Sunday, December 8, 2013

Litecoin Vs. Bitcoin and the Digital Currency Future

From RT America

Published on Dec 5, 2013

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.