RE: Dharma Protocol: Tokenized Debt and Funding Through Decentralized Systems
I'm aware of the meaning of "Dharma". Actually, I was told it meant 'duty' rather than 'constitutional position'.
The "we" and "I" variation can get quite confusing. Two people run this account. We're into different areas of expertise so we combined our heads and made this blog to help battle misinformation.
I think your stance is debt is quite respectable, sir. Many people have the same opinion. But in this case, it is more toward a business vertical than personal debt. Whether we like it or not, we cannot deny the need for debt while trying to scale a small business into a much bigger entity.
I believe (and this is a wild guess) the name "Dharma" was chosen based on the accurate depiction you've given. The platform will judge your for your default risk; not your social status and beliefs. You will not be charged higher because you live in a poorer area of a city, you will not be given a lower loan because your father knows a local politician.
Thanks for your comment and support. It's greatly appreciated.
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Good to hear your further description of the loan system. Many thanks guys. I understand businesses often need to start with a loan. And your ethic sounds commendable.
Yes "dharma" usually is translated as duty and "Constitutional position" could be a deeper understanding of that.