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Buy Bitcoins with Credit -- UK Shop goes Bitcoin Only -- 301+ Butterfly Labs Compaints

MB · 2014-05-14 ·00:03:57 ·MadBitcoins
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Summary

This episode, broadcast on May 14, 2014, covered various developments in the Bitcoin ecosystem, focusing on accessibility, retail adoption, and legal issues.

Main Topics Discussed:
* Credit Card Purchases: The service Biddylicious allows users to buy Bitcoins and Peercoins in the UK and Europe directly using credit or debit cards (calculated in Euros).
* Retail Adoption: A Scottish second-hand shop was highlighted for considering going "Bitcoin only," suggesting a shift away from cash.
* Hong Kong ATM Promotion: The HK Bitcoin ATM featured a promotional activity where users could buy Bitcoin and send a small amount to make a robot dance.
* Legal Complaints: The episode addressed a significant legal issue involving Butterfly Labs, which faced nearly 300 complaints regarding unfulfilled orders and promised miners.

Key Quotes:
* "You can now buy Bitcoins in the UK and Europe with Biddylicious, direct with your credit or debit card, direct Bitcoin purchases with credit."
* "Why not Bitcoin only?" (Referencing the UK shop's potential model).
* "there's a strong smell of fraud coming from your company." (Referencing the complaints against Butterfly Labs).

People/Entities Mentioned:
* Biddylicious
* UK Shop (Scottish second-hand shop)
* HK Bitcoin ATM
* Butterfly Labs
* CoinDesk BPI

Bitcoin Price:
* Bitcoin: Last $4.39 / High $4.42 / Low $4.36
* Peercoin: $2.08
* Litecoin: $10.37

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