Btcjam was a crowd funding site that allowed users to loan their bitcoins out to people in need of loans for their business or various other things. Other members of the website were then able to provide provide part or all of the funding for this loan. By the time the full loan amount was pledged, there would be hundreds or even thousands of people contributing small amounts to the total. If enough people were willing to contribute, then the loan would be issued and the repayments would be sent to each of the lenders according to how much they contributed. This provided a peer to peer alternative to the traditional banking model, which I believe lead to the government shutting down the site! It was truly ahead of its time!
What we have now is, governments printing trillions of dollars a year. Now does the get to the common household, do have access to this, no. With governments holding a monopoly on the financial industry, health care, media and the list goes on and on! I think we as a people should help out each other more , our dollars that we work for should go to the things we want! Right, after all we do put in the work to get it !
