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I'm imagining a smart contract that works like this:
- the lender commits an amount of cryptocurrency, say 100 coins, that will be transferred back to him at the repayment date.
- the borrower commits a smaller amount, say 10 coins, that will be transferred to the lender at the repayment date.
- in return the borrower gets a new type of digital asset (expiring coins) that he can then spend.
I was thinking this would not be viable. Unlike land which you can work/live on, the expiring coins are only good as currency, and won't be very desirable because they depreciate.
On the other hand, if it were viable then it could eliminate monetary crises since there can be no defaults.
So my question is:
- Is this something that has been discussed before? (because I could find anything on google)
- Could you discuss it yourself?
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