National

What are Bitcoins and are they the future?

Take a look at just about any science fiction film. They don’t use dollars, they use some universal currency that can be transferred at the click of a button. Today we’re seeing the emergence of digital currency. What are Bitcoins and are they the future. That’s one conversation taking place in Asia… now.
Asia News Weekly
Written by Asia News Weekly

Today we’re seeing the emergence of digital currencies like Bitcoin. But what are Bitcoins, how are they used, and are they the future of money?

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?

Keep up with news from the region by following Asia News Weekly on Facebook or Twitter. You can also send an email to the show with your comments, questions, and feedback. Just drop a line to podcast@asianewsweekly.net.

Subscribe to this and other podcasts at AsiaNewsWeekly.net. Subscribing is free and when you do, the next episode is delivered automatically to you.

About the author

Asia News Weekly

Asia News Weekly

The Asia News Weekly podcasts brings you the biggest stories from the Asia-Pacific region.

  • Bitcoin Brian

    Bitcoin truly is the future and as this article suggests, you should invest in it. People are saying Bitcoin is going to be the next gold rush. Those who are smart like PayPal will invest in things like FapTurbo (http://www.fapturbo.info) that use Bitcoin to make people rich. I’m excited to tell my grandkids that I was part of the birth ofthe digital currency – imagine the potential!

Click here not to show this pop-up box again.