Topic: Decentralised P2P lending and best way to incentivise good players (Read 682 times)
I dont pay more then 1% per month
June 26, 2014, 04:14:32 AM
So we all know BTCjam. Ok cool it's a great idea, P2P loans anywhere in the world through Bitcoin etc. However as you may know, most people who have actually used BTCJam have been subject to a fairly high rate of delinquency even from people with 'B' and 'A' credit scores (myself included). Let's get some ideas flowing on the best way to incentivise good players in this system as It's the only way Bitcoin can really grow in this space. A company setting up such a service can't be expected to have a legal presence in nearly every jurisdiction in the world or if it limits it to certain countries it defeats the purpose of it all.
Ideas?
Ideas?
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