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0 sats \ 2 replies \ @OgFOMK 31 Dec 2023 \ parent \ on: Loan shark: Super Testnet's non custodial, bitcoin only borrow and loan tool bitcoin
Thank you for clarifying that. The lender would need to somehow back himself up but the borrower is not affected.
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10 sats \ 1 reply \ @supertestnet OP 31 Dec 2023 freebie
The lender can use the backup button to download a copy of his transaction details and tell his heirs about the contract. They can then upload the backup file to the website the day the contract expires, and the website will automatically sweep the collateral into their wallet for them if necessary, otherwise it will show them that the borrower paid off the loan and their new balance will show up as expected in the wallet
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0 sats \ 0 replies \ @OgFOMK 31 Dec 2023
Nice! I hope you can use this for the manual! Great stuff.
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