[DropInIn]

Any asset Off Chain must be validated Off Chain thereby adding external costs, which from my napkin math suggest the total costs would exceed traditional alternatives.

And that's without even addressing actually checking for encumberance of the asset, which then makes the whole thing no different than traditional contracts except for much higher costs, an inability to readily modify without significant expense (if at all), and more.

Without checking for encumberance Off chain the entire value proposition of an SC is a joke, as what the code says doesn't matter when a preexisting encumberance applies. (Ed: This applies to on chain assets as well)

And if you're going to say it's not for off chain assets then all your saying is that one essentially can only use existing crypto to secure a crypto loan, which undermine the point of the loan ever being obtained.

[latchkey]

> all your saying is that one essentially can only use existing crypto to secure a crypto loan, which undermine the point of the loan ever being obtained

Pretty sure my loans are perfectly not undermined.

[DropInIn]

Again, avoiding the issue with a allusory deflection.

[latchkey]

What's the issue again? Everything works fine for me.

[DropInIn]

I've been exceedingly clear.

All you're doing now is acting childish afaict, which just reinforces the view you've given of your position being based in immaturity, ignorance and idiocy.

Reread the thread and address the issue explicitly stated or just stop and accept your position is a failed one.