Mumbai, India -- I've got Micro Venture Capitol, but my buldge bracket's grossly enlarged! -- Here are today's MadBits:
1.) BitFash finally gives you the chance to convert your bitcoins into fancy dresses
http://techcrunch.com/2013/06/04/bitfash-converts-your-bitcoins-into-fashion-from-top-brands/
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This episode, recorded on June 5th, 2013, covers three major developments in the Bitcoin ecosystem: commerce, private communication, and mining hardware. The discussion highlights the ongoing challenges of mainstream adoption while celebrating technological progress.
Main Topics Discussed:
- BitFash: A service allowing users to convert Bitcoin into physical goods (from retailers like Forever 21 and Zara). The speaker notes that this is another "middleman" necessary while major retailers adopt Bitcoin.
- BitMessage: Presented as a highly encrypted electronic communication platform. It aims to provide a private alternative to standard email, especially given concerns about government monitoring of communications.
- BFL Labs Miners: Butterfly Labs shipped GigaHash miners (25 Giga Hash miners) to pre-order customers, though the speaker notes the uncertainty regarding delivery timelines.
- Market Sentiment: The episode concludes with a reflection on Bitcoin's volatility, referencing the concept of a "bubble."
Key Quotes:
- "BitMessage, unlike email, is a completely encrypted electronic communications platform."
- "It's yet another set of bootstraps as we wait for Amazon, New Egg, and the rest of the usual suspects to finally accept Bitcoin."
- "Giga Hash miners, in the wild, sweet."
People Mentioned:
- Matt Bitt (Host)
- Companies/Entities: BitFash, BitMessage, Butterfly Labs (BFL), Amazon, Forever 21, Zara.
Bitcoin Price: