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A third party guarantor is different from THE third party guarantor though, no? I only follow blockchain/ICO events from the peripheries so I'm sorry if I'm gr

• sp527 9y ago
  The problem is trust: why would anyone trust anything other than THE third party guarantor, who has enough available capital and an established reputation for providing recourse? Would you ever trust some random, small-time agent to collaterize a smart contract you're involved in? That's obviously foolish. Even trusting a mid-size agent is foolish. You don't know how these people are operating, and whether they might go insolvent the very next day. This is one of the primary reasons we have large, regulated, centralized institutions in the first place.