The Bitcoin Group #46 — Shrem Pleads, CheapAir Litecoin Dogecoin, Vox bans Bitcoin, CDC Overstoc…

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Featuring… Kristov Atlas (, M.K. Lords (, Blake Anderson (, Victoria Van Eyk (, Bryce Weiner ( and Thomas Hunt (


Issue 1 — Bitcoin entrepreneur pleads guilty to Silk Road charges

Issue 2 — Bitcoin? Yawn. CheapAir Is Now Taking Litecoin and Dogecoin

Issue 3 — Don’t Work for, if you do, quit your job.

Why I’m investing in bitcoins (Updated)

We made the wrong call on buying Bitcoins

Issue 4 — Chamber of Digital Commerce Receives Donation From Overstock

then Questions and Answers from the Audience!

and Predictions!

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The Bitcoin Group #46 — Shrem Pleads, CheapAir Litecoin Dogecoin, Vox bans Bitcoin, CDC Overstoc…

How to setup a namecoin wallet

In this video I go through the steps on how to setup a namecoin wallet
and generate a wallet address.

What is typed into config.conf.

What is typed into cmd in order of video.
cd C:Namecoin
namecoind getinfo
namecoind listreceivedbyaddress 0 true
How to setup a namecoin wallet

Sir Richard Branson: I Think Bitcoin Is Working

Sept. 10 (Bloomberg) — Billionaire Sir Richard Branson, chairman and founder of Virgin Group, comments on the future of Bitcoin and space tourism. He speaks with Trish Regan on “Street Smart.” (Source: Bloomberg)

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Sir Richard Branson: I Think Bitcoin Is Working

What is Namecoin?

An introduction to the worlds first decentralized domain name system. This has the potential to create freedom on the internet world-wide!
Please share in order to spread the word! (under construction)

Thanks to:
Animation: Michael Jonsson |
Script: Michael W. Dean | |
Script: Diana Romanovsky
Sound Design:
Voice: Kylah Eide
Music – See You Later –

Special Thanks:
The crypto community! I couldn’t do it without you!
Studio space: Jesse G.

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Namecoin official site and download:
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What is Namecoin?

DN #011 Part 2: Darkcoin Competitors Zerocash and CryptoNote


00:00 What is CryptoNote?
20:00 Latest Zerocash Paper Released


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Intro Audio:
Nathan T. Freeman
DN #011 Part 2: Darkcoin Competitors Zerocash and CryptoNote

Bitcoin and the Regression Theorem

Jeffrey Tucker and friends discuss how a money evolves in history and in the digital era, in light of Mises’s demonstration that a real money emerges from use value. This hangout will further explore issues from Tucker’s piece appearing on
Bitcoin and the Regression Theorem

Why Bitcoin is Better Than Gold, with Wences Casares

Xapo CEO and founder Wences Casares explains why, after a 5,000 year reign, gold has been surpassed by bitcoin as the ideal ledger.

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Transcript: Bitcoin is a new digital currency that is perhaps the best form of money that we have ever seen. It’s important because most of us don’t understand money very well and perhaps the concept that is hardest for us to understand about money is that money is and has always been a ledger. And people often ask: “What is money backed with?” And the truth is money’s not backed with anything. It has never been backed with anything. The euro is not backed with anything in particular and neither is any other currency in the world. And gold, for example for that matter is not backed with anything either.

Some people think that gold has value because we use it for jewelry but it’s actually the other way around. Gold is valuable because it’s very scarce and because it’s very scarce it has been the best ledger we’ve found in 5,000 years. In bitcoin we have something that is as good a ledger as gold, meaning it’s incredibly scarce. There will never be more than 21 million bitcoin. It’s even more scarce than gold.But in history we have had this tradeoff between things that have been very, very good store of value like gold for example and things that have been good for payment like the Portuguese escudo, the U.S. dollar, American Airline miles, or Facebook credits. Those things are better for payment but they’re not so good as a store of value historically. And the things that are good for a store of value like gold are not good for payments.

In bitcoin we have something for the first time that is incredibly superior than anything we have seen before as a store value and also as a form of payment.It’s hard to have a rigorous discussion about bitcoin without understanding money. And the best way to understand money is to understand the history of money. Anthropologists agree that there’s no tribe, much less a civilization, that ever based its commerce on barter. There’s no evidence. Barter never happened. And that’s counterintuitive to most of us because we are taught in school that we first barter and then we made money because barter was too complicated.

Well, barter never happened and that’s one of the key myths about money. So then you would ask the anthropologists, “So how did we do commerce before money if there was no barter? There was no commerce.” No, there was plenty of commerce and the way that commerce would happen is that let’s say that someone in our tribe killed a big buffalo and I would go up to a person and say hey, “Can I have a little bit of meat?” And that person would say “No” or “Yes, Wences, here’s your meat.” And then you would go up to a person and say “Hey, can I have a little bit of meat?” and that person said “Yes, here’s your meat.”And basically we all have to keep track in our heads of what we owed other people or what our people owed us. And then someone would come to me and say “Hey Wences, can I have a little bit of firewood?” and I would say “Sure, here’s your firewood.” And I have to remember that I owe that person a little bit, that this person owes me a little.

And we all went about our business with these ledgers in our minds of who owes us what and what do we owe to whom. Very subjective system often these debts didn’t clear or clear in ways that were not satisfactory to both parties. Until about 25,000 years ago someone very, very intelligent came up with a new technology that really took off. So a person came to me and said “Hey, can I have a little bit of firewood?” and I said “Sure, here’s your firewood.” And this person said “This time we’re going to try something different. Here are some beads for you.” And I said “I don’t want beads. I don’t care for beads. I don’t need beads.” He said “It’s not about that. We are going to use beads as the objective ledger of our tribe. Instead of each of us having to remember what we are owed the beads are going to keep track for us. An objective ledger to keep track of debt.” [TRANSCRIPT TRUNCATED]

Directed/Produced by Jonathan Fowler, Elizabeth Rodd, and Dillon Fitton
Why Bitcoin is Better Than Gold, with Wences Casares