What is the Assassination Market?

Assassination market is a prediction market where any party can place a bet on the date of death of a given individual, and collect a payoff if they predict the date accurately. This market is not in the normal part of the internet like Facebook, Linkedin, or Medium. To access this market you have to enter to Deep Web.

What is the Deep Web?

Internet is a tool that we use frequently in our daily life. The internet, which basis of it is founded in the 1950s, has evolved since its inception and continues to evolve. Even though we use it frequently in our life we do not know a lot about the web. We are just like fish who swim on the surface. The web we use is just 10 percent of the whole web other 90 percent is Deep Web. We can not use search engines such as Google to reach Deep Web, you have to use an anonymizing browser to access. Because of the anonymity, this part of the web is used for many illegal activities such as drug selling and pedophilia.

History of the Assassination Market

Jim Bell(James Dalton Bell) is the owner of the idea of Assassination Market. Bell was born in 1958 and in the late 1980s, he has become a Cypherpunk. Cypherpunks are a group of people who are against governments and dream to establish decentralized systems. In 1995 Bell wrote an article called Assassination Politics. Bell’s suggestion was: An organization would be created and people would anonymously donate digital money to the prize pool that was collected for someone known to the public. If any person predicts the exact time of person’s death he/she will receive all of the money in the pool. But the scary part is that if the number of people who have problems with the designated person is quite large, the reward collected will soon be a large sum, and this can cause anyone who guessed to take action. An assassin can bet a person’s death and kill that person for collecting the reward.

But why? Is Jim is a sociopath who wants other people to be assassinated? Actually no, he wanted this because he thought that if a person who has a great effect on people makes wrong decisions people will start to bet. In each bet, the money to be collected on the death of the designated person will increase, thus the person’s assassination risk will increase and this will push him to do good for society. Bell thought that the market he had designed would eventually be the end of all governments. But he was wrong his idea was implemented by Kuwabatake Sanjuro in 2013 but it didn’t have any impact on the world. Currently, there are six leaders listed in Assassination Market but none of them is assassinated. Ben Bernanke has got the most money in his “dead pool” right now, with a listing of 124.14 Bitcoin, or about 6 million dollars at current exchange rates. Also, Barack Obama is on the list and has a 40.26 bitcoin reward at the top.

Resources

Social Media Accounts

Related posts:

If you are looking for Top Mobile App Development Company in the USA for Android, iOS /iPhone then your search is ens here. Solution Analysts is one of the top-notch IT solution providers in USA and…

For someone who wants to invest in the Delhi NCR region, Noida is considered the best choice. It not only offers modernized infrastructure but provides luxury at best deals. It has been in high…

Children enjoy copying words out onto paper. Write your child’s name and have him copy it himself with alphabet stamps, stickers, or magnets. Encourage him to “write” his own words using the letters…