i've been thinking about making a contract that renders this service but somehow makes me a bit of profit. but unless i charge fees for deposits (no one likes this), i'd have to lend the deposits to people wanting loans to earn interest, and by that point, i'm a bank...
Discussion
Digital pumps hard at work fam, aslong as it’s bitcoin and doesn’t involved banks or 3rd party’s it could go some people are seeking functionality of btc and more use cases not just merchants and good etc etc
the last time i looked into Solidity and smart contracts, i didn't exactly find something user friendly. lots of pretty websites but not much substance. there's a bit of hype there, but i think smart contracts could be useful for many things.
Smart contracts have been around for about 40 years examples are the vending machines and candy dispensers. We just have to take em to the next level. Yeah shit coin land sucks ass for smart contracts bunch of dumb code and idiots running the fire sale id rather build slow with smaller groups and test networks and slowly gain relative data
a vending machine is a pretty decent analogy for a smart contract. it's a machine that handles money and renders a service.
lending in a trustless ecosystem is difficult because what if they don't pay back? you'd have to charge outrageous interest rates to cover the risk.
There’s a lot of tricks and back end things to do on blockchain. I used to code front running bots and so on, so much arbitrage out there.