How can a lending system work in a decentralized system ? Why would anybody pay back its debt?
Crowdfunding and kickstarter are decentralized lending systems.
The decentralized lending format could become more apparent in the guise of franchises like the game Star Citizen. Where some initial funders requested refunds. There are other lesser known cases where kickstarter projects failed to deliver on promises, which later went to the court system. In worst cases, the criminal justice system becomes involved.
Offering a percentage of interest to initial crowd funders is a variation on the same system kickstarter and other crowdfunding projects have utilized for years.
For crowdfunding where you don't have to pay back, thus one way traffic, a crypto lending coin platform could work perfectly. As now the commission that you have to pay is around 10%, which is huge I think if you consider millions that are collected.
Of if the project is very serious that you can trust that they will pay back.
So trust is very important. And this can lead to a scam of project where they raise millions, maybe billions.
But crowdfunding with one way traffic a cryptocoin platform could be excellent as this will lead to very low commission costs.
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I changed the topic name as mine question seems to be not coupled to decentralized token.