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RE: PROPOSAL - Hive.Loans 60 Day Rapid Development Funding Proposal. A Complete Operational Overview of the Innovative "Account as Collateral" Zero Risk Lending Model - Cleverly Leveraging HIVE Blockchain Functions to Facilitate Risk Free Capital Loans.

in #hive-dev • 5 years ago (edited)

Even if you change the master password there is an additional risk for the lender during the first 30 days while the change in the account recovery kicks in. One way of mitigating that could be to release in installments until that change is irreversable.

5 years ago in #hive-dev by
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     5 years ago  

    Yep! One of the prerequisites to being able to access the ability to accept lending contracts is having a whitelisted recovery account for >= 30 days prior to attempting to get a loan.

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       5 years ago  

      Cool! Anyway I voted for your proposal. We badly need this type of development. Have a great day!

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         5 years ago  

        Thanks for the vote! And also seriosuly thank you for pointing out a potential alternative method in handling account control. Will look into what you've stated and see if it fits into the future application model anywhere.

        Have a gooder!

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