But I don't think you find a competitive loan here. Bitcoiners are still used to ridiculous rates from various scams.
2) I lend out my BTC and get back LESS of them. I end up with LESS BTC at the higher value.
Not if you just use BTC as transfer medium of value as I proposed.
Yep, using BTC only as transfer medium for the value.
Meaning:
- 1. The Lender buy bitcoin worth 6000$ and transfers them
- 2. The reciever sells them, as he need $
- 3. To payback he buys bitcoin worth of 6000$ + interest
- 4. Lender has made a profit
This way both partys are protected from voltarity.
This also makes global loaning easier.