This episode, recorded on May 28, 2013, discusses the evolving commercialization and stability of Bitcoin, highlighting key players and recent market developments.
Summary:
The discussion focuses heavily on Coinbase's growing role as the primary, user-friendly gateway for buying Bitcoin, positioning it as the industry standard. The episode also addresses the fragmentation of the crypto exchange market, specifically noting that OK Pay's withdrawal is causing difficulties for the Magic the Gathering Online Exchange, and that the market is becoming increasingly reliant on smaller exchanges like Bitt Instant. Finally, the segment celebrates the public support for Bitcoin, exemplified by comedian Roseanne Barr's supportive tweets regarding post-apocalyptic laws.
Main Topics Discussed:
* Coinbase's Dominance: Coinbase is presented as the leading platform for Bitcoin commercialization, making it accessible to non-technical users through traditional bank linking methods.
* Market Fragmentation: The withdrawal of OK Pay is cited as a major disruption, creating instability for established platforms like Mt. Gox and the Magic the Gathering Online Exchange.
* Public Support: The segment highlights celebrity support, specifically Roseanne Barr, who tweeted about the illegality of debt slavery, aligning with Bitcoin's anti-establishment narrative.
Key Quotes:
1. "Coinbase, the savings account of the Bitcoin world, continues to look like the standard."
2. "OK Pay, shuts down Mt. Gox transfers, more and more trouble for Magic the Gathering Online Exchange today."
3. "Slavery in all forms is now illegal, including debt slavery. Bitcoin, welcome aboard Rosie, glad to have you."
People Mentioned:
* Roseanne Barr
* Matt Bitts (Host)
Bitcoin Price:
* Steady in the 120-130 range (after an upspurt from 115). (Last was 128, high of 132, low of 124).