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Max Keidun

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58
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2021-03-03
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2021-03-03
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  1. “We recently published our results for first three and a half months, actually for first four months. So it's more than the loans that were issued through our peer-to-peer platform. And again, not by us issued, but it's peer-to-peer. This is the important thing. It's more than 3 million of USD value already issued for the first four months.”

    2021-03-03 · We Study Billionaires · BTC015: Bitcoin Peer to Peer Decentralized Lending w/ Max Keidun from Hodl Hodl (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  2. “And we still have some central points of our infrastructure and system, but we are moving in that direction. I would say we are semi-decentralized and we're not trying, honestly, we're not trying to compete with other Altcoin-based solutions. We're trying to compete here with custodial solutions that actually majority of solution in Bitcoin. And if you are familiar with core principles of Bitcoin, the one core principle that everyone should know is not your keys, not your coins. So obviously what we're doing, we're trying to bring very complicated non-custodial”

    2021-03-03 · We Study Billionaires · BTC015: Bitcoin Peer to Peer Decentralized Lending w/ Max Keidun from Hodl Hodl (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  3. “I actually don't know. I know that some platforms are using the same approach that we have. So they have a key and they effectively try to solve the dispute and help, well, they bring an arbiter in and they're trying to solve this dispute. Some contracts on Ethereum are, I wouldn't say they're a bit more sophisticated, but they're a bit more difficult. So there's some kind of level of automation. So basically, if you perform A, B, C, D action, you will be able effectively pull out the escrow or it's something will be performed. So most of the time there's some kind of level of automation to that, which on the one hand is good. On the other hand, as we see from our experience, people always find a way to negotiate terms that they like both. That's the basically idea. I wouldn't say that land on huddle hole is purely decentralized because we still have a website.”

    2021-03-03 · We Study Billionaires · BTC015: Bitcoin Peer to Peer Decentralized Lending w/ Max Keidun from Hodl Hodl (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  4. “Actually, we're lucky, but there wasn't any dispute yet on the landing platform. On a trading platform, they are there because it's like the trading platform, there's a higher frequency of trades, they're higher frequency of different contracts, and people sometimes, there's also some kind of level of not very honest people on the platform, which is any peer-to-peer platform, they have this issue. There should be a dispute resolution system which we have in place. But most of the time, disputes are solved between two parties because there's, again, there's a game theory. One party doesn't want to leave Bitcoin on an espro. Another party wants to preserve reputation or whatever. There's always some kind of interest in that. So most of the time, we're actually not needed and we don't even co-sign this because they solve these issues between them.”

    2021-03-03 · We Study Billionaires · BTC015: Bitcoin Peer to Peer Decentralized Lending w/ Max Keidun from Hodl Hodl (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  5. “Publish your offer, and it's purely peer-to-peer interaction. There's no central authority and a hodl in that case only provides the technical tools for you to perform all actions that you actually need to perform. So that's how it works.”

    2021-03-03 · We Study Billionaires · BTC015: Bitcoin Peer to Peer Decentralized Lending w/ Max Keidun from Hodl Hodl (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  6. “The address is unique. It's generated each time for each lending contract. And why it's peer-to-peer? Because you can go on our platform, you can post your own offer with your own terms, with your own interest rate, whether you want to borrow, whether you want to lend money. You just need to find a counterparty, which is also most of the time. It's just individual retail person. We already actually see some interest from institutional players that are approaching us as well. So, yeah, and that's why it's peer-to-peer. So basically you are becoming effectively a lender or borrower, and you can become it on your own terms. So you can publish, for example, I'm ready to pay 10% interest. I need to borrow 50,000 worth of USDT or USDC or whatever, and I want to do it for, let's say, six months.”

    2021-03-03 · We Study Billionaires · BTC015: Bitcoin Peer to Peer Decentralized Lending w/ Max Keidun from Hodl Hodl (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  7. “Person who is the wrong person. And we can, together with another party, we can allocate funds towards the winner. So basically, escrow works in pretty simple way. You need two keys out of the three in order to release funds from that escrow. So it's basically there's a game theory in that. So you need to reach a consensus in dispute, for example, in order to do something with these funds in the CESCO. What does this mean?”

    2021-03-03 · We Study Billionaires · BTC015: Bitcoin Peer to Peer Decentralized Lending w/ Max Keidun from Hodl Hodl (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  8. “We've launched the lending platform, which is called Land at Huddle Huddle in October 2020. It's actually based on technology that we've been using for three years before that in our trading part, which is multi-sig, Bitcoin Multisig, two out of three. So basically the multi-sig has, you can call it also an espro. Let's call it like that. It's easier to understand, especially for non-technical people. So it's an escrow with three keys. Each key is distributed between the parties that are involved in this specific contract, whether it's a trading contract or a lending contract. Let's talk about just lending part. It's peer-to-peer, and there are three keys. One key goes to the lender, one key goes to borrower, and one key goes to platform, hoddle huddle. In case there is a dispute, we can engage in that dispute.”

    2021-03-03 · We Study Billionaires · BTC015: Bitcoin Peer to Peer Decentralized Lending w/ Max Keidun from Hodl Hodl (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT