This episode, recorded on November 18, 2014, covered several major developments in the Bitcoin space, ranging from institutional validation to local hacking incidents and market speculation.
1) Main Topics Discussed:
* The World Bank announced that Bitcoin is not a Ponzi scheme, citing a new research paper.
* A hacking incident involving the City of Detroit, where hackers demanded a ransom of $800,000 in Bitcoin for an encrypted database.
* Detroit's response to the hack, which involved hiring another hacker for $500 in Bitcoin to resolve the issue.
* Market speculation regarding investor Tim Draper's potential second bid on government-stolen Silk Road Bitcoins.
2) Key Quotes:
* "World Bank says Bitcoin is not a Ponzi scheme."
* "Hackers sees database from City of Detroit and demanded $800,000 in Bitcoin."
* "Tim Draper's got a thing for Bitcoins..."
3) People/Entities Mentioned:
* World Bank
* Tim Draper
* City of Detroit
* Yogi Barra
4) Bitcoin Price:
* Winkdex reported a last price of $3.77, with a high of $3.84 and a low of $3.72.
* Lightcoin was noted at $3.76.