This episode, recorded on June 3rd, 2014, covered major developments in the cryptocurrency space, focusing on regulatory shifts, institutional concern, and the promotion of specific altcoins.
1) Main Topics Discussed:
* Apple App Store Guidelines: Apple updated its guidelines, potentially allowing Bitcoin apps to function again, provided they comply with all state and federal laws. This was viewed as a major positive development for Bitcoin usability.
* Citibank's Concern: Citibank released a report, "Getting Ready for Digital Money," suggesting that Bitcoin poses a significant threat to traditional credit and debit card issuers.
* Vertcoin Promotion: The episode heavily promoted Vertcoin, an ASIC-resistant coin, highlighting the efforts of the Vertcoin athlete who ran marathons to promote the coin and healthy living.
2) Key Quotes:
* "apps may facilitate transmission of approved virtual currencies provided that they do so in compliance with all state and federal laws..." (Referencing the new Apple guidelines).
* "Citibank has published a new report entitled Getting Ready for Digital Money, where they realize that Bitcoin is about to replace everything that they do."
* "If it's something we can share, we can steal it." (The closing philosophical thought).
3) People/Entities Mentioned:
* Apple (The App Store).
* Citibank.
* Vertcoin Athlete.
* CoinDesk BBI (Data source).
4) Bitcoin Price:
* Bitcoin: Last of $664, high of $6.75, and a low of $6.46.
* Vertcoin: $0.97.
* Litecoin: $11.34.