So, as mentioned before, I'm relatively new to Bitcoin. I can see that the Microlending system (on this forum, at least) is pretty well set up, with a trust system + collateral and escrow. Would it be a good idea to make some bitcoin lending out very small amounts to users? I could get started with a relatively small amount and only offer loans to very trustworthy members with collateral. Would this be a relatively safe way of making a bit of money? Thank you!
yes, I think it's nice to add to your bitcoin, with its many unmet demand for loans I think this business promises. But you will also be selective in choosing borrowers, because too many fraudster here. Thank you