People keep pretending to be banks and asking for things like collateral or credit score, but they don't have the means to provide a legal document that both parties can sign to make such loans possible.
Also, why are loans so small and short. Are lenders poor here? Or are they just being paranoid?
Are they not aware that the longer and the larger the loan amount, the higher the return on investment?
I mean like what do you expect me to do with a 1 BTC loan? Also why would you put a percentage on top of a 1 BTC loan if it's only been 3-8 hours? With a regular bank, you can actually just give the money back because very little time has passed and no interest has incurred yet.