Category: bitcoin

Sacramento Kings now accepts Bitcoin transactions

Ronnie Bulaong Leave a comment

Bitcoin is slowly catching some steam as more and more companies, both online and offline, are starting to accept the cryptocurrency in exchange of goods and services. The most recent company who took the leap is NBA’s Sacramento Kings, making them the first professional sports team to adopt the virtual currency as a form of payment for tickets and merchandise starting March 1.

sacramento kings

But despite hiring BitPay to handle the Bitcoin transactions, the Sacramento Kings’ CEO Vivek Ranadive CEO acknowledges that there are risks involved in getting in to the rather volatile online currency, including the rapid fluctuation of the rates.

Lucky for Ranadive though, he isn’t the only one who has a vision of turning the Kings franchise in to a tech-oriented team. He is joined by the Kings’ current President Chris Granger who told the Sacramento Bee that Bitcoins is a great way “to make the experience more seamless and hassle free.”

Accepting Bitcoin is part of the franchise’s plan, dubbed as NBA 3.0, of utilizing technologies to further enhance the experience of Kings’ fans. This includes a stint called Kings Go Glass (seen above) wherein Jason Thompson wore a Google Glass on the court during the pre-game warm-up.

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Corrupt officials beware, you may soon be on AM’s list

Ronnie Bulaong Leave a comment

Out of sheer anger towards dishonest public officials in our country, most of us have been plotting a way to kill them in the back of our mind. Now, if you’re thinking of putting your devilish thoughts to action, then the Assassination Market may just very well be your best bet.

bitcoin

Assassination Market is a site ran by someone who goes by the codename Kuwabatake Sanjuro. Because of the nature of the site, and to assure online anonymity, the site can only be viewed on a special browser like TOR (The Onion Router).

The site uses Bitcoins as currency for the crowdsourced bounty. The way it works is that users can suggest a “target” (requires at least one bitcoin pledge) on the site which will be then reviewed and approved by Sanjuro. Other users/assassins can then place their pledge on a particular target and “guess” when the target will die. Whoever got the closest guess takes home 99% of the pot (1% goes to Sanjuro as a commission).

sanjuro
Kuwabatake Sanjuro is a fictional character from 1961 Japanese film Yojimbo.

That seems a bit unfair for the mercenary, right? After all, he/she did the dirty work, but got away empty-handed.

Well technically speaking, submitting a “guess” along with your bitcoin pledge isn’t as simple as you think. I’ll spare you the nerdy stuff, but the way Sanjuro sees it is if the exact date of death matches your “guess”, then you’re most probably be the killer. Either way it’s a win-win for everybody; the SOB laid to rest, the Hitman gets his bounty and nobody knows anyone!

assassination market list

As of the time of writing, the site’s man-of-the-hour is none other than the head of US Federal Reserve, Ben Bernanke. He currently has a total of B124.14(Bitcoins) bounty on his head which is equivalent to USD75,000 or little over 3.2-million in our local currency.

Fortunately for our local public officials, Bitcoin ain’t that big of a deal in this part of the globe. If it is, then I’m pretty sure that Kevlar vests and bullet-proof cars will be in fashion.

{source}

The post Corrupt officials beware, you may soon be on AM’s list appeared first on YugaTech | Philippines, Tech News & Reviews.

Corrupt officials beware, you may soon be on AM’s list

Ronnie Bulaong Leave a comment

Out of sheer anger towards dishonest public officials in our country, most of us have been plotting a way to kill them in the back of our mind. Now, if you’re thinking of putting your devilish thoughts to action, then the Assassination Market may just very well be your best bet.

bitcoin

Assassination Market is a site ran by someone who goes by the codename Kuwabatake Sanjuro. Because of the nature of the site, and to assure online anonymity, the site can only be viewed on a special browser like TOR (The Onion Router).

The site uses Bitcoins as currency for the crowdsourced bounty. The way it works is that users can suggest a “target” (requires at least one bitcoin pledge) on the site which will be then reviewed and approved by Sanjuro. Other users/assassins can then place their pledge on a particular target and “guess” when the target will die. Whoever got the closest guess takes home 99% of the pot (1% goes to Sanjuro as a commission).

sanjuro
Kuwabatake Sanjuro is a fictional character from 1961 Japanese film Yojimbo.

That seems a bit unfair for the mercenary, right? After all, he/she did the dirty work, but got away empty-handed.

Well technically speaking, submitting a “guess” along with your bitcoin pledge isn’t as simple as you think. I’ll spare you the nerdy stuff, but the way Sanjuro sees it is if the exact date of death matches your “guess”, then you’re most probably be the killer. Either way it’s a win-win for everybody; the SOB laid to rest, the Hitman gets his bounty and nobody knows anyone!

assassination market list

As of the time of writing, the site’s man-of-the-hour is none other than the head of US Federal Reserve, Ben Bernanke. He currently has a total of B124.14(Bitcoins) bounty on his head which is equivalent to USD75,000 or little over 3.2-million in our local currency.

Fortunately for our local public officials, Bitcoin ain’t that big of a deal in this part of the globe. If it is, then I’m pretty sure that Kevlar vests and bullet-proof cars will be in fashion.

{source}

The post Corrupt officials beware, you may soon be on AM’s list appeared first on YugaTech | Philippines, Tech News & Reviews.

Corrupt officials beware, you may soon be on AM’s list

Ronnie Bulaong Leave a comment

Out of sheer anger towards dishonest public officials in our country, most of us have been plotting a way to kill them in the back of our mind. Now, if you’re thinking of putting your devilish thoughts to action, then the Assassination Market may just very well be your best bet.

bitcoin

Assassination Market is a site ran by someone who goes by the codename Kuwabatake Sanjuro. Because of the nature of the site, and to assure online anonymity, the site can only be viewed on a special browser like TOR (The Onion Router).

The site uses Bitcoins as currency for the crowdsourced bounty. The way it works is that users can suggest a “target” (requires at least one bitcoin pledge) on the site which will be then reviewed and approved by Sanjuro. Other users/assassins can then place their pledge on a particular target and “guess” when the target will die. Whoever got the closest guess takes home 99% of the pot (1% goes to Sanjuro as a commission).

sanjuro
Kuwabatake Sanjuro is a fictional character from 1961 Japanese film Yojimbo.

That seems a bit unfair for the mercenary, right? After all, he/she did the dirty work, but got away empty-handed.

Well technically speaking, submitting a “guess” along with your bitcoin pledge isn’t as simple as you think. I’ll spare you the nerdy stuff, but the way Sanjuro sees it is if the exact date of death matches your “guess”, then you’re most probably be the killer. Either way it’s a win-win for everybody; the SOB laid to rest, the Hitman gets his bounty and nobody knows anyone!

assassination market list

As of the time of writing, the site’s man-of-the-hour is none other than the head of US Federal Reserve, Ben Bernanke. He currently has a total of B124.14(Bitcoins) bounty on his head which is equivalent to USD75,000 or little over 3.2-million in our local currency.

Fortunately for our local public officials, Bitcoin ain’t that big of a deal in this part of the globe. If it is, then I’m pretty sure that Kevlar vests and bullet-proof cars will be in fashion.

{source}

The post Corrupt officials beware, you may soon be on AM’s list appeared first on YugaTech | Philippines, Tech News & Reviews.

What is Bitcoin?

Louie Diangson Leave a comment

Been hearing about Bitcoin lately? If that’s the case, you might have asked yourself the question above. If you’ve just tuned in like me, here’s a graphical explanation of what is Bitcoin and how it works.

bitcoin

To start things off, Bitcoin is an online digital currency that was introduced back in 2009. It is also known as the “Gold for nerds” and is different fom PayPal as it is not backed by an official currency. Bitcoin is its own currency that is not managed by any government or central authority. Watch the video below to be enlightened further.

Bitcoin Explained infographic

Bitcoin is making a lot of noise nowadays that it has captured the attention of the financial sector, investors and venture capitalists due to its high volatility. As of writing, 1 Bitcoin (BTC) is equivalent to $117 US. (It was at an all time high of $266 last Wednesday) However, while the process of obtaining and holding BTC transactions are secure, the individual wallets and exchanges are still vulnerable to hack attacks. As to whether Bitcoin will become a viable currency in the future or not remains to be known.

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