From slack channel:
can someone explain wetrust in under 5 sentences?
Lending and borrowing from people you trust instead of banks
Let's say you lend 100$ to a friend
[10:52]
If you lend small amount then it's just reputation lost - you know that given friend is unreliable
[10:53]
If you lend substantial amount you can go to court with it to start collection process
[10:54]
Insurance is pointless in such case because insurer could just lend money to your friend and get 100% risk - there is weak inventive for your friend to repay if he will not suffer consequences from not paying you back
Why I need to use WeTrust to borrow from people I trust? It's just a joke.
Hey my brother, I want to borrow some money from you.
Okey, let's use WeTrust.
WTF?
Can I call them online escrow? But I strongly dislike with his idea. Your word makes a sense for me at least the borrowers are the unknown person and I can say that idea will being rational in my mind.
and again fud attack to succesfull ico, every great project always has troll and fudder what next? maybe soon you will say taas is a scam project too
WTF are you doing in here? The people are free to express his impression or feedback about the ico.
It's not prohibited by some reason.
Try to look at his white paper and you will see more nonsense word by the team about the trust token.