Much has been written over the past year about the new digital currency Bitcoin — especially after its price skyrocketed 15x in just a few months, followed by a blow-off correction of over 50%.
But what exactly is it? How does it work? How secure is it? What are its advantages (and disadvantages) to sovereign fiat currencies? To precious metals?
In this week’s podcast, Chris talks with Gavin Andresen, chief scientist of the Bitcoin Foundation and lead developer for its digital currency project.