participation rather than simply airdropping to whales. Stay tuned and subscribe to our email list for the latest updates!

Can you tell me how you will do the airdrop?

babycicak

member

Activity: 81

Merit: 10

Can you please tell us more about the airdrop, thanks!

rafzalan

full member

Activity: 714

Merit: 105

Quote from: EuroLine on September 05, 2017, 04:39:54 AM

Quote from: rafzalan on September 05, 2017, 04:30:06 AM

Quote from: EuroLine on September 05, 2017, 03:58:19 AM

I do not understand one thing. I can just not return my loan. In my country crypto is not money so I won't make something illegal if I take a loan and don't pay it back. How you handle this?

Yes you can, but at least this act would be a negative reputation for you. One could share this information on communities and after that it will be harder for you to borrow something. No-one could clear this information, because cp writes them on block-chain.
am I write @BlockMason?

Well, I can create new account, or prepare a lot addresses and info for doing this. Concept is good but still where is big problem in crypto - no one will return money if something wrong happens. I think only in Japan it will be safe to use.

Think about companies, also it is not simple for every one to deny his past, and clear his face book, family relations, twitter , ....
There are many lending platforms that are working without the help of this type of credit keeper. Normally CP could lower risk & cost.

EuroLine

hero member

Activity: 521

Merit: 500

Quote from: rafzalan on September 05, 2017, 04:30:06 AM

Quote from: EuroLine on September 05, 2017, 03:58:19 AM

I do not understand one thing. I can just not return my loan. In my country crypto is not money so I won't make something illegal if I take a loan and don't pay it back. How you handle this?

Yes you can, but at least this act would be a negative reputation for you. One could share this information on communities and after that it will be harder for you to borrow something. No-one could clear this information, because cp writes them on block-chain.
am I write @BlockMason?

Well, I can create new account, or prepare a lot addresses and info for doing this. Concept is good but still where is big problem in crypto - no one will return money if something wrong happens. I think only in Japan it will be safe to use.

rafzalan

full member

Activity: 714

Merit: 105

Quote from: EuroLine on September 05, 2017, 03:58:19 AM

I do not understand one thing. I can just not return my loan. In my country crypto is not money so I won't make something illegal if I take a loan and don't pay it back. How you handle this?

Yes you can, but at least this act would be a negative reputation for you. One could share this information on communities and after that it will be harder for you to borrow something. No-one could clear this information, because cp writes them on block-chain.
am I write @BlockMason?

rafzalan

full member

Activity: 714

Merit: 105

Quote from: EuroLine on September 05, 2017, 03:58:19 AM

I do not understand one thing. I can just not return my loan. In my country crypto is not money so I won't make something illegal if I take a loan and don't pay it back. How you handle this?

Dose all the story about only credit cryptos? I thought it could write any type of credits.

EuroLine

hero member

Activity: 521

Merit: 500

I do not understand one thing. I can just not return my loan. In my country crypto is not money so I won't make something illegal if I take a loan and don't pay it back. How you handle this?

herojune

brand new

Activity: 0

Merit: 0

Note the drop of the coin, but the details of the drop have not been seen, neither the time nor the address

diskodasa

sr. member

Activity: 337

Merit: 250

Nice project. dont see anything say about airdrop. Cheesy

I just need some to test this platform before buy some token.

BlockMason

full member

Activity: 137

Merit: 100

Quote from: BudaCoin on September 04, 2017, 11:26:23 PM

Can you buy giftcards in the GiftChain DApp? Or do you need to buy in person

It would depend on how the company selling the giftcards wants to do things, but in most cases that feature will be available. To buy giftcards with ETH (and more cryptocurrencies in the future).

Topic: Closed - page 17. (Read 27294 times)