This episode, recorded on November 16, 2014, covers updates on the burgeoning Potcoin ecosystem, upcoming cannabis deals, and the highly volatile state of Bitcoin.
Main Topics Discussed:
* Potcoin Development: Pot Labs is actively improving its suite of products (pot wallet, potcoin joint, pot funder). The new pot wallet is highlighted for its ability to handle high transaction volumes, and the developers are establishing themselves as community drivers, working with local shops in Montreal.
* Black Friday Cannabis Deals: The episode notes that Black Friday is a major opportunity for cannabis buyers, citing a Denver dispensary that offered significant discounts on ounces, pre-rolls, and grams.
* Bitcoin Volatility: Bitcoin experienced a positive week, rising from the $340 range to near $400. The speaker emphasizes that the price is highly unpredictable, suggesting that its relatively small market cap ($5 billion+) makes it susceptible to manipulation, regardless of major news events.
Key Quotes:
* "Bitcoin's volatility cannot be predicted."
* "The only thing that I've learned is just to stop making predictions."
* "Pot Labs... are creating the solutions. Rather than blame the developers for problems..."
People Mentioned:
* Pot Labs (Development group)
* Denver dispensary (Local business)
Bitcoin Price:
* The price was noted as rising from the $340 range to near $400. (Market cap was stated as just over $5 billion).