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These are great examples, and your point is well taken.

The https://loom.cc/faq system avoids this sort of nonsense altogether. An asset type such as 2fcb2b81bb96bb51cec88edcb4b9a480 might represent a real underlying asset being traded, but only the true issuer of that asset could create new units of it.

Anyone desiring to sell that asset short would have to create a brand new distinct asset type such as 6b17a53d425dbb15f933b98ace93e587. This new asset type would represent just that one individual's liability to pay back the original asset. So the new asset type would in effect be a simple loan contract.

With this approach, the supply of the original asset type 2fcb2b81bb96bb51cec88edcb4b9a480 remains completely unaffected, and nobody needs to panic.




I believe this is roughly how shorts are handled on the Lima stock exchange, through the mechanism of "Operaciones del Reporte" -- a peer-to-peer lending system on the exchange. These loans are fully collateralized, keeping the risk extremely low.


fexl, loom looks very interesting, and the maintainer (you?) actually touches up on some specific market-based ideas I've been sort of idly kicking around in the FAQ (e.g. phone service contract exchanges). Is there a way to get an invite/sponsorship to play around with the system?


Sure. I guess I could post it here, but maybe we could try hooking up at https://bonchat.org/9ff3842f90e90d5e with "katie tiny judd".

Or, more conventionally, visit the loom.cc web site and send an email from there (click Contact).


Please post and invite. I am sure many of us would like to try it.


7ae291850de6795268e019ee3e63c31a


taken


d302b24bb138e715e5c0cede42edd9f4

d9c48e12e7bf32fe3ce3410c4966b3bc


The d9c4 is retracted.


The d302 is taken.


afd4b44db6063e8a1286f9595c42822a


retracted


c1b1221342788225c1b60cd5d03a01a5


damn, I was to late. They have all been used. Sorry to be a PITA, but are you able to create a few more. Thanks.


Actually not, three are still available right now. I marked the two that were already taken.


Thank you sir. The two I tried happened to be the two that were used!


taken


I have simplified the section titled "How do I use Loom to accept payments from customers on my web site?"

https://loom.cc/?function=faq#shopping




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