If Bitcoin backed loan becomes widely available on many platforms and exchanges I sure hope it has a proof of reserves aspect built into the system.
Discussion
I was thinking about this. If I send my coin to a lender, I want the same coin to sit at the same address I sent it to, until I pay off the loan, or withdraw excess equity. No reason it shouldn’t, right?
Exactly, no loan should be built on full faith and trust, even if they decide to use my sats in exchange for a loan I want to be sure I get the same amount of sats back at the end of the term
