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Square accepts Bitcoins -- Silk Road: Bitcoin is not Money -- Trezor Hardware Bitcoin Wallet

MB · 2014-04-02 ·00:04:03 ·MadBitcoins
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Summary

This episode, broadcast on April 2, 2014, covered significant developments in Bitcoin adoption, legal challenges, and hardware security.

1) Main Topics Discussed
* Bitcoin Adoption: Square partnered with Coinbase to accept Bitcoin, allowing small businesses to use scannable QR codes and instantly convert BTC into USD.
* Legal Challenges (Silk Road): The defense for the alleged Silk Road creator argued that Bitcoin was a "monetary instrument," not a currency, attempting to dismiss money laundering charges.
* Hardware Security: The episode promoted Trezor, a hardware wallet, emphasizing its superior security compared to vulnerable paper wallets, as it is a small, secure computer.

2) Key Quotes
* "Square market partners with Coinbase to accept Bitcoin."
* "Bitcoin is monetary instrument, moves to drop all charges."
* "Watch out paper wallets, it's Trezor, a sound alike of the word treasure..."

3) People Mentioned
* Square
* Coinbase
* Silk Road creator (Roberts/Olbright)
* Trezor

4) Bitcoin Price
* Last: $467
* High: $494
* Low: $463
* (Note: Lightcoin was at $12.68)

#madbitcoins#bitcoin#silk road#digital wallet#bitcoin

People mentioned

Silk Road creator