Brilliant idea, but why the crypto? Couldn't you simply do the collar + web connection... without crypto?
asxndu 2 minutes ago [-]
With what platform? Stripe, Visa and Banks that arbitrarily ban users?
tiffanyh 29 minutes ago [-]
Using livestock as collateral is one of the oldest ways to obtain a loan.
guess_who_is_it 42 minutes ago [-]
coindesk only promotes ztrash
tamimio 22 minutes ago [-]
This is how economy should work, based on physical tangible assets that owned/existed, not some imaginary value based on whatever speculation, that what ruined housing market, what inflated stocks and allowed cons to get wealthier, it’s also why a lot of companies make fake job posting or pr stunts, it’s all to inflate that imaginary market currency then use it to get a real cash, that should be illegal and is a form of Ponzi scheme fraud, if a house as-built cost is 70k, it shouldn’t be sold for 800k, and the owner shouldn’t be able to use that speculative value to get a 600k loan.
WalterBright 4 minutes ago [-]
It sounds like you're suggesting a barter economy. It works like this:
1. Bob grows oranges, and wants shoes
2. Ted hunts for meat, and wants oranges
3. Sam makes shoes, and wants meat
The only way this can work is to have a 3-way transaction. But with a money system, the money is traded without needing a 3-way transaction. It's much more efficient.
Rendered at 17:27:37 GMT+0000 (Coordinated Universal Time) with Vercel.
1. Bob grows oranges, and wants shoes
2. Ted hunts for meat, and wants oranges
3. Sam makes shoes, and wants meat
The only way this can work is to have a 3-way transaction. But with a money system, the money is traded without needing a 3-way transaction. It's much more efficient.