Cannabis, Music, Markets, Oh My! Is Bitcoin dead or is it just getting started? Airbitz is pleased to invite you to The BitPanel. Join us as we explore upcoming use cases for Bitcoin that are sure to intrigue. Whether you’re interested in cannabis delivery drones, prediction markets, new business mo...
## BitPanel #1: Bitcoin is Dead, Viva la Bitcoin - Summary
This 2015 podcast episode, "Bitcoin is Dead, Viva la Bitcoin," explores the evolving perception of blockchain technology and its potential beyond just Bitcoin. The panel, comprised of individuals actively disrupting industries with cryptocurrency and blockchain, grapples with the increasingly common sentiment that blockchain is more valuable than Bitcoin itself. They challenge this notion, highlighting Bitcoin's foundational role and the importance of its permissionless nature. The conversation dives into practical applications of blockchain, including medical cannabis delivery, artist funding, and decentralized prediction markets, showcasing how the technology can address real-world challenges and empower individuals. Ultimately, the episode argues for a deeper understanding of Bitcoin's value proposition and the potential for its continued innovation and adoption.
1. Main Topics Discussed:
- "Blockchain, Not Bitcoin" Debate: Examining the popular perception that blockchain technology is more important than Bitcoin.
- Bitcoin's Value Proposition: Discussing the challenges of mainstream Bitcoin adoption and finding uses beyond niche communities.
- Alternative Blockchain Applications: Exploring uses of blockchain in industries like medical cannabis (Trees app) and artist funding (Tatiana Coin).
- Artist Cryptocurrency: Highlighting Tatiana Morose's "Tatiana Coin" as an example of blockchain-based fan engagement and funding.
- Decentralized Prediction Markets: Analyzing the potential of blockchain to create global, immutable prediction markets.
- Permissionless Systems: Emphasizing the crucial role of permissionless systems in maintaining the spirit and utility of blockchain technology.
- Altcoins & Ecosystem Growth: Discussing the role of altcoins in expanding the cryptocurrency ecosystem.
- Shapeshift Integration: Exploring the benefits of easy cryptocurrency exchange through platforms like Shapeshift.
- Bitcoin Price History & Skepticism: Examining early skepticism surrounding Bitcoin, its price fluctuations, and the shift in perspective as the underlying technology became clearer.
2. Key Quotes:
- "It's very common to hear people right now... 'blockchain, not Bitcoin.'"
- "I was much more impressed with the ability to transfer value to anyone in the world under 10 minutes than I was having a money that the government can't touch." (Jeremy Gardner)
- "If you take away the permissionless part of Bitcoin, you're taking away the spirit of this technology." (Marshal-Henner)
- "I just didn't think that the right artists were getting funding and it was really, really frustrating." (Tom Tiamacoin)
3. People Mentioned:
- Andrew Lee: (Perst) - Marketplace connecting Amazon shoppers with gift cards.
- Marshal-Henner: (Trees) - Medical cannabis delivery app.
- Tatiana Morose: (Crypto Media Hub) - Artist and creator of "Tatiana Coin."
- Jeremy Gardner: (College Cryptocurrency Network, Decentralized Prediction Market Platform, Blockchain Capital) - Entrepreneur and advocate for blockchain technology.
- Ron Paul: Influential figure referenced in connection to Bitcoin's early adoption.
- Tom Tiamacoin: Musician who created a custom cryptocurrency for fan engagement.
- Joey: Developer (mentioned in relation to Tom Tiamacoin's project).
- Marshall: Podcast Host (implied).
4. Bitcoin Price if Mentioned:
- $10: Bitcoin price around 2012.
- $100: Bitcoin price a year later.
- $1,000: Bitcoin price during a spike.
- $600,000: Total savings for Bitcoiners using Perst.