Bitcoin crusader Charlie Shrem pled guilty in court yesterday to charges related to Silk Road, the Deep Web drug market. The 24-year-old sounded much less defiant than he had just earlier this week. "I knew that what I was doing was wrong," he told the court, "I am pleading guilty because I am guilty."
Tomorrow night marks the premiere of Winklevoss Radio, a new "an hour-long, limited-run" show on Sirius XM. Most of us only know Cameron and Tyler Winklevoss as Greenwich Ken dolls with opposable thumbs *litigation comes separately. So it will be great to introduce the element of sound at no additional cost.
Last year, successful startup CEO and Bitcoin community hero Tony Gallippi testified before Congress on behalf of the oft-maligned crypto-libertarian dream currency. Gallippi, head of the virtual payment company Bitpay, explained to a subcommittee of the Senate Banking Committee that he believed Bitcoin had the power to transform the way Americans live their financial lives—not just through secure transactions, but by creating an immense ledger of property exchange, "a public record forever, for pennies."
Perhaps "secret bank vaults deep in the earth" can save Bitcoin. Benchmark just invested $20 million in Xapo, which stores bitcoin code on computer drives. If the vault is breached, Xapo says it will fully insure all deposits. A guarantee that you won't lose your shirt in cryptocurrency? How innovative!