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?
Not for Bitcoin loans. The reason you are being given Bitcoin loans on this forum is because your account has a value and reputation. Due to which you will ruin the reputation of your account for the amount of money you are being given. With this trust, those who provide lending services will give you a certain amount of loan. I only gave an example of a reportable account. You are a newbie and you will not get a loan of $ 1 because you are not eligible. However, if in the future banks accept Bitcoin directly, in exchange for keeping some collateral, you can get the service of taking Bitcoin loans, but this is not yet effective. Because banks do not accept Bitcoin deposits or collateral directly.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?