E&E Bitcoin 'Cast

Online illcit goods bazaar, The Silk Road has been shuttered by the feds. The Silk Road was a major part of the Bitcoin economy and the Bitcoin markets have reacted with a great deal of volatility. There was a lot that we couldnt cover in this update. Read the federal complaint against The Dread Pirate Roberts via the link below. http://www.scribd.com/doc/172768269/Ulbricht-Criminal-Complaint Donate bitcoins at: 12CEuFuAXLPQLe679ZHEsXqYgMfzT1p9qn

Ed talks about a recent transaction on the blockchain of 6.5 million dollars that cost just 6 cents and compares that with paypal and a bank wire. http://i.imgur.com/Pv58pYl.jpg Donate bitcoins at: 12CEuFuAXLPQLe679ZHEsXqYgMfzT1p9qn

A Bitcoin exchange that shut down months ago after what was reported to be a widescale theft of users Bitcoin is reopening in France. Can they rebuild user trust?http://www.techienews.co.uk/971487/bitcoin-central-exchange-reopens-after-6-months-hiatus/ Donate bitcoins at: 12CEuFuAXLPQLe679ZHEsXqYgMfzT1p9qn

A securities market open only to high net worth and institutional investors has a Bitcoin investment fund. What could this do to Bitcoin trading values?http://www.forbes.com/sites/tomiogeron/2013/09/25/secondmarket-launches-bitcoin-fund/ Donate bitcoins at: 12CEuFuAXLPQLe679ZHEsXqYgMfzT1p9qn

An established escort agency in the UK is accepting Bitcoin for escort services. On this friday edition of the Bitcoin update, we wonder if Bitcoiners in Birmingham have any plans for the weekend. http://www.birminghamescorts.co.uk/bitcoinescorts.html (NSFW) Donate bitcoins at: 12CEuFuAXLPQLe679ZHEsXqYgMfzT1p9qn

Major gift card seller gyft.com has raised $5 Million in venture capital funding to expand their services outside of the United States. The evolution of Bitcoin payment infrastructure services continues. http://www.prnewswire.com/news-releases/gyft-announces-5-million-series-a-225189682.html Donate bitcoins at: 12CEuFuAXLPQLe679ZHEsXqYgMfzT1p9qn

Is Bitcoin a big benefit to small retailers? In our opinion, thats a no brainer!http://www.youtube.com/watch?v=2oftBYWejpM Donate bitcoins at: 12CEuFuAXLPQLe679ZHEsXqYgMfzT1p9qn

One of the largest Bitcoin securities exchanges is being shuttered. The operator references an unfavorable regulatory environment as the cause.http://thegenesisblock.com/btc-trading-corp-shutters-operations-cites-regulatory-environment/ Donate bitcoins at: 12CEuFuAXLPQLe679ZHEsXqYgMfzT1p9qn

Atlantis (an online auction site for illicit goods) shuts down due to security concerns. Silk Road owner Dread Pirate Roberts responds and notes how Atlantis and competition has affected his business. http://techcrunch.com/2013/09/21/atlantis-the-flashy-silk-road-alternative-shuts-down/Donate bitcoins at: 12CEuFuAXLPQLe679ZHEsXqYgMfzT1p9qn

A swiss politician asks the government to look into Bitcoin with a bent toward determining the dangers of the popular digital currency.http://www.coindesk.com/swiss-politician-asks-government-create-report-bitcoin/ Donate bitcoins at: 12CEuFuAXLPQLe679ZHEsXqYgMfzT1p9qn

Major online game developer Bigpoint has made the move to accept Bitcoin as payment for virtual goods and has done so enthusiastically. Offering a 5% bonus to players who opt to use Bitcoin, Bigpoint CEO Khaled Helioui believes it will drive the companys business forward. http://www.coindesk.com/online-game-developer-bigpoint-now-accepts-bitcoins-virtual-goods/Donate bitcoins at: 12CEuFuAXLPQLe679ZHEsXqYgMfzT1p9qn

In a presentation this past Tuesday, Tyler Winklevoss said that Bitcoin could become a curreny of a country. Ed asks Ethan what he thinks of the idea. Absurd or certain?http://www.reuters.com/article/2013/09/17/bitcoin-currency-idUSL2N0HD11K20130917 Donate bitcoins at: 12CEuFuAXLPQLe679ZHEsXqYgMfzT1p9qn

Adam B. Levine from the podcast Let’s Talk Bitcoin! chats with Ed about a Video Conference Passes that they are offering for Jeffrey Tucker’s Crypto Currency Conference.http://letstalkbitcoin.com/events/cryptocon/ Donate bitcoins at: 12CEuFuAXLPQLe679ZHEsXqYgMfzT1p9qn

Daniel Benoy of the Liberty Beat podcast at libertybeat.ca joins Ed to talk about the discrete logarithm problem and how it threatens to completely crack all encryption everywhere and possibly end Bitcoin? http://blog.ezyang.com/2011/06/the-cryptography-of-bitcoin/ Donate bitcoins at: 12CEuFuAXLPQLe679ZHEsXqYgMfzT1p9qn

Donate bitcoins at: 12CEuFuAXLPQLe679ZHEsXqYgMfzT1p9qn Some are still confused over the legal landscape in Canada when it comes to Bitcoin. To clear the waters a bit, we turned to McLeod Law commercial attorney Matthew Burgoyne to give us a better idea of how the government is treating Bitcoin and how it might look in the near future. https://www.mcleodlaw.com/sites/default/files/pdfs/McLeod%20Law_News%20Bulletin_Bitcoin_September%202013.pdf*Mr Burgoyne incorrectly stated that Revenue Canada has taken no position at all on Bitcoin.  In fact, Revenue Canada considers Bitcoin a barter good in Canada and tax laws that apply similarly to Garage sales do indeed apply to the exchange of Bitcoin.  We regret the error.