BitKingdom - Empowering Communities & Ending Poverty

[BitKingdom_Bitcoiner]

BitKingdom.org is a trusted global community centre, where everyone will be able to provide help and get help within the BitKingdom community.

You just have to provide help/invest once and you can get 30% profit/GH every 30 days for lifetime. No extra work. No MLM.
You can take out your principle anytime.
Minimum PH: 0.1 BTC
&
Maximum PH: 20 BTC
Earn 1% profit on your Bitcon daily by providing help only once.
BitKingdom is a Decentralized Community Banking
https://www.youtube.com/watch?v=L2eWSE4vfQ4

https://www.bitkingdom.org/

Username: SAB3390MY

Banks are supposed to be a source of financial help for their depositors, but in today's world that rarely happens. Without perfect credit and a large income, banks don't want anything to do with you.

BitKingdom is a membership website where participants can exchange financial aid.

We're a decentralised community for financial assistance that uses the decentralised currency of Bitcoin to provide that assistance.

The idea is "Today you help someone, and tomorrow someone will help you".

In the conventional banking system, a person can only withdraw the amount of money in their own bank account. Say John has $500 in the bank. He can't simply take out $650 from the bank, even though the bank has Lucy's $3,000 and Brandon's $5,000 which would cover John's withdrawal amount.

But he can take out a loan. The bank can loan out up to nine times all the funds deposited there to anyone, and the bank profits from the interest.

If the bank can take Lucy's, Brandon's, and more of its clients' money and give it to John as a loan, why can't John simply ask Lucy or Brandon for financial aid?

Yes, John can ask... but Lucy and Brandon will likely say no, even if they know him. And John probably doesn't know who has extra money that could accommodate his needs anyway.

Even if Lucy has $3,000 that she won't use for the next couple of months she's unlikely to give it to John, because John can't guarantee that he'll pay the money back when Lucy needs it.

That's what BitKingdom is for.

With BitKingdom, if Lucy helps John with $150 John doesn't have to promise to pay Lucy back.

Because on BitKingdom, whenever you provide help to someone today you have the CROWD GUARANTEE that you can rely on them whenever you need financial help in the future.

So anytime Lucy needs financial help after she's helped John, she can request it and the system will assign a financial helper to Lucy.

It could be John, or Brandon, or any of the millions of BitKingdom community members.

BitKingdom is not a bank or a company that take deposits. BitKingdom is simply a platform where participants can exchange financial help directly.

So if you provide help to someone else, whenever you need financial help millions of BitKingdom community members will offer you the help you need, with no requirement for you to pay it back.

[l8nit3]

So it's a lending system, without the worry of payback, where the membership fee is to be a lender at least one time?

[Jeremycoin]

Help to get help, this is a cool idea.
I think I will try it now

[robelneo]

BitKingdom.org is a trusted global community centre, where everyone will be able to provide help and get help within the BitKingdom community.

You just have to provide help/invest once and you can get 30% profit/GH every 30 days for lifetime. No extra work. No MLM.
You can take out your principle anytime.
Minimum PH: 0.1 BTC
&
Maximum PH: 20 BTC
Earn 1% profit on your Bitcon daily by providing help only once.
BitKingdom is a Decentralized Community Banking
https://www.youtube.com/watch?v=L2eWSE4vfQ4

Banks are supposed to be a source of financial help for their depositors, but in today's world that rarely happens. Without perfect credit and a large income, banks don't want anything to do with you.

BitKingdom is a membership website where participants can exchange financial aid.

We're a decentralised community for financial assistance that uses the decentralised currency of Bitcoin to provide that assistance.

The idea is "Today you help someone, and tomorrow someone will help you".

In the conventional banking system, a person can only withdraw the amount of money in their own bank account. Say John has $500 in the bank. He can't simply take out $650 from the bank, even though the bank has Lucy's $3,000 and Brandon's $5,000 which would cover John's withdrawal amount.

But he can take out a loan. The bank can loan out up to nine times all the funds deposited there to anyone, and the bank profits from the interest.

If the bank can take Lucy's, Brandon's, and more of its clients' money and give it to John as a loan, why can't John simply ask Lucy or Brandon for financial aid?

Yes, John can ask... but Lucy and Brandon will likely say no, even if they know him. And John probably doesn't know who has extra money that could accommodate his needs anyway.

Even if Lucy has $3,000 that she won't use for the next couple of months she's unlikely to give it to John, because John can't guarantee that he'll pay the money back when Lucy needs it.

That's what BitKingdom is for.

With BitKingdom, if Lucy helps John with $150 John doesn't have to promise to pay Lucy back.

Because on BitKingdom, whenever you provide help to someone today you have the CROWD GUARANTEE that you can rely on them whenever you need financial help in the future.

So anytime Lucy needs financial help after she's helped John, she can request it and the system will assign a financial helper to Lucy.

It could be John, or Brandon, or any of the millions of BitKingdom community members.

BitKingdom is not a bank or a company that take deposits. BitKingdom is simply a platform where participants can exchange financial help directly.

So if you provide help to someone else, whenever you need financial help millions of BitKingdom community members will offer you the help you need, with no requirement for you to pay it back.

This is not a new or unique concept you just copy it from one program invested and formulated by one russian it is so popular but it is still cash gifting and it always lies on how many people are getting in,if no people coming in to provide help the program will die a natural death it is a referral based program also

[Jet Cash]

So you lend money without charging interest, and with no requirement to give it baack? That sound like the UK overseas aid programme.

(or quantitative easing for bankers)

[unamis76]

This is a bit like regular banking lending: you have to have someone guaranteeing the payments if the person taking the loan defaults.

Imagine John goes away with the money he asked as a loan... Why would other participants (who have nothing to do with John or Lucy) have to pay for John?

[franky1]

So it's a lending system, without the worry of payback, where the membership fee is to be a lender at least one time?

seems more of a kickstarter / donator for people with a genuine pitty story (loans require payback afterall) where the entrance fee is to donate alteast once.
yes people 'meant' to pay back but i can see it being abused easily

[franky1]

This is a bit like regular banking lending: you have to have someone guaranteeing the payments if the person taking the loan defaults.

Imagine John goes away with the money he asked as a loan... Why would other participants (who have nothing to do with John or Lucy) have to pay for John?

entrance requires referal.. im guessing the referer becomes the guarantor

[unamis76]

This is a bit like regular banking lending: you have to have someone guaranteeing the payments if the person taking the loan defaults.

Imagine John goes away with the money he asked as a loan... Why would other participants (who have nothing to do with John or Lucy) have to pay for John?

entrance requires referal.. im guessing the referer becomes the guarantor

That makes sense, but the OP refers that there's a "crowd guarantee".

This looks like a snowball. John asks Lucy for help. Lucy doesn't have what she borrowed from John, so she asks for help, and so on until there's no more lending money on this economy. Not everyone is honest, unfortunately...

If the referer becomes the guarantor, that's one referrer I don't want to be

[BitKingdom_Bitcoiner]

Help to get help, this is a cool idea.
I think I will try it now

@Jeremycoin, Exactly you will like this, and you will thank me for this

[BitKingdom_Bitcoiner]

So it's a lending system, without the worry of payback, where the membership fee is to be a lender at least one time?

There is no membership fee. Its free registration. Only thing is you have to buy Tokens use tokens for providing help/Getting Help. The token value is very minimal, when you compare the profit you are getting.  1% daily on your BTC which you provided help.

Token needed for PH and GH:
0.1 BTC – 4 BTC = 1token
4.1 BTC – 8 BTC = 2token
8.1 BTC – 12 BTC = 3token
12.1 BTC – 16 BTC = 4token
16.1 BTC– 20 BTC = 5token

[BitKingdom_Bitcoiner]

BitKingdom.org is a trusted global community centre, where everyone will be able to provide help and get help within the BitKingdom community.

You just have to provide help/invest once and you can get 30% profit/GH every 30 days for lifetime. No extra work. No MLM.
You can take out your principle anytime.
Minimum PH: 0.1 BTC
&
Maximum PH: 20 BTC
Earn 1% profit on your Bitcon daily by providing help only once.
BitKingdom is a Decentralized Community Banking
https://www.youtube.com/watch?v=L2eWSE4vfQ4

Banks are supposed to be a source of financial help for their depositors, but in today's world that rarely happens. Without perfect credit and a large income, banks don't want anything to do with you.

BitKingdom is a membership website where participants can exchange financial aid.

We're a decentralised community for financial assistance that uses the decentralised currency of Bitcoin to provide that assistance.

The idea is "Today you help someone, and tomorrow someone will help you".

In the conventional banking system, a person can only withdraw the amount of money in their own bank account. Say John has $500 in the bank. He can't simply take out $650 from the bank, even though the bank has Lucy's $3,000 and Brandon's $5,000 which would cover John's withdrawal amount.

But he can take out a loan. The bank can loan out up to nine times all the funds deposited there to anyone, and the bank profits from the interest.

If the bank can take Lucy's, Brandon's, and more of its clients' money and give it to John as a loan, why can't John simply ask Lucy or Brandon for financial aid?

Yes, John can ask... but Lucy and Brandon will likely say no, even if they know him. And John probably doesn't know who has extra money that could accommodate his needs anyway.

Even if Lucy has $3,000 that she won't use for the next couple of months she's unlikely to give it to John, because John can't guarantee that he'll pay the money back when Lucy needs it.

That's what BitKingdom is for.

With BitKingdom, if Lucy helps John with $150 John doesn't have to promise to pay Lucy back.

Because on BitKingdom, whenever you provide help to someone today you have the CROWD GUARANTEE that you can rely on them whenever you need financial help in the future.

So anytime Lucy needs financial help after she's helped John, she can request it and the system will assign a financial helper to Lucy.

It could be John, or Brandon, or any of the millions of BitKingdom community members.

BitKingdom is not a bank or a company that take deposits. BitKingdom is simply a platform where participants can exchange financial help directly.

So if you provide help to someone else, whenever you need financial help millions of BitKingdom community members will offer you the help you need, with no requirement for you to pay it back.

This is not a new or unique concept you just copy it from one program invested and formulated by one russian it is so popular but it is still cash gifting and it always lies on how many people are getting in,if no people coming in to provide help the program will die a natural death it is a referral based program also

@robelneo,  yes this idea was from a  Russian. But there were lot  of flaws in that system, where at some point the system will crash.
BitKingdom has mitigated all the flaws in that system and given us a new automated system which uses advanced algorithm to match PH/GH.

Below are some of the features,

1) You can have only 1 account per one person, you have to go through lot of verification.
2) Minimum PH = 0.1 BTC & Maximum PH = 20 BTC
3) When someone PH or GH, the system automatically matches as per queue (FIFO) Using Advanced Algorithm. No need to do it manually.
4) BitKingdom community is very transparent. It has a inbuilt Global Chat room, where all the BitKingdom community members can chat with each other. If anyone/new member faces any issues, there will be always someone to help out.
6) This system provides you 1% per day on your BTC, which you provided help/PH.
7) You have to use the Tokens whenever u want to PH/GH, this token value will go back to community as spare amount(You can think it as a small service charge to keep the community/system healthy)
8)BitKingdom wallet is very secured. Requires 3 Verifications.
9) And whenever you want to transfer BTC from Bitkingdom Wallet to ur personal wallet, you have to request TAC/PIN from the system,  this will be sent to your mobile phone. This pin is required to send BTC from BitKingdom to ur personal wallet. Even if someone hacks ur account they will not be able to take out ur BTC.

BitKingdom is a Decentralized community,  anyone from the world can be a part of this community as it uses Decentralized currency Bitcoin.
Also this is not a referral based program, this is a Community Banking and its good to spread the community, if it does good things for you. Its already doing good for many people at this moment.

[BitKingdom_Bitcoiner]

This is a bit like regular banking lending: you have to have someone guaranteeing the payments if the person taking the loan defaults.

Imagine John goes away with the money he asked as a loan... Why would other participants (who have nothing to do with John or Lucy) have to pay for John?

entrance requires referal.. im guessing the referer becomes the guarantor

That makes sense, but the OP refers that there's a "crowd guarantee".

This looks like a snowball. John asks Lucy for help. Lucy doesn't have what she borrowed from John, so she asks for help, and so on until there's no more lending money on this economy. Not everyone is honest, unfortunately...

If the referer becomes the guarantor, that's one referrer I don't want to be

This is not a referral program/MLM, you just provide help once, since then your 1% profit BTC daily starts for the provided amount of help.
No extra work.

[siameze]

This is a straight-up ponzi based on the old gifting club scam. Also you posted this in the wrong section.

[BitKingdom_Bitcoiner]

This is a bit like regular banking lending: you have to have someone guaranteeing the payments if the person taking the loan defaults.

Imagine John goes away with the money he asked as a loan... Why would other participants (who have nothing to do with John or Lucy) have to pay for John?

No. John has to provide help  first, before he Gets help.
If John provides help for 1 BTC on 1st Dec 2015, Then he is eligible to get help of 1.3 BTC on 30th Dec 2015.
Based on the 1% profit, which John deserves for the help he has provided.

[Jet Cash]

So why would somebody donating money need help 30 days later. They would be better off if they just kept their money.

btw 1 coin plus 1% is slightly less than 1.3 coins.

[BitKingdom_Bitcoiner]

So why would somebody donating money need help 30 days later. They would be better off if they just kept their money.

btw 1 coin plus 1% is slightly less than 1.3 coins.

Good Question. It does'nt have to be 30 days. Its induvidual's wish, he/she can Get Help any time after 15 days.

Suppose a member PH/provided help of 1 BTC,(1% profit/day)
If he Get help on 20th Day - He will get  1+0.2 = 1.2 BTC
If he Get help on 100th Day - He will get 1+1 = 2 BTC

Now coming back to your question, 1 BTC is slightly Less than 1.3 BTC, why should PH in BitKingdom.
If he dont put PH in BitKingdom, then assume he will put that in Bank, can any of the Banks can provide 1% daily profit/Interest??

Also thats what the Ideology of this BitKingdom Community is, today you help someone with your spare amount, Tomorrow someone will help you when u need the help.

Again coming back to your question, this was just an example of 1 BTC. Ok. Lets take 20 BTC.
Suppose a member PH/provided help of 20 BTC,(1% profit/day)
If he Get help on 20th Day - He will get  20+4 =24 BTC
If he Get help on 30th Day - He will get  20+6 =26 BTC
If he Get help on 100th Day - He will get 20+20 = 40 BTC

[maokoto]

The idea sounds good for me, but it still not very trustworthy. Besides, you have to put 0.1 to start with, which is fairly a high amount to do a test.

Perhaps with a smaller amount more people will risk trying. If it is a crowd bank, there is really no reason for such I high amount in my view, although I may be overlooking something.

[franky1]

these 1%'s a day have to come from somewhere.. and it seems bad to charge 30% to a poor person just for a month..

they are more likely to build up trust to get the highest allowable loan amount they can... and then leg it

BTCJam.com already tried this, and yes they had ID verification and phone authentication too.. yet people still ran off.

i see the moral benefits (helping those in need) i dont see the ethical benefits(charging them 1% interest a day) and dont see the security benefit..

well unless the site owner wants to get on a plane and travel to courthouses of thieves to try getting them to pay back legally.. but i just dont see that happening so not much chance of repercussions a thief would get.. apart from some snotty emails

edit:

the way i could possibly see it, although not explained well is
the amount you input 0.1 is your collateral.. that way you can ask for any amount under 0.1 (0.09999999) and if you dont pay it back. you cant get your colateral back.

however if you give help. you receive interest from the repayment. and this increases your collateral to then allow you to request larger amounts.

EG
day01: you input 0.1
loan out 0.1 for 30 days
day30: you get 0.13 return
loan out 0.13 for 30 days
day60: you get 0.169
loan out 0.169 for 30 days
day 90: you get 0.1197

you can then ask for a loan for 0.1196... and leg it with 0.0196 profit

[megatron1337]

i don't know why,but this smells very fishy...