160. Why Everybody Who Doesn’t Hate Bitcoin Loves It
Freakonomics Radio
Freakonomics Radio + Stitcher
4.6 • 32K Ratings
🗓️ 27 March 2014
⏱️ 35 minutes
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| 0:00.0 | Hey podcast listeners, we made the episode you're about to hear because you asked for it. |
| 0:08.4 | You sent us emails, many, many emails over the last several months, maybe over the last |
| 0:13.4 | couple of years, with questions like these. |
| 0:17.5 | What is Bitcoin? |
| 0:18.5 | Bitcoin. |
| 0:19.5 | Bitcoin. |
| 0:20.5 | Uh, bitcoins. |
| 0:21.5 | What exactly is a bitcoins and I guess? |
| 0:23.0 | You know what this is? |
| 0:24.0 | It's a digital currency. |
| 0:25.0 | I do know that it involves the internet. |
| 0:27.8 | So that's cool. |
| 0:29.1 | All right. |
| 0:30.1 | So what is Bitcoin? |
| 0:32.2 | It strikes me that the world is currently divided into two groups of people. |
| 0:36.6 | Those who care a great deal about Bitcoin and either love it or hate it and those who |
| 0:42.7 | couldn't care less. |
| 0:43.7 | Now, the second group is large, but the first group is noisy. |
| 0:48.7 | And as a result, you've been hearing a great deal about Bitcoin in the media. |
| 0:53.7 | You've heard that it's a digital currency, a cryptocurrency technically, whose price has |
| 0:57.9 | risen from about five cents per Bitcoin to much, much higher than that. |
| 1:04.0 | The value of Bitcoin skyrocketed to a new record of $900 today. |
... |
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