Here's a summary of the WCN episode "The Bit Panel: Amazon Discounts, Prediction Markets, Crypto for Artists and Weed — Sept 23, 2015":
Summary:
This episode of WCN explores the evolving landscape of cryptocurrency and blockchain technology, moving beyond Bitcoin to encompass broader applications and innovations. The panel, comprised of Andrew Lee (Perst), Marshall Hinner (Trees), Tatiana Morose (Crypto Media Hub & singer-songwriter), and Jeremy Gardner (College Crypto Currency Network & Modder), discussed topics ranging from Amazon discounts and prediction markets to cryptocurrency’s potential within the cannabis industry and empowering artists.
The discussion highlighted the shift in industry focus from Bitcoin to blockchain, acknowledging the latter’s broader potential. Adam Levine from Tokyo Lee explained how his team built a marketplace on Amazon using Bitcoin, saving users 20% and Bitcoiners over $600,000. Marshall Hinner emphasized the challenges of payment processing for cannabis businesses and the potential of Bitcoin as a solution. Jeremy Gardner, initially skeptical of Bitcoin, now appreciates the underlying blockchain technology, particularly for decentralized prediction markets, referencing "Entry" as an early platform. The panel also explored how artists could leverage cryptocurrency to fund their work and reward fans, drawing parallels to platforms like Myspace and highlighting the potential impact of celebrity endorsements like Taylor Swift. The conversation extended to "off-coins" like Dogecoin and Auger, and the potential for Bitcoin integration through sidechains.
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Bitcoin Price: Not explicitly mentioned.