[DIGITAL ONLY] If the US issues digital currency like China, what will be the fate of private cryptocurrencies? • If the US issues digital currency like China, what will be the fate of private cryptocurrencies? [... 00:10:23 Easily catching up on blockchain and Bitcoin 00:12:34 Visiting a coin mining site... 00:20:07 History of Bitcoin prices feat by Shuka 00:28:06 The birth of Ethereum 00:36:18 Bitcoin, which hit an all-time high of $65,000 per coin after the 17th century Dutch tulip speculation, has been shaking up the financial market with repeated crashes and surges since May. Dogecoin, which became famous thanks to a single word from Elon Musk, surpassed KOSPI and KOSDAQ in daily trading volume at a domestic exchange. On one side of the virtual currency market, which is traded 24 hours a day without upper or lower limits, the 'Young and Rich' are born, while on the other side, scammers and addicts are overflowing. We covered the virtual currency investment craze that has swept the world. ■ Collapse of trust, Bitcoin's challenge. Han Jeong-su, 30, hit the jackpot with his virtual currency investment three years ago and joined the 'FIRE Tribe' last spring. He says that the only difference between Bitcoin and the dollar is that trust is based on code, not government. Jang Jae-yoon, who mines the second-generation virtual currency 'Ethereum', explains that open networking that anyone can participate in is the foundation of virtual currency and the core of the blockchain ecosystem. Bitcoin was born as trust in central governments collapsed around the world. However, it is now in a dilemma between currency and assets due to high value fluctuations. ■ Transformation of currency "Money has three functions: a medium of exchange, a measure of value, and a store of value. Traditional currency has taken on all three of these functions, but the currency of the future may be different." David Yermack, the head of the finance department at New York University's Stern School of Business, who was the first major university in the world to offer a regular course on virtual currency, believes that virtual currency can play a different role from traditional currency. In fact, second-generation virtual currencies have shown potential for use in new areas such as NFTs (non-fungible tokens) and DeFi (decentralized finance), but questions are being raised as to whether they are being properly evaluated. ■A huge speculation market, what is the future? So, is the current price of virtual currencies a bubble? Vitalik Buterin, the creator of Ethereum, a representative second-generation virtual currency, warns, “Virtual currencies are no longer toys, but we don’t know when the current bubble will end.” The virtual currency market has become a huge speculation market with a proliferation of intangible coins, and the 2030 generation has jumped in the most. Even those who are striving to create new value within it are concerned that the current disorder could erase even the 1% possibility of innovation. [Current Affairs Planning Window] examines the nature of virtual currencies and what this craze will leave us. Interviewer: Seo Jae-hee, Cameraman: Lee Sang-goo Narration: Economic YouTuber Shuka Broadcast date and time: Sunday, May 30, 2021, 9:50 PM, KBS 1TV #Shuka #Bitcoin #Dogecoin #Ethereum #Virtual currency #NFT #DeFi #Speculation #Bubble #Coin investment #FIRE tribe #Current affairs planning window #KBS Current Affairs 'Current Affairs Planning Window' homepage https://bit.ly/39AXCbF Facebook / changkbs Instagram / window.sisa WAVVE·YouTube 'Current Affairs Planning Window' search