Budapest Hungary gets it’s first BitCoin ATM

Hungary’s first Bitcoin ATM can now be found in the downtown capital city of Budapest inside of the well known coffee house Club Anker. The Octarine Labs-owned ATM was manufcatured by the Lamassu company and will change Hungarian Forint banknotes into Bitcoin in 15 seconds and aims to accommodate those who are afraid of personal Bitcoin or online exchange bitcoin dealings.

An individual can insert a minimum of HUF 2000 and change them into Bitcoin, which will then be transferred to the user’s mobile wallet via QR scanner, or printed on a paper wallet. Bitcoin value is priced via the Bitstamp exchange, a Slovenian-English owned market.

In the event that trouble arises when interacting with the ATM, Octarine Labs offers support in English and Hungarian during Club Anker operating hours.

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Sierra Leone Group Diverts Bitcoin Campaign to Fight Ebola

CSC Asia Pacific Limited supports Ebola eradication by Bitcoin support
CSC Asia Pacific Limited supports Ebola eradication by Bitcoin support

An alliance of local African free-market pioneers that formed to promote bitcoin’s economic benefits has put its campaign on hold to join the fight against Ebola, the virus currently ravaging parts of West Africa.

The Sierra Leone Liberty Group (SLLG) is seeking to raise donations via bitcoin as a demonstration of the digital currency’s efficiency. In doing so, the group hopes to show how a grassroots organization can start to build a bitcoin ecosystem with limited resources.

The world’s worst-ever outbreak of Ebola began to spread through Sierra Leone, Guinea and Liberia in March of this year, and has since caused over 1,400 deaths, according to The Guardian.

All three countries are currently under a state of emergency with closed borders, major events canceled and whole regions quarantined. Treatments for Ebola are still experimental and none are in widespread use, so prevention is the only option available.

The situation highlights the very real problems Africa must confront before it can be concerned with issues like new forms of currency and even economic policy.

Local struggle, global appeal

In the face of the outbreak, the SLLG and its friends have turned their immediate attention to containing Ebola’s spread.

The group is asking for bitcoin donations from around the world to get funds directly to workers on the ground who need to buy supplies that include chlorine, cleaning equipment and protective gear such as rubber gloves, goggles and masks.

SLLG’s founder, Mustapha Cole, told CoinDesk of the difficulties confronting him and his fellow Sierra Leoneans:

“It is very hard to live in a society that [has] such a deadly virus […] especially when many of the renowned doctors in the country are also victims of the virus.”

Another SLLG spokesperson added that the sheer number of people who have died so far has led to extreme measures. Once an Ebola case is identified in a certain area, the entire area may be quarantined from two to 20 days. No-one may enter or leave, with locals depending on the government to provide food supplies.

Therefore it is imperative to contain Ebola’s spread by educating local townspeople on proper preventative methods and provide the necessary supplies to do so. This is SLLG’s key task.

Current bitcoin mission

The organization’s Facebook page shows pictures of the group distributing soap, disinfectant, and engaging in educational campaigns to teach people in small villages how to prevent infection.

SLLG’s donation drive joins other current campaigns to help stop Ebola and demonstrate bitcoin’s speed and efficiency at gathering funds in small amounts from around the world.

However, Sierra Leone’s current means of converting bitcoin into local currency and physical goods remain limited. SLLG’s American mentor, the writer and economist Dan McLaughlin, will receive and convert the bitcoins before wiring the funds to Sierra Leone via bank transfer.

“The big story is how [bitcoin] is developing from nothing, rather than how it is already a booming success,” McLaughlin told CoinDesk.

McLaughlin first met the Sierra Leoneans on one of his several trips to Ghana as an instructor at the Youth Liberty and Entrepreneurship Camp, and was impressed at how interested they were in economic liberty principles. From there, they founded the SLLG to spread the message in Sierra Leone, and the group is currently in the process of registering itself there as an officially recognized NGO.

Building a bitcoin ecosystem from scratch

Cole said the SLLG aims to promote “entrepreneurship, free markets, and sound principles that are the basis of any prosperous society”, adding:

“The Sierra Leone Liberty Group is a made up of men and women just like you, who intend to make Sierra Leone a better place to live. We believe that progress comes from personal productivity of individuals, but you can’t get different results by doing the same things.”

Cole says his wish is to learn more about bitcoin and help build his local community through its use, and has joined with other bitcoin enthusiasts in Africa such as ‘Bitcoin Lady’ Alakanani Itireleng of Bitcoin Botswana fame, and Philip Agyei Asare from Ghana.

Asare is assisting the SLLG to develop capacity using mobile technology, building the infrastructure from scratch. He also recently authored an article on the libertarian social network Liberty.me about bitcoin as a decentralized alternative to other ‘mobile money’ systems used in Ghana, like MTN Mobile Money, Airtel Money or Tigocash.

The ability to transfer money across national borders, avoid maximum fund limits and disconnect users from reliance on telcos and high-fee banks are bitcoin’s main promises, he said.

No silver bullet

From its beginnings, bitcoin has often been regarded by libertarian and free-market thinkers as a mechanism to liberate populations in the developing world from unstable local currencies, and provide a much-needed electronic payments network to millions with no access to mainstream banking services.

Others with direct experience in the region, however, have pointed out there are still many more pressing issues to overcome first, and it will be a while before bitcoin’s true impact can be felt.

Sierra Leone, on Africa’s west coast, is rich in natural and agricultural resources, but its economy has been hampered by fluctuations in commodity prices, corruption, and a decade-long civil war that lasted until 2002. It currently ranks 183rd on the United Nations’ Human Development index.

Disclaimer: Use your discretion when donating bitcoin to groups not directly connected to internationally recognized aid organizations. Ensure you send to the correct address and be confident the recipient group is using the funds for its stated purpose.

UK Lifeboat Service Now Testing Bitcoin Donations

Bitcoin and the royal navy
Bitcoin and the royal navy

The Royal National Lifeboat Institution (RNLI), informally known as the UK’s fourth emergency service, has announced it is trialling bitcoin donations.

The RNLI says it is the first major charity in the UK to accept bitcoin. It also happens to be one of the oldest charities in the country, as it was founded in 1824.

According to 2013 statistics, the charity’s 400-strong fleet rescue an average of 23 people per day. Since its inception, the RNLI has saved approximately 140,000 lives.

Connecting with new supporters

The pilot programme is already available online. The RNLI donations website now has a bitcoin section, complete with a wallet address and QR code.

The RNLI says it decided to run the trial because it wants to lead the way in accepting and benefiting from all forms of digital currency. It chose bitcoin as a well-established and widely-recognised digital currency.

Leesa Harwood, RNLI Deputy Director of Fundraising and Communications, said the charity has a long history of innovation in fundraising, having held its first street collection in 1891.

“Bitcoin is an innovative new kind of currency and we believe that accepting bitcoin will result in donations we may not otherwise receive, as well as connecting us with new types of supporters,” she said.

Harwood added:

“This is a pilot scheme and we are looking forward to seeing how it will proceed as part of our interest in cryptocurrencies and how they may work in the future. We will of course closely monitor how much money is donated. We already have safeguards in place to monitor donations, however we receive them.”

Harwood said that it is “likely” that the RNLI will start receiving digital currency donations at some point, hence the decision to form a project team to test the feasibility of accepting bitcoin.

Luke Willams, a member of RLNI’s bitcoin project team, told CoinDesk that the group has been investigating the use of digital currencies since early 2014.

Williams explains:

“We have a regular group that meets to discuss future trends that may impact the RNLI or opportunities that we should investigate. Bitcoin had been mentioned a couple of times and we concluded that at some point in the future we were likely to receive either a donation or legacy in a cryptocurrency.”

Williams added that the RNLI is currently holding its bitcoin donations, but it plans to convert them to fiat as soon as they reach a certain (undisclosed) amount.

Bitcoin for charities

Proponents have been advocating the use of bitcoin and other cryptocurrencies in fundraising strategies for years.

The comparatively low price of collecting bitcoin donations, the speed at which transactions can be carried out and the global reach of the bitcoin network all make the currency an attractive option for charities.

Leading bitcoin operators are doing their part to promote the use of bitcoin by charities and other non-profit organisations too. Earlier this week Coinbase announced that it will drop all fees for registered non-profit organisations using its platform.

Last month UK charity Comic Relief announced that it is investigating bitcoin donations, saying it plans to address the issue in the near future.

Cryptocurrencies have already been successfully used for a number of fundraisers. The dogecoin community helped the Jamaican bobsleigh team take part in the Sochi Winter Olympics. Cyrptocurrencies have also been used to support the Indian Olympic team, build water wells in Africa and to help Dorian Satoshi Nakamoto and Hal Finney.

However, the full potential of bitcoin fundraisers has not been realised yet, although many organisations like Sean’s Outpost have already done a lot of pioneering work in the field.

Jackpot

Now that’s the real Lion’s Share! Grandparents win $2.4M on legendary Vegas slot machine jackpot that has gone unclaimed for 20 years after playing $3 hits for just five minutes

By Associated Press Reporter
06:00 24 Aug 2014, updated 13:59 24 Aug 2014
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The Lion’s Share is the oldest slot machine on the casino floor of the MGM Grand in Las Vegas
It was one of 50 custome-made Lion’s Share machine installed in the early 1990’s but never went to jackpot
Has become famous over the years, with people lining up hoping for their chance
Walter and Linda Misco, of New Hampshire, had read about the game and decided to play on Friday
After five minutes of $3 hits they won
A pair of grandparents from New Hampshire has won $2.4 million at a notoriously stubborn MGM Grand slot machine.

Walter Misco played for about five minutes before hitting the jackpot at the 20-year-old – and well-renowned – Lion’s Share machine at about 11 pm Friday.

The 66-year-old retired businessman told reporters Saturday that his wife Linda Misco suggested he play that night.

+4
Jackpot!: New Hampshire couple Walter and Linda Misco won $2.4 million on Friday when the notorious Lions Share machine finally paid off after two decades at the MGM Grand casino in Las Vegas
He said the two read about the machine online.

MGM Grand President Scott Sibella congratulated the couple who live in a farmhouse in Chester, New Hampshire.

MORE…
Got a hangover? Carry on drinking! Scientists say ‘hair of the dog’ is the best way to feel better
Donation page set up for Darren Wilson raises over $235,000 – $30,000 MORE than the page established to support Michael Brown’s family
The two told reporters the winnings would help put their five grandchildren through college.

They said they may buy a new car as well.

The casino in a Saturday statement said the machine was known for refusing to yield its top jackpot for over a decade.

+4
About time: The Lions Share was one of 50 custom-made slots for the MGM Grand in the 1990s, however became famous for never letting off a jackpot
The Lions Share slot was one of 50 of same-themed machines that were custom-made for the MGM Grand casino in the early 1990s, however became famous for refusing to ever hit jackpot.

All the others have since been removed, leaving the sole Lions Share the oldest reel machine among the 1,900 slots on the casino floor.

For years it has had a large devoted following, with lines of people often gathered hoping for their chance at the big win, according to My News 3.

In February, the Wall Street Journal published a story about the long-dormant game, which only increased its popularity and the size of the daily que.

The MGM Grand is reviewing whether New Hampshire will allow the Misco’s to take the machine home with them.

+4
Stubborn: The Lion’s Share is the only game left from an entire network of $1 progressive slots that were installed at the MGM Grand in the early 1990s – and only just hit jackpot
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OkCoin Passes BitCoin Proof of Reserves Audit

OKCoin has passed a Proof of Solvency/Proof of Reserves audit conducted by Stefan Thomas. The audit was announced on Weibo yesterday. Fellow Chinese Bitcoin exchanges, Huobi and BTC China, are also expected to release similar announcements soon. Stefan Thomas previously conducted the same Proof of Solvency/Proof of Reserve audits for Bitfinex and Kraken. Similarly, Bitstamp was able to pass an independent test and prove their solvency to BitcoinJ developer Mike Hearn. OKCoin, along with many other industry-leading Bitcoin exchanges around the world, all now believe that providing Proof of Reserves is a new industry standard following the ongoing Mt Gox disaster.

Previous audits by Stefan Thomas revealed ~100.5% Bitcoin reserves at Kraken and 102.82% Bitcoin reserves. OKCoin breaks previous “records” with 104.86% Bitcoin reserves. To put that in perspective, a 4.86% reserve surplus is more than some banks in many countries, including the United States, have on hand to fulfill their legally required reserve ratios.

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OKCoin has been making steady moves into the international market since receiving $10 million in funding. OKCoin has since implemented margin trading, p2p lending, and futures trading. Along with BTC China, a competing Chinese Bitcoin exchange, OKCoin has launched an English language website and now accepts USD deposits for its designated USD trading books.

OKCoin’s CEO, Star Xu, had this to say:

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“We believe that this is a necessary step towards financial transparency for Bitcoin businesses. We acknowledge the fact that today’s audit is just ‘one point in time’ and it is for this reason that we aim to perform a series of regular audits to give confidence to our users.”

How Is Proof of Reserves Established?

The process of establishing a Bitcoin Exchange’s proof of reserves requires two steps to verify two separate claims. The first claim that must be verified is that (1) the Bitcoin exchange controls a certain amount of Bitcoin. To verify this claim, the Bitcoin exchange provides a JSON file with a list of all their Bitcoin addresses and balances, which is then compared to the blockchain. The comparison is made using the ‘cryptoshi audit’ command in libcoin.

The second claim that must be verified is that (2) the amount from claim 1 is greater than the amount contained in all of the Bitcoin exchange’s user balances. To prove this, the Bitcoin exchange provides a JSON file containing a set of anonymized user balances. At this point, Stefan Thomas uses his own tool, ‘easy-audit,’ to calculate the reserve ratio using the data from claim 1 and also the root hash. The code for Thomas’s ‘easy-audit’ can be found at his github. OKCoin has taken the additional step of including this tool on its website for users to verify that their balance was included in the root hash used by Stefan Thomas in his audit.

The technical details of the process will be explained by Stefan Thomas in a post, presumably to his site or the Bitcoin Forum, soon. Unfortunately, no Bitcoin exchange has undergone a publicized fiat financial audit yet, and the brave handful that have stepped forward thus far have only proved Bitcoin reserves.

Stefan Thomas has previously stated:

“As always, an audit does not constitute an endorsement and it does not address any risks outside of present insolvency. It’s also not infallible, exchanges can borrow money or ask others to sign their audit message. Finally, until we can implement fully zero-knowledge, cryptographically provable audits, you have to trust the auditor, i.e. me, to have done my job correctly.

Also same as last time, I did not receive any compensation for the audit and I did it in my free time.”

okcoinproof of reservesstefan thomas

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Overstock largest retailer to accept BitCoin

Overstock is the Largest Merchant to Allow International Payments in Bitcoin

Alyssa Hertig 20/08/2014 Accepts Bitcoin, Bitcoin Merchants, News

Overstock is the first of large online retailers to accept bitcoin payments from international customers.
Overstock was the first in a train of mega retailers to accept bitcoin payments from domestic, or U.S., customers. Now, the company will be the largest online e-commerce site to cater to international customers. The unveiling is slated for September 1.

Larger retailers like Dell, Dish, and Newegg have only, until now, planned to accept payments from the U.S. market in their respective experiments with the digital money. But international customers want in on the action.

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Lower processing fees waved in by cryptocurrencies translate to larger earnings for the company. The international-scope and the wider connectedness of bitcoin transactions is a major appealing aspect of cryptocurrencies. Companies don’t have to deal with currency exchange, making international payments easier.

The bitcoin price took a tumble this week, and the price is generally prone to swings. But Overstock is not affected. It converts the bitcoin to dollars as they are used on the website by using Coinbase as its merchant payment processor. It doesn’t sound like a bad deal.

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So far, bitcoin sales add up to about $300,000 a month for Overstock. Put another way, bitcoin transactions comprise a measly quarter of a percent of the company’s total sales. Byrne said Bitcoin has helped the online retailer. In a recent Reuters piece, he forecasted $6 million to $8 million total bitcoin sales by the end of the year–and there were still other crazily optimistic projections. He reported that bitcoin added four cents to the value of each share this year. Perhaps these large numbers were based on the projected expansion of the customer base.

The retailer sells everything from lipstick to printers to a global customer base. The Utah-based company serves over 100 countries and sells internationally under the name and website O.co. Overstock supports “fair trade.” Through Worldstock, it offers international artisans a chance to sell their delicate handcrafted pieces. It returns 60-70% of its proceeds to the artisans. It wants to expand its international operations further.

On the other hand, the company’s international shipping fees are high, which might detract from the attraction of global bitcoin sales.

Overstock CEO Patrick Byrne’s seems to think the company’s a step ahead of the pack as the first large online retailer to move towards building some sort of an international market with the globally-minded Bitcoin at its core. Paired with his stock exchange, he has some big plans for the new payment network.

Byrne has a stockpile of bitcoins. He announced earlier in the summer that 3% of Overstock’s profits will be used to spur Bitcoin adoption in other companies. Mr. Byrne also recently unveiled a plan to create a new stock modeled after Bitcoin by leveraging the financial platform Counterparty. This long-term project could have obvious international implications.

Global Paymentsinternational paymentsoverstockpatrick byrne

FunPlus Group sells its game subsidiary to Chinese holding company

August 19, 2014 6:00 AM
Dean Takahashi

FunPlus Group, the creator of mobile-social games like Family Farm, has agreed to sell its game subsidiary to publicly traded Zhongji Holding for $960 million.

Above: Dan Fiden
Image Credit: FunPlus
The size of the deal suggests how large FunPlus’s mobile-social game business has grown in the past few years. And it also points to a very interesting and ambitious strategy for the Beijing-based game company, which will take the money and invest it in experimental game opportunities.

It’s a little complicated, so bear with us as we explain it. Zhongji Holding, a publicly traded company in Shanghai, approached FunPlus to purchase its current social-mobile simulation games. FunPlus Group’s current business features games like Barn Voyage and Family Farm, and they are included in its gaming subsidiary dubbed DianDian Interactive. Zhongji is paying up to $960 million for DianDian for the games and about 120 FunPlus employees.

The rest of FunPlus will receive that giant war chest of money and invest it in its new ideas to disrupt the game business, said Dan Fiden, the chief strategy officer of FunPlus, in an interview with GamesBeat. Interestingly, FunPlus recently raised $74 million in venture capital. The company’s ambition to become a truly global game company — made possible by the universal acceptance of mobile-gaming platforms — fits with our theme of Total World Domination at our GamesBeat 2014 on Sept. 15-16 in San Francisco. And it’s a reason why Andy Zhong, the chief executive of FunPlus, will be one of our speakers.

“We can invest in disruptive and innovative businesses,” Fiden said. “Our ambitions are outsized, and the opportunity is outsized.”

Fiden added, “It’s a positive sign for the game industry globally. It’s a validation of the direction that we have gone. We didn’t want to have the binary choice of having a public company that focused only on the quarterly results and try to pursue a new growth business at the same time.”

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‘The Good Wife’ Season 3, Episode 13, ‘Bitcoin for Dummies’: TV Recap

Although a fairly low energy episode, requiring far too much attention to tedious detail, “Bitcoin for Dummies” delivers a big payoff: In a surprising twist, Kalinda is forced to betray either Will or Alicia. Her decision has the potential to bring one lawyer to ruin.

Bitcoin Casino

But first, the court case: The drama opens to the ominous beat of what turns out to be Timbre, Timbre’s “Magic Arrow,” signaling a gun fight. Dylan Stack (“American Pie’s” Jason Biggs) sits alone, anxious but defiant, in the Lockhart, Gardner waiting room. Soon enough, two Federal Treasury agents show up, warning, “This isn’t a game, Mr. Stack.”

Alicia, stunning in a shirred jersey dress I believe we have seen before, comes to his rescue. Stack has contacted Mrs. Florrick because of her own successfully resolved troubles with Treasury. He practices digital law in New York; the Feds want him to give up the name of a client who invented “bitcoin,” a new currency traded and spent online. Stack has promised his client anonymity, but the FBI says it’s a violation of federal law for individuals to create currency systems. Confronted with the prospect of 18 months in jail if he doesn’t submit to questioning, Stack tosses wads of cash on Alicia’s desk and asks her to represent him. “I’m putting on a good face,” he says. “Actually, I’m terrified.”

Yes, but you still have to pay by cashier’s check, says Diane, happy to have such a clearly solvent client.

Simultaneously, another showdown is shaping up at the semi-demolished office of Will’s ditzy attorney Elspeth Tascioni. “They found asbestos in there,” she explains to the special prosecution team, offering something to drink and “blankets if anybody’s cold.” Wendy Scott-Carr wants to know if Will saw judges placing bets with Jonathan Mead, the bookie at Gardner’s games. But as usual, Elspeth gets the better of her opponents, this time by forcing Cary Agos to “narrow down” the names of the judges the SA is investigating to three: Winter, Dunaway and Parks. Will, meanwhile, says he remembers nothing.

At home, Alicia (wearing minimal makeup—a nice, realistic touch) gets her kids to explain bitcoin (an even more realistic touch). When she overhears Zach and his friend Nisa say “I love you,” she stops in her tracks. Later, she tells Zach he’s moving too fast; he asks her if the real objection is that Nisa is black. “Zach! You don’t believe that,” she says. It’s just that they’re both young, there will be other people, blah blah blah.

In court, Treasury attorney Gordon Higgs (Bob Balaban) is searching for “‘Mr. Bitcoin,’ what we’ve come to designate the mysterious creator of this new internet currency. We believe this unregulated currency is being used in a digital black market, guaranteeing anonymity to money launderers, drug dealers and child pornographers.”

There’s a lengthy debate about whether Stack is legally required to reveal Bitcoin’s identity, concluding with Judge Sobel declaring, “een, meeny ,miney mo—that’s a joke, folks—the government’s motion is denied.”

That doesn’t stop Higgs from arresting Stack “for being Mr. Bitcoin. We’ve come to realize he is Mr. Bitcoin and the penalty for creating a currency is 10 to 30 years.”

When Alicia objects, Higgs counters, “Occam’s Razor, Your Honor: The person signing the checks, incorporating, and becoming the public face of the company is the company.”

A self-confessed “sucker for Occam’s Razor,” the judge grants Stack bail and says he’ll hear arguments the next day.

Back at the office, Diane, dazzling in a dusty rose jacket, points out the difficulty in proving a negative—how can they show Stack isn’t Bitcoin when they don’t know who Bitcoin is? Stack refuses to give them information on his client, which Kalinda interprets as a go-ahead for her to dig. Meanwhile, Will, rallying to the case, suggests they “play offense, not defense. Bitcoin isn’t a currency but a commodity, and there’s no crime if bitcoin is a commodity, just something to be traded like a bushel of fruit.”

Kalinda, after pointing out that Stack could indeed be Bitcoin, walks down to the parking garage with Will. “I am vulnerable,” he tells her of his own legal situation. “It’s innocent but it looks bad. When I stopped gambling, this friend, my bookie, Jonathan Mead, he forgave my debt…$8000…it could look like a payoff for setting him up with these judges. My guess is Wendy is trying to tie it to a case we won. They’re looking at three judges: Winter, Dunaway and Parks. Could you look at our cases before them? I want to anticipate which ones they’ll hit.”

Will is clearly feeling the stress. “I don’t want to go to jail,” he says. “Up until this week, I never thought I would.”

“It’s making you more human,” Kalinda says.

Will laughs. “That’s not much of a trade-off.”

In court, Alicia calls CNBC’s resident loud mouth, Jim Cramer, as a witness for the defense. He testifies that he doesn’t consider bitcoin a currency: “There’s no central bank to regulate it, it’s digital and functions completely peer to peer.”

When Treasury attorney Higgs gets belligerent in cross-examination, bringing up Cramer’s abrasive TV persona, Judge Sobel intervenes, asking him to be more cordial; Sobel then apologizes to the “Mad Money” host, adding, “I’m a great fan.”

In a throwaway line that amuses nonetheless, Cramer says that no apology is necessary: “Was it Montaigne who said, ‘How many valiant men can survive their own reputation’?” Jim Cramer, fourth Musketeer.

Kalinda—and aren’t we happy to see her back in action!—hits a cryptography convention in search of Mr. Bitcoin and follows a female big shot into the ladies’ room, leading to one of the best put-downs ever.

“Elaine Middleton, MIT,” the woman introduces herself.

“Kalinda Sharma, St. Mary’s High,” says our girl, adding, “I did a linguistic match on the bitcoin manifesto and guess what popped up?…Everybody’s looking for Mr. Bitcoin, when it’s Mrs. Bitcoin.”

Maybe not; Elaine points her finger at a Chinese “econophysicist,” Bao Shuwei.

They’re interrupted by a call to Kalinda from ASA Dana Lodge: “I’m staring at a document you might be interested in.”

When they meet, Dana (under Wendy Scott-Carr’s direction) tells Kalinda she needs help with the Gardner case. “You have a choice to make.”

“People always say choice when I think they mean ultimatum,” Kalinda says.

“We need to decide which case makes him most vulnerable,” Dana says, handing her a piece of paper. “That is Alica Florrick’s signature on what we believe is a forged document recently sent to us by an attorney in a divorce case against your firm. That’s felony, forging a document and perjuring. We prove this, Alicia gets disbarred. Will or her. We want Will Gardner.”

Crumbling the document and tossing it back, Kalinda leaves.

Back at the never-ending hearing, there are some funny bits where a guest and manager at the Priority Inn testify on Stack’s behalf. The guest paid for his room, and apparently an in-room porno movie, with bitcoin. The manager accepted bitcoin as he would Frequent Flyer miles. After a lot of legal hair-splitting (this stuff is boring enough to watch, let alone recap), even the judge has had it: “You know I’d love to hear more about this saga at the Priority Inn in Crestview,” says Sobel, “but I’m ready to rule. Bitcoin is a currency.”

That decided, they will return tomorrow to determine if Stack is the creator of this illegal tender.

Back in teenagers in love territory, Zach, after promising Alicia he’ll ease up on Nisa’s visits to their apartment, takes her to his dad’s apartment. (Clever boy.) But instead of absolute privacy they get…Jackie!

The senior Mrs. Florrick is none too thrilled at this continuing relationship, undoubtedly for all the wrong reasons. But like Alicia, she tosses out the “very young” and “other people” arguments, with the added fillip of “you have such different experiences, now that you’re in [private school] Capshaw, and you don’t want to be driving across town.” Surprised to hear that Alicia also thinks Zach is moving too fast, she tells him, “Your mother is probably right.”

This sets up Zach for a great adolescent moment, where he manipulates Alicia by confiding that Jackie agrees with her, adding that Jackie’s objection isn’t a matter of race, but because he is in private school, Nisa in public school.

Five seconds later he’s on the phone: “Hey, Nisa? Come on over. My mom says it’s fine.”

Back at Cryptcon or whatever it is, Kalinda finds Bao Shuwei, who says he had identified Elaine as Bitcoin, and that’s why she’s now fingering him (sheesh! Could this plot get any more convoluted, and not in any good way?). He tells her to check out a new embedding in the bitcoin code, a statement that says Stack is innocent.

This allows Alicia to argue that her client was in court when it was embedded, so he couldn’t have done it. (Except of course for that delayed release thing, as Higgs points out.)

Kalinda returns to Bao and asks him to find out where the encryption came from. Surprise!

“It was embedded from here?” says Diane. “So we think it’s him?… Well, he’s still our client and we need to represent him.”

Diane also asks Kalinda to keep her informed about Will’s case, so she can help if needed.

Any such help will be tricky. Meeting with Will and Elspeth (and you can imagine how much patience Kalinda has with that attorney’s dithering), the investigator tells them that their worst case is “the McDermott product tampering.” The bench trial with Parks resulted in an $8 million windfall for the firm, even though the evidence wasn’t there.

When Kalinda tells Elspeth “there’s stuff in the file that could make Will look bad,” his lawyer says, “Good to know. I’m going to go now.” That gives Gardner the chance to tell Kalinda, “Get rid of it.” Will she? If yes, she’s going to flip Alicia to the SA, if no, Will.

But wait! Before she can decide, there’s still more work on the Bitcoin front.

Doing a deeper analysis, Bao discovers that the “Stack is innocent” statement was embedded on Kalinda’s own computer, so now she has to be interrogated by Treasury. Alicia tells Higgs that it was ghosting, but “to deny that Ms. Sharma did it is not to say that Mr. Stack did it.” Any one of Kalinda’s suspects could have ghosted her computer.

Now it’s Elaine helping Kalinda (will this story ever end?). “Whoever ghosted your computer wanted to be found out,” she says, adding that this person also did a search of addresses she’d recently accessed.

Smiling, Kalinda says, “I know who it is.”

Meanwhile, Diane, smart enough to stay as far from this incredibly uninteresting case as she can, advises Alicia to prove that Higgs is still looking for Mr. Bitcoin, which means he doesn’t really believe Stacks is his guy.

When Kalinda again confronts Bao, the cryptographer says he can’t talk in front of the Feds, who are conspicuously watching him; she should meet him later in his hotel room. She alerts Higgs, but when they enter the room, Bao’s gone. Only a note remains, confessing that he did indeed invent bitcoin and adding that he is dropping his obsession with Elaine in Kalinda’s favor: “I love you.”

When Alicia calls Kalinda to the stand, she is surprisingly demure in a lovely knit dress (omnipresent black tank underneath). She innocently testifies that “Mr. Higgs said he believed I was on the right track in finding Mr. Bitcoin—Bao Shuwei.”

When Higgs objects that this is “hearsay,” she counters, “No. I recorded it. By accident. I just got a new phone and I didn’t know how to turn it off.”

Back at the firm, Stack gives Alicia a cashier’s check and thanks Kalinda, who tells him she’s decided “there is not a Mr. Bitcoin. There’s three—Elaine wrote the manifesto and Bao wrote the code. You were hoping to lose the Treasury in a round robin.”

Gunfight music booming, he departs, and the “Magic Arrow” lyrics play—“ghastly vision, your magic arrow flies precision,” and various other images I’ll let you guys decipher—as Kalinda meets Dana.

“What do you have?” the ASA asks.

Kalinda pulls out the big brown SLG-McDermott file that incriminates Will and shoves it toward her.

“Thank you,” says Dana, grabbing her hand.

Giving her a disgusted look, Kalinda exits, emotionally exhausted.