Here in this forum i see some potencial bussiness to be create such as lending or be an profesional escrow, do you guys have any idea to create bussiness using this forum?
Make sure you calculate the proper risk /reward ratios of each loan taker, you dont want to end up losing money to defaulters.
You have to take into consideration their rank, their activity, their posts, their previous actions, if they took loan before, if they defaulted before ,...etc
All these factors need to be considered before some1 becomes eligible for a loan, after all its a for-profit business.
Good luck friend!
you simply get the collateral (money's worth) if they decided not to pay you back.
Yea but a collateral is bullshit. You cannot ask for a 100% collateral otherwise taking the loan is useless.
Why would you take the loan and pay interest on it if you already got the money in another form.
But if you ask for 50% collateral you still have to deal with the other 50% risk, thats when you can rely on reputation and account behaviour.
You can and there are people that do because you don't want to sell and lose your account for all eternity if you need a short term loan, and you might not want to sell altcoins you hold and that you think will rise more than the loan interest during the loan time.