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It’s the cryptocurrency that could rule the world, but what exactly is Bitcoin?




A sticker on the window of a local pub indicates the acceptance of Bitcoins for payment on April 11, 2013 in Berlin, Germany.
A sticker on the window of a local pub indicates the acceptance of Bitcoins for payment on April 11, 2013 in Berlin, Germany.
Sean Gallup/Getty Images

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The recent spate of ransomware attacks on companies like Disney and Netflix, as well as the torrential spread of the malware WannaCry, have put the spotlight on the cybercurrency Bitcoin, the preferred payment form of hackers around the globe.

We’ve heard your questions during our recent ransomware segments and we’re taking a step back to the basics – what, exactly, is Bitcoin?

Host Larry Mantle sits down with Nathaniel Popper, who writes about the intersection of technology and finance for the New York Times, to get some answers.

How does it work? Is it truly untraceable? What’s the appeal of cybercurrency? Why is it considered revolutionary? Will it last?   

Call in with your Bitcoin questions: 866-893-5722.

Guest:

Nathaniel Popper, journalist who covers the intersection of technology and finance for The New York Times; his recent article for the New York Times is “What is Bitcoin? All about the Mysterious Digital Currency;” his book is "Digital Gold: Bitcoin and the Inside Story of the Misfits and Millionaires Trying to Reinvent Money