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Author Topic: BitCredit (nm not yet defined)  (Read 1354 times)
Viriatto
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Romans, Moors let them all come!


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July 26, 2013, 10:08:52 AM
 #1

Greetings,

I am here to theorotise with you about the safest way to build a public crypto-currency credit project.

On the past months, i've been providing credits to close people, meanwhile i needed to track all the clients, timelines, values and quantities, so i took some time to build this personal app, with notification system and some other useful functionalities.
The people i've been crediting, seem to target ASIC investments, leaving me has a happy crediter for knowing their investing on something they could actually pay me after.

Now im heading for a public project, Credit Requesters and Credit Providers would be the main role of the project, but the vulnerability of this system is centered on Requesters.
This requesters would need some proof of future payback, since Identity isn't the goal of bitcoin i wouldn't like to implement the need of personal information.

Credit Provider will be able to define credit plans with:
   - Amount of BTC
   - Payment Timings
   - Earning Percentage

I would like to brainstorm about Credit Requesters, even with a reputation system alike, we need to ensure this anonymous credits are trusted.

Would a Credit Requester system, based on reputation work if only approved by accepting 50% of the requested value @ 0 reputation? (new requesters)
Would a Credit Requester system, work based on type of credits and proof of investments? (Order ID, Payments,etc..)
During your reading got hitten by any storm lightning? (Idea) Please share...

There is no release date for this project, since we have no vision of a stable system yet, but as soon as we got something, a timeline will be defined for development.

Thank you,
Open your mind.  Roll Eyes
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