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Detailed text transcripts for TV channel - FOXNEWS - 20171210:00:44:00

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Detailed text transcripts for TV channel - FOXNEWS - 20171210:00:46:00

a wild ride on wall street. values of a digital currency recently soaring 40 percent in 40 hours before falling back down and building back up again. all of this as their future preparation is mainstreamed on sunday. will it ultimately replace the almighty dollar? deidre bolton has more. bitcoin launch in 2009 after the global credit crisis when many people lost faith in government and the financial system. for a practical standpoint, bitcoin is a digital currency. there is no government guaranteeing it, no central bank and it is a peer to peer software system that mimics what cash does in the physical world. every bitcoin bought and sold as recorded in an open ledger. constantly updated across every participated computer program

Detailed text transcripts for TV channel - FOXNEWS - 20171210:00:47:00

in a public spreadsheet maintained by the users that is called the block chain. as for bitcoin safety, whether or not you should buy it, most experts say not without a strong it is as safe as you can make it. there are elements of it that make it extremely safe and extremely transparent. but there are also issues about it because there is a lot more for the user choose accused the bitcoin then say if you went to the bank and you have your dollars. the bank is responsible for all of your money. you are responsible for your bitcoin. so there are elements that make this more secure that there is also a lot more responsibility put on the user to ensure that. there are a few vendors that accept bitcoin in exchange for a physical good such as a bowl of french onion soup. was selected as as you coaching is a detent bitcoin and they will say what is bitcoin? a lot of people still have not heard about this yet. but as long as you can find someone else that is willing to accept bitcoin in

Detailed text transcripts for TV channel - FOXNEWS - 20171210:00:48:00

exchange it for real goods. less even bitcoin experts say they are not sure that they will ever ensure that america s ways bitcoin is that of dollars. it is too early to tell. the people jumping on the bandwagon or investors. the reason? the value is soaring. on thursday, the value of a bitcoin was 40 percent and 40 hours. the year-to-date gain is now 1500 percent. the investment community, bitcoin is becoming mainstream. starting on sunday the chicago board of exchange will begin offering trade in bitcoin pages. in exchange offer the same later this month. the nasdaq in the first half of 2018. as for wall street, there is a mixed reaction. morgan stanley will wait and see. goldman sachs says that it will trade bitcoin futures on a case-by-case basis. but j.p. morgan chase ceo says it is a fraud and he will fire anyone who trades it. thank you.

Detailed text transcripts for TV channel - FOXNEWS - 20171210:10:46:00

a wild ride on wall street. values of a digital currency recently soaring 40 percent in 40 hours before falling back down and building back up again. all of this as their future preparation is mainstreamed on sunday. will it ultimately replace the almighty dollar? deidre bolton has more. bitcoin launch in 2009 after the global credit crisis when many people lost faith in government and the financial system. for a practical standpoint, bitcoin is a digital currency. there is no government guaranteeing it, no central bank and it is a peer to peer software system that mimics what cash does in the physical world. every bitcoin bought and sold as recorded in an open ledger. constantly updated across every participated computer program

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