Ask HN: How to issue credit in crypto without collateral
I think that on the way to adopt crypto - is achieve feature parity with fiat, ie make payments easier, more flexible, add credit methods of payments.
Problem: How do you solve for lending in crypto, without collateral, without disclosing user identity
Two considerations that seem to be almost contradicting each other:
1) crypto is about keeping anonymity
2) for credit you would need to evaluate the person you are lending to, and prevent the person from misrepresenting themselves and stay accountable for the loan taken
Two considerations that seem to be almost contradicting each other: 1) crypto is about keeping anonymity 2) for credit you would need to evaluate the person you are lending to, and prevent the person from misrepresenting themselves and stay accountable for the loan taken
What are your thoughts?