This episode, broadcast on May 6, 2014, provides an update on the rapidly evolving Bitcoin ecosystem, focusing on investment potential and the real-world viability of living solely on cryptocurrency.
Main Topics Discussed:
* Bitcoin Market Status: Daily price fluctuations were reported, noting that CoinDesk BPI saw a low of 4.18 and a high of 4.31.
* "Living on Bitcoin" Sequel: The discussion revisited Forbes writer Cashmere Hill’s year-long experiment, noting her continued progress and learning about transaction details.
* Investment Thesis: Investor Mike Novakratz presented a strong argument for Bitcoin’s future, emphasizing the massive human capital and open-source community driving the project.
* Ecosystem Promotion: The episode promoted the "mad bitcoins" Patreon program, the Coin of the Week (Peercoins), and RedCoin’s dedicated tipping platform.
Key Quotes:
* "Bitcoin has captured the imaginations of programmers... I've never seen a small project with more human capital going into it." (Mike Novakratz)
* "Bitcoin is going to rise up and replace the world's money system." (Mike Novakratz)
* "A mad bitcoins, works wonders." (Opening greeting)
People Mentioned:
* Cashmere Hill (Forbes writer, subject of the "Living on Bitcoin" series).
* Mike Novakratz (Investor, bullish on Bitcoin).
* Mimetic Engineer (Newest member of the MVP Patreon group).
Bitcoin Price Information:
* CoinDesk BPI: Last of 4.26, High of 4.31, Low of 4.18.
* Redcoin: Last of 5 Satoshi's.
* Lightcoin: $10.27.