It looks like you are talking about lending where the principal return is guaranteed by covenant at maturity. This make the net present value of the loan zero.
e > On May 3, 2022, at 11:03, Chris Belcher via bitcoin-dev > <bitcoin-dev@lists.linuxfoundation.org> wrote: > > Hello ZmnSCPxj, > > Such a system will have to be publicly advertised, in the same way we see > centralized cryptocurrency staking shops buying ads all over the place. > That's how they'll make retail hodlers aware that renting out your coins in > this way is possible. If JoinMarket/Teleport users notice such ads appearing > then we could change the taker code to remove the intermediate certificate > keypair, and have the fidelity bond UTXO key sign the endpoint (IRC nickname > or onion hostname) directly. This removes the possibility of fidelity bonds > in cold storage. It would have to be done for privacy, and it wouldn't be too > bad. Right now there's no cold storage solution for fidelity bonds yet > JoinMarket has about 600 bitcoins locked up and advertised, which must be all > on hot wallets. > > Best, > CB > >> On 03/05/2022 06:26, ZmnSCPxj wrote: >> Good morning Chris, >>> Hello ZmnSCPxj, >>> >>> Renting out fidelity bonds is an interesting idea. It might happen in >>> the situation where a hodler wants to generate yield but doesn't want >>> the hassle of running a full node and yield generator. A big downside of >>> it is that the yield generator income is random while the rent paid is a >>> fixed cost, so there's a chance that the income won't cover the rent. >> The fact that *renting* is at all possible suggests to me that the following >> situation *could* arise: >> * A market of lessors arises. >> * A surveillor creates multiple identities. >> * Each fake identity rents separately from multiple lessors. >> * Surveillor gets privacy data by paying out rent money to the lessor market. >> In defiads, I and Tamas pretty much concluded that rental would happen >> inevitably. >> One could say that defiads was a kind of fidelity bond system. >> Our solution for defiads was to prioritize propagating advertisements >> (roughly equivalent to the certificates in your system, I think) with larger >> bonded values * min(bonded_time, 1 year). >> However, do note that we did not intend defiads to be used for >> privacy-sensitive applications like JoinMarket/Teleport. >> Regards, >> ZmnSCPxj > _______________________________________________ > bitcoin-dev mailing list > bitcoin-dev@lists.linuxfoundation.org > https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev _______________________________________________ bitcoin-dev mailing list bitcoin-dev@lists.linuxfoundation.org https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
