I think it would be difficult to see a stable and self sustaining lending project because the market itself is unstable. Better to use something similar to an insurance if you want to secure your money though it is also difficult to find a legit one that meets your requirements.
A lot of scams lately, eh? It's hard to trust anyone here in this industry because all first impressions of us are scammers.
Topic: [ Concept Discussion ] - Borrowing/Lending Crypto (Read 318 times)
In order to give a loan you need to know who they are issued to. And since crypto is anonymous, it will be very difficult. Therefore, the credit system will not be able to work properly in the field of crypto.
I think it would be difficult to see a stable and self sustaining lending project because the market itself is unstable. Better to use something similar to an insurance if you want to secure your money though it is also difficult to find a legit one that meets your requirements.
A lot of scams lately, eh? It's hard to trust anyone here in this industry because all first impressions of us are scammers.
I think it would be difficult to see a stable and self sustaining lending project because the market itself is unstable. Better to use something similar to an insurance if you want to secure your money though it is also difficult to find a legit one that meets your requirements.
I've seen projects that offered to solve the lending problem, but not one of them got to release, most were just a Scam. In addition, it should be a centralized project, like Ripple. So I don't see any way to solve the problem you're talking about.
Hello
As you can see, there already is a "release", and there is no "scam" here as I clearly stated that interested parties are free to sign up and test the platform using dummy funds. If you'd like to see how the problem was indeed solved, feel free to sign up... it is free after all.
I've seen projects that offered to solve the lending problem, but not one of them got to release, most were just a Scam. In addition, it should be a centralized project, like Ripple. So I don't see any way to solve the problem you're talking about.
Hello
Since my initial concept discussion I have been working in the background to develop a platform and am now opening it to alpha testing. If you are interested, please visit www.blockworkz.co and register, your account will be credited dummy funds for you to try out.
After the alpha testing period, i will take the feedback and try to apply as much of it as possible then go on to beta testing. Hopefully a full functional release will be available for widespread use in a month or two.
Please do not deposit any funds, use the dummy funds. As additional precaution, i will take the coin wallets offline.
Since my initial concept discussion I have been working in the background to develop a platform and am now opening it to alpha testing. If you are interested, please visit www.blockworkz.co and register, your account will be credited dummy funds for you to try out.
After the alpha testing period, i will take the feedback and try to apply as much of it as possible then go on to beta testing. Hopefully a full functional release will be available for widespread use in a month or two.
Please do not deposit any funds, use the dummy funds. As additional precaution, i will take the coin wallets offline.
Is there a coin that exists that does this, or at least any papers discussing how it could be carried out in a manner that minimizes or totally makes loss/fraud ? I've seen that crypto-currencies do not seem to have a proper means of paying back coins. Is there possibly ways to solve that fundamental issue, ie someone take a loan and runs off ?
There are many projects which offer lending platform. Some of examples are ETHLend, Fintrux or MoneyToken (its advisor is Roger Ver - the creator of Bitcoin Cash). On this platform you can lend or borrow and you will be always safe 
. Is there a coin that exists that does this, or at least any papers discussing how it could be carried out in a manner that minimizes or totally makes loss/fraud ? I've seen that crypto-currencies do not seem to have a proper means of paying back coins. Is there possibly ways to solve that fundamental issue, ie someone take a loan and runs off ?
it seems, that coins like that do not exist and neve wil be. Why ? because in other side, every coins and as long there's a demand and supply, its hard to give that coins reach the payback unless its really have a great potential in the future and already realize in real life. So far people that involved in crypto are just to gain every single profit they can get, no matter what happen.
I don't don't respect thither are those genre of market-place. That disposition be market influence and that is not bunco. Anyways a boodle conceivably pament dividends calculating on the presentation you'll agglutinate.
I've taken time to read the replies in this thread and have been studying and researching all the points raised.
In summary, there are three key issues that need to be solved, namely
1) Collateral
2) Preventing fly by night actors
3) A means to collect the funds + interest
After watching a talk by Andreas M. Antonopoulos where he briefly mentioned the concept i'd like to add two additional issues :-
4) Minimizing individual/institutional risk
5) A simple yet secure method of verifying a debtor/creditor's identity
Borrowing from existing analogue systems, i'm hoping to get down to trying to come up with solutions to all the above. I already have some idea of how to perhaps approach some of the issues, but for the moment these thoughts have not yet formed into ideas i can articulate properly and explain.
If anyone is interested in tackling this problem, i'd be most grateful for any assistance/ input you can provide.
One thing that i do see posing issues (just one of the thoughts rattling in my mind ) is if it is somehow possible to do this without users having to submit their personal data to some centralized entity. If that is solved, maybe we'll see something materialize and we can write a paper on it.
In summary, there are three key issues that need to be solved, namely
1) Collateral
2) Preventing fly by night actors
3) A means to collect the funds + interest
After watching a talk by Andreas M. Antonopoulos where he briefly mentioned the concept i'd like to add two additional issues :-
4) Minimizing individual/institutional risk
5) A simple yet secure method of verifying a debtor/creditor's identity
Borrowing from existing analogue systems, i'm hoping to get down to trying to come up with solutions to all the above. I already have some idea of how to perhaps approach some of the issues, but for the moment these thoughts have not yet formed into ideas i can articulate properly and explain.
If anyone is interested in tackling this problem, i'd be most grateful for any assistance/ input you can provide.
One thing that i do see posing issues (just one of the thoughts rattling in my mind ) is if it is somehow possible to do this without users having to submit their personal data to some centralized entity. If that is solved, maybe we'll see something materialize and we can write a paper on it.
If these type of projects catches anyone's eye, the first step is to get as far away as possible. Because these are the scammed projects where they offer such sort of bogus and non-existent deals.
I think it is a wrong move for anyone to lend or borrow cryptos as there is a 50-50 chance of losing and retaining it. But, if we can ensure a system (like banks) who are credible, will use our cryptos to loan other people and return us a divident from their profit then it will be great. But, it would be a costly project and may take a lot of time.
Yeah sure there are some platforms that offers crypto lending and borrowing, at least I know of fintrux but they have not release their project, i think it is schedule to be released by end of this year.
From my point of view this is not possible. Till now I am not hearing about this issue. Crypto and blockchain is a decentralized process. If you see this please go through the details I think most of this are scam
From my point of view crypto and blockchain is the decentralized system. As I know till now there is no system for lending or borrowing crypto. You will find the majority are scams, if you looking for this types of coin.
In my opinion it is not blockchain policy it will be a scam. You should be careful here. It will be a lending market. You should get more knowledge about this. Which are help you to get profit in cryptomarket.
As maximum coin crypto market are follows blockchain technology and decentralized system may not this issue can be solved.
I think it would be bold to touch the debt market that would be such a blockchain. This market is decentralized without the knowledge of reaction. So blockchain will not be centered if you are not mentioned that there is no way to solve the problem.
Is there a coin that exists that does this, or at least any papers discussing how it could be carried out in a manner that minimizes or totally makes loss/fraud ? I've seen that crypto-currencies do not seem to have a proper means of paying back coins. Is there possibly ways to solve that fundamental issue, ie someone take a loan and runs off ?
We had a deal with a lot of 'lending platforms or coins' in the past. They all turned out to be nothing but ponzi schemes.Not a single one survive.There are no such free stuffs. Jump to: