This is episode 239 of You, Me, and BTC – your liberty and Bitcoin podcast.
Today’s exciting guest is Jeff Klee, the CEO of CheapAir has been using Coinbase to accept Bitcoin for airfare for years now. (Kudos for that!) But recently, some changes over at Coinbase threw Jeff’s company under the bus.
And to make matters worse, BitPay also introduced changes earlier this year that left many merchants in the dark. They now force customers to use the controversial BIP70 protocol that only works with a few Bitcoin wallets.
What the heck is going on here? Are these Bitcoin giants abusing their influence? What’s the point of decentralized money if we still let a few big companies shove us around? Isn’t Bitcoin better than this?
Thankfully, Jeff is already working on solutions. In the near future, his company plans to accept more cryptocurrencies while relying on fewer third-party services. Likewise, countless other developers, wallets, merchants, and industry leaders are constantly working to improve Bitcoin privacy, decentralization, and usability.
On tonight’s show, you’ll learn about all the drama and understand how Jeff and the rest are working hard to keep Bitcoin great. Check the list below for some of the specific stories we’ll cover and catch the livestream tonight at 9PM Eastern!
A Letter to Our Bitcoin Customers
Coinbase Leaves CheapAir Hanging
BitPay, Payment Protocol (BIP-70), and Our Users’ Bitcoin Payment Experience
Wallet Developers Express Security Concerns Over BitPay’s Payment Protocol Policy
Bitpay QR codes are no longer valid. Important Notice.
Bitpay bip70 payment protocol has great a risk of AML/KYC surveillance, monitoring or worst blacklist.
Your hosts this week are Daniel Brown, Tim Baker, and Zack Voell. Don’t forget to visit so you can vote in this week’s Bitcoin poll and share your thoughts in the comments!
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  • Coinbase is giving away $10 worth of BTC, thanks to the work of some MIT students. Go here Love it!

    Jump to Discussion Post 6 replies
  • Nice that a Bitcoin company (one I have found to be very reliable) is recognized, but leave it to BubbleVision (CNBC) to make a reference to a central bank where there is no connection whatsoever.

    Jump to Discussion Post 8 replies
  • I’ve just experienced one of the most exciting little thrills I’ve had in a long while and I’m going to tell you how you can experience the same if you’re not yet a bitcoin user. The thrill is what I experienced in getting started.  I’ll explain what happened to me, then tell you how you can do the same. Yesterday I responded to John Jones here in who was offering to give one dollar’s worth of bitcoins to the first five people who responded to his offer.  I got his gift within a few minutes and learned that it was then worth $1.09 CAD.  That’s nice. A few minutes later I noted that, because of the changing exchange rate it was worth $1.11 CAD.  Hmmm, interesting. Then I opened an account with Coinbase and decided to purchase a few of my own.   When I completed the verification process I discovered that coin base had given me $5.00 US as a thank you for my purchase.  Wow! This morning, I looked at my wallet and here’s what I found: My original $1.00 US gift was worth $1.18 CAD The $5.00 US gift was worth $5.33 I can actually watch the fluctuations in the value of these amounts in virtual real time in my bitcoin wallet. If you’d like to do the same and get the same $5.00 gift that I did, Coinbase has given me this link which will also entitle you to a $5.00 gift when you open a new account and purchase $100 USD (or more) of bitcoins from them. Since Coinbase will also reward me when you get their premium, I’ll go one step further and share a part of that with you.  Send me a private message with your bitcoin address and your username at Coinbase and the date you were paid your gift so I can match you with my gift and I’ll transfer 150,000 Satoshies to you (I believe that’s the correct spelling for the primary smallest unit of bitcoin currently in use.  I will stick to this amount as long as the exchange rate for USD remains below 2,000. A final note.  Since I’m not automated in doing this and not watching my computer constantly 24/7, please allow a bit of time for me to complete my part.

    Jump to Discussion Post 7 replies