Anyone else think ELIX is trying to do too much? I think it should either be a crowd funding platform or a loan platform but not both. Its either a lending tree or a kickstarter. I think it should be just a loan platform.
I disagree, a loan is a loan, and ideally we want the crowd funding platform - lets say a business wants a loan but their bank offers a 2% interest rate, Elixir with its crowdfunding feature can offer a loan at 1.5-1.8% (For example) - So a bunch of Elixians crowdfund - the business is happy, Elixians are happy, the Bank on the other hand might not be too happy -- flash forward a few months and banks want to buy and hodl Elixir to distribute cheaper loans to each other.
things that do 2 things are awesome
example, Ethereum is blockchain + smart contracts.
google was a search engine, now makes phones, email, cloud storage, etc.
Amazon - 2 day shipping, video streaming, cloud storage, marketplace
i could go on but you get the picture
totally agree crowdfunding and loan can work together to make the platform grow, crowfunding plateform needs money to create project loans on the over and can help to make this money flow in, lending platform as we know it in the cryptoworld are more ponzy scheme than tangible loan. if the loaning interest came from people needing money and not new loaners it can be a healthy platform.