Bitcoin 101, with Daniel Altman | Big Think

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Bitcoin 101, with Daniel Altman Watch the newest video from Big Think: https://bigth.ink/NewVideo Join Big Think Edge for exclusive videos: https://bigth.ink/Edge ---------------------------------------------------------------------------------- Economist Daniel Altman explains the decentralized virtual currency Bitcoin. ---------------------------------------------------------------------------------- DANIEL ALTMAN: Daniel Altman is Big Think's Chief Economist and an adjunct faculty member at New York University's Stern School of Business. Daniel wrote economic commentary for The Economist, The New York Times, and The International Herald Tribune before founding North Yard Economics, a non-profit consulting firm serving developing countries, in 2008. In between, he served as an economic advisor in the British government and wrote four books, most recently Outrageous Fortunes: The Twelve Surprising Trends That Will Reshape the Global Economy. ---------------------------------------------------------------------------------- TRANSCRIPT: Daniel Altman: It’s been a big year for bitcoin, the virtual currency. This is the currency which only has value because people want to use it. They want to trade it so that they can buy things online, buy things perhaps in private settings and so they can hold onto it because they expect it will gain value into the future. It’s a currency that has been controversial because one of its exchanges broke down recently with the possible

Published 2014-06-30 · Watch on YouTube ↗
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