This chapter explores the complex history and evolving narrative of Bitcoin, from its enigmatic creator to its adoption by major financial institutions. It highlights the investigative journey to uncover key figures in the Bitcoin community and reflects on the challenges faced in the quest for transparency. Additionally, it discusses Bitcoin's potential as a global currency, its practical uses in different economic contexts, and the barriers to widespread acceptance.
Nathaniel Popper of the New York Times and the author of Digital Gold talks with EconTalk host Russ Roberts about Bitcoin. Can Bitcoin make it? What went wrong with Mt. Gox? Why did Ross Ulbricht, the creator of Silk Road, just get sentenced to life in prison? Why are venture capital firms pouring millions of dollars into companies promising easier ways to use Bitcoin? Popper discusses these questions along with the technical side of Bitcoin to help listeners understand why so many investors are excited about the potential of Bitcoin.