Actually btcjam is not as good as bitlendingclub.com . They may get in trouble with trademarks in the future though...

They have a descent size blog that can give insights about how it works under the hood.

Wow! That's a really interesting discussion.

It would bring a lot of attention to bitassets.

Do you think their would be an interest in diversifying in currencies(bitcny/bitusd) or do it with a smart wallet type where the currency is automatically converted?

Help a newbie! :-)

There's no books or exercises to help you build a DAC because nobody has done it before. The best exercise is to pick an issue on the github and dive in:  https://github.com/BitShares/bitshares/issues

That said, your listed skills are desperately needed too! Getting paid by a delegate to do what you're good at might be good to keep you interested while you catch up to speed in the code.

Thanks Toast! To an extent if I were to participate in one I would use the delegate money as an ad budget until I can see organic network effect.

Is C++ is the language I need to learn?

I think if we could we should leave it on the bitshares blockchain and not create a new DAC.

Do you mean it shouldnt be a separate software? I would like to know more about why it would be better.

We could allow users from around the world to trade loans among each other as well as issue a loan to someone in a different country.

That is mainly where I come from.  I am in Canada and there is no way for me to get into it.

To make it international, there could be an internal credit score rating. Dont know how that would work though.

We could allow people to trade notes (loans) for almost nothing. Right now it's 1% to trade notes which is very high.

I am not familar with notes. I would love to learn more about that.

PS You have the same first name (Renaud) as the CEO of Lending Club... coincidence?
I think not! lol

Haha, I didnt know! Guess there is no coincidence.

Quote from: bytemaster on December 24, 2014, 04:22:12 am

The Devs hang around the forum all the time.   This is something we could really use some help figuring out how to market.

I don't think marketing this would be very hard at all. Everyone is always looking for a loan and word of mouth will help quite a bit.



The funny thing is they used a referral program back around 2012-2013 as part of marketing. Now I think they are just using word of mouth and targeted ads across the internet, as well as new stories/articles.

Also as I mentioned in the other post regulation shouldn't be a huge problem. Lending Club is slowly but surely taking care of regulation.

The biggest problem I see is what do we offer that is different/more appealing. We can't just mirror everything that Lending Club does and expect to succeed. We need something that separates us from the crowd. Personally I don't think the fact that we are decentralized is going to help with that aspect very much.

Great points. Usually companies with minimal marketing budget starts with boosted word of mouth (referral) and then move towards search ads.

Still,  the unique selling proposition must be crystal clear and the website has got to convert visitors into customers.

What could be different?  People can OWN shares in the DAC to add to their portfolio? International in a way the gov can't regulate too much? Multi-currency? Earn interest if no position is taken (bitusd yield)?

Quote from: bytemaster on December 23, 2014, 06:29:34 am

Collateralized lending is planned for BTS.   Unfortunately, what most people want is uncollateralized, trust-based lending.  For the uncollateralized model to work you need a global ID / reputation system and that is under development for BTS.

https://bitsharestalk.org/index.php?topic=9806.0

Good addon to the conversation.  Is there a Dev someone could refer me to?

Im a marketing strategist and this is a project I would like to sink my teeth into.

Congrats and may the force be with you. :-)