Can bitcoin be a currency if you never know its value? Living outside the traditional banking network by design, its fluctuating value makes it too cumbersome for petty transactions.
Yet despite the hurdles, bitcoin and its underlying technology is seen as a kind of "digital gold.
" Economics correspondent Paul Solman reports.
Find more from PBS NewsHour at https://www.pbs.org/newshour
Subscribe to our YouTube channel: https://bit.ly/2HfsCD6
Yet despite the hurdles, bitcoin and its underlying technology is seen as a kind of "digital gold.
" Economics correspondent Paul Solman reports.
Find more from PBS NewsHour at https://www.pbs.org/newshour
Subscribe to our YouTube channel: https://bit.ly/2HfsCD6
-
- 2
Francisco Gimeno - BC Analyst The problems of Bitcoin (or any other crypto anyway) to be accepted as a normal currency for small transactions due to its fluctuation in price makes it alien to many people. However, it continues to be the reference for the change coming with the new Industrial Revolution. Soon or later, we hope, a new line of cryptocurrencies will make fiat/cash money obsolete.