P2P Lending on SafeX

LOL!!,

However, in the safexcoin case, you’d have to use them in voting and they’d be locked out for being used as collateral; hmm quite an interesting conundrum; Reminds of how like, if you get a bank loan can you pay someone else and they can use that for collateral for another bank lan… isn’t that the credit system?? hah.

I’m going to have to plan something on this at a point ahead on the road.

@Al_Kafir I can think of maybe Satoshi Nakamoto, and authors all the time are anonymous and have reputation;

At this time we can definitely use blockchains for voting in SAFE, and I’m certain that it holds the ability for anonymous and reliable count voting on SAFE

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Lol…aha, yes of course…however, their goal was clearly not to gain a personal reputation for their creations.They demonstrate this by seeking and using the best tool for avoiding gaining a reputation - anonymity - the reputation gained is incidental I’d say… not sought or intended to gain personal reputation.
I’d suggest that a reputation is gained in the examples you give, but for the merits of the works/creations themselves, rather than personal reputation.
“Satoshi” for example would not have ever found a use for an anonymous reputation system - just the anonymity.
An artist would also have little use for one either- just the anonymity.
I think in both cases, any intent is to let the work stand on it’s own merits and remove the ego…that’s how I seeit anyway :smile:

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Get away from the lame investor parasite model. Go flat like a credit union in a collaborative networked commons. The point should be lending at rates as low as possible to undercut and help destroy the investor based global banking scam. Put investors in and the next thing you have sewage like AIG. Imagine, no IMF, no WB, no BIS and no Fed.

But be warrened nothing upsets parasites like zero interest or very low interest loans with extreamly flexible long time span terms. They also want a bunch of exclusionary means testing BS attached to loans- when you need it and when society need for you to haveit, it can’t be had type stuff. They hate even micro credit for those who would be denied it because it frees such people and undermines arbitrary sweat shop power. They want capital coercive. And naturally they don’t like meaningful bankruptcy for borrowers or skin in the game for creditors, they like debtors prison, its equivalent or a lot of visibly disenfranchised people.

The point and the potential here is not profit for creditors but freedom for borrowers. Investors in banking is the heart of the capitalist model. But what people are doing with SAFE is not trying to re create another top down system that will fail because its top down. Their is no capitalism that isn’t top down. The anarchist seem to get this but the straight libertarians are blinded by obsolete dogma on this. If its not top down, its not capitalism. That vetical top down centralization was capitalism’s essence despite blather about free association and odious free contract (exploitation.)

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Why will people lend to others if they don’t get a return?

Why would lenders take on risk & forego other opportunities with no return, or likely negative return given some defaults?

If borrowing was somehow free & flexible, why wouldn’t there be over-borrowing & inflation?

Check out the way credit unions works. Also lending doesn’t have to be foolish. The selfishness principles have simply proven to be not even remotely good enough.

Just sort of building on this metaphor here but when you lend someone a sword in a game it’s usually to someone you’ve gamed with for awhile, usually a longer while rather than shorter, so trust and reputation has already been built through a shared activity (that is gaming). However in lending platforms traditionally there is no established shared activity to build that initial trust on. What if one built a lending platform on a shared activity or some kind of gamificaion or required task system? Something that tested the player’s sense of honesty, commitment and comaraderie. So that they could establish trust without having to invest money yet? Perhaps combine a lending platform with another project like a translation program (something like duolingo for instance) or khan academy for teaching (gamified learning/teaching) or if we ever get the MMO going some kind of item lending program or questing program. Something like that. Some kind of tier one reputation building, someone people would probably be doing anyway. Then you take that and apply it to one’s “credit history” and see where one stands for lending potential. Go from there and do all the accounting stuff.

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Sounds like a credit union. Credit unions are such a totally revolutionary idea but they sound like “credit cards” and have been around for a long time because the conditions under the dying vertical economic system wasn’t right. But in a flatter era their promise is just beginning.

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