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Author Topic: Bitcredits Bitbank  (Read 766 times)
bitcreditscc
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December 28, 2014, 08:06:26 PM
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Today, its just the GUI + a few working modules , but this is what you can look forward to from Bitcredit in a month or two. Having serious difficulties with how to implement decentralized lending and collection so maybe i'll take those out if it can't be done properly.



A more in-depth explanation + white paper will come once i have at least half the functions working. Maybe if Supernet actually works, this wont be limited to Bitcredits would be awesome since people would be able to leverage their holdings in other coins for a loan in BCR, also some coins could choose to cease and be absorbed into the BCR ecosystem.

Stay tuned

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December 28, 2014, 08:23:42 PM
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Decentralized lending is the easy part. Decentralized collection will be hard one.
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December 28, 2014, 08:34:11 PM
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Decentralized lending is the easy part. Decentralized collection will be hard one.

I'm hoping to write those hand in hand with an automated collection "Janitor" that runs every cycle.  one possible idea was leveraging of existing crypto assets, however the idea was dependent on external systems for verification and security so i gave it up. If you have any ideas, please fill me in. Another one was designated addresses using something similar to multisig but that fails the bar because it can potentially interfere with  fungibility, which is key because the system must maintain at least pseudo-anonymity.

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