This episode, recorded on September 11, 2013, covers market updates, business ethics, and consumer complaints within the cryptocurrency space.
Main Topics Discussed:
* CoinDesk BPI: The launch of CoinDesk's proprietary, exchange-independent Bitcoin Price Index (BPI), noting that Bitcoin prices were steady in the 120 range.
* Avalon's Ethics: Praise for Avalon for refunding $2.9 million in Bitcoins to ASIC minor customers, highlighted as an example of good business practice.
* BFL Controversy: Strong criticism directed at BFL for allegedly censoring forum posts and records, preventing customers from accessing refunds for products that were never shipped.
* Refund Process: The speaker detailed their personal struggle to obtain a full refund from BFL, suggesting that PayPal might be necessary to resolve the issue.
Key Quotes:
1. "If you can't make the orders you've accepted, return their money. That's just good business practice."
2. "CoinDesk launches proprietary Bitcoin price index BPI."
3. "Imagine if Amazon asked you to read some blog instead of simply shipping you the book or saying they don't have the book and refunding your money."
People/Entities Mentioned:
CoinDesk, Avalon, BFL, ASIC, PayPal, Jody.
Bitcoin Price:
Steady in the 120 range (Last: 121, High: 123, Low: 120).