Firstly, I greatly appreciate that DreamSave is socializing this concept and inviting input from your peers in the industry. Tha's highly commendable.
I've heard about this concept from your team previously, yet I continue to have serious misgivings as to its true motivations and the potential for usury and profiting off the poorest. It's highly questionable that you're actually taking on 'the same risk' as an actual member, for whom a default could prove calamitous to their entire family, and your avatar certainly is not working hard for their returns, yet this infusion of capital from wealthy investors outside the group earns the very same high returns as the actual members.
I'm very eager for some clarity from you on this. I appreciate DreamSave very much, and I'm certainly in favor of opening capital sources for the poorest. But it seems that much more work needs to be done on ensuring a moral compass for this "investment opportunity" lest it become a scandalous stain on the whole industry.
Firstly, I greatly appreciate that DreamSave is socializing this concept and inviting input from your peers in the industry. Tha's highly commendable.
I've heard about this concept from your team previously, yet I continue to have serious misgivings as to its true motivations and the potential for usury and profiting off the poorest. It's highly questionable that you're actually taking on 'the same risk' as an actual member, for whom a default could prove calamitous to their entire family, and your avatar certainly is not working hard for their returns, yet this infusion of capital from wealthy investors outside the group earns the very same high returns as the actual members.
I'm very eager for some clarity from you on this. I appreciate DreamSave very much, and I'm certainly in favor of opening capital sources for the poorest. But it seems that much more work needs to be done on ensuring a moral compass for this "investment opportunity" lest it become a scandalous stain on the whole industry.