The idea is to have a credit system, where lets say 1 credit = 1Mbtc, to open an account you sign up, give as much personal information as your WILLING to give, and you start off with that base amount, so lets say you spend 1 BTC, it will take away 1000 credits, then you have to pay back 1.1BTC, interest rates will depend on your trust level. The more you pay off and the faster, the more credits you will be allowed, so after paying off 1.1BTC you get allowed 100 more credits + those 1000 credits.
Questions:
Would you be willing to sign up for this?
Would you invest in this, on crypto stocks?
This is just an idea, noting offcial yet, if ever.
This is a great idea since it involves loan and ability for someone to increased financially by securing low interest loan. The down side of this type of business is that you need some personal capital to start off before people starts bringing their money just like btcjam, you really need to work on your system securities against frauds of all types including not paying back e.t.c, Will I be interested? Yes, contact me when you are set up.