LLM Wiki / Episode

Coinbase Instant for Verified Users -- Bitcoin Deutschland Bank Partnership -- Forbes Video Game FUD

MB · 2013-07-12 ·00:03:11 ·MadBitcoins
July 12, 2013 -- Dubai, UAE -- I've got convex preferences, but my supply and demand have hit a Hubbard curve. -- Here are Today's MadBits: Bitcoin Prices are back baby! Large volume spikes continued to send bitcoin prices higher, breaking the $100 barrier. With a Last of $97, a High of $104, a L...

Summary

This episode, broadcast on July 12, 2013, covered significant developments in the Bitcoin ecosystem, including improved exchange services and institutional partnerships, while also debunking a critique from Forbes magazine.

The speaker highlighted the move by Coinbase to offer instant Bitcoin transfers for verified users, making the process faster and more reliable than previous methods. Additionally, the episode announced a key partnership between Bitcoin.de and Fedorbank AG, allowing customers to trade Bitcoin in near real-time using a free Giro account. Finally, the segment addressed a "FUD" (Fear, Uncertainty, Doubt) article in Forbes that compared Bitcoin unfavorably to the Interstellar Credits currency of the game EVE online. The speaker dismissed this comparison, pointing out that EVE's stability relies on hiring an economist to artificially adjust supply, rather than genuine market forces.


1) Main Topics Discussed:
* Coinbase offering instant Bitcoin transfers for verified users.
* The partnership between Bitcoin.de and Fedorbank AG for near real-time trading.
* Debunking a Forbes article that compared Bitcoin to video game currency (EVE online).

2) Key Quotes:
* "if you're willing to verify your information with Coinbase and essentially link your Bitcoin wallets to your real-world identity, you can buy Bitcoins instantly."
* "The central banker of EVE online also has it figured out better than the Bitcoin Dreamers."
* "Because all you have to do is hire an economist and all your troubles are over, dude."

3) People Mentioned:
* Oliver Flaskamper (Managing Director of Bitcoin Deutschland).

4) Bitcoin Price:
* Last: 97, High: 104, Low: 85 (Volume: 88,849).

#madbitcoins#(literary#genre)#spoof

People mentioned

Oliver Flaskamper