Just an idea I just had. Feel free to criticize and destroy it.
What can be done using the current system:
- Power Down to a 3rd party using the Outgoing Routes
- Someone could establish a "dBank" application to instantly lend HIVE to someone who wants to cash out while the account owner routes the power down to "dBank".
- Acceptance and interest can be charged based on the account's "credit score".
- Capital to be lent can be acquired via investment, paying no more than half of the minimal lending interest to investors.
- Credit Score for each loan would need to be calculated using a formula involving several factors like
- "Hive Reputation",
- account's age,
- account's posts,
- percentage of dBank's capital that is being risked with the loan,
- percentage of total Hive Power being powered down,
- total Hive of successful previous loans
- etc.
BUT:
- Needs too much trust amount those involved.
- Not exactly a decentralized bank.
- Needs a solid way to ensure loans are being payed, like a blacklist or something.
It is just an idea...
I think @klye is doing something like this, but centralized risk is not desirable.
I agree with this and will be making things as "headless" as possible coming up here in the near future. It's stressful holding keys and funds and not something I necessarily encourage anyone delve into. But for proof of concepts to test the market and skirt around the powerdown roadblock before I've had enough time to assemble a decentralized trustless version.. :D