Summary of "BCTalk Hacked Again -- Hong Kong Goo Mining Bitcoins -- $100M Sheep Fleeced" (2013-12-03)
This episode covered several major developments in the volatile Bitcoin ecosystem, focusing on security breaches, innovative mining techniques, and the instability of virtual black markets.
1) Main Topics Discussed:
* Security Concerns: The popular forum BC Talk was reported as having been hacked again, prompting members to change passwords and suggesting a move to more secure platforms like Google Groups.
* Innovative Mining: Discussion of a secret Hong Kong facility that uses a highly efficient method involving boiling goo (with a low boiling point) to remove heat from mining machines while continuously mining Bitcoin.
* Black Market Instability: The episode detailed the massive $100 million theft from the "sheep marketplace" and the subsequent closure of related sites (like Sheep Road and black market reloaded) due to theft or overpopulation.
* Bitcoin Lore: The origin story of the nickname "Bitcoin Jesus" was recounted, linking the name to a memorable encounter with the Bitcoin Foundation.
2) Key Quotes:
* "Bitcoin prices are back in the $1,000 range..." (Note: This quote is ironic, as the actual price cited was much lower.)
* "The secret Hong Kong facility that uses boiling goo to mine bitcoins."
* "It's like you're a Bitcoin Jesus, with all your disciples around you."
3) People Mentioned:
* Roger Veer (34-year-old Bitcoin investor)
* Peter Vessenis (Chairman of the Bitcoin Foundation)
4) Bitcoin Price:
* Reported price range: Low of $10.38, High of $10.92, Last of $10.66. (Note: The episode also referenced $100 million in stolen Bitcoin.)