Cryptocurrency: The Future of Money in a Digital World? I NOVA Now
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- Опубликовано: 11 окт 2024
- Subscribe for free to get all episodes of NOVA Now on Apple Podcasts at apple.co/2U5GyYp
The internet revolutionized how we communicate and exchange information. Now, it’s causing the ways in which we invest and spend money to change, laying the foundation for cryptocurrency.
How this digital currency functions-much like the inner workings of the internet itself-is invisible to most. But the ongoing explosion of interest and investment in cryptocurrency is undeniable. In September, El Salvador became the first country to accept Bitcoin as legal tender. Meanwhile, China announced a ban on all crypto trading and mining.
So what exactly is cryptocurrency, and how risky is it to invest in it? Is the future of money heading in a digital direction? With help from innovators paving the way for the future of money in a digital world, Dr. Alok Patel learns what the hype is all about.
NOVA Now is a production of GBH and PRX. It’s produced by:
Terence Bernardo
Ari Daniel
Jocelyn Gonzales
Isabel Hibbard
Sandra Lopez-Monsalve
Rosalind Tordesillas
Julia Cort and Chris Schmidt are the co-Executive Producers of NOVA.
Dante Graves is Director of Audience Development.
Sukee Bennett is Senior Digital Editor.
Christina Monnen is Associate Researcher.
Robin Kazmier is Science Editor.
Lorena Lyon is Digital Production Assistant
Devin Robins is Managing Producer of Podcasts at GBH.
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© WGBH Educational Foundation 2021
TLDR: Every bank has a ledger of transactions. But they will never show it to you. Crypto is a big ledger and it's public. It's why you can see large transactions publicly which I find fascinating. There are Twitter feeds that post large transactions and what wallet they came from.
Exactly!! The system goes down, you have nothing!! Digital money is so easy to have disappear as well! So many crypto currency systems get hacked!!
What happens when the utilities, and telecommunications are controlled by the government? What then?
Nice Podcast 👏
Well, I still support this podcast! I just feel like this episode was not for me
I love crypto but it its definitely flawed.
There is a shroud of mystery behind it, and there could be governments or organisations behind it.
It is much easier controlled than cash (no, not cards) or metals.
You see in order to convert it into cash (which hopefully will not be essential in the near future) you need to provide all your personal information.
Also most cryptos are transparent (but not all-monero) so a third party can see exactly where you are spending your money.
How fitting to see the crypto bots on this comments section.
wow look at all those mem currencies, must be legit
Crypto currencies will not be able to replace the actual currencies used by countries as there is no possibility of exchange rates.
The worldwide banking industry, is already using a more secure currency system. It is the credit, capable of having rate transitions done in seconds. It already can permit an ATM user to withdraw local currency from a foreign account to the exchange limitation. Eg: if the exchange rate is against your currency, it would not allow you. To obtain that much local currency ,as you would be overdrawn, much as an ATM transaction would prevent you in your own country.
SBF FTX LOL
Bitcoin is a great investment vessel if you're looking for short-term profit. Digital currencies may also be a long-term investment due to their high market demand,And it is a profitable venture
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Robinhood list Shiba Inu now!!
Crypto is a scam
What's up fellow whites