Bitcoin based startups like BTCJam are pioneers when it comes to offering personal loans to anyone in the world.
The ongoing arms race in the development of Application-Specific Integrated Circuits (ASICs) has not just led to mining at an increasing scale.
Proof of Work mining, such as implemented for Bitcoin, Litecoin and Dogecoin, is an extremely competitive process by nature.
With Dogecoin‘s hashrate dropping fast, the community is looking at ASIC miners to secure the coin’s future.
Even though Bitcoin’s deflation is a terrible prospect from a macroeconomic perspective, it could be a good thing when viewed from a microeconomic perspective.