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Speculate on the rise and fall of the euro and the dollar, gold and silver, the Rouble and the Peso, all on one platform.

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Lite Coin Vs. Bitcoin & Digital Currency Future – Bitcoin Gold – Litecoin Silver?

Lite Coin Vs. Bitcoin & Digital Currency Future - Bitcoin Gold - Litecoin Silver?

Bitcoin, the alternative cryptocurrency, is the trendiest answer to ‘What’s in your wallet?’ since, well, a certain credit card. The value of Bitcoins has skyrocketed over the last year, as the digital currency is used to pay colleges tuitions, assassins’ contracts and the paycheck for a police chief in Kentucky. Now there’s another online currency, Litecoin, which was created by former Google employee and MIT student Charles Lee to correct some of Bitcoin’s flaws. RT’s Meghan Lopez asks Yanis Varoufakis, political economist and author of ‘The Global Minotaur,’ if cryptocurrencies are just a flash in the pan, or if they’re the financial future of the world.
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The Truth about Bitcoin and Alternative Currencies

Bitcoin has been making headlines for months. With the price fluctuating wildly, is it really a currency, or just a scam? To find out, we have to analyze its properties.

Gold and silver give us good examples of which properties make a sound currency, and bitcoins seem to measure up well. Will they ultimately outcompete the US dollar, gold, or silver? We can’t know, but with the Federal Reserve devaluing the dollar every day, it is only a matter of time before people start looking for an alternative currency.

To learn more, visit:, and to learn the basics of Bitcoin, visit:

Bitcoin address: 15wDJRfsyomAgvX2TdW32gdYtAWZtAd1ps

Scripted, animated, and produced by Steve Patterson. Special thanks to Julia Patterson.

© 2011 WMG
Strange Currencies (Live Road Movie Version)
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