What are Bitcoins and are they the future?

NOTES: http://asianewsweekly.net/2015/04/11/what-are-bitcoins-and-are-they-the-future/

Saturday | April 11, 2015

I love traveling. I’ve been all across Asia and it’s my mission during the winter to vacate the cold and take refuge in Southeast Asia. But the thing I hate most about traveling is dealing with money.

I’m not talking about the expense of traveling, I’m talking about having to deal with switching currencies when crossing borders.

Dollars to won to yen to pesos to… you get the idea.

What I loved about science fiction was this notion of a universal currency embraced by the world community. We’re a long way off from that; however we are seeing the emergence of various digital currencies.

The most famous of which is the bitcoin.

Joining me via Skype on this week’s Asia Now podcast is Chris Williams, Meetup organizer for the Seoul Bitcoin Center. We discuss what bitcoins are, their history, the controversy behind them, and where things might lead in the future.

After the podcast, please let me know what you think about bitcoins. Are they the currency of the future or just a fad?

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