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The Current powered by Kim Komando

Breaking down the Bitcoin – everything you ever wanted to know but were too afraid to ask

The Current powered by Kim Komando

WestStar Multimedia Entertainment, Inc

News, Technology, Tech News

4.6825 Ratings

🗓️ 11 January 2018

⏱️ 28 minutes

🧾️ Download transcript

Summary

You’ve probably heard about Bitcoin, but like many, are completely confused by the new digital currency. Bitcoin’s value is soaring, but there are so many questions surrounding this fairly new cryptocurrency. Listen to me FREE Komando on Demand podcast as I answer the questions you’re too embarrassed to ask and find out the pros and cons of buying and selling Bitcoins. Learn more about your ad choices. Visit megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

When someone says the word currency to you, you're probably think of the dollar, the pound, the yen, the peso, and the euro.

0:07.0

But what do you know about Bitcoins?

0:09.0

Almost nine years ago, the cryptocurrency was created.

0:12.0

We still don't really know by who, but Bitcoins have recently taken the world by storm.

0:17.0

The digital currency is making it easy to make a transaction anonymously, with no middlemen,

0:22.6

meaning no banks, no governments. And now Bitcoins can be used to pay for all kinds of things,

0:27.6

from online games to booking hotels, even a trip to the dentist, or into space. Today, many people

0:34.6

are seeing Bitcoins as this terrific investment, and as we've seen in recent months, the value is soaring.

0:40.1

But there are so many questions about Bitcoins.

0:42.7

What's it worth?

0:43.8

Why are the prices skyrocketing?

0:45.9

How do I buy them?

0:46.8

How do I save them?

0:47.7

Where do I store them?

0:49.1

What if I get hacked and drained of all my Bitcoins?

0:51.8

The list goes on.

0:53.0

I'm Kim Commando, and in this week's special

0:55.5

Commando-on-demand podcast, I'm going to answer all of the questions many of you have, but maybe

1:00.8

you're just a little too embarrassed to ask. And to help me answer all these questions, I'm joined

1:05.4

by renowned attorney Stephen Tepler. Stephen is a leader in electronic discovery and technology-related law.

1:12.3

We're going to answer your questions about Bitcoins.

1:14.6

And also we're going to talk about how the virtual money can be regulated.

...

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