This episode provides an update on the state of Bitcoin in mid-2014, covering major investment news, institutional adoption, and community fundraising efforts.
1) Main Topics Discussed
* BitGo Funding: The Multi-SIG Bitcoin Wallet Provider, BitGo, successfully raised $12 million, securing investments from prominent groups like Verisign and Ashton Kutsner.
* Institutional Adoption: King's College, a private liberal arts college, became the first accredited U.S. school to accept Bitcoin for tuition.
* Online Commerce: The promotion of BitDazzle, an online marketplace allowing users to sell goods (like jewelry and beer glasses) for Bitcoin.
* Coin Spotlight: Litecoin was highlighted as the "coin of the week."
* Community Fundraising: An update on the "Belt Wave" fundraiser to send Chris Ellis to DC and Pork Fest.
2) Key Quotes
* "Bitcoin prices are back to normal with CoinDesk BPI reporting a last of $594." (Captures the market status)
* "King's College... now accepts Bitcoin." (Highlights the major adoption news)
* "An online store where you can sell your stuff for Bitcoin." (Defines the purpose of BitDazzle)
3) People Mentioned
* Chris Ellis (Fundraiser focus)
* Founder of Litecoin
* Verisign
* Ashton Kutsner
4) Bitcoin Price if Mentioned
* Bitcoin (BTC): Last price reported at $594 (High of $606, Low of $584).
* Litecoin (LTC): $9.64.