Back to Blog

WCN Bitcoin Group #107 – Price Stabilization, Venezuelan Bitcoin, BTC-e & BitcoinTalk Hack

BitcoinPolitics
This was a quick episode as the stories were not all that important. Here is the TLDR...

This was a quick episode as the stories were not all that important. Here is the TLDR:


1. Bank of Canada puts out a paper on Bitcoin price Stability – Bank of Canada has been doing lots of research in the space but they are just not willing to admit the obvious. It's not that adoption will stabilize the price it's that the price for small items will feel stable once the price of bitcoins reaches far beyond $10,000 each. We just need more value On-Chain.


2. Venezuela – Bitcoin should be very popular there but USD is probably still more so. They don't want to speculate they just want stability. I have no idea how Dash fits into the story, lot's of strange things involved.


3. Hacks – Goes to show you that some Bitcoin related sites are taking security seriously… hope Bitfinex is listening.

Bonus: David Seaman has either got certifiably nuts or is off his meds… i don’t see how that’s debatable:

https://twitter.com/WhalePanda/status/771564496145952769