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RE: Steem Loan Idea Being Explored with a loan to @mrwang managed by @virtualgrowth
I don't know if such a tool exists, but it may be a development opportunity that I just thought of - lets say user a wants a loan of $100, and 10 people each contribute $10; would it be possible for the "user a" to set beneficiaries of their post rewards to 10% for each of the users invested (or, however much; based on their "share") and then have this expire when the same value of rewards (+ agreed upon interest) is accrued?
Would solve the problem of organising a bitshares token for it; and potentially build a new 'app' upon the steem blockchain.
Merely conjecture, and I don't have the expertise to do this, but might be a better way of doing it, sort of as a loan bot. :)
If I'm understanding your idea correct.. sounds dope as hell.. something that could be used for tokens
agreed hmm steemit has unlimited potential!
I'll elaborate:
@mrwang wants a loan of $100 SBD
@virtualgrowth contributes $70SBD
@holoz0r contributes $30 SBD.
We agree on 10% Interest.
Therefore, your future post rewards are distributed as such:
70% to VG
30% to holoz0r
This continues until the loan is paid + Interest; and the beneficiary is then "expired"
I'm thinking of no token, but that also equals no liquidity for investors / lenders.
Is that how you understood the concept? Good luck with the F150!
if you made it into a token.. you could sell it as a note...
I think I understand it.. either way, sounds pretty cool and worth looking into further.
Thanks for the contribution and wishful thinking as well.
If you could sell that token and the "beneficiary" state in your rewards, that would be incredibly epic and make steemit a legitimate competitor to things like gofundme.
sounds awesome!!👍👍👍
Yes that may be potentially possible. Maybe we can think more about overall ideas we are exploring.
The entrepreneurs are showing up big time, congrats guys on this venture, it sounds like the real deal