Amir Taaki & #Bitcoin 2013 | Plan B 7

Amir Taaki & #Bitcoin 2013 | Plan B 7

We chat with Amir Taaki about Libbitcoin, and how it could enable a new generation of Bitcoin powered applications and services. And what he see’s as the biggest threat facing Bitcoin, his work with Electrum and more.

Then Ben Morse from the Port Forward Podcast joins us to wrap up the best of this weekend’s #Bitcoin2013 Future of Payments conference.

Plus a big batch of your questions, the news of the week, and more!

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— Discussion —

Bitcoin 2013: The Future of Payments Wrap Up

More than 1,000 Bitcoin enthusiasts who converged on San Jose were an impassioned bunch — some fired with the excitement of getting in on something big the ground floor, others lit up by a more ideological passion for freedom from government or from the existing financial system.

Producer Bob English and Perianne flew out to San Jose over the weekend and reached out to the 1100 attendees and sponsors of the first major Bitcoin conference. Today, we feature the CEO of BitInstant, Charlie Shrem, who will explain how easy it is to buy Bitcoins.

This past weekend I attended the Bitcoin 2013 conference in San
Jose, where over one thousand enthusiasts, developers,
entrepreneurs, venture capitalists, and, yes, lawyers gathered to
chart the future of the virtual currency. Here are the top three
things I learned at the conference.

BitInstant, a New York City based startup that operates an online platform for buying and selling Bitcoins, has raised $1.5 million in a seed funding round led by Winklevoss Capital with the participation of other strategic investors including money services veteran David Azar. The investment was closed this past fall, but the Winklevosses are just now publicly announcing it in the lead-up to the Bitcoin Foundation\’s 2013 Conference being held in Silicon Valley this weekend.

BitInstant, which has a full-time staff of 16 led by CEO Charlie Shrem, has emerged as a key player in the nascent Bitcoin market: The company already processes approximately 30 percent of the money going into and out of Bitcoin, and last month alone facilitated 30,000 transactions, the Winklevosses said in a phone call this week. The funding is meant to allow the company to further scale up its staff and product as it angles to become the go-to site for Bitcoin transfers.


In order to accept funds in dollars, Mt. Gox opened a Wells Fargo business account for Mutum Sigillum LLC (Mt. Gox\’s American subsidiary). The company had to complete a document that states whether it provides money services or not. The warrant reads: \”That document was completed on May 20, 2011, and identified Mutum Sigillum LLC as a business not engaged in money services.\”

In particular, Karpeles answered no to two important questions: “Do you deal in or exchange currency for your customer?” and “Does your business accept funds from customers and send the funds based on customers’ instructions (Money Transmitter)?”

— Amir Taaki —

Amir Taaki is a British video game and computer software developer. Taaki is best known as a Bitcoin project developer and for pioneering many open source projects


libbitcoin is a bitcoin library targeted towards high end use. The library places a heavy focus around asynchronicity. This enables a big scope for future scalability as each component has its own thread pool. By increasing the number of threads for that component the library is able to scale outwards across CPU cores. This will be vital in the future as the demands of the bitcoin network grow.

Another core design principle is libbitcoin is not a framework, but a toolkit. Frameworks hinder development during the latter stages of a development cycle, enforce one style of coding and do not work well with other frameworks. By contrast, we have gone to great pains to make libbitcoin function as an independent set of mutual components with no dependencies between them.



Amir Taaki giving a talk about Async Programming at Brmlab hackerspace



Bitcoin 2013: unSYSTEM is the biggest event in the world covering
Bitcoin and social change. The event will be held in Austria\’s largest venue,
a building normally used by the United Nations.

— Extended Q&A —

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— Over Time —

Max Keiser of Russia Today drops by to explain the genesis and implications of the digital currency Bitcoin, why The Federal Reserve and the banking system should apologise to the people for manipulating interest rates, how Warren Buffett is complicit in the Mexican drug trade by purchasing Wells Fargo, and Max\’s crazy times in the 1980s as a New York City stockbroker by day and punk-rock party animal by night.

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