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`dharma` is the term we buddhists use to designate the (sacred) teachings of Buddha. Would you use `Coran` or `Bible` to name your project? Probably not. It would have been a good idea to take more time to reflect on your choice of name.
`dharma` is the term we buddhists use to designate the (sacred) teachings of Buddha. Would you use `Coran` or `Bible` to name your project? Probably not. It would have been a good idea to take more time to reflect on your choice of name.
Thank you for voicing your uneasiness with the name. Dharma in Hinduism connotates ""right way of living". I am aghast that what is sacred to us reduced to a marketing tag line. Couldn't these people look up wikepedia, https://en.wikipedia.org/wiki/Dharma , to realize this name for a crypo app is not going to go well ? Or are they intentionally tone deaf ?
Calling this a "Dharma Protocol" is more apt than people think, and I'm glad that you used the term.
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There are a ton of products named “The X Bible” where X = photoshop, c++, whisky... I don’t think it’s particularly controversial but then again I’m not a Christian.
In general, no, we don't find it offensive. The word "bible" is simply from the Greek word for book or books.
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I'm not the op, but fractional reserve lending isn't the only form of lending, and fixed supply isn't the only form of cryptocurrency.
Beat me to the reply :) Indeed, even with a fixed supply token, a borrower would simply have to come across the necessary amount of principal + interest in the loan term.
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I'm also a Buddhist (a savaka, technically). I have no issues with the name. If the name causes one person to learn what the Dharma is and to stop harming themselves and others, that's a great thing. It looks like a cool project too.
The main things that give me pause are (a) unadorned use of the word out of context and (b) the general level of scamminess I associate with crypto projects.
But yeah, 95% of all ERC-20 tokens are BS.
Congrats on getting to this point! Been following Dharma closely for a little while now as we (Kiva) have an interest in trying to increase financial inclusion and decrease lending costs for the world's poor and have been hoping Dharma may end up being one piece to the future of our work. Could you possibly speak to how you intend to enable KYC (Know Your Customer) / AML (Anti-Money Laundering) to work with Dharma? T…
We've pretty deliberately opted out of baking jurisdiction-specific protections (be they KYC / AML, accreditation, etc.) into the protocol insofar as we really want this to be a universal standard that's jurisdiction-agnostic -- to give a somewhat crass analogy, most developers would agree that it does not make sense for content-protection against, say, child pornography, to sit at the level of TCP / IP. Jurisdictions vary widely in how they treat lending law, and so we've opted to be as flexible as possible on a technical level.
With that being said, we're actively working on making sure that, at layers above the protocol, developers have an easy time plugging in / restricting functionality on the basis of regulatory parameters. There are several interesting projects in the decentralized identity space that are tackling ways of natively attesting to KYC / AML screening on blockchains like Ethereum, and we're actively in conversations with them to make sure we maintain compatibility.
`dharma` is the term we buddhists use to designate the (sacred) teachings of Buddha. Would you use `Coran` or `Bible` to name your project? Probably not. It would have been a good idea to take more time to reflect on your choice of name.
Earlier quoted context omitted.
There are a ton of products named “The X Bible” where X = photoshop, c++, whisky... I don’t think it’s particularly controversial but then again I’m not a Christian.
In general, no, we don't find it offensive. The word "bible" is simply from the Greek word for book or books.
Bible = book. Koran = recitation. Dharma = decree or custom. Karma = fate. Christ = anointed.
Another interesting semi-related one I remember about the Bible: the "Virgin" Mary was translated from the Hebrew "almah", which just means a young unmarried woman (not necessarily a virgin in the way we define it).
With any new lending platform I have to ask: What happens if I borrow assets, spend them, and never pay back the lender?