Comment for a loan against your STEEM POWER and vote to select best loan

Loan Pool : 0.014 STEEM & $0.084 SBD + 50% of SBD & STEEM will be available for loan after payout of this post (other 50% will be held in reserve)

Interest rate: variable, to be decided by the free market as deemed fair and reasonable (minimum 0.1 % ?)

• Minimum REPutation for a loan: ?
• Loan Time Frame: one (1) to seven (7) days ?
• Loan Requests to be less than amount of STEEM from a potential POWER DOWN from loan requester.

Steem Loans will offer loans based on what comment loan proposals which will be voted on that go to the top with most value and votes. This will serve as a potential way to get a loan against your STEEM POWER so you don't have to POWER DOWN.

Could some form of smart contract be utilized to serve as a collateral precaution. Should an honor system be used initially? Is this idea even viable? How might such an idea be implemented?