I hadn't considered that, how do we know that any loans at all are being made? The dev could just sit there and dump portions of premine every single time the price picks up above 1 satoshi. Even at that level the premine will take 150 BTC to buy up, meaning the coin is going to stay at 1 sat with very few buy orders for a very long time no matter what. Even if the loans are being made the repayments will be made to the dev who will then use the payments to make even more loans out