BitShares Forum
Main => General Discussion => Topic started by: mf-tzo on May 03, 2014, 02:40:25 pm
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Any opinion on that?
https://btcjam.com/
There must be a way that we can make a DAC for p2p lending that is more secure.
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Why couldn't you just run an IPO for yourself or your business on Bitshares Me?
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I just read their about page, so I am not an expert on their business.
btcjam relies on some reputation scoring system but I didn't see any details in the "About". Not sure. TBH it seems kinda scammy to me. Not sure how you'd build a reputation system outside the existing ones (credit scores/criminal checks). Or for countries that might not have such a system in place like they suggest. Reputation systems can work, but they need time to build up data.
Once Bitshares had a reputation system in place, then perhaps this would be something for Bitshares. The other option as donkeypong pointed out is to sell shares in yourself.
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Why couldn't you just run an IPO for yourself or your business on Bitshares Me?
I agree! I don't think I would invest through BTCjam anyway. I would rather wait for a more reputation system or more trusted parties as you say through BitsharesMe.
However I think that a specific DAC for p2p lending will be the way forward. I believe it is better to have a "company" bringing all the borrowers and lenders together rather than having to choose between different IPOs through BitsharesMe.
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http://bitcoinist.net/loancoin-a-decentralized-crowd-lending-network/