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Launch HN: Dharma (YC S17) an open protocol for borrowing/lending cryptoassets

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Re: Launch HN: Dharma (YC S17) an open protocol for borrowing/lending cryptoassets

#112

Post by cfadvan »

integration wrote: post #102
asdsa5325 wrote: post #90

Earlier quoted context omitted.

> It’s like an insurance company calling itself “Gospel” Is that offensive? Doesn't seem like it to me.

Does “disrespectful” instead of “offensive” satisfy your need to play semantics?

What about it is disrespectful, and why should anyone care? It’s true that if you look hard enough, you’ll always find an offended party, but so what?

Re: Launch HN: Dharma (YC S17) an open protocol for borrowing/lending cryptoassets

#114

Post by seibelj »

jbob2000 wrote: post #109
seibelj wrote: post #101

Earlier quoted context omitted.

No, this is akin to building a protocol. The creators of HTTP are not in trouble when someone uses the web for illegal activities.

HTTP is not intrinsically tied to finance, though. This is specifically a protocol for financial transactions, for sure it would fall under AML laws.

I’m sorry but you are mistaken. I think you should research this technology more.

Re: Launch HN: Dharma (YC S17) an open protocol for borrowing/lending cryptoassets

#115

Post by chii »

dustingetz wrote: post #85
edent wrote: post #42

There's something I don't understand about Smart Contracts. Normal contracts are written by lawyers. They are reviewed by both parties' lawyer. Sometimes, after the contracts are signed, the lawyers disagree what a particular provision or clause means. At which point, they either negotiate or sue. In which case, a human judge weighs up the case and decides. How do disagreements work with smart contracts? I assume som…

Consider finance options contracts. It's math, there aren't ambiguities, "that's not a bug, it's a feature". Also consider that if lawyering was not an available tool in software contracts, there would still be a game theoretic equilibrium, just a different one, but markets would still function. Before contract law there were other coordinating forces, such as royalty and religion, and things worked out well enough.…

> such as royalty and religion

That's because they had the power to go to war to enforce their contracts. Etherium holders do not have such power, so ultimately, relies on the country's laws to enforce the smart contract.

Re: Launch HN: Dharma (YC S17) an open protocol for borrowing/lending cryptoassets

#116

Post by jakecrouch »

bpforster24 wrote: post #104
jakecrouch wrote: post #84

What is the advantage of using the blockchain rather than creating a fully centralized debt exchange?

I'd recommend reading this blog post we put out. It explains better than I can in a short comment: https://blog.dharma.io/dharma-an-open-protocol-for-generic-t...

I am interested in knowing if there are advantages to using blockchain generally outside of Bitcoin - I don't understand it in this case from reading the post. A centralized exchange could be fully transparent, publishing every transaction, and handle every type of debt, if it wanted to.

Re: Launch HN: Dharma (YC S17) an open protocol for borrowing/lending cryptoassets

#117

Post by [deleted] »

jabgrabdthrow wrote: post #31
romgrk wrote: post #12

`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.

As a lighthearted differentiator I was going to have “The RSS Koran” instead of “The RSS Bible” but I got death threats

[deleted]
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