Re: Is Bitcoin the future of loans or just pocket change charity?
Once again, one more “newbie” question, until you realize an account does not define the person behind it. 
So, is BTC really the ideal tool to replace banks in typical loans and mortgages, or is it only designed for big players and small-scale charity "loans" like we usually see in this forum?
And the answer will be the same. Bitcoin is unlikely to completely replace fiat currencies and the traditional banking system, but it will likely continue to thrive as an alternative store of value and a means of transaction, and the two will go hand in hand.So, is BTC really the ideal tool to replace banks in typical loans and mortgages, or is it only designed for big players and small-scale charity "loans" like we usually see in this forum?
Bitcoin is also unsuitable for lending due to its highly volatile nature, which can potentially complicate borrowing, especially when the price rises, as loan repayments are based on the value of Bitcoin.