Love this show, been listening since episode 1, but please try and not drift too far off topic, e.g. the debate about whether the US government spends taxes wisely or not.
Keep up the great work though.
Topic: Lets Talk Bitcoin Episode 008 - "Our Bright Future I" (Read 1003 times)
You guys should get ahold of Mr. Ted Nelson, who proposes he knows who Satoshi is. Maybe have an episode just devoted to the subject of identity of Satoshi (or "Satoshis [plural]).
http://www.youtube.com/watch?feature=player_embedded&v=emDJTGTrEm0
http://www.youtube.com/watch?feature=player_embedded&v=emDJTGTrEm0
Would like to hear some tax specialists knowledgeable on bitcoin profits throw some advice, rather than the same hosts who aren't specialized in this complex field!
We could definitely look into speaking with a tax specialists on the subject of bitcoin. There are not many (tax specialists) at the moment who specialize in bitcoin, but there should be more and more in the near future.
Would like to hear some tax specialists knowledgeable on bitcoin profits throw some advice, rather than the same hosts who aren't specialized in this complex field!
There seemed to be some serious confusion in the description of futures contracts. Not all futures contracts are settled into the underlying security. Some are settled in cash (see http://www.wikinvest.com/wiki/Cash_settlement). This could of course be done for BTC futures, here using USD as "cash".
Also the statement that futures don't seem to be usable or useful because "the miner doesn't know what the value of his BTC will be in the future" (something along those lines, don't remember exact quote) misses the point completely - it's exactly *because* someone doesn't know the future price of an instrument that they find utility in a futures contract! This is called "hedging".
There is absolutely no reason not to have futures contracts, or indeed any other derivative contracts, for BTC. I believe icbit.se is already doing this. However, let's not forget that we are talking about *contracts*, and so there are the normal problems of trusted third parties and centralization. The Bitcoin currency itself does not change any of that, and never intended to, but the use of smart contract, smart property, escrow type ideas (obviously envisioned in the Bitcoin software but not really implemented yet) may change it in the future.
Also the statement that futures don't seem to be usable or useful because "the miner doesn't know what the value of his BTC will be in the future" (something along those lines, don't remember exact quote) misses the point completely - it's exactly *because* someone doesn't know the future price of an instrument that they find utility in a futures contract! This is called "hedging".
There is absolutely no reason not to have futures contracts, or indeed any other derivative contracts, for BTC. I believe icbit.se is already doing this. However, let's not forget that we are talking about *contracts*, and so there are the normal problems of trusted third parties and centralization. The Bitcoin currency itself does not change any of that, and never intended to, but the use of smart contract, smart property, escrow type ideas (obviously envisioned in the Bitcoin software but not really implemented yet) may change it in the future.
Thank you! We appreciate you listening.
Awesome as always!
Let's Talk Bitcoin! is a show for users new and old of Cryptocurrencies and
the current king of them all, Bitcoin! Episodes range from 55 minutes to
a little over an hour, and include news, analysis and original interviews
in a clean, audio-magazine format..
IMPORTANT NOTE: Before Donating, please make sure your client is updated! On 05/15/2013 support for the older version of Bitcoin-QT was discontinued, value sent from those clients will not be reached! We have already had three transactions fail before of this.
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Also, we're looking for members to join our Bitcoin Community Roundtable -
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Each episode takes about 10 hours to produce, please support the show if
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Hosts:
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Stephanie Murphy,PhD
Andreas M.
Antonopoulos
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Our Bright Future I
the current king of them all, Bitcoin! Episodes range from 55 minutes to
a little over an hour, and include news, analysis and original interviews
in a clean, audio-magazine format..
IMPORTANT NOTE: Before Donating, please make sure your client is updated! On 05/15/2013 support for the older version of Bitcoin-QT was discontinued, value sent from those clients will not be reached! We have already had three transactions fail before of this.
For previous episodes & our Listener Support widget, visit us at www.letstalkbitcoin.com
Send Listener Questions, Feedback, plus offers to help the cause and join
our team to [email protected]
Also, we're looking for members to join our Bitcoin Community Roundtable -
If you're doing something in the Bitcoin community and want to be made
available of interview opportunities as they arise, Check out the specific
thread for more details https://bitcointalksearch.org/topic/lets-talk-bitcoin-is-looking-for-community-reps-for-the-bitcoin-roundtable-186752
Each episode takes about 10 hours to produce, please support the show if
you like what we're doing.
16ZvFo28LMAtpvr3UYxezrDhhVqkTX8uWL
Now Accepting LITECOIN Donations
LTj4EhAcQLVsm7zgLSyPueu8mfkZkW69KM
Hosts:
Adam B. Levine
Stephanie Murphy,PhD
Andreas M.
Antonopoulos
Listen & Subscribe!
Subscribe & Review us on iTunes
RSS Feed Here
Our Bright Future I
- Taxes for Miners
- Corporate Involvement for Good or Evil
- Historical Context and Futures Market with New Correspondent Asif Punjwani
- Petitions, Government, and Our Bright Future
- Bad Actors on the Blockchain - Busting Myths & Rumors
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