{"id":1649,"date":"2007-04-03T21:56:00","date_gmt":"2007-04-04T04:56:00","guid":{"rendered":"http:\/\/azaroff.com\/?p=1649"},"modified":"2023-03-26T13:14:54","modified_gmt":"2023-03-26T20:14:54","slug":"communitylend-2","status":"publish","type":"post","link":"https:\/\/azaroff.com\/?p=1649","title":{"rendered":"CommunityLend"},"content":{"rendered":"

I find the explosion of peer to peer lending very interesting. Avoid the bank, lend money to someone who needs it – you get a better rate on your investment than a bank would give you, they get a better rate on a loan than a bank would give them. It’s a win-win. As long as no one defaults.<\/p>\n

I love the openness of it, the eBay quality. We buy and sell things for money, why not just buy and sell money itself? Clearly a reputation mechanism is key to this working.<\/p>\n

So if we go five years in the future, will anyone remember this, or will the banks be screaming mercy? Is this to the banks what Napster was to the recording industry? Is this a classic case of a spider battling a starfish<\/a>. I look forward to finding out.<\/p>\n

If I was a betting man, I’d say that this will have a significant impact on banking, not a life or death impact, but enough that banks and credit unions will notice and either try to buy some of these guys up or start their own.<\/p>\n

Time will tell if I’m right. What do you think?<\/p>\n

CommunityLend.<\/p>\n","protected":false},"excerpt":{"rendered":"

I find the explosion of peer to peer lending very interesting. Avoid the bank, lend money to someone who needs it – you get a better rate on your investment than a bank would give you, they get a better rate on a loan than a bank would give them. It’s a win-win. As long […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[3,19,17],"tags":[170,185,112,183],"class_list":["post-1649","post","type-post","status-publish","format-standard","hentry","category-azaroff","category-banking","category-web-2-0","tag-azaroff","tag-banking","tag-canada","tag-web-2-0"],"jetpack_shortlink":"https:\/\/wp.me\/p37qUH-qB","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/azaroff.com\/index.php?rest_route=\/wp\/v2\/posts\/1649","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/azaroff.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/azaroff.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/azaroff.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/azaroff.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1649"}],"version-history":[{"count":0,"href":"https:\/\/azaroff.com\/index.php?rest_route=\/wp\/v2\/posts\/1649\/revisions"}],"wp:attachment":[{"href":"https:\/\/azaroff.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1649"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/azaroff.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1649"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/azaroff.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1649"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}