Bitcoin Foundation to focus on Core Development -- Bitcoin Black Friday! -- War on Bitcoin?

This episode covers three major developments in the Bitcoin space: the Bitcoin Foundation's strategic shift, the upcoming Black Friday shopping event, and a warning about regulatory threats.

Summary:
The Bitcoin Foundation announced a pivot to focusing solely on core development, indicating a commitment to building the underlying technology and even planning to hire new developers. Separately, the episode highlighted the massive scale of Bitcoin Black Friday 2014, which was set to feature over 6,000 merchant deals, with a significant focus on raising funds for charities.

The segment concluded with a cautionary discussion featuring Rick Falkvenge, founder of the Pirate Party. Falkvenge warned that the internet generation is facing resistance from older, established structures that are "incapable of adapting to a relevance," predicting a coming "war on Bitcoin."

Details:

• Main Topics Discussed:
• Bitcoin Foundation refocusing on core development.
• Plans for Bitcoin Black Friday 2014 (6,000+ deals, charity focus).
• Warning regarding a coming "war on Bitcoin" from regulatory structures.
• Key Quotes:
• "The Bitcoin Foundation has decided to focus on core development and is even looking to hire a new developer."
• "Those structures are incapable of adapting to a relevance."
• "Sadly, they'll have no choice because Bitcoin is simply better."
• People Mentioned:
• Rick Falkvenge (founder of the Pirate Party).
• Connie (from BitGive).
• Bitcoin Price:
• Down 3.5%. Last: 359, High: 378, Low: 356.
• Litecoin: $3.60.