An update on the U.S.-Russia Proxy War. News about the recent mass internet outage that affected NE U.S. AT&T secretly spied on their customers for profits and now wants to buy up Time Warner and more! Eurozone approves the latest bailout for Greece. Chinese State Banks selling dollars to shore up the falling Yuan. Facebook Messenger bots let you buy things with PayPal. Venezuela escapes bankruptcy while Venezuelan congress calls for a trial for Maduro. The Pentagon steals from soldiers. Debit card holders in India beware! Blocksize or Blocktime? OpenBazaar releases some updates and a way to have your store hosted in the cloud. The Ethereum attack’s IP may have been found. Ethereum Classic is upgrading and hard forking.
All this and more on episode 179 here on Wednesday October 26th, 2016!
We’ve written out short overviews of the topics discussed on today’s show below, along with time markers for each segment! Be sure to listen in to the whole podcast to get more information, insights, and thoughts on each of them from JJ, Darren, and Randy!
India’s Central Bank and the bitcoin boogieman. Bitcoin ATMs have got it all wrong according to Andreas Antonopoulos. New Zealand is looking to ban butt-hurt. Darren’s Censorship special covers international censorship stories. Venezuela closes boarders. Student Loans could be a bad investment as many students never graduate. The bitcoin blockchain debate continues.
Yellen sends mid-term treasuries to higher yields. Mtgox “finds” some bitcoins. Coin summit in San Francisco happening this week. 400 bitcoin ATM’s to be deployed in Dubai. Dogecoin community is raising funds to advertise on a NASCAR team.
Has Satoshi been found? It is not clear. Why would anyone put their bitcoins in a “bank” anyway? Robocoin comes to the US. Bitcoinj running transactions through tor. Erik Voorhees critical of bitcoin hater, and stresses need for education.
On February 16th, 2013, nearly two months before one bitcoin hit $266.00 in value, three brave entrepreneurs unveiled their Bitcoin Machine to the public. The venue was the 2013 International Young Americans for Liberty Conference held in Washington D.C. and the three early adopters were Zach and Josh Harvey, and Matt Whitlock of Lamassu BTC Ventures. One week later they debuted it at the 2013 Liberty Forum in New Hampshire and $5500 worth of Bitcoin was purchased, at the time bitcoin was rough $30.00 each.
The three returned to the development of the machine and while they fine tuned the design Bitcoin took off! On April 10th, 2013 at just after 12:00pm UTC bitcoin hit $266.00 in value and the world took notice! A week earlier the situation in Cyprus was heating up and the talk of the worlds first Bitcoin ATM started to happen. The press jumped on this story and soon Jeff Berwick was known as the Bitcoin ATM guy with quotes like, “we already have orders from 30+ countries”.
These sort of stories continue as the idea of a bitcoin ATM is exciting, this one is from May 3rd, 2013: San Diego May Get World’s First Bitcoin ATM. The press is hungry for Bitcoin news and it’s no wonder, Bitcoin is fast becoming the hip trend to jump on.
The Bitcoin Machine
Lamassu BTC pushed to finished their development and the rise of bitcoin only intensified the demand for a machine that could accept Dollars and vend Bitcoins. More recently exchange crashes, DDoS attacks, and bank account closings have caused some difficulty for consumers to get their money in and out of Bitcoin. The Bitcoin Machine will help with one of those problems leaving wire transfers and a variety of non-bank methods for changing your Bitcoin into Dollars.
The Bitcoin Machine is going through the final stages of testing and development in Manchester, NH. The machine is designed to be a counter-top unit kept indoors and under supervision. It works with the consumers smartphone camera and utilizes a QR code to relay wallet address information. As you can see from the photograph, some effort was put into making sure the device was not only secure and functional but also aesthetically pleasing. The company hopes to start taking pre-orders as early as this summer.
Neocash Radio had a chance to conduct a phone interview with one of the owners, Zach Harvey for Episode 3 of the podcast. We have packaged the interview in a stand-alone format for easy listening and sharing. Take a listen!