This episode, recorded on May 29, 2014, covered significant developments in Bitcoin adoption, focusing on corporate acceptance and international trends, while also reviewing consumer tech and market movements.
Summary:
The episode highlighted Dish Network’s move to become a major corporate entity accepting Bitcoin through a partnership with Coinbase. Contrasting the U.S. skepticism, the discussion noted the growing adoption of Bitcoin in the Netherlands, suggesting that the country was attracting businesses with favorable regulations. On the consumer front, the segment detailed how FIVA was integrating gift card purchases into iOS wallets, providing a new utility for Bitcoin holders. The episode also featured a skeptical look at a Walmart/Butterfly Labs machine, concluding that while it was marketed as a Bitcoin miner, it was not effective.
1) Main Topics Discussed:
* Corporate acceptance of Bitcoin (Dish Network partnering with Coinbase).
* The increasing adoption and favorable regulatory environment for Bitcoin in the Netherlands.
* New utility for Bitcoin holders: Using iOS wallets (FIVA) to purchase gift cards.
* Market updates for major coins (Dogecoin, Litecoin).
* Skepticism regarding consumer-grade Bitcoin mining technology (Walmart/Butterfly Labs).
2) Key Quotes:
* "Dish to become largest company to accept Bitcoin."
* "Move your Bitcoin company to Amsterdam."
* "The sad answer. No, not really. At least. Not anymore."
3) People/Companies Mentioned:
Dish Network, Coinbase, AT&T, DirectTV, FIVA, Butterfly Labs, Walmart.
4) Bitcoin Price:
CoinDesk BPI reported a low of 556, a high of 576, and a last price of 565. Dogecoin was steady at 69 Satoshi's. Litecoin was down to $10.70.