Buying bitcoin: Morgan Spurlock looks to live off online
'Days Felt Like Years': What Morgan Spurlock Found When He
CNN’s Morgan Spurlock Spends Week “Living on Bitcoin”
UPDATE: on Request for Position from the Colorado M.E.D.
I need to make this brief as I'm heading out the door. I've been so busy I haven't had a chance to tell everyone what happened on Wednesday when Rachel G. spoke with the M.E.D. In summary, they are in general supportive and understanding as a whole, but they don't want to specifically approve the use of virtual currencies. That's perfectly fine. All we are asking is that they state they do not prohibit the use of alternative/virtual currencies. Even that position they still don't feel entirely comfortable with and would like to have more information before making a decision. What I have learned is that this is really just about bureaucracy over logical reasoning. They want to understand how a transaction would work from consumer to merchant and from potcoin to cash. They want to be assured that transactions are recorded at time of sale in US dollars and audit-able. Well, of course they do and we can show that but it must be simplified for understanding by those who do not have knowledge of virtual currencies. I have asked that we set another time to meet in person and allow them all the time they need to make a proper decision. So, I would like to present two solutions. The first being a simple One Page Infographic describing the process of selling marijuana for cryptocurrency and describing the key controls along the path (USD conversion, audit trail, integration with existing POS). Much like Morgan Spurlock showed the world in his recent CNN special where he proved he could live off of Bitcoin, we need to show the simplicity and compliance of an average transaction but for marijuana. The second solution is in addition to the first. We could offer to maintain compliance with PCI-DSS, the digital security standard of the credit card industry. It's fairly simple to be compliant, but it's obviously not entirely applicable to virtual currencies but the tenets of security are. By educating them at a higher level and offering additional assurance through security compliance we may be able to win them over. The need a simple and compelling explanation to take to the top (affectionately referred to as the The Wizard of M.E.D.) for final approval. I will be working on this with our core DA team this weekend and we will schedule another meeting with the M.E.D. before the end of the month. Expect an answer sometime in April... so fitting. -NIL
“Super Size Me” director Morgan Spurlock is using his own experience to explain the growing popularity of bitcoin on a CNN documentary called "Inside Man.". The show is set to air February 19 Morgan Spurlock, Academy Award nominated director of “Super Size Me,” is CNN television’s “Inside Man.”In 2014, he spent a week living on bitcoin.The resulting “Inside Man” episode aired on February 19, 2015, affording a large television audience an in-depth Bitcoin experience that was no doubt a first for many viewers. “Super Size Me” director Morgan Spurlock is using his own experience to explain the growing popularity of bitcoin on a CNN documentary called "Inside Man.". The show is set to air February 19 In the latest episode of “Inside Man” (airing Thursday at 9 p.m.) Morgan Spurlock cashes in his traditional money, buys in on bitcoin, and tries to function effectively in an all virtual world With a scan of his bitcoin wallet QR code on his smartphone screen, Spurlock scored both forms of sustenance from a bitcoin-friendly neighborhood pizzeria. The meal total: $5.27 or .0083 BTC. Success.
What does Morgan Spurlock's Inside Man mean for Bitcoin?
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