This episode of "Mad Bitcoins" from March 17, 2014, covers major developments in the cryptocurrency space, focusing on the fallout from the Mt. Gox collapse, a new crypto-game, and a major denial regarding Bitcoin's origins.
Summary Overview:
The hosts discuss the ongoing saga of Mt. Gox, noting that while the exchange is allowing users to check their balances, the funds are effectively lost. They promote a new educational/gaming platform, SatoshiCode, and conclude with the news that putative Bitcoin founder Dorian Nakamoto has publicly and definitively denied any involvement with the cryptocurrency.
Main Topics Discussed:
* Mt. Gox Status: The exchange is allowing users to view balances, but the funds are inaccessible.
* SatoshiCode: A new, fun, competitive online game where users guess codes to win Bitcoins.
* Dorian Nakamoto: He has issued a formal statement categorically denying any connection to Bitcoin.
* Media Criticism: The hosts heavily criticize Newsweek for its previous incorrect reporting on Nakamoto.
Key Quotes:
1. "You just can't take it with you." (Referring to Mt. Gox funds)
2. "Dorian Nakamoto hired a lawyer and issued a statement, unconditionally denying that he had any involvement in Bitcoin."
3. "Newsweek has totally embarrassed themselves."
People Mentioned:
* Dorian Nakamoto
* Newsweek (Media Outlet)
Bitcoin Price:
* $6.17 (Low) to $6.21 (High)
* Litecoin: $17.26