Vicurex Teeters -- Kraken Passes -- Could Mesh Networking Change the World?
MB
·
2014-03-24
·00:04:35
·MadBitcoins
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March 24, 2014 -- Memphis, Tennessee -- MadBitcoins: Enjoy. MadBitcoins Subscriber Index 3086. Here are Today's MadBits: Bitcoin Prices are up slightly with Coindesk BPI reporting a Last of $574, a High of $575 and a Low of $551. Litecoin...
Summary
Here's a summary of the March 24, 2014, "Mad Bitcoins" episode:
1. Main Topics Discussed:
- VyCurex Troubles: A small Bitcoin exchange, VyCurex, experienced significant withdrawals, leading to a freeze on customer accounts.
- Kraken's Proof of Reserves: Cryptocurrency exchange Kraken successfully completed a cryptographically verifiable proof of reserves, a development seen as a potential solution to issues like those experienced by Mt. Gox.
- Mesh Networking & Firechat: Discussion of a new iOS app, Firechat, utilizing mesh networking technology to create a person-to-person internet, highlighting its potential applications.
2. Key Quotes:
- "You all know that theoretical cryptographic proof of reserves that we've been talking about is one of the possible post-boredom solutions to the Mt. Gox problem?"
- "Imagine if every marathon runner carried a phone with this new app Firechat and there was Wi-Fi at the starting line."
- "Congratulations, Kraken."
3. People Mentioned:
- Stefan Thomas (CTO of Ripple Labs, founder of We Use Coins.com, BitcoinJS, and Bitcoin Talk Administrator)
- Mention of Mt. Gox (in relation to proof of reserves)
4. Bitcoin Price:
- Bitcoin price reported as $5.74 (high $5.75, low $5.51).
- Litecoin price: $15.95
People mentioned