a. collateral as crypto - if you have alot of bitcoin or an equal amount of an alt coin that you could exchange for bitcoin and a real exchange, then what is the point of coming here and asking for a loan to a bunch of people who are sure everyone is nothing more than a scam artist and wants 10% back? where is the point in asking someone for a loan for something you can already afford?
It's the same reason why car title loans and home-equity loans exist. I mean if you needed money, you could always just sell your car or house, right?
