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November 13, 2013 -- The Philippines -- MadBitcoins: The Choice Is Yours. Here are Today's MadBits: ...
Here's a summary of the 2013-11-13 "Mad Bitcoins" episode:
1. Main Topics Discussed:
- Typhoon Relief in the Philippines: The episode highlights the devastation caused by a typhoon and encourages Bitcoin donations through fr338.com/BitcoinNotBombs, with a matching donation campaign.
- Bitcoin Exchange Closures & Hacks: Several Bitcoin exchanges are facing issues, including disappearing with customer funds (GBL), closing without notice (TradeFortress, Bitfunder), and being hacked (Bitcash.cz).
- Bitcoin Security: The host emphasizes the importance of storing Bitcoins offline ("on paper" - printed private/public keys in a safe deposit box) for security.
- Bitcoin Price & Trading: Mentions current Bitcoin prices and promotes TokyoCodes.com for exchanging Bitcoin for gift cards.
2. Key Quotes:
- "The good news is that you can help. Bitcoin to the rescue."
- "You know the greatest trick the devil ever pulled was making the world believe he didn't exist." (referring to the disappearance of GBL)
- "What goes up must come down." (referring to Bitcoin's price volatility)
3. People Mentioned:
- fr338
- Kobayashi (likely referring to someone associated with GBL)
- An 18-year-old boy from Sydney (operator of TradeFortress)
4. Bitcoin Price:
- CoinDesk BPI: High of 383, Low of 349
- Mount Gox: High of 420
- Litecoin: $3.78
- Mention of Bitcoin being worth over $2,500 when discussing donations.
The episode served as a cautionary tale about the risks associated with unregulated Bitcoin exchanges and promoted safer storage practices.