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What’s a Bitcoin?

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Content provided by CUNY Lecture Series – CUNY Podcasts. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by CUNY Lecture Series – CUNY Podcasts or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
The cyber currency created in 2009 as “a plaything for hackers,” will be used by governments by 2023 and consumers by 2027 by some estimates, Nathaniel Popper, author of Digital Gold: Bitcoin and theInside Story of the Misfits and Millionaires Trying to Reinvent Money, tells a Baruch audience. The digital dough wasn’t worth anything until 2011, adds Popper, when it was adopted by users of the now defunct Silk Road website — to buy and sell heroin and marijuana without the transactions being trackable. Bitcoins, which exist as entries on a digital ledger, had an exchange rate value of more than $500 in September 2016. “Most of the general public still thinks of this as some sort of weird Tamogatchi pet or Pet Rock or something, but this is something that basically every Wall Street bank has a team working on right now,” Popper says.
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10 episodes

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Fetch error

Hmmm there seems to be a problem fetching this series right now. Last successful fetch was on February 26, 2024 17:28 (5M ago)

What now? This series will be checked again in the next day. If you believe it should be working, please verify the publisher's feed link below is valid and includes actual episode links. You can contact support to request the feed be immediately fetched.

Manage episode 205049001 series 2295526
Content provided by CUNY Lecture Series – CUNY Podcasts. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by CUNY Lecture Series – CUNY Podcasts or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
The cyber currency created in 2009 as “a plaything for hackers,” will be used by governments by 2023 and consumers by 2027 by some estimates, Nathaniel Popper, author of Digital Gold: Bitcoin and theInside Story of the Misfits and Millionaires Trying to Reinvent Money, tells a Baruch audience. The digital dough wasn’t worth anything until 2011, adds Popper, when it was adopted by users of the now defunct Silk Road website — to buy and sell heroin and marijuana without the transactions being trackable. Bitcoins, which exist as entries on a digital ledger, had an exchange rate value of more than $500 in September 2016. “Most of the general public still thinks of this as some sort of weird Tamogatchi pet or Pet Rock or something, but this is something that basically every Wall Street bank has a team working on right now,” Popper says.
  continue reading

10 episodes

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