This episode, recorded on August 3, 2014, covered updates on the burgeoning potcoin market, critiques of NFL drug testing standards, and a warning regarding potential devaluation of Bitcoin due to New York regulations.
1) Main topics discussed:
* PotCoins: The virtual currency, used by Colorado marijuana businesses, is gaining mainstream attention through celebrity mentions (Joe Rogan, Chevy Chase) and promotional efforts.
* NFL Drug Testing: A critique of the NFL’s drug policy, specifically noting the extremely strict standards for marijuana use compared to the relative leniency shown for physical abuse (e.g., Ray Rice).
* Bitcoin Regulation: Discussion of the impending New York BitLicense, which would require merchants to associate names and physical addresses with transactions, potentially creating "Tainted Bitcoins" and devaluing them compared to "Virgin" or "Free Market" Bitcoins.
2) Key quotes:
* "The more celebrities that get on board, the quicker potcoin will go mainstream."
* "If the NFL thinks that if you smoke one time, it's abuse, as if there was no such thing as recreational use."
* "If this happens, New York Tainted Bitcoins will be much less valuable, and Virgin Bitcoins could be more valuable..."
3) People mentioned:
Joe Rogan, Doug Benson, Chevy Chase, Josh Gordon, Ray Rice.
4) Bitcoin price if mentioned:
No specific Bitcoin price is mentioned. (The value of 4.20 pot is noted as "just over two cents right now.")