Bitcoin Forum

Is there a coin that exists that does this, or at least any papers discussing how it could be carried out in a manner that minimizes or totally makes loss/fraud ? I've seen that crypto-currencies do not seem to have a proper means of paying back coins. Is there possibly ways to solve that fundamental issue, ie someone take a loan and runs off ?

If you are looking for this type of coin, you'll find most of them as scams.

With this idea, you can see on how people of the forum are running this type of business on Lending (https://bitcointalk.org/index.php?board=65.0) but there's only specific coin that they are allowing to lend and to accept as collateral.

There will be no such blockchain or cryptocurrency that would dare touch the lending market at this market is decentralized without the knowledge of who you are transacting to and it will beat the concept of decentralization as it would need the help of banks to know the standing credit of a person or lender. So there is no way to solve the issue that you are referring to unless the blockchain will be centralized.

I don't don't think there are those types of market. That will be market manipulation and that is not acceptable. Anyways a coin can perhaps pay dividends depending on the project you'll join.

There is none. Collateral is a must.
Even trusted people here cannot just get coins or tokens without anything for exchange.
You wont find any here.
Even ICO projects that are created will need information of the borrower just so to make sure they wont run away.

I think you will do the same if you are the lender.

If you are interested in these coins maybe you will end up having some scams. But high payment involves high risk always. Better keep an eye on others who already invested there.

I don't think there is any coin exist like this , when something offer you way more facilities then there is must be some issues,  only very special and certain kinds of coin offer you this facilities and rest others are scams so one need to be very knowledgeable about his transaction otherswise dealing with this kind of browsing is not safe at all

Blockchains are not centralized which beats the whole purpose of lending coins etc, as you would need information to whom you are lending to, so a platform like this cannot see a future with lending activities in a decentralized market.

BTC or Crypto market as not following trendy bank market theory makes itself different from the usual financial marketplace. The lending thing doesn't go with the Blockchain theory in that much legitimate way. So, lending can be done by third-parties but thousands of them are just scam and fraud place where you'll probably get cheated. You may simply get this idea out of your head to do legitimate and solid business.

Actually this is very rare in crypto market. Some have but I think those are for scamming. Those are lending to invest in crypto market most of them are taking something as collateral also.

Even if you find such cryptos then they will be scamming you. The whole idea of cryptos will become void if they start to be loaned or borrowed as cryptos are a decentralized currency system an for lending you will also need an intermediary or third party that will record the activities which is right now impossible.

We had a deal with a lot of 'lending platforms or coins' in the past. They all turned out to be nothing but ponzi schemes.Not a single one survive.There are no such free stuffs.

I think it would be bold to touch the debt market that would be such a blockchain. This market is decentralized without the knowledge of reaction. So blockchain will not be centered if you are not mentioned that there is no way to solve the problem.

As maximum coin crypto market are follows  blockchain technology and decentralized system may not this issue can be solved.

In my opinion it is not blockchain policy it will be a scam. You should be careful here. It will be a lending market. You should get more knowledge about this. Which are help you to get profit in cryptomarket.

From my point of view crypto and blockchain is the decentralized system. As I know till now there is no system for lending or borrowing crypto. You will find the majority are scams, if you looking for this types of coin.

From my point of view this is not possible. Till now I am not hearing about this issue. Crypto and blockchain is a decentralized process. If you see this please go through the details I think most of this are scam

Yeah sure there are some platforms that offers crypto lending and borrowing, at least I know of fintrux but they have not release their project, i think it is schedule to be released by end of this year.

I think it is a wrong move for anyone to lend or borrow cryptos as there is a 50-50 chance of losing and retaining it. But, if we can ensure a system (like banks) who are credible, will use our cryptos to loan other people and return us a divident from their profit then it will be great. But, it would be a costly project and may take a lot of time.

If these type of projects catches anyone's eye, the first step is to get as far away as possible. Because these are the scammed projects where they offer such sort of bogus and non-existent deals.

I've taken time to read the replies in this thread and have been studying and researching all the points raised.

In summary, there are three key issues that need to be solved, namely

1) Collateral
2) Preventing fly by night actors
3) A means to collect the funds + interest

After watching a talk by Andreas M. Antonopoulos where he briefly mentioned the concept i'd like to add two additional issues :-

4) Minimizing individual/institutional risk
5) A simple yet secure method of verifying a debtor/creditor's identity

Borrowing from existing analogue systems, i'm hoping to get down to trying to come up with solutions to all the above. I already have some idea of how to perhaps approach some of the issues, but for the moment these thoughts have not yet formed into ideas i can articulate properly and explain.

If anyone is interested in tackling this problem, i'd be most grateful for any assistance/ input you can provide.

One thing that i do see posing issues (just one of the thoughts rattling in my mind ) is if it is somehow possible to do this without users having to submit their personal data to some centralized entity. If that is solved, maybe we'll see something materialize and we can write a paper on it.

I don't don't respect thither are those genre of market-place. That disposition be market influence and that is not bunco. Anyways a boodle conceivably pament dividends calculating on the presentation you'll agglutinate.

it seems, that coins like that do not exist and neve wil be. Why ? because in other side, every coins and as long there's a demand and supply, its hard to give that coins reach the payback unless its really have a great potential in the future and already realize in real life. So far people that involved in crypto are just to gain every single profit they can get, no matter what happen.

There are many projects which offer lending platform. Some of examples are ETHLend, Fintrux or MoneyToken (its advisor is Roger Ver - the creator of Bitcoin Cash). On this platform you can lend or borrow and you will be always safe ;).

Hello

Since my initial concept discussion I have been working in the background to develop a platform and am now opening it to alpha testing. If you are interested, please visit www.blockworkz.co (http://www.blockworkz.co) and register, your account will be credited dummy funds for you to try out.

After the alpha testing period, i will take the feedback and try to apply as much of it as possible then go on to beta testing. Hopefully a full functional release will be available for widespread use in a month or two.

Please do not deposit any funds, use the dummy funds. As additional precaution, i will take the coin wallets offline.

I've seen projects that offered to solve the lending problem, but not one of them got to release, most were just a Scam. In addition, it should be a centralized project, like Ripple. So I don't see any way to solve the problem you're talking about.

Hello

As you can see, there already is a "release", and there is no "scam" here as I clearly stated that interested parties are free to sign up and test the platform using dummy funds. If you'd like to see how the problem was indeed solved, feel free to sign up... it is free after all.

I think it would be difficult to see a stable and self sustaining lending project because the market itself is unstable. Better to use something similar to an insurance if you want to secure your money though it is also difficult to find a legit one that meets your requirements.

A lot of scams lately, eh? It's hard to trust anyone here in this industry because all first impressions of us are scammers.

In order to give a loan you need to know who they are issued to. And since crypto is anonymous, it will be very difficult. Therefore, the credit system will not be able to work properly in the field of crypto.

Even though it's difficult to find the "best coin" that fits you well, it doesn't mean that you will never find it. To do so, one must indulge himself to the latest news about cryptocurrency and be open minded to new ideas and projects in the market. New ideas such as the upcoming exchanger of Bitrus (https://bitrus.com/worldcup/?utm_source=ccwc) might help you by having more options to add in your strategy to earn more and expand your business in this industry. Knowledge is the key to success in any career that one wants to pursue.