As a token of trust, I can post a picture of 2 oz of gold coins with LEND5 written on a white paper. I have no problems handling debts in the ballpark of 10 BCH.
He might make the first few payouts, but you don't want to have to rely on a single social media user for dividends, or anything really. Better to go with decentralized options
Isn`t that what im doing when I paid you back ? and will keep doing that to you again and others too. I will even list smaller amounts of LEND5 so that the risk is lower for borrowers.
Your approach is more transparent since it's pretty much all onchain, and you'll build up trust over time. But a fixed income crypto lending scheme run by one guy is shady af
Several lending sites on crypto, like BTCPop, Bitbond, Poloniex to mention a few does it this way. They are not alone, every other lender in the worlds also does it that way.
Many crypto lending sites list and fill loans with borrowers who offer no collateral, other than their previous payment reputation. This token is no different.