Cryptocurrency - What Is Bit Coin?

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Bitcoin was created by a shadowy figure on the internet known only as satochi noc moto. The idea behind it was pir tepear payments without any bank or government facilitating those payments, per Daniel Stevenson. It's very science fiction novel like some shadowy figure who no one knows what they are. Aran sorken, if you're listening, n think i asacall think about it. I can't wait for the movie a version of this.

For something of such obvious importance, money is kind of mysterious. It can, as Homer Simpson once memorably noted, be exchanged for goods and services. But who decides exactly how many goods/services a given unit of money can buy? And what maintains the social contract that we all agree to go along with it? Technology is changing what money is and how we use it, and Neha Narula is a leader in thinking about where money is going. One much-hyped aspect is the advent of blockchain technology, which has led to cryptocurrencies such as Bitcoin. We talk about what the blockchain really is, how it enables new kinds of currency, and from a wider perspective whether it can help restore a more individualistic, decentralized Web. Neha Narula is the Director of the Digital Currency Initiative at MIT. She obtained her Ph.D. in computer science from MIT, and worked at Google and Digg before joining the faculty there. She is an expert on scalable databases, secure software, cryptocurrencies, and online privacy. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.