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October 23rd, 2014 -- Nutrition: Thats the MadBitcoins Tradition
Tired of Mining hardware manufactures that just d...
This episode, broadcast on October 23, 2014, covered major developments in the cryptocurrency space, focusing on new market entries, retail resistance to digital payments, and legal action against altcoin platforms.
Summary of Key Topics:
- New Exchange Launch: A new independent Bitcoin exchange launched in Sydney, Australia, signaling continued global expansion of the market.
- Retail Payment Conflict: Retailers CVS and Rite Aid were reported for turning off NFC features on their registers specifically to resist Apple Pay. They plan to promote their own proprietary currency system, which the hosts criticized as a "pathetic imitation of Bitcoin."
- Altcoin Legal Issues: The altcoin exchange Cripsy was sued by Silver Law Group for allegedly making false and misleading claims regarding easy profits, high returns, and zero risk.
- Mining Hardware: The episode promoted CleverHash, announcing a partnership with OpenCylocone to produce the X-15 ASIC miner.
Key Quotes:
- "Retailer CVS and Rite Aid have both turned off the NFC features on their registers to spite Apple pay and consumers..."
- "...current C, much like Apple pay doesn't work with any other system and therefore is a pathetic imitation of Bitcoin."
- "Famed Altcoin Exchange Cripsy has been sued for making false and misleading claims of easy profits, high returns, and no risk."
People/Entities Mentioned:
- CVS
- Rite Aid
- Apple Pay
- Cripsy
- Silver Law Group
- CleverHash
- OpenCylocone
Bitcoin Price:
- Bitcoin was reported with a low of $348, a high of $354, and a last price of $353. Litecoin was noted at $3.80.