Episode #11: The banks quite like bitcoin, but they don't want you using it. Poor form!

First up this episode, Leo Treasure our Taiwan Correspondent interviews Alex Liu from MaiCoin (pronounced the same as my coin), a premier digital currency exchange and investment platform in Greater China. https://www.maicoin.com/en/about

We apologize for some audio drops during the guest interview spot, this was our first attempt at remote interviews using Google Hangouts and clearly needs some refinement.

Our guests this week are Adam Poulton (Launceston, TAS) and Lucas Cullen (Brisbane, QLD), https://www.bitcoin.asn.au/

Your hosts are: Dale Dickins, Peter Robertson and Warwick Greville www.MelbourneForexGroup.com

Credits for music

Vasile Plesca

Leo Treasure

Dyfo Jeluky by sliipii, https://www.propellerheads.se/s/aX7HTCLh

Jojysu by sliipii, https://www.propellerheads.se/s/rtC2ALC4

Rip squad by sliipii, https://www.propellerheads.se/s/FOhV5qaU

Sadroid by sliipii, https://www.propellerheads.se/s/hwruhA4G

Jyjegybo by sliipii, https://www.propellerheads.se/s/5jFu2C9O

Jugu Pyta by sliipii, https://www.propellerheads.se/s/YKaMfr64

Miiyagii by sliipii, https://www.propellerheads.se/s/q6Y8y4fu

Higuvupiju by sliipii, https://www.propellerheads.se/s/Pxhep0yb

0:00 Leo Treasure, interviews Alex Liu from www.Maicoin.com https://angel.co/maicoin

14:26 DALE intros the news topics for the show

17:23 Peter starts it off with Banks and Patents

http://www.coindesk.com/bank-of-america-cryptocurrency-wire-transfer-patent/?utm_campaign=Third-Party%20Articles&utm_content=21297110&utm_medium=social&utm_source=twitter

http://www.coindesk.com/coinbase-files-9-patents-for-bitcoin-products/

Tesla files a patent - #opensourcedly http://www.teslamotors.com/blog/all-our-patent-are-belong-you

BankOfAmerica filed a patent to wire transfers using cryptocurrency https://www.cryptocoinsnews.com/bank-of-america-wire-transfers-cryptocurrency/

22:25 Australia Banks clamping down on Bitcoin Companies http://www.abc.net.au/news/2015-09-22/bitcoin-traders-claim-discrimination-by-australias-banks/6795782

Big Australian banks stun bitcoin companies by closing their accounts http://www.afr.com/technology/big-banks-cut-off-accounts-of-bitcoin-companies-in-battle-for-the-future-of-payments-20150921-gjr7hu

25:29 start our own bank ! maybe not.... talked about Launceston having a lot of bitcoin merchants

30:20 Master Chess Game - I think this is the link... https://bitcointalk.org/index.php?topic=1148538.320

34:06 beating the banks with info

BANKs are creating their own Blockchain http://www.ft.com/cms/s/0/72ffd222-66be-11e5-97d0-1456a776a4f5.html#axzz3neQlGUFX

Banks can't trust other Banks. $1 billion for a real time solution for Banks.

If Banks use bitcoin as the settlement medium, transaction costs will rise.

38:32 Try to explain to a 5 year old why we still need banks, that's not so easy.

41:52 A Litecoin guy made millions that Accountants and ATO just don't know how to deal with it.

46:47 New Silk Road Drama http://motherboard.vice.com/read/fbi-is-investigating-whether-a-crooked-agent-harassed-variety-jones

Eileen Ormsby: https://twitter.com/eileenormsby

48:07 Australian Bitcoin Association Adam Poulton and Lucas Cullen on their involvement in the Bitcoin Community.

Adam https://au.linkedin.com/in/gpibitcoin

Lucas http://www.meetup.com/BitcoinBrisbane/members/45238142/

54:55 Adam and Lucas also run.... http://www.getpaidinbitcoin.com.au

1:06:20 Lucas: paying bills with the Australian service https://www.livingroomofsatoshi.com/

1:07:39 Launceston, Adam has signed up local businesses to accept bitcoin plus 2 ATM's.

CBA have ALBERT: https://www.commbank.com.au/business/merchant-services/eftpos-options/in-store/albert.html

1:09:01 Sexpo Festival using bitcoin www.sexpo.com.au Tokens provide cashless ways to get paid.

1:11:43 Dopecoin Variety Jones - Lots of drama over http://www.xbt.money/dopecoin-launches-grow-network-pegging-crypto-to-cannabis/

1:13:36 END