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WCN Bitcoin Group #104 – Bitfinex Hacked, US Bitcoin Sale, Australia Bitcoin, MegaUpload2

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August 12th from NYC: This was a pretty short episode considering there were 4 guests. Not too many controversial topics but here is the TLDR...

August 12th from NYC: This was a pretty short episode considering there were 4 guests. Not too many controversial topics but here is the TLDR:


1. Bitfinex Hacked – Here I speculate on why Bitfinex did what it did and the silliness of their debt token.

2. US Bitcoin Sale – It is still disappointing how many bitcoins end up in the control of the Government.

3. Australia Bitcoin Laws – Here I go off on a rant about Australia being one of the most ruthless countries in the world when it comes to financial laws and tax collection.

4. Kim Dot Com’s Mega Upload 2.0 – I present my bucket of skepticism over what Kim is pitching. “you can’t put humpty dumpty back together”, that was in reference to Napster coming back 5 yrs after going down and expect to dominate the market where technology advanced way beyond their original tech.