On: Ethereum: A Store of Value with Cash Flow [pdf]

[ArtTimeInvestor]

> The lender is one of the parties

The "parties" do not know each other. And it does not matter who put the contract up, who put assets in and who borrowed assets from the contract.

Because everything is in the smart contract. Even the assets. Are you aware that Ethereum contracts hold assets?

[lottin → ArtTimeInvestor]

Let's pretend the lender is "smart contract" (even though it's not). You lend X to the smart contract, and after a while the smart contract pays you X+y. Where does the y come from?

[ArtTimeInvestor → lottin]

> even though it's not

We should sort this out first. It does not make sense to discuss higher level concepts if we disagree on lower level concepts.