The blockchain technology disrupted many traditional foundations for a good amount of sectors but it is now on the path of decentralizing space as its next achievement and all of that after banking industry in Japan went ahead to issue some of the first bitcoin debt notes. While it has been speculated that bitcoin is a good currency for moving large amounts of wealth quickly, cheap and anonymously then using it as a debt note asset might be one of the riskiest endeavors yet. Besides that, who would have thought that a teenaged bitcoin millionaire will be working with NASA to bring democracy in space?
Fisco's 3 Year 200 Bitcoin Bond
It has been no secret that Japan is the leading regulator for the blockchain currencies with them being the first government to recognize bitcoin as a legal currency, it is natural for the financial giants to be more open to testing the new waters in the regions where governments are positively outlining the digital currencies. Fisco is the first Japanese company to issue a 3 year long 200 bitcoin bond that comes with an annual 3% interest rate. While the first loan is issued to another group firm then the long-term plan is to offer same solutions to every customer, it will require for the bitcoin bond market to mature quite a bit more. If we look at past performance of bitcoin then you can see how a three-year long bitcoin debt that must be repaid in BTC and not the equivalent monetary amount of the loan might turn into a risky proposition for the borrower. As the matter of fact, there are not many companies that can afford this type of transaction. We can see how these type of bonds might be used by cryptocurrency trading companies that are trying to take out a short position in bitcoin or bitcoin miners who can be certain that they will have bitcoin coming in the future.
Youngest Bitcoin Millionaire Working With NASA To Bring Blockchain & Democracy To Space
One of the most famous bitcoin get rich stories is about a teenager who 5 years ago purchased $1,000 worth of bitcoin with the allowance that he had been saving up and how it has now transformed into an asset of more than a $2 million U.S. dollars but it is even more remarkable that this young man is now working with NASA to launch satellites that host blockchain and bring democracy to space as well as it is on earth. While the concept is really nothing more but a release of a time capsule with bits of humanity into the orbit of the earth then the difference comes in from that it is built for every average person out there and anyone could contribute whatever they want to, we know that so far a famous singer/songwriter Taylor Swift has sent her autographed CD as being one of the pieces. The blockchain technology is decentralizing everything man-made and now continues to do so with even greater obstacles such as space!