cryptobank

Fractional Reserve Cryptobanking

Original Thoughts on Evernote

Updated Thoughts on Quip

1. Token First (Mintable/Burnable)
2. Send to contract (establish a lockup) + get CryptoBankNote Token
3. Burn tokens by transferring to 0x0 address - burn token
4. Submit loans to contract with terms (people accept loans???) -> People to generate different loan terms and vote on them like cryptobanknote
5. Off chain computation? -> DAO or something like that.
6. Governance??? (testnet) -> for loans to accept. Like the polychain type things. VC thing in favor because no need for external data feed. -> Colored Token (with different voting rights).

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How to use

1. Use node version --8.5.0
2. Use npm version --5.3.0
3. Clone this repo. git clone https://github.com/sourcenetworks/cryptobank.git
4. Install necessary packagesnpm install
5. Install testrpc with npm install -g ethereumjs-testrpc. More info here
6. Open a separate terminal window and issue command testrpc
7. Run tests with npm test. If that doesn't work, do truffle test