Cairo, Egypt -- I've got Irrational exuberance for my Intangibles and my Leveraged buyout is a Ten bagger -- Here are today's MadBits:
1.) Internet Archive + Bitcoin Credit Union
http://spectrum.ieee.org/tech-talk/computing/networks/credit-union-bitcoins-new-best-friends
2.) Merchants lose credit ...
Here's a summary of the May 26, 2013, "MadBitcoins" episode:
1. Main Topics Discussed:
- Internet Archive & Bitcoin: Discussion about the potential for the Internet Archive to integrate Bitcoin, possibly creating a credit union-like system with a debit card for USD spending and BTC savings.
- Credit Card Lawsuit: Merchants are upset about a lawsuit loss related to credit card interchange fees and plan to sue Visa and Mastercard, alleging a conspiracy.
- Bitcoin's Role: The episode explores Bitcoin's potential to disrupt the traditional financial system and challenge the power of central banks.
- Bitcoin Adoption & Tools: Mentions of Bitcoin tipping using BitPag and Reddit Enhancement Suite (RES) accepting Bitcoin.
2. Key Quotes:
- "Bitcoin is the epicenter of a new post-capernican financial universe."
- "Bitcoin, like the internet before it, is a technological advance removing redundant middlemen."
- "Some central bankers can't believe that they are just mere cogs in the chain."
3. People Mentioned:
- Brewster Kahle (founder of the Internet Archive)
- Mad Vince (host of MadBitcoins)
4. Bitcoin Price:
- The Bitcoin price is not explicitly mentioned in the transcript.