Summary: We start at the beginning. What's a bitcoin? Then quickly move into where it could go: micro payments on your car? (No coin in your virtual wallet, car doesn't start?) What about electronic voting? Whether virtual currencies could replace everything from credit card payments to the way we vote. A look at three companies in the space for Bing Launch of the Week: Andreessen Horowitz-backed Coinbase, talent-rich but mystery product payment system Circle, and Cointerra, a company that sells mining rigs. And what are the chances that Bitcoin crashes below $100 in the next year? Our panel weighs in: Howard Lindzon of StockTwits, Tom Longson of GogoCoin, and cryptocurrency blogger Charles Amadeus. Never miss an episode! Subscribe in iTunes: Audio (http://bit.ly/TwiStA (http://bit.ly/TwiStA)) || Video (http://bit.ly/TwiStV (http://bit.ly/TwiStV)) ============= Thanks to our great partners -- show your love for the show by thanking them on Twitter! http://ctt.ec/fKTcf (http://ctt.ec/fKTcf) (http://clicktotweet.com/O4Ecy) Snapterms (http://snapterms.com) provides customizable Terms of Service and privacy policies for your website. Without it, you're risking costly litigation. Go to Snapterms.com and check out with the offer code TWIST to save 10% on your order. Audible, the leading provider of audiobooks with over 150,000 titles. Get your free audiobook at audible.com/twist (http://audible.com/twist). Jason's picks of the week are Emotional Equations by Chip Conley (http://www.audible.com/pd/Self-Development/Emotional-Equations-Audiobook/B006P55F40/ref=a_search_c4_1_1_srTtl?qid=1387590384&sr=1-1) and The Bully Pulpit by Doris Kearns Goodwin (http://www.audible.com/pd/Bios-Memoirs/The-Bully-Pulpit-Audiobook/B00DEKZOKE/ref=a_search_c4_1_1_srTtl?qid=1387590443&sr=1-1). ============= Follow on Twitter: @jason (http://twitter.com/jason)@TWIstartups (http://twitter.com/TWIstartups) (http://twitter.com/jason)@howardlindzon (http://twitter.com/howardlindzon) @charlesamadeus (http://twitter.com/charlesamadeus) @nym (http://twitter.com/nym) LAUNCH: Launch Ticker: http://launch.co (http://launch.co ) Launch Events (Mobile, Hackathon, Festival): http://events.launch.co (http://events.launch.co) Special thanks to the members of the TWiST Backchannel Program! Highlights 3:30 - Intro Tom Longson 5:12 - JC intro Charles Amadeus. What’s your story? 8:35 - JC, Tom could this be a viable market? 10:12 - JC, Charles what’s causing the massive fluctuations? 12:30 - 13:45 - Thank you http://Snapterms.com! Use the promo code TWIST when you checkout for 10% off. 13:50 - JC Tom what’s important about this in big picture? 14:48 - JC charles, what’s the big picture? 5 years from now? 15:18 - CA, I can imagine getting into my leased car and when I turn it on, it sends a little payment to the dealer. You’re making car payments to drive your car. Make the internet of things more concrete. 15:55 - JC You just terrified ½ of America 18:14 - JC how do I “own” a bitcoin? 19:35 - TL: How does the credit system work? People don’t know or care. Everything Charlie said is true, but it gets complicated… blockchain allows people to send money 21:35 - JC what are the odds that NSA has their hands in this technology? 25:21 - Winner of iPad mini is Fares Nimri. 26:50 - JF: FBI has biggest bitcoin wallet in the world 30:00 - TL, Satoshi can’t spend his bitcoins w/out giving away identity. If he spent them, reporters would converge on wherever he spent them SPECULATION: who do you think it is? 31:20 - JC what are the chances this is more than one person? 35:21 - JC, What’s the US government’s position here. What have they said so far? 36:35 - Bing launch of the week 37:00 - Coinbase 37:30 - TL, interesting company. A16z. Coinbase is trying to rise to the level of service that bank offers. Growing pains. Brian of Coinbase has refunded me on a problem transaction. I bleieve they’re trying to do the right thing in general. 28:15 - CA, they have potential.
