12,000 Startups Are Being Created Every Day In China by Internet Loans

Internet loan companies like Prosper are very few in the United States, but in China these companies are too numerous to count.  These loan companies are less regulated in China, and so the growth of the Internet loan sector is incredible.  Basically, these less regulated Internet loan companies are responsible for at least 12,000 startups every day in China.  Sometimes, it takes as fewer than few minutes to find the funding for a loan.  Some loans can also go up to millions of dollars.  The risks for these loans are there even though the Internet loan companies are doing fine at the moment.  Nonetheless, as we all know the world is full of uncertainties, and so risks are risks.  Sometimes, scam could be created from scammers who target loan companies to bilk out money from everyday investors.  In short, these Internet loan companies rely on Chinese citizens’ greed to provide the funds for both new and old, big and small businesses.  Some struggling businesses, whether they’re big or small, got a second chance through these Internet loans, because traditional banks couldn’t handle the appetite for such risks.  Anyway, check out the video after the break to see the details on how Internet loan companies in China are growing.  Enjoy!

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The Future Is Here, Bot To Answer Those Pesky Telemarketing Calls

Cold calls from telemarketers are annoying, and I don’t pick these calls up at all.  In fact, my so called traditional home phone line is often being ignored when the phone rings.  So called traditional isn’t so traditional, because VOIP is what it is.  So, the fact that someone has built a bot just to keep a cold caller on the phone for as long as possible is making my day.  I got a blast from watching the YouTube video which demonstrates how a bot got a cold caller confused, amused, and annoyed.  Check out the video right after the break.  Enjoy!

Vidxr, New To Go Place For Music Videos

I’m just releasing Vidxr.com, and this will be the to go personal music video playlist weblog for me.  Of course, while adding more awesome music videos to Vidxr, I hope you can check Vidxr out for some enjoyable music video time.

We’re living in a digital age where most things can be shared digitally.  Vidxr is made possible by content sharing features provided by various online services such as YouTube.  Thanks to these web services, I’m able to form Vidxr.

As time goes on, I hope that I will be able to make Vidxr a very likable music video weblog.  If you like what you’re seeing with Vidxr, please let everyone knows about it.  Thank you very much!

How Real Is Cyber Threat?

Technology is like anything else that can be used for good or for evil purposes.  Many things have dual purposes or even more than just dual purposes, and technology is no exception to this fact.  Perhaps, there is an exception to the rule, but my small brain cannot think up one for the moment.  Anyhow, there are forces in the world that are trying to use technology for evil purposes.  For an example, from nuclear to cyber threats.  Nuclear threat has existed for many decades already, and by now most people know what MAD means.  In this blog post I’m not going to bother with voicing my opinion on nuclear threat.  Instead, I’m going to focus on voicing my opinion on cyber threat.

Lately, we have seen big powers like USA and China accuse each other of cyber warfare.  It’s obvious that it’s hard to know who is doing what in term of hacking one another in the cyberspace.  Nonetheless, I think I know why cyber threat is a growing concern.

On the surface, before we unravel all the layers of onion, we truly cannot see why there are fusses about cyber security.  For some people, they think that cyber threat can be dealt with best cyber security practices and no more than that.  Of course, it’s true that cyber security measures such as installing well known antivirus software and firewall are definitely going to help counter most cyber vulnerabilities.  Nonetheless, there are other cyber vulnerabilities out there that won’t be eliminated by even the most powerful firewall and antivirus programs.  Why?  I think there are some well kept or new cyber vulnerabilities that have not been dealt with, because these cyber vulnerabilities are well kept secrets or too new.  By using these cyber vulnerabilities and better hacking tools, hackers are able to wreck havocs on the cyber networks of the world.

When we peel more layers of the onion off, we can see that cyber security is very important.  How come?  In my opinion, it’s about a digital future where money mainly get create in digital form.  This is the future trend that our present (the world) is heading for.  Of course, if we just rely on cyber networks for communication and not for banking and monetization, then cyber security can only be boiled down to privacy and few other things but not of money matters.  Nonetheless, cyber networks as in the Internet can be used for electronic commerce, banking, and the whole nine yards.  This means cyber security is needing to be taken seriously, otherwise hackers can just waltz in and erase, steal, change, and do whatever else to the digital money that belong to various money matter institutions such as banking, electronic commerce giants, and whatnot.

I can imagine a scenario that a group of powerful hackers that is sponsored by a powerful organization hacks a cyber system of a country to a point that they erase all of the digital money from this country, leaving this country as a bankrupted nation.  Nonetheless, this country can totally create new digital money out of thin air if she wants to, but will this be ethically, legally, and sensibly?  Can such an incident be covered up easily?  After all, we’re living in a globalized world, and transactions are having been done globally all the time; something like this if to rain upon a country will not be easily covered up.

This is why I think cyber security issues are so important nowadays.  Without proper measures to protect cyber networks, the vulnerable Internet can gradually weaken the trust of digital money transactions, leaving countries and everyday people seek out the traditional means of doing transactions.  Perhaps, this is why we’re seeing the prevalence of traditional transactions today.  Cash is one good example of traditional transactions.

When I’m hearing how one country is having difficulty in protecting a state secret from being leaked out through the cyber networks, I think it’s absurd that such a country is connecting her secret networks to the Internet in the first place.  I think each country should keep her state secrets on an Intranet that won’t be connected to the regular Internet.  Furthermore, such a country needs to provide physical protections to her Intranet, because when hacking cannot be done remotely someone ought to waltz into such a network physically so the hacking can be done eventually.  For an example, stealing state secrets with the usage of a thumb drive (USB devices or similar devices).

In summary, I think the fusses about cyber security threat are real.  This is why we are hearing countries complain about being victims to hack attacks and whatnot.  Corporations are also experiencing cyber security issues, because corporate espionage can be done through cyber networks with ease.  Whenever an entity is connecting to the Internet and it doesn’t matter what type of entity that is, cyber security issues become real just like any other important issue that matters.  Of course, if there is a day that we do not rely on the Internet anymore and money transactions do not take place in the Internet, then cyber threat will not be a threat of anything but only a historical fact.

Personal Note:  The advance of encryption is also important, because encryption can be incorporated into various network tools to secure the Internet transactions.  With strong encryption, it’s harder for hackers to decrypt the Internet transactions into plain text, thus preventing important information from being leaked.

New Structure of EssayBoard’s YouTube Channel Membership

From now on, all technology related videos and educational videos that I’d made and will make for my YouTube channel will still be free to watch, but most gameplay videos will only be made for pay membership subscribers.  The subscription rate is $6.99 per year.  Once you join and become a member of EssayBoard’s YouTube channel, you will be able to unlock all gameplay videos and future gameplay videos that I’d made and will make.  By going this route, I can continue to support my habit of making more gameplay videos, but at the same time I will also be able to provide free useful videos (such as educational videos on Linux and whatever) to the mass.  Thank you for your understanding.  Got some time to waste?  Check out EssayBoard’s YouTube channel!