BitLicences Released -- CheapAir $1.5 Million in Bitcoin Sales -- Google +1's Bitcoin
MB
·
2014-07-17
·00:07:03
·MadBitcoins
Join the MadBitcoins Patreon for behind the scenes content! Subscribe for as low as $5 a month! http://patreon.com/madbitcoins
July 17, 2014 -- Williamsburg, Virginia -- Whatcha watching? Mad Bitcoins.
Bitcoin Rebel T-Shirts hats and hoodies! As seen on TV! As worn as MadBitcoins by MadBitcoin...
Summary
Here's a summary of the MB episode transcript from July 17, 2014:
1. Main Topics Discussed:
- New York BitLicense: Discussion of the newly released BitLicense regulations in New York State, requiring exchanges and Bitcoin-to-fiat businesses to obtain a license and warn customers about risks.
- Google Integration: Google adding Bitcoin exchange rates to its search results and finance platform.
- eBay Hack & Bitcoin Demand: A stolen eBay user database being offered for Bitcoin, potentially a publicity stunt.
- CheapAir's Bitcoin Sales: CheapAir achieving $1.5 million in sales through Bitcoin payments.
- Emerging Cryptocurrencies: Mention of Goldbacked Coin (Independence Coin) and concerns about the "snow crashification" of currencies.
- Bloomberg's FUD: Criticism of Bloomberg for spreading fear, uncertainty, and doubt (FUD) regarding Bitcoin's security.
- South African Adoption: Payfast, a South African payment processor, incorporating Bitcoin.
- Fiat Currency Explanation: A brief explanation of what "Fiat" currency is and how it's backed.
2. Key Quotes:
- "If they're warning people about the importance of using real, two-factor authentication... Sure, I'd be in favor of those warnings."
- "Once again, the snow crashification of the world continues as all the banks may soon print their own currencies, and then all the corporations will print their own currencies, and then the people will print their own currencies, and then what's the difference between governments and corporations and the people anymore?"
- "There's no such thing as bad press."
3. People Mentioned:
- Super Nintendo Lossky
- Bloomberg (specifically criticized)
4. Bitcoin Price:
- The episode mentions a range of $6.15 - $6.26, with a reported price of $8.35.
People mentioned