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-Apology for the video in last show and talk about how I searched for other se...
Here's a summary of the WCN episode "Bitcoin News #24" from 2016-09-13, combining the provided excerpts:
Summary:
This episode of WCN focused on the evolving landscape of blockchain technology and its relationship to Bitcoin, featuring a discussion shift from Blab.im to Google Hangouts due to technical issues. The episode critiques centralized blockchain initiatives while championing the ethos of Bitcoin's decentralized development.
Main Topics:
- Our Three (T3): A company seeking Series A funding and its business model viability.
- R3: Criticism of R3's blockchain efforts as a marketing ploy to modernize banking infrastructure, not a genuine blockchain solution.
- Private Blockchains (Gordon): Their potential to educate users about private key management and international regulations.
- T3 (Payment Processing): Skepticism surrounding a company promising faster payment processing for banks.
- Bitcoin vs. Private Blockchains: Contrasting the open-source, grassroots innovation of Bitcoin with the struggles of larger, regulated private blockchain companies.
- Zcash: Discussion of a recent audit and the nature of its privacy features.
Key Quotes:
- "R3 primarily serves the interests of established financial institutions...it's marketing." - Julian
- The hosts questioned if Our Three was actually saving clients money.
- The panel discussed how Change Tip reversed a transaction sent to ISIS.
People Mentioned:
- Paul Pooey (CEO of AirBits)
- Julian (Melbourne Bitcoin Center)
- Gabriel Divine (Future Rat)
- Ansel (Bitcoin Market podcast host)
- Gordon (Private Blockchain)
Bitcoin Price: Not mentioned in the provided excerpts.
The episode emphasized the importance of a "three guys in a garage" mentality for innovation and expressed concerns that banks will resist technologies like T3, potentially leading to their downfall. The discussion highlighted the ongoing debate about the true potential and decentralization of blockchain technology.