Actually, blockchain can help to get back money easier.
Of course today you can leave behind you the crypto world to try never pay back the money you borrowed, but also, in that case, it will be visible that you don't pay back your debt.
Blockchain as distributed ledger is perfect to backlist bad debtors. It can use even outside the cryptocurrencies.
Topic: Lending via smart contracts - page 2. (Read 327 times)
Of course it can be done by smart contracts but lending projects has some bad reputation due to scam projects connected to lending.
Investors need to regain trust in lending projects again.
Invested in ETHLend (Lend) and can confirm it as a legit project.
Investors need to regain trust in lending projects again.
Invested in ETHLend (Lend) and can confirm it as a legit project.
whatever system behind it , is that smart contracts or traditional concept or whatever.
in the end , Lending just a scam , for me , is better u put all your money to gambling table, than put it to lending investement,
if no money left, how they will pay you ?,
in the end , Lending just a scam , for me , is better u put all your money to gambling table, than put it to lending investement,
if no money left, how they will pay you ?,
Somebody tell me he did not believe that lending can work with cryptocurrency.
What do you think?
I think it can work. Why? Read this white paper:
https://www.maxicreditcompany.com/whitepaper.pdf
What do you think?
I think it can work. Why? Read this white paper:
https://www.maxicreditcompany.com/whitepaper.pdf
Lending already exist in cryptocurrency with crypto collateral I don't know if it is using smart contracts but I think it is especially on Ethereum blockchain, check it here https://nexo.io
Lending covered by crypto collateral is only a little piece of lending.
The mentioned white paper https://www.maxicreditcompany.com/whitepaper.pdf is interesting because it deals with uncovered lending and wants to build a credit score system. That is much more than available now.
The mentioned white paper https://www.maxicreditcompany.com/whitepaper.pdf is interesting because it deals with uncovered lending and wants to build a credit score system. That is much more than available now.
Don't care with the investing.
The interesting thing is that can it work, is the conception good?
The interesting thing is that can it work, is the conception good?
I think we need to be careful about the current situation. Because at the moment it doesn't allow us to do new things that we haven't tried fully. because as far as I know the new thing is certainly certainly guaranteeing our lives in the future.
Somebody tell me he did not believe that lending can work with cryptocurrency.
Just visit the lending section of this forum, and you will be able to see how lending can work with crypto too. You just have to have a good escrow and to offer some collateral.
Smart contracts are often overrated. Using smart contract may sound like something sophisticated, while in reality they are not overly advanced (yet). Smart contracts are very similar to using escrow. The difference is the escrow is replaced by a piece of computer code that is executed automatically when certain conditions are met.
Lending is definitely possible on smart contracts , we have projects already using smart contracts to issue out crypto backed loans. The truth is the power of smart contracts are limitless and I think the blockchain community is yet to harness the power of smart contracts. In a couple of years from now, one will be amazed with the amount of applications and industries that will benefit from smart contracts.
Via smart contract? And what will happen if the borrower doesn´t have any money on his wallet? How smart contract then help you?
But cryptocurrency ledning platform like NEXO or MoneyToken have future - because they will lend you as much money as you have. So if you do not have money for paying the loans - you can´t borrow.
But cryptocurrency ledning platform like NEXO or MoneyToken have future - because they will lend you as much money as you have. So if you do not have money for paying the loans - you can´t borrow.
If the ICO interest somebody then, open a new topic.
But here discuss about the concept, please.
But here discuss about the concept, please.
Don't care with the investing.
The interesting thing is that can it work, is the conception good?
The interesting thing is that can it work, is the conception good?
Everything including lending can work with cryptocurrencies but the bad thing is most of these lending projects are likely to be a scam. I haven't checked maxicredit but as for checking the tenure of the website, it looks new and one shouldn't be quick investing to this website.
Quote from: https://who.is/whois/maxicreditcompany.com
Important Dates
Expires On 2020-01-10
Registered On 2019-01-10
Updated On 2019-01-10
Expires On 2020-01-10
Registered On 2019-01-10
Updated On 2019-01-10
Somebody tell me he did not believe that lending can work with cryptocurrency.
What do you think?
I think it can work. Why? Read this white paper:
https://www.maxicreditcompany.com/whitepaper.pdf
What do you think?
I think it can work. Why? Read this white paper:
https://www.maxicreditcompany.com/whitepaper.pdf
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