I've been thinking about a way to mitigate lending risk through an expanding web of m-of-n transactions and historical analysis. I think it will work, but will still require collateral. Why not offer collateral to be used by someone that needs it? If you have a time-share, a sports car, or maybe a boat, it can be lent out to someone that is part of a collateralized lending web of trust. This is similar to other ideas out there, but the main difference is that removes some of the trust. Open Transactions might be a good way to implement this.
Here is what I've been thinking, say I wanted to issue my own coin which I want to use to give credit to anyone who buys it like it's a gift card. The people buying it don't know whether or not I will redeem so they ask for me to put collateral down so they can get a refund if necessary.How much collateral do you think it would take though if I wanted to do something like this? How is the amount of collateral determined and what would be fair?
This is an interesting topic that I have been thinking about lately.
I have a poll here for anyone else who has thought about it https://bitcointalksearch.org/topic/m.5307384
