Brussels, Belgium -- Grabbing that cash with both hands to make a stash -- Bitcoin prices steady, Ranging between 113 and 117 -- here are today's mad bits:
1.) Bitcoin buzz shakes US bond market
http://www.ft.com/cms/s/0/e9198f38-b7cb-11e2-9f1a-00144feabdc0.html#axzz2T6AfYikM
2.) Should Google La...
This episode, recorded on May 12, 2013, focuses on the rapidly growing mainstream interest in Bitcoin, arguing that its decentralized nature is challenging traditional financial systems.
Main Topics Discussed:
- Market Buzz and Trust: The episode notes that Bitcoin's buzz is shaking the U.S. bond market, positioning the currency as an experiment in sowing trust outside of central bank control.
- The Threat to Big Tech: The speaker argues that major tech companies, like Google, will inevitably have to copy Bitcoin to facilitate micro-payments, as traditional fiat systems become obsolete.
- Mainstream Adoption: Bitcoin is transitioning from a niche tech topic to a fixture in mainstream financial and consumer news, signaling that it is being treated as a serious form of money.
- Systemic Challenge: The rise of Bitcoin is presented as a challenge to worthless fiat currency, credit card companies, and their associated fees.
Key Quotes:
- "Bitcoin is cryptographic currency. It's mathematical money."
- "Google must copy Bitcoin so that I can store money in Google for them to use for these micro-payments."
- "Bitcoin is becoming a serious form of money."
People Mentioned:
Matt, John McLaughlin (Financial Times).
Bitcoin Price:
Steady, ranging between 113 and 117 (on May 12, 2013).