4 ms·
The ‘how it works’ example is terrible. Bob can borrow $10 but he first needs to loan $15 to the smart contract? That makes no sense at all: if he had $15 spare
by joosters 5y ago
The ‘how it works’ example is terrible. Bob can borrow $10 but he first needs to loan $15 to the smart contract? That makes no sense at all: if he had $15 spare, he wouldn’t need to borrow $10 in the first place!
- UncleEntity 5y agoBob is borrowing a $10 item so he and the lender (Lisa?) put $20 between them into a smart contract until Bob’s tired of the item then the $20 goes to GreenPeace or whoever. Minus gas fees. Or maybe GreenPeace only gets the money if Bob makes off with Lisa’s blender and they both get their money back if the blender gets returned, dunno?