Dharma
Finance and crypto
peer-to-peer lending protocol
SHOW HN2017
How HN took it
2 positive, 13 neutral or asking, 1 mixed, 12 critical, out of 28 comments about the project. Thread score -0.25.
Idea: 0 for, 6 againstDesign: 0 for, 4 againstExecution: 0 for, 1 againstDocs: 0 for, 1 against
The thread, comment by comment
Each row is a top-level comment and its replies, in HN's order. Select a cell to open that comment on HN.
positive neutral or mixed critical about another commenter or something else the maker
What HN said
What people liked
Impressive accomplishment for a small team on Ethereum
From 1 comment
This project is simultaneously a great example of the democratizing effect of Ethereum while also being truly terrifying. A Stanford '17 grad with a few internships worth of…
buckie on HN
Interesting idea for autonomous loan repayment
From 1 comment
I would love to see the loan be able to (or better yet, enforced that it is) used as a funding source in a smart contract. Provide an API for funneling revenue in the client…
alistproducer2 on HN
Objections
Smart contracts are risky and bugs could lose money
From 2 comments
This project is simultaneously a great example of the democratizing effect of Ethereum while also being truly terrifying. A Stanford '17 grad with a few internships worth of…
buckie on HN>it's not imprecise to say that a more complex code base that didn't follow the best approach available likely has a bug. It is imprecise because the Parity multisig bug is an…
Jabanga on HN
Credit risk and identity checks are weak
From 2 comments
- The maker's post
Credit-risk assessment is indeed the most brittle aspect of what I'm building. In short -- borrowers have to get a cryptographically signed attestation from what's called a Risk…
nahollander on HN
Unclear what the use case is for borrowers and lenders
From 1 comment
I'm struggling to understand what the use-case of this is, both from a borrower and a lender viewpoint? Who would use this and for what?
mcjiggerlog on HN
Legal enforceability of code-as-contract is uncertain
From 1 comment
> I'm not saying you shouldn't do it (I wouldn't but you do you) or that you must have more exp to do it. I'm just recommending to be careful. Have fun and good luck! OP should…
bjl on HN
Requests
Get formal verification or audits of the contracts
From 2 comments
have you attempted to apply any formal methods (coq, isabelle, tla, whatever) to your code? or will you be content with mere auditing?
sigstoat on HNNo need to forgive. You're not wrong nor naive. I'd pin the difference as one of personal risk tolerances. I have much less than you, that's all. Right now Solidity is the only…
buckie on HN
Feedback on the CLI
From 1 comment
Questions
How is borrower creditworthiness assessed and borrowers punished for default
From 2 comments
Forgive what might be an obvious question, but though I see there is a concept of trying to determine the risk of a loan, it isn't clear to me how that is actually done. What is…
nicpottier on HNHow does a RAA ( so far Dharma INC) grants initial credit worthiness to new borrowers ?
luizb on HN
Why use Ethereum given the DAO hacks and Solidity criticism
From 1 comment
With all the DAO hacks and criticism of Solidity, why would one use Ethereum?
primeblue on HN
Release date for the loan browser
From 1 comment
Very nice work. Is there an estimated release date for the Dharma Loan Browser?
sm4sp on HN
Why the name Dharma
From 1 comment
I know this is off topic, but why the heck is it called Dharma? Just a cool sounding eastern word? It's like calling something 'The Gospel' or 'The New Testament' or the 'Quran…
jmagoon on HN
Alternatives named
Civic.com identity verification
From 1 comment
Could something like Civic.com be used for this?
zazpowered on HN
Tala microfinance
From 1 comment
Exactly. Tala's a great analogy insofar as developing world microfinance faces a lot of same challenges Dharma will likely encounter -- namely the lack the of legal recourse for…
nahollander on HN