LLM Wiki / Episode

Mad PotCoins with Partial Nudity

WCN · 2014-10-19 ·00:12:27 ·World Crypto Network
Reddit Link http://www.reddit.com/r/potcoin/comments/2j4ncz/an_open_letter_to_potcoin_systems_and_potcoin/ Russell interview from August http://cointelegraph.com/news/112364/we-realize-that-the-combination-of-cryptocurrency-and-cannabis-puts-the-target-dead-center-on-our-backs-russell-thomas-cio-po...

Summary

The WCN episode "Mad PotCoins with Partial Nudity" covered a mix of cryptocurrency market analysis, regulatory updates, and unrelated social commentary.

Main Topics:
* Potcoin Status: Discussion of Potcoin's legal compliance plans, which Representative Nick views as a potential "killer app," and addressing concerns about ATM disappearance and block timing issues.
* Bitcoin Market Volatility: Analysis of a major market event involving a large sell order of 30,000 Bitcoins, which caused a temporary dip before recovering.
* Regulatory Crackdown: Coverage of Bitstamp account closures due to AML/KYC rules, and the criminal admission of a Doggy coin admin.
* Crime and Social Issues: Reports included the arrests of JC Chan and Kai Ko in Beijing for drug offenses, and a discussion on how prohibition fuels crime, citing high marijuana prices in South Bend, Indiana.
* Show Premise: The segment promoted the show Mad Potcoins, which features a nude anchor delivering Bitcoin news.

Key Quotes:
* "killer app" (referring to Potcoin's regulatory compliance).
* "pot protectors" (referring to those concerned about Potcoin's status).
* "the price subsequently recovered by about 25% to $375."

People Mentioned:
Representative Nick, JC Chan, Kai Ko, Casper (Doggy coin admin).

Bitcoin Price:
The episode noted a market dip from $300, followed by a recovery to approximately $375.

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