HyperLoan, a wallet feature to make protected loans:
Replace potencially risky and nonproductive faucets,givaways, and old fashion (risky) loans, all probably inherited from capitalism as patches to attempt egalitarianism, by basic protected loan transactions (loan contract + cash in exchange of some work), a new posibility emerging directly from cryptocurrency technology where property control is never fully given, the owner of the money never lose ownership.
Loan transactions are only usable for staking purposes, and their ammount remain blocked (by network) on third party wallets prohibiting any other kind of use (sending it) while contract is active. By contract the borrower earns a custom fee after succesfully using that loan as a stake, and once the contract is over, the loan ammount plus the sustancial gain returns to the loaner. (technically a trigger based on time and proffit ammount).
Loaner always remain as the owner of the loan, he has control. Borrower just remain being owner of a temporal staking potencial that worth investment. No hall of shame needed, no one can steal the loans, money remain network-blocked and returns in case of contract violation and maybe also at loaner's will.
Protected Loan is a basic technology that opens endless posibilities. May be implemented based on Multisend and Trigger technologies: loan(borrower_address, ammount, expire_date, gain_limit, [return_address1,return_fee1]...[return_addressN,return_feeN])
Protected Loans may have multiple implementations, but what must be taken care of is incentivating the new/poor holder. For example by implementing a AutoAcceptLoanProposals feature turned on, forcing wallets to be 24/7 online, we can encourage people to stand by “onlinenely” in order to catch new loan contracts otherwise they can expire to grant some confidency to loaners wanting their money to work for them as much time as possible. I thought on this because of Matylda, the tip bot. I started staking being unable of depositing money because of a tricky bitcoin service that retain my stake-intended money for days and because I have not much money at all, so I used ##HyperStake IRC channel to earn my very first coins and knowledge. I'ts a bit sad but is fair. All what the new ones can offer to the coin is participation, involvement, time, work. I'll talk about this important point soon on the text.
Protective measures should be taken care of, such as refusing manually or automatically to sign (agree) Loan contract requests to prevent some kind of economical attacks or invasive loans agains borrowers.
This is an interesting idea. Would require forking the coin and some well thought out code. Possible to borrow and modify the cold storage staking that will be released on PPC in the near future.
Great you liked this presstab!, we could be pioneers with this put into practice contract, and cold storage staking would be awsome too, more secure and energy efficent right?, wallets can stay offline?
Regarding the other unquotable large text, allright, voluntary actions may be enough to protect the coin help redistribution and stuff.
I had to try, I thought they were great ideas to help
