Junseth's World Episode 33: The Problem With Acid - Bitsonline

Junseth’s World Episode 33: The Problem With Acid

So much promised, so little delivered. No were not talking about this week’s podcast episode but 21.com, which was recently acquired by Coinbase. Whatever became of that company, with its $110 million in venture funding and plans to revolutionize bitcoin/IoT use by the masses? Listen to this week’s Junseth’s World to find out.

Also see: Junseth’s World Episode 32: Heroine Quality Assurance Tester

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Coinbase, Wikileaks, Vice and Credit Cards

Dante’s still away hunting marine creatures of uncertain origin; we’re sure it’s all legal but Junseth and Shawn mull the idea of a legal defense fund anyway. Dante would prefer you made a contribution here.

Coinbase “is doing weird things” lately, the team says, including cutting off Wikileaks. Speaking of which, why does Wikileaks even need a payment processor? Can’t they just accept bitcoin directly? Sure a payment processor lets them convert crypto funds to fiat legitimately, but then Wikileaks has other legitimacy problems in governments’ eyes.

Junseth continues to rail on Ripple, saying the best source for arguments against Ripple come (ironically) from its rival twin, the Stellar community.

That leads to an interesting discussion about Vice and its controversial video report on a Brooklyn credit card fraudster (which has since been scrubbed from the internet). Do some journalists get too close to their subjects, and what are the implications when they do? As for credit cards themselves, are they indeed too easy to hack? Even if card companies won’t use bitcoin, they could certainly benefit from some of the technology its users employ — such as QR code payments, two-factor authentication for payments and rolling encryption to generate a new number each time a card is used. Why isn’t this happening?

Hear this discussion and much, much more on this week’s Junseth’s World.

For the Uninitiated: WTF Is Junseth’s World?

JW hosts Junseth, Dante and Shawn are Bitcoin’s Florida Men. So far, none of them has ever had a website seized by the Department of Justice or participated in the trafficking of live humans other than each other.

Spawned from the greater Miami area blockchain scene, the three embody that region’s unique approach to life and business. They’ve seen and done things for Bitcoin you probably never imagined … and some you wished you could un-imagine.

Somewhere in the banter, you actually get a good education and some surprisingly useful insights into the world of finance, trading, business and economics. Subscribe to the entire series on Soundcloud.

Do you like Junseth’s World? What would you like us to look at next? Let us know in the comments.


Images via Pxhere, Jon Southurst

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