I say loopback address, you say 127.0.0.1. But did you know we dedicate the entire 127/8 Class A to it? That's a lot of loopback!
Another 'while I'm at it' question I've had for a while. Say you have a micro-service bound to local loopback, you don't want remote code touching it. E.g. I think the BitTorrent Sync WebUI will provide the private keys to any local loopback connection. It can't possibly be secure though, right?