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US Congress on Bitcoin -- Secure File Storage for Bitcoins -- Australian Bitcoin Foundation

MB · 2013-08-14 ·00:02:41 ·MadBitcoins
August 14, 2013 -- Rio De Janeiro, Brazil -- The real tragedy of the commons is that our prices are so low, they're insane! Here are Today's MadBits: Bitcoin prices jumped into the $110-$115 range with large volume spikes. With a Last of $112, High of $115, Low of $106, Volume at 46,135. 1.) Cong...

Summary

This episode, recorded on August 14, 2013, covered the growing mainstream attention, technological integration, and organizational efforts surrounding Bitcoin. The overall tone was one of rapid growth and increasing global adoption.

Main Topics Discussed:
* US Congressional Interest: The Senate Homeland Security and Government Affairs Committee began investigating Bitcoin, sending letters to various agencies to request disclosure on their virtual currency policies and coordination plans.
* Secure Storage Integration: The online file service, Spider Oak, announced that it would begin accepting Bitcoin, pairing secure encrypted file storage with the cryptocurrency.
* Australian Foundation Building: Australian Bitcoin enthusiasts were actively working to establish the Australian Bitcoin Foundation, signaling a global trend of local Bitcoin organizational growth.

Key Quotes:
1. "The real tragedy of the commons is that our prices are so low, they're insane!"
2. "Bitcoin and secure encrypted file storage, sounds like a match made in heaven."
3. "I've had a passing interest in Bitcoin for a couple of years now, but it was only the last months that I've started spending a lot of time reading and researching, and now organizing Bitcoin."

People/Groups Mentioned:
* Senate Homeland Security and Government Affairs Committee
* Spider Oak (File Storage Service)
* Australian Bitcoin Group (Founder)

Bitcoin Price:
* The price jumped into the 110-115 range, with a last recorded price of 112.

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