Quote from: LoyceV on Today at 07:01:45 AM

Quote from: straumat on July 03, 2024, 03:46:23 PM

when you apply for a loan to invest in a house, crypto-assets are not taken into account in your wealth…
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This platform would allow any bitcoin users to “prove” to anyone that he actually owns some bitcoin.

And the day day after your loan is approved, you lose all your Bitcoins in a casino.... See my point? Collateral is useless if the bank can't access it.

Quote from: Despairo on Today at 05:24:17 AM

It doesn't looks good, pretty much like a honeypot.

This will be a gold mine for $5 wrench attacks.

yep when using it as collateral for a loan it should be moved into a 2-of-2 multisig(escrow) where its giver, taker decide to sign out the value when conditions met. so no one side can steal funds without the other side agreeing

but for just proof of wealth, most wallets and websites scripts can verify a address, so i dont see a point in this topic creators "platform" to need a middleman just to certify wealth which would require more unnecessary parts thats already provided by bitcoin wallets