Good tip. We should probably look into that.
393 karma · joined October 30, 2007
Perhaps there were many groups like us who had thought about applying a while and spent time editing their application before sending in the last few days.
I would say something like the credit-default swap market where you have individuals or institutions agreeing to insure new and existing debt. As we have seen, it would be a mess unless the P2P insurance company maintained a registry recording the transactions entered by the various parties.
Only thing is there may be a problem getting people to store information about their businesses etc online.