Bitcoin Stability? -- A Crowning Achievement in Galactic Civilization -- GitHub Visualization (#015)

Here's a summary of the May 12, 2013, "Bitcoin Stability?" MB episode:

1. Main Topics Discussed:

• Bitcoin Price Stability: The episode centers around the recent (at the time) relative stability of Bitcoin's price, hovering around $113, and whether this marks a genuine shift or a temporary lull.
• Technical Analysis: Discussion of a "consolidation triangle" pattern and its implications for future price movement.
• Bitcoin's Future Value: Speculation about Bitcoin's potential future value, with the host suggesting it could reach $500 or even $1000.
• Bitcoin & Decentralization: A comparison to galactic currency exchange in Master of Orion 2 and a historical reference to Andrew Jackson's fight against banks, highlighting Bitcoin's decentralized nature and the power of the people.
• Bitcoin GitHub History: A brief mention of a visualization of Bitcoin's GitHub history, showcasing Satoshi's code edits.

2. Key Quotes:

• "Is this the beginning of Bitcoin value stability? Or do you think it's only a matter of time before it returns to its wild ways?" - Host questioning the price stability.
• "I've always thought that the value of Bitcoin was much higher than $100. Maybe $500, maybe $1000." - Host speculating on Bitcoin's potential future value.
• "With Bitcoin, the people do rule." - Connecting Bitcoin's decentralization to Andrew Jackson's slogan "Let the people rule."

3. People Mentioned:

• Maharisa (contributor)
• Lollicat (contributor)
• Andrew Jackson (historical figure)
• Satoshi (Bitcoin creator)

4. Bitcoin Price:

• The price was fluctuating between $110-$120.
• It had recently dropped to $100.
• The price was around $113 at the time of recording.
• The host speculated it could reach $500 or $1000.