Who will lend money without banks?

[Crypto Piece]

If a decentralized system of money is implemented, lending capacity would be vastly reduced and slow the growth of the economy.

[1714203757]

1714203757

[EllaPonchik]

a good question, well, I think without banks, this will deal with special institutions like banks))

[buternasek]

if you have lost hope now with bitcoin, i also hold some bitcoin and i still keep it
because I'm sure this year the price will go up, whatever makes me sure .. but I'm sure bitcoin will go up

[nightmanisrightman]

If a decentralized system of money is implemented, lending capacity would be vastly reduced and slow the growth of the economy.

Why would the lending capacity be reduced though? The only thing that changes is the way the money is supplied but not how or why.

[Ranly123]

If a decentralized system of money is implemented, lending capacity would be vastly reduced and slow the growth of the economy.

No, there are many platforms that circles around cryptocurrency so yoy cant say that decentralized system will reduce or slow down the growth of the conomy. There are many lending platforms that investors can use even with high risk on their investments but it will gain high profit in return, which means economy is not affected on the decentralization of currency.

[bitart]

This is only the question of a good system (good algorythm) that spreads risk of lenders. I'm sure a lot of people will be happy to lend their bitcoin to strangers (see this forum had a lending section) and it worked with or without collateral (I haven't checked the lending section recently). So it's already working, but if there would be an app or something that can handle this, it would be better. Also the best would be not only to do p2p lending (1 person lends to 1 borrower) but to spread the risk like 100 person lends to 100 borrowers and you have just reduced the risk of having a non-paying loan to 1% if one of the borrowers fail to repay the loan.

[aso118]

If a decentralized system of money is implemented, lending capacity would be vastly reduced and slow the growth of the economy.

The way things are evolving, I don't think there is going to be any one source of money. A centralized, fiat based currency would always be present, even if Bitcoin is successful.
That said, Bitcoin provides you the option to remove the intermediary (bank). This is not always exercised, as we have seen people leaving money with exchanges. So bitcoin could also be deposited in a bank-equivalent which could pay you interest, and then use these bitcoins for its lending business.

[odolvlobo]

When people say that cryptocurrencies will replace banks, they are talking about the aspects of storage and transfer of money. Banks will still lend money, whether it is fiat or crypto.

[xtisoc]

If a decentralized system of money is implemented, lending capacity would be vastly reduced and slow the growth of the economy.

Who would even borrowed it, because of risk of having to return it at a rate x5, x10, x100 ...

[icanscript]

Obviously, the concept of loan repayment guarantees should change.
The base account of a person in the crypt world is the sum of various assets in the form of tokens. Monetization of human behavior in society, the creation of ranks of trust, algorithms to support a positive balance of consumption, monitoring the level of coexistence in society.
In China, such a model of constructing addictions is already being implemented in society. .

[Saidasun]

P2P loans are becoming more convenient and you don't have to provide any personal details and only provide acceptable collateral. It's probably the most decentralized version of loaning that we'll get.

[jaocoincrypto18]

If a decentralized system of money is implemented, lending capacity would be vastly reduced and slow the growth of the economy.

I think the main purpose of the bank existence is to keep our money safe and then they will focus on lending therefore if the banks will gone there are many businesses today that engage in lending, loans, and financing so no problem about lending but the problem is who will do the safekeeping of our huge money? I think we should bury it in the ground.  

[pitiflin]

If a decentralized system of money is implemented, lending capacity would be vastly reduced and slow the growth of the economy.

Doesn't everyone know that? It would again give birth to landlord system where people with more money would abuse their power towards people who are in need of money. Banks must be present in this world, lending individuals wouldn't result favorably. If banks vanish, the economies will soon after perish, because of greed which has already been filled in people's minds. Decentralized economies would bring chaos to the economy, as immaturity still pertains.

[erickkyut]

If a decentralized system of money is implemented, lending capacity would be vastly reduced and slow the growth of the economy.

I think in the future where cryptocurrency is dominating, banks will have no choice but to start adapting it. We already have Ripple which is manage by group of banks in the world. So there will still banks who will lend us money or maybe cryptocurrencies in the future. If they will never learn to adapt innovation, they will never last in the industry.

[officebuilding]

Obviously, the concept of loan repayment guarantees should change.
The base account of a person in the crypt world is the sum of various assets in the form of tokens. Monetization of human behavior in society, the creation of ranks of trust, algorithms to support a positive balance of consumption, monitoring the level of coexistence in society.
In China, such a model of constructing addictions is already being implemented in society. .

In China, such a model of constructing addictions is already being implemented in society. .
I hadn't considered viewing China from this perspective: using algorithms, tokenization, and monetization to control the ebb and flow of society. Interesting!

[figmentofmyass]

If a decentralized system of money is implemented, lending capacity would be vastly reduced and slow the growth of the economy.

that's not necessarily true. the decentralization of money makes localization and decentralization of lending practices possible. indeed, would-be borrowers still need liquidity and would-be lenders still want interest payments. there's no reason that banks/lenders and credit lines can't exist in the context of BTC. it's just that the current monopolies held by the financial powerhouses can be dismantled because crypto-based alternatives can compete with them.

there are several cryptocurrency projects that are building platforms for P2P cryptocurrency lending. one example is SALT (Secure Automated Lending Technology). it let's you use cryptocurrencies as collateral to obtain cash loans:

SALT loans are live!

We have issued initial loans to a small group of members and we expect to have originated over $10m in loans by the end of this year. Our platform will continue to be rolled out in stages to ensure quality and security as we scale to meet the extraordinary demand for loans. We are excited to extend the application process to all of our community and expect to have between $50m and $75m in active loans by the end of January 2018. We are working as quickly as possible to safely and responsibly expand the rollout to serve the needs of each and every member.

[xuan87]

When the world is ready to accept decentralized token then there will be solution to this problem, for now there are already few crypto and platform that offered lending, like FastInvest token, with some adjustments and regulation or maybe algorithm, I don't see this as a problem in the future

[378budiman]

If you have lost hope now with bitcoin, also hold some bitcoins and keep them because I believe this year's price will go up, whatever makes you sure .. but I'm sure that bitcoin will go up.

[Luke101]

Dude.... Maybe you can try to ask your own family or friends,
Maybe they will lend you money, that you may use in bitcoin...
Atleast you can talk and make better deal on the payment method

[stompix]

Who will lend money without banks?

Without? Why do you think there will be no more banks?
Look at the current crypto environment.

Bitcoin was supposed to help you on becoming your own bank, the result....?
Hundred and hundred of online wallets who are basicaly...banks!!!! Banks that have overall control of your money.
No, banks won't go away, in the worst case they will just change name.

there are several cryptocurrency projects that are building platforms for P2P cryptocurrency lending. one example is SALT (Secure Automated Lending Technology). it let's you use cryptocurrencies as collateral to obtain cash loans:

SALT loans are live!

We have issued initial loans to a small group of members and we expect to have originated over $10m in loans by the end of this year. Our platform will continue to be rolled out in stages to ensure quality and security as we scale to meet the extraordinary demand for loans. We are excited to extend the application process to all of our community and expect to have between $50m and $75m in active loans by the end of January 2018. We are working as quickly as possible to safely and responsibly expand the rollout to serve the needs of each and every member.

I'm almost willing to bet that in 2 years time they will go bankrupt.
It happen to all projects that thought submitting some papers is enough to make the guy repay its debt.
BtcJam was the clear example on how many things can go wrong.

LE
Just checked the "project" you provided. An ICO? Common man....

P2P loans are becoming more convenient and you don't have to provide any personal details and only provide acceptable collateral. It's probably the most decentralized version of loaning that we'll get.

I bought my house on credit with a loan.
How the hell would I have been able to provide a collateral for it?