Thanks for announcing this @alexeychirkov, and for providing a place for community discussion on these sorts of matters relating to IDGeek.
l’ve spotted what I believe is a fundamental issue with how the platform works, but I’d like to confirm my understanding of how it’s supposed to work first.
As I understand it, SNS neurons are first transferred so that they’re under the control of IDGeek, which then allows them to be advertised for sale and/or arranged as collateral for loans. I find the collateral functionality particularly problematic.
How can IDGeek garauntee that if the lendee of a loan defaults (and does not repay the borrowed amount) that the SNS collateral will end up in the hands of the lender? I believe I can see scenarios where lenders are left out of pocket, completely uncompensated for their loss of the lent amount. I think I can see other issues too, but lets start with this one.