Topic: [ Concept Discussion ] - Borrowing/Lending Crypto - page 2. (Read 318 times)
Even if you find such cryptos then they will be scamming you. The whole idea of cryptos will become void if they start to be loaned or borrowed as cryptos are a decentralized currency system an for lending you will also need an intermediary or third party that will record the activities which is right now impossible.
Actually this is very rare in crypto market. Some have but I think those are for scamming. Those are lending to invest in crypto market most of them are taking something as collateral also.
BTC or Crypto market as not following trendy bank market theory makes itself different from the usual financial marketplace. The lending thing doesn't go with the Blockchain theory in that much legitimate way. So, lending can be done by third-parties but thousands of them are just scam and fraud place where you'll probably get cheated. You may simply get this idea out of your head to do legitimate and solid business.
Blockchains are not centralized which beats the whole purpose of lending coins etc, as you would need information to whom you are lending to, so a platform like this cannot see a future with lending activities in a decentralized market.
I don't think there is any coin exist like this , when something offer you way more facilities then there is must be some issues, only very special and certain kinds of coin offer you this facilities and rest others are scams so one need to be very knowledgeable about his transaction otherswise dealing with this kind of browsing is not safe at all
If you are interested in these coins maybe you will end up having some scams. But high payment involves high risk always. Better keep an eye on others who already invested there.
There is none. Collateral is a must.
Even trusted people here cannot just get coins or tokens without anything for exchange.
You wont find any here.
Even ICO projects that are created will need information of the borrower just so to make sure they wont run away.
I think you will do the same if you are the lender.
Even trusted people here cannot just get coins or tokens without anything for exchange.
You wont find any here.
Even ICO projects that are created will need information of the borrower just so to make sure they wont run away.
I think you will do the same if you are the lender.
I don't don't think there are those types of market. That will be market manipulation and that is not acceptable. Anyways a coin can perhaps pay dividends depending on the project you'll join.
There will be no such blockchain or cryptocurrency that would dare touch the lending market at this market is decentralized without the knowledge of who you are transacting to and it will beat the concept of decentralization as it would need the help of banks to know the standing credit of a person or lender. So there is no way to solve the issue that you are referring to unless the blockchain will be centralized.
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 ?
If you are looking for this type of coin, you'll find most of them as scams. 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 ?
With this idea, you can see on how people of the forum are running this type of business on Lending but there's only specific coin that they are allowing to lend and to accept as collateral.
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 ?
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