Is the Bitcoin a Boom or a Bubble?

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The price of a Bitcoin has jumped from $13 at the start of this year to more than a thousand, and it's still rising. Congress and federal regulators are beginning to pay attention. There already are Bitcoin millionaires — and Bitcoin criminals -- even though most people don't understand what a Bitcoin is. We hear about digital currency, controlled and stored in computers and traded across the Internet as a way to make payments. How does it work?  Is it really safe? Is the value of Bitcoins subject to the old adage: what goes up must come down?

Credits

Guests:
Robert McMillan - Wired magazine - @bobmcmillan, Patrick Murck - Bitcoin Foundation - @virtuallylaw, Nicholas Weaver - International Computer Science Institute - @NCWeaver, Jered Kenna - Tradehill - @JeredKenna‎, Felix Salmon - Host of the Slate Money podcast, WIRED - @felixsalmon

Host:
Warren Olney

Producers:
Jenny Hamel, Andrea Brody, Gideon Brower