Ending and starting the day with Hive. ^_^
While listening to your talk about the sovereign debt crisis and the collapse of confidence in government, something came to me. Its about common people's access to credit. I don't know the situation in the US, but here in the Philippines, ordinary people like me does not have access to the credit market. Yes, they can lend you a minimal amount. At least you can start with $100.00 with a 5% monthly interest, but I am not talking of such amount. For me, a credit of $2,000.00 is a good start. Just curious if there is already an existing Dapp either on Hive or in crypto space in general that gives low income people access to credit market using their digital assets as collateral.
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Nothing I know of on Hive yet although there might be some projects people are working on. There was something called Hiveloans that did not make it out which was going to allow people get loans using their Hive Power as collateral.
You are right. This is one of the biggest issues globally. Credit is not available to most people in the world, which is stunting global productivity. A lot of small businesses are either not started or cannot expand because of this.
Hopefully that is something we can solve with cryptocurrency. It is not so much crypto as the platforms we build out to help people.
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