I started to think about it. How a bank and folks could issue loans to people?
Currently, when you need to borrow money, your banker just edits your balance account and create money magically. You then pay back monthly.
Banks won't be able to do that with Bitcoin with its limited supply. You can't print bitcoins.
But now, between folks. Let's say I'm the banker and you're the customer looking to borrow money to buy a house. I can lend you the money but how to be sure you will pay me back with full interests? With banks, the solution is easy, the bank seizes the house and you can't do something. But the average Joe hasn't the same 'power' than a bank to collect a debt.
With bank systems when you are given a loan you are obligated to pay it back with interest, because in real life they have all your info and details and they can pursuit by law and police if you don't pay it back in time, but with bitcoin it is different, first you have the price of bitcoin constantly chagrining which means paying the loan back will vary depending on the price, and also bitcoin is supposed to be anonymous so there should be no personal details that would be given, details like where you live, and if someone does not pay you back you can't do anything about since bitcoin is not regulated by the law and government has no power over it, however there has been a p2p landing site a couple of year ago called BTCjam where people post their projects and how much they need and people will give them btc and they expect interest in return, but i shut down a while ago fir unknown reason.