How the community feels about Lending.

[J_CCreate]

Hey guys, I am running the bounty program for Lendingblock currently and would love some information about how the general community feels about lending and borrowing.
I'm not trying to shill my project, I won't add any links, even though I will mention we are running a bounty program!

I'll start off with some questions:
1. How is lending and borrowing crypto on exchanges going to change finance?
2. Do you guys prefer crypto to crypto lending or crypto to fiat?
3. How will this disrupt or compete with the current lending systems banks use?

Thanks guys! I am really hoping to grow and learn in this community while providing as much help as I can.
Please shoot me a message if I'm doing anything wrong or if I am misrepresenting the community.

PS: Green day today!

[tsaroz]

Lending process in real life through a fiat based bank is lengthy and comes with different hassles.
One of the are crypto influenced largely is the lending section. Bitbond's lending service and mushrooming ICOs for lending platform shows how popular this is.
The largest problem again is to provide a valid collateral. As most of the collateral provided in real world are real estates and physical assests, a lending platform should somehow legally be able to accept and claim such assets.

[jdbao]

I admit that I am biased, but because of BitConnect, I am not interested in any lending related coins/tokens.
I am not saying that all lending couns/tokens are not good, or all the lending coins/tokens are scams, but I would not invest a penny if I did not see a trustworthy team.
Yes, it is a crisis of confidence.

[J_CCreate]

I completely agree. There are, however, new platforms coming out with collaterized systems via smart contracts. Im still hopeful because the fiat lending process is an absolute shitshow.

[jacafbiz]

Lending platforms IMO are all scam, ponzi scheme, there is no way those gain can be justified, when some of us then were calling Bitconnect scam some think we are spreading FUD but a year later we all know what happened, I stand to be corrected but would like to see how the current platform would survive long term before i change my opinion about it

[Lonsdayl]

I think that lending is quite bad thing. People don't understand what it is and how to use it. As I know, many my friends and relatives have credits and they live with this rock on their shoulders....  
If everybody will use credits for something good, like "buy a car to earn more" or "get extra money to earn more", but most people use lendings for "I want to but this thing" without any doubts.

Honestly, I have never used lending systems and don't want to try! In financial independence I trust.