Podcast: This week on “Learn Me Something,” Aaron and Rich delve into cryptocurrencies, what they are, how they work, and question its stability and long-term viability. A cryptocurrency is a digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank. As always, follow the links in the show notes for sources and referenced articles.
Virtual currencies, perhaps most notably Bitcoin, have captured the imagination of some, struck fear among others, and confused the heck out of the rest of us. – Thomas Carper, US-Senator
Announcing the first release of Bitcoin, a new electronic cash system that uses a peer-to-peer network to prevent double-spending. It’s completely decentralized with no server or central authority. – Satoshi Nakamoto, 09 January 2009, announcing Bitcoin on SourceForge.