Wednesday, November 20, 2013

Gold vs Bitcoin

Here's what's in your Prime Interest today:
There's a new Bitcoin sherriff in town. It's called the Digital Asset Transfer Authority -- or DATA. And it's not just limited to Bitcoins, it will self-govern most of the actors in the digital currency space, including Ripple. Again, this is on a purely voluntary basis. With regulators increasingly cracking down on various crypto-currencies, DATA is attempting to get ahead of the game -- and craft best practices to interact with regulators. Bob talks with Trace Mayer, entrepreneur, and Andreas Antonopoulos, internet security expert, and asks if the new regulatory authority, DATA, goes against the original purpose of Bitcoins -- namely anonymity. Then we head to the hills of Virginia's gold belt to see what takes longer: mining bitcoin or mining gold. Finally Bob duels Mark Levine on the Snowden affair.