July 15, 2013 -- Caracas, Venezuela -- I'm using the inequality of bargaining power to create a demand vacuum for my decoupling and recoupling. oh yeaaa. -- Here are Today's MadBits:
1.) De-inflationary Currency Bitcoin could end the government's ability to finance endless war
http://www.coindes...
This episode, recorded on July 15, 2013, covered the potential of Bitcoin to stabilize global finance, the evolution of alternative cryptocurrencies, and the highly anticipated proposal for a Bitcoin Exchange-Traded Fund (ETF).
Main Topics Discussed:
- Bitcoin and Global Finance: The argument that Bitcoin's deflationary nature could eliminate governments' ability to fund perpetual wars through inflationary money printing.
- Altcoin Maturity: Discussion with Jeff Garzick on the evolution of altcoins, noting a shift from "first generation" pump-and-dumps to a more experimental "second generation."
- Bitcoin ETF Proposal: The announcement of the Winklevoss Twins’ plan to create an ETF tracking Bitcoin, despite warnings regarding regulatory and operational risks.
Key Quotes:
1. "Deflationary currency Bitcoin could end the government's ability to finance endless war."
2. "Experimentation is wonderful." (Referring to altcoin development).
3. "all this experimentation will absolutely inform the Bitcoin ecosystem."
People Mentioned:
* Jeff Garzick (Bitcoin developer)
* The Winklevoss Twins
Bitcoin Price:
* The price was reported to be in the $90 to $100 range (with a last price of 98).