How will Slock.it prevent owners from physically preventing the renter from returning the item, thereby causing the contract time to run out and the deposit to be sent to the owner?
>>1109387
Financial incentive. Next question.
>>1109393
Elaborate.
>>1109398
ID linked Reputation system. Leading to financial loss
Decentralised insurance.
On blockchain escrow of funds.
>>1109418
Because it will all be based on financial interest. The market will sort itself out and find equilibrium. Either way, it will be a neat experiment. Of course there will be those who abuse it. But it is up for dApp creators to figure this stuff out.
>>1109418
Maybe you should ask the actual devs. There is a forum and i believe you should go to reddit.
Im just someone who is planning to invest in the presale.
Im pretty pleased as far as crypto investments go i'm all sold on the idea.
>>1109447
>the market will sort itself out and find equilibrium
Wot. You dont think people getting defrauded without ANY recourse will affect the market?
>>1109482
Of course there will be recourse.
Whats to stop an uber driver anally raping you then driving the car off a cliff? Nothing.
>>1109393
>Next question.
Ok. What happens if the renter damages the item and returns it?
>>1109486
What recourse?
>>1109489
Ethinsure + reputation system + deposit
