TRANSMISSION 12 : How to vote using a blockchain

This episode, "TRANSMISSION 12: How to vote using a blockchain," covers cryptocurrency market analysis and provides a detailed tutorial on utilizing blockchain technology for voting.

Summary:
The episode begins with a review of search trends, noting the rising interest in Bitcoin and the comparison between Bitcoin and Litecoin/Dogecoin interest. The speaker analyzes the volatile Bitcoin price action, pointing out periods of indecision and potential trend reversals (like the "spinning top" pattern).

The main focus shifts to a practical demonstration: using the blockchain for voting. The speaker walks through the process of creating custom tokens (like XVote and Xmember) on a test network (Clear Wallet/Counterparty fork). This process involves creating the token, setting up the parameters (e.g., ensuring tokens are not divisible), and then distributing the voting tokens to club members. The demonstration emphasizes that while the process can be done on the Bitcoin blockchain, it is shown using a cheaper, faster fork for demonstration purposes.

Extracted Information:

Main Topics Discussed:
Analysis of cryptocurrency search trends (Bitcoin, Litecoin, Dogecoin, PGP).
Technical analysis of Bitcoin price volatility and potential trend reversals.
Step-by-step tutorial on creating and distributing voting tokens using blockchain technology.
Key Quotes:
"The seller's won the battle for that day, so to say it's a red candle, but in reality almost no, there was not a clear signal on who won the day..." (Describing market indecision).
"It's basically the exact same thing, so it's very easy." (Referring to the similarity between using Counterparty on Bitcoin vs. the demo fork).
"We don't want to have half votes, or Satoshi votes, it doesn't make any sense." (Highlighting the need for whole, discrete votes).
People Mentioned:
Hans
Mary
Laura
Thomas
Jonas
Bitcoin Price if Mentioned:
Around $455 (high point)
Around $380 (low point/current level)