Appropriating Bitcoin News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Fund their plans? start off with the quick definition, explain what it is in two sentences. >> it is software maintained by thousands of the so-called bitcoin miners all over the world on thousands of different computers. it will basically allow you to make payments from person to person without going through a bank or financial institution. that's one of the reasons criminals like it. >> so there is -- the value of bitcoin is not a set number. it costs less than $1,000 in january and went up to $18,000 this month. so a lot of people talk about the bitcoin bubble. is it a bubble, a scam, what ...

The question is, is the bubble going to burst or is the bubble getting bigger or getting bigger and then burst? and then nobody knows, you're seeing the headlines of bitcoin, and it can go to 100,000 or closer to zero. any of those things could happen. and more than one of those things, which is one of the reasons this is interesting, this a brand new system. we just don't know what is going to happen. >> you mentioned a dark side to it. why isis would be using it. how dangerous that is. >> i'm sure terrorist groups like bitcoin because you can transfer it from one person or organization witho...

Think? >> it's a misconception that nobody is running the show. there's no central authority running the show, that is true, but it's not just the wild west and completely out of control. there are -- there are protocols outline in the founding documentation and the software itself. the minors regulate the consensus by a 51% vote of those involved. the community does regulate it. in terms of it being the currency of all, i think the alt-right is appropriating bitcoin for itself when in reality, people conduct criminal transactions in cash all the time. and bitcoin is a little bit more convenie...

Y euphrates river valley, he warned the assad regime crossing over the line. he said, that would be a mistake. now, i followed up with him on the very question and said, look, are you warning them? is this explicit instructions to the russians and the assad regime? he backed away and said, they are not going to do it. you almost seem like you are talking a petition of syria and will have long nights ahead of them. >> a newsy morning there at the pentagon. thank you for those headlines. appreciate it. as u.s. troops go after isis on the ground as hans has been talking about, there's another b...

Or becomes more regulated, some people think, that will sort of defeat the purpose of the de-centralized currency. others say, it will also legitimize it. and if governments sort of give it their blessing one way or the other, just by saying we acknowledge and accept it and it is okay, or by regulating the way you may regulate a security, that brings bitcoin more closer to the mainstream financial system and makes it something more people can actually use. >> rick newman from yahoo! finance. always an interesting conversation when you're on the shochl thank y show. thank you, my friend. prom...