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Bitcoin

This is how Bitcoin can revolutionize micro lending

How Blockchain is Revolutionizing Micro Lending

With a thriving microlending industry spanning many nations, many small business owners cherish the hopes of taking advantage of these lending opportunities to get themselves out of poverty. They are all hopeful that that small loan will help them to make that significant difference that will assist them in making progressive steps into the big league dominated by a few big boys. However, the reality in the lives of millions of people in the formal microlending sector is not as rosy as it may appear to be in adverts. For instance, the critics of the established lending institutions claim that the entire system is tilted to benefit the lenders, leaving the borrower on the receiving end where they live at the mercy of the lender. Doesn’t this description sound like what sage Solomon once said that, “The borrower is a slave to the buyer?”

Assassination Market : Online Crowdfunded Killings With Bitcoins

Bitcoin, the digital cryptocurrency being anonymous and untraceable has been the preferred choice for doing illegal business online. After, being widely used for all kinds on illegal online trading like drugs, exploits and numerous other black-market services the currency has another taker which will definitely raise many eyebrows and can result in strict governmental actions. A new online service hosted on underground, anonymous Tor network is now being used to offer an crowdfunded bounty killer service. Named "The Assassination Market" the service lets anyone anonymously contribute bitcoins towards a bounty on the head of any government official just like Kickstarter but for political assassinations.

The Kickstarter for political murders is already receiving huge funds and have 7 nominations (nominating someone needs someone to propose a name and pay the 1 Bitcoin fee worth US$766.99) so far. "Ben Shalom Bernanke" the current chairman of Federal Reserve USA tops the chart and has collected maximum bounty worth ฿124.14 or US$95106.76 at today's exchange rate.

The Assassination Market

The Simple Video Explanation Of How Bitcoin Works

Bitcoin the digital cryptocurrency recently made a lot of buzz into offline media with it's valuation zooming upwards, if you are still unaware of this popular "internet currency" Bitcoin is an open-source, peer-to-peer technology which operates with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Nobody owns or controls Bitcoin and everyone can take part. Here are two videos showing how this currency of future works.

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