Currency

The Tuesday Podcast: Bitcoin

One bitcoin will get you this nerd merit badge.
eagleapex's posterous/Flickr

Bitcoin is a new kind of currency. But unlike, say, the dollar or the yen, it's not backed by any government. Also, you can't hold it in your hand or put it in your pocket; it exists only on computers.

Bitcoin is supposed to be cash for the Internet age — anonymous money that anyone can use without using a credit card or going through a bank.

On today's Planet Money, we try to get our hands on a few bitcoins, which turns out to be harder than it sounds.

We dig into some basic questions that come up when you're creating a new currency from scratch.

And we buy lunch.

Subscribe to the podcast. Music: Spoon's "Who Makes Your Money." Find us: Twitter/ Facebook.

Comments

 

Please keep your community civil. All comments must follow the NPR.org Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.