4 ms·

>Can you go into specifics here? I'm not really understanding. It sounds like a security deposit, of a type. For example, I had to leave one of my shoes at the

>Can you go into specifics here? I'm not really understanding. It sounds like a security deposit, of a type. For example, I had to leave one of my shoes at the front counter of a store that hosted a small gaming LAN in the back.

homogeneous 10y ago
If that's the case then I'm confused as to where the cryptocurrency comes in. A security deposit works just as well with fiat cash as it does with cryptocurrency and in your example there is no money exchanged at all.
- jsprogrammer 10y ago
  Money is only a token of value. What if you were unable to accept cash (for example, you are on vacation)? Wouldn't it be useful to make a deposit on a car, right before you use it? What hasn't been explained here, are what guarantees the depositor receives.
  - homogeneous 10y ago
    I just don't see how ethereum (or even bitcoin) is useful here. If you make a deposit on a rental vehicle then the deposit will be returned when you return the vehicle as it was given to you. Why is a smart contract needed?
    - jsprogrammer 10y ago
      When you do not want to be there to physically collect the deposit?
      - homogeneous 10y ago
        Certainly a smart contract is not necessary for that.
        jsprogrammer 10y ago
        Can you link to such an implementation?
        homogeneous 10y ago
        I'm not really sure what you're asking for. If you're looking for a system capable of accepting payment without an attendant there are many. Here is just one example: http://bw-2e2c4bf7ceaa4712a72dd5ee136dc9a8-bwcore.s3.amazonaws.com/articles/WalmartSelfCheckoutlarge.jpg http://bw-2e2c4bf7ceaa4712a72dd5ee136dc9a8-bwcore.s3.amazona... If this is not the type of device you're talking about please be more specific.
        jsprogrammer 10y ago
        I was thinking of a system that would let you place a deposit immediately before rental (imagine a rental car in a public lot) and then automatically receive your deposit back when you are done with the car (which was possibly even left in a different lot). I'm thinking the car would use its sensor system to detect if any damage might have occurred and if not, it could trigger the return of a deposit as soon as the vehicle is locked.
        homogeneous 10y ago
        The system you describe is already possible today without the need for a smart contract.
        jsprogrammer 10y ago
        Can you link to an implementation? Admittedly, I don't really understand the distinction of a "smart contract". I am only describing the function of the system that there was some confusion over.
        homogeneous 10y ago

homogeneous 10y ago

If that's the case then I'm confused as to where the cryptocurrency comes in. A security deposit works just as well with fiat cash as it does with cryptocurrency and in your example there is no money exchanged at all.

jsprogrammer 10y ago
Money is only a token of value. What if you were unable to accept cash (for example, you are on vacation)? Wouldn't it be useful to make a deposit on a car, right before you use it? What hasn't been explained here, are what guarantees the depositor receives.
- homogeneous 10y ago
  I just don't see how ethereum (or even bitcoin) is useful here. If you make a deposit on a rental vehicle then the deposit will be returned when you return the vehicle as it was given to you. Why is a smart contract needed?
  - jsprogrammer 10y ago
    When you do not want to be there to physically collect the deposit?
    - homogeneous 10y ago
      Certainly a smart contract is not necessary for that.
      - jsprogrammer 10y ago
        Can you link to such an implementation?
        homogeneous 10y ago
        I'm not really sure what you're asking for. If you're looking for a system capable of accepting payment without an attendant there are many. Here is just one example: http://bw-2e2c4bf7ceaa4712a72dd5ee136dc9a8-bwcore.s3.amazonaws.com/articles/WalmartSelfCheckoutlarge.jpg http://bw-2e2c4bf7ceaa4712a72dd5ee136dc9a8-bwcore.s3.amazona... If this is not the type of device you're talking about please be more specific.
        jsprogrammer 10y ago
        I was thinking of a system that would let you place a deposit immediately before rental (imagine a rental car in a public lot) and then automatically receive your deposit back when you are done with the car (which was possibly even left in a different lot). I'm thinking the car would use its sensor system to detect if any damage might have occurred and if not, it could trigger the return of a deposit as soon as the vehicle is locked.
        homogeneous 10y ago
        The system you describe is already possible today without the need for a smart contract.
        jsprogrammer 10y ago
        Can you link to an implementation? Admittedly, I don't really understand the distinction of a "smart contract". I am only describing the function of the system that there was some confusion over.
        homogeneous 10y ago