Visa CEO: Bitcoin Not a Threat -- FinCEN Miners not Transmitters -- Bitcoin Worldwide
MB
·
2014-01-31
·00:05:09
·MadBitcoins
sponsored by http://DigitalBitcoin.org -- the revolution will not be centralized!
January 31, 2014 -- London, England -- MadBitcoins: For people on the go! The MadBitcoins Subscriber Index is at 2315. If you thought everything was digital now.... Wait until you see 2315. Deep Star VI just arri...
Summary
Here's a summary of the 2014 Mad Bitcoins episode:
1. Main Topics Discussed:
- Visa's Perspective on Bitcoin: The episode highlights a statement from the Visa CEO who doesn't view Bitcoin as a threat.
- FinCEN Ruling: A FinCEN declaration clarifies that Bitcoin miners are not considered money transmitters.
- Global Bitcoin Interest: The New York Bitcoin hearings garnered significant international attention.
- Altcoin Adoption: Bittylicious is expanding to accept Purecoin and Worldcoin, and Pozapet.net now accepts Dogecoin.
- Regulation Concerns: The hosts express skepticism about the state of New York's involvement in regulating Bitcoin.
2. Key Quotes:
- "Bitcoin doesn't see VISA as a threat either. Your fees are too high, your payouts are too slow, and no one likes you credit cards."
- "Miners are not money transmitters. They're miners, that's what they do. They mine, mine bitcoins, and altcoins too."
- "Maybe it really is, what's the word, to think that the state of New York has any business regulating Bitcoin, or that Bitcoin needs any regulation at all?"
3. People Mentioned:
- Visa CEO (unnamed)
- Donor 0.0022308, 0.007, James Bitcoin, 0.001, 0.0012
- Satoshi (referring to Bitcoin's creator)
4. Bitcoin Price:
- Bitcoin: $850 (range: $839 - $852)
- Litecoin: $21 and $0.10
People mentioned