Bitcoin. About Btcjam.com

I knew it was only a matter of time before this business model reared it's head.

Because, with bitcoin, anyone can "be a bank".... so anyone can be a money lender.

However, I see this as a *huge* disaster waiting to happen. ( I hope I'm wrong, but.... )

(1) Everyone can make more return on investment by holding onto their bitcoins. Why would they want a small % interest when they could be getting enormous returns by simply doing nothing and holding their Bitcoins...?

It seems like the only people who would do this are people who have some money to invest, but do *not* believe in the future of bitcoin at all.

And the killer problem is....

(2) If you had borrowed 100 bitcoins about 18 months ago (worth $1250), then today you would owe 100 bitcoins (worth $54,705).... plus interest !

See any problems there.....?