Bitcoin, the most popular online cash system to date, saw a victory this week, when federal officials told members of the Senate Homeland Security Committee that virtual currencies are not illegal. But questions about how to regulate online money still remain. If digital currencies are allowed to grow, how will Bitcoin and others affect the global economy? Do you use them? Join the conversation on the next Your Call with Matt Martin and You.
Guests:
Vitalik Buterin, computer science student at the University of Waterloo and a writer for Bitcoin Magazine
Tom Simonite, MIT Technology Review’s IT editor for hardware and software
Angela Angelovska Wilson, lawyer at Latham & Watkins specializing in alternative payment systems
Resources:
Wired: Bitcoin Boomtown: Digital Currency Tops $400, Mining Rigs Sell for $3M
Financial Review: Bitcoin rivals churn out new digital currencies but Ripple stands out
Reason Magazine: Bitcoin Price Hits a New High as the Virtual Currency Grows in Popularity
MIT technology Review: Leading Economist Predicts a Bitcoin Backlash
Reason Magazine: Bitcoin: More than Money
NPR: Bitcoin Hits Record High After Senate Panel Told It's Legal
Washington Post: 12 questions you were too embarrassed to ask about Bitcoin
MIT Technology Review: What Bitcoin is and why it matters
MIT Technology Review:Bitcoin hits the big time to the regret of some early boosters
MIT Technology Review: Mapping the Bitcoin economy could reveal users’ identities
LA Times: U.S. agencies tell Senate Bitcoins offer legitimate benefits
Readwrite:What The Bitcoin Bubble Really Says About The Cryptocurrency