Bitcoin ‘Lacks Teeth’ of Traditional Currency: Ritholtz

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  • Bloomberg Markets and Finance published this video item, entitled “Bitcoin ‘Lacks Teeth’ of Traditional Currency: Ritholtz” – below is their description.

    Jun.22 — Barry Ritholtz, a Bloomberg Opinion columnist, weighs in on the cryptocurrency debate. He speaks with Bloomberg’s Tom Keene and Lisa Abramowicz on “Bloomberg Surveillance.” Ritholtz’s opinions are his own.

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    In This Story: Bitcoin

    Bitcoin is a cryptocurrency invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto and started in 2009 when its implementation was released as open-source software. Bitcoin was the first decentralized cryptocurrency.

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  • In This Story: Cryptocurrency

    A cryptocurrency, crypto-currency, or crypto is a digital asset designed to work as a medium of exchange wherein individual coin ownership records are stored in a ledger existing in a form of a computerized database using strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin ownership.

    Bitcoin is the first decentralized cryptocurrency. Since the release of bitcoin, other cryptocurrencies have been created.

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