oh....well eventually i plan on lending... but if its that easy to just walk away... i dont see how people can afford to do it...and what are you going to do with a picture id? i didnt understand that either....press charges? when there is no law about bitcoins...is your only repercussion to show up to their house and give a bitcoin beatdown or what? seems unsafe
Basically is it
very unsafe. You have to totally trust them. If you do not trust them do not lend. After a few months and getting scammed a few times you can get pretty good at spotting the honest people and the scam artists. Look at the lending criteria in my thread here:
https://bitcointalk.org/index.php?topic=61756.0 (it also contains a list of all my public loans that have paid me back).
This will give you a starting point if you want to start making loans.