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Stuff You Should Know

How Bitcoin Works

Stuff You Should Know

iHeartPodcasts

Society & Culture

4.679.3K Ratings

🗓️ 17 June 2013

⏱️ 39 minutes

🧾️ Download transcript

Summary

In 2008 Bitcoin, the world's first decentralized, anarchistic all-digital currency, was introduced to the world. Its value has risen, fallen and risen again and speculators, techies, libertarians and economists alike are taking it seriously.

Transcript

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0:00.0

There's so much news happening around the world that we're somehow supposed to stay on top of.

0:05.7

That's why we launched The Big Take.

0:08.3

It's a daily podcast from Bloomberg and I Heart Radio that turns down the volume a bit

0:14.0

to give you some space to think.

0:16.4

I'm Wes Kosova.

0:17.7

Each weekday I dig into one important story and talk about why it matters.

0:23.6

Listen to The Big Take on the I Heart Radio app, Apple Podcasts or wherever you listen.

0:31.5

Welcome to Stuff You Should Know from House of Works.com.

0:41.4

Hey and welcome to the podcast.

0:42.8

I'm Josh Clark and there's Charles W. Chuck Bryant and this is Stuff You Should Know, the podcast.

0:48.4

The Tech Edition which we don't dive into tech too much because that's...

0:54.1

This is Jay Strick and Lauren's territory.

0:58.6

Yeah. And frankly we're a little scared of him.

1:00.8

Our cohorts at Tech Stuff, they do a great job.

1:03.2

Sure.

1:04.2

But we've gotten so many requests for this topic that we were like, you know, we got to

1:08.5

have satisfied the Stuff You Should Know fans.

1:11.2

We don't want them showing up with torches led by Mothabartender at our door.

1:15.7

Exactly.

1:16.7

You know this might be the most requested of all time possibly.

1:21.7

Oh you think?

1:23.0

I think it might be.

...

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