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Bitcoin is Invulnerable, Invincible and Psuedo-Anonymous while Bitcoin Group gives back $5.9M

MB · 2016-03-10 ·00:03:29 ·MadBitcoins
my http://protip.is 1LAYuQq6f11HccBgbe6bx8DiwKwzuYkPR3 March 9, 2016 -- the first day of the rest of your life Here are Today’s MadBits Why criminals can't hide behind Bitcoin http://www.sciencemag.org/news/2016/03/why-criminals-cant-hide-behind-bitcoin Opinion, from the Financial Times: I want ...

Summary

This episode, recorded on March 9th, 2016, addresses several claims regarding the status and security of Bitcoin, while also covering a corporate development involving a mining consortium.

1) Main Topics Discussed:
* Anonymity: The speaker refutes the notion that Bitcoin is genuinely anonymous, stating it has been "pseudo-anonymous" since the beginning.
* Security and Resilience: The speaker strongly asserts that the Bitcoin protocol remains "invulnerable" and that the network has not been broken, dismissing claims that the cryptocurrency is dead.
* Technical Challenges: The speaker dismisses concerns about the block size issue, stating that consensus is forming and the software will be adjusted.
* Bitcoin Group IPO: The Australian mining consortium, Bitcoin Group, withdrew its Initial Public Offering (IPO) plans and returned the $5.9 million it had previously raised due to insufficient working capital.

2) Key Quotes:
* "Bitcoin has been pseudo-anonymous. That's right, pseudo, which means not genuine."
* "The Bitcoin network, the Bitcoin protocol has not been broken. It is still invulnerable."
* "Bitcoin is not dead. Not by a long shot."

3) People/Entities Mentioned:
* Bitcoin Group (Australian mining consortium)
* Science Magazine
* Financial Times

4) Bitcoin Price:
* The price was reported as steady, with a low of 408, a high of 414, and a low of 408. (The previous price on December 12th was 415).

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