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Bitcoin Creating Interest and Controversy

Bitcoin Creating Interest and Controversy 歌词

歌曲 Bitcoin Creating Interest and Controversy
歌手 英语听力
专辑 VOA慢速英语：经济报道
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[00:00.100] From VOA Learning English,
[00:02.620] this is the Economics Report.
[00:05.670] Many people who want to buy goods, pay for services,
[00:10.530] or send money anywhere in the world are using Bitcoin.
[00:15.430] They do not have to use banks, credit cards
[00:19.150] or other financial services
[00:21.650] when they use the electronic currency.
[00:25.280] Unlike national currency,
[00:28.530] Bitcoin is not issued by governments.
[00:31.990] Bitcoin is electronically protected or encrypted.
[00:37.960] It is bought, sold and transferred
[00:41.970] like other currencies through trading companies.
[00:46.530] Transfers happen without governments being involved
[00:51.780] or regulating the currency.
[00:54.590] Jerry Brito is a technology policy analyst
[00:59.800] at George Mason University.
[01:02.420] He says Bitcoin is the world's first,
[01:06.180] true digital currency, that is not controlled by anyone.
[01:11.780] "Bitcoin basically solved a computer science problem that,
[01:17.240] for the first time, allows just two people to transact online,
[01:21.640] so it's decentralized. There's no Bitcoin company,
[01:23.990] there’s no government, it's kind of like email."
[01:27.210] However, the very things that people like about Bitcoin,
[01:32.210] are also what criminals like about it.
[01:35.820] They want to move money from place to place secretly,
[01:40.920] without governments knowing about it.
[01:43.890] Law enforcement agencies in the United States
[01:48.440] recently closed an online market that used Bitcoin.
[01:53.750] Marco Santori is the chairman of the Bitcoin Foundation's
[01:58.900] Regulatory Affairs Committee.
[02:01.600] He notes that all Bitcoin transactions
[02:06.010] can be seen by all other computers,
[02:09.170] and he says they believe
[02:11.570] that no one regulates the currency is not true.
[02:15.570] "Bitcoin is in fact heavily regulated.
[02:18.190] It is very heavily regulated.
[02:20.200] Those who exchange Bitcoins for other digital currencies
[02:23.860] or exchange Bitcoins for dollars are money transmitters
[02:27.480] under the Bank Secrecy Act," said Santori.
[02:29.130] The amount of Bitcoins in the system
[02:32.720] must always be counted and tracked.
[02:35.690] Users' computers that watch and approve Bitcoin sales
[02:41.340] and purchases are given new Bitcoins.
[02:45.600] Mr Brito says this is how more money is added to the system.
[02:51.820] "Every 10 minutes,
[02:52.970] there are about 25.5 Bitcoins introduced into the economy,
[02:56.940] and it is given to one of the miners,
[02:59.800] kind of at random as it were,
[03:02.340] who are contributing the computer capacity," said Brito.
[03:05.050] The United States, Germany,
[03:07.700] and many other governments accept the use of Bitcoins,
[03:11.810] but some officials have called for stronger regulations
[03:16.020] on the electronic currency.
[03:18.320] China recently banned its banks,
[03:22.000] but not businesses, from trading in Bitcoin.
[03:26.660] Since its beginning in 2009,
[03:30.910] the value of a Bitcoin has increased from just a few pennies
[03:36.030] to hundreds of American dollars.
[03:39.130] And that's the VOA Learning English Economics Report.
[00:00.100] From VOA Learning English,
[00:02.620] this is the Economics Report.
[00:05.670] Many people who want to buy goods, pay for services,
[00:10.530] or send money anywhere in the world are using Bitcoin.
[00:15.430] They do not have to use banks, credit cards
[00:19.150] or other financial services
[00:21.650] when they use the electronic currency.
[00:25.280] Unlike national currency,
[00:28.530] Bitcoin is not issued by governments.
[00:31.990] Bitcoin is electronically protected or encrypted.
[00:37.960] It is bought, sold and transferred
[00:41.970] like other currencies through trading companies.
[00:46.530] Transfers happen without governments being involved
[00:51.780] or regulating the currency.
[00:54.590] Jerry Brito is a technology policy analyst
[00:59.800] at George Mason University.
[01:02.420] He says Bitcoin is the world' s first,
[01:06.180] true digital currency, that is not controlled by anyone.
[01:11.780] " Bitcoin basically solved a computer science problem that,
[01:17.240] for the first time, allows just two people to transact online,
[01:21.640] so it' s decentralized. There' s no Bitcoin company,
[01:23.990] there' s no government, it' s kind of like email."
[01:27.210] However, the very things that people like about Bitcoin,
[01:32.210] are also what criminals like about it.
[01:35.820] They want to move money from place to place secretly,
[01:40.920] without governments knowing about it.
[01:43.890] Law enforcement agencies in the United States
[01:48.440] recently closed an online market that used Bitcoin.
[01:53.750] Marco Santori is the chairman of the Bitcoin Foundation' s
[01:58.900] Regulatory Affairs Committee.
[02:01.600] He notes that all Bitcoin transactions
[02:06.010] can be seen by all other computers,
[02:09.170] and he says they believe
[02:11.570] that no one regulates the currency is not true.
[02:15.570] " Bitcoin is in fact heavily regulated.
[02:18.190] It is very heavily regulated.
[02:20.200] Those who exchange Bitcoins for other digital currencies
[02:23.860] or exchange Bitcoins for dollars are money transmitters
[02:27.480] under the Bank Secrecy Act," said Santori.
[02:29.130] The amount of Bitcoins in the system
[02:32.720] must always be counted and tracked.
[02:35.690] Users' computers that watch and approve Bitcoin sales
[02:41.340] and purchases are given new Bitcoins.
[02:45.600] Mr Brito says this is how more money is added to the system.
[02:51.820] " Every 10 minutes,
[02:52.970] there are about 25. 5 Bitcoins introduced into the economy,
[02:56.940] and it is given to one of the miners,
[02:59.800] kind of at random as it were,
[03:02.340] who are contributing the computer capacity," said Brito.
[03:05.050] The United States, Germany,
[03:07.700] and many other governments accept the use of Bitcoins,
[03:11.810] but some officials have called for stronger regulations
[03:16.020] on the electronic currency.
[03:18.320] China recently banned its banks,
[03:22.000] but not businesses, from trading in Bitcoin.
[03:26.660] Since its beginning in 2009,
[03:30.910] the value of a Bitcoin has increased from just a few pennies
[03:36.030] to hundreds of American dollars.
[03:39.130] And that' s the VOA Learning English Economics Report.
[00:00.100] From VOA Learning English,
[00:02.620] this is the Economics Report.
[00:05.670] Many people who want to buy goods, pay for services,
[00:10.530] or send money anywhere in the world are using Bitcoin.
[00:15.430] They do not have to use banks, credit cards
[00:19.150] or other financial services
[00:21.650] when they use the electronic currency.
[00:25.280] Unlike national currency,
[00:28.530] Bitcoin is not issued by governments.
[00:31.990] Bitcoin is electronically protected or encrypted.
[00:37.960] It is bought, sold and transferred
[00:41.970] like other currencies through trading companies.
[00:46.530] Transfers happen without governments being involved
[00:51.780] or regulating the currency.
[00:54.590] Jerry Brito is a technology policy analyst
[00:59.800] at George Mason University.
[01:02.420] He says Bitcoin is the world' s first,
[01:06.180] true digital currency, that is not controlled by anyone.
[01:11.780] " Bitcoin basically solved a computer science problem that,
[01:17.240] for the first time, allows just two people to transact online,
[01:21.640] so it' s decentralized. There' s no Bitcoin company,
[01:23.990] there' s no government, it' s kind of like email."
[01:27.210] However, the very things that people like about Bitcoin,
[01:32.210] are also what criminals like about it.
[01:35.820] They want to move money from place to place secretly,
[01:40.920] without governments knowing about it.
[01:43.890] Law enforcement agencies in the United States
[01:48.440] recently closed an online market that used Bitcoin.
[01:53.750] Marco Santori is the chairman of the Bitcoin Foundation' s
[01:58.900] Regulatory Affairs Committee.
[02:01.600] He notes that all Bitcoin transactions
[02:06.010] can be seen by all other computers,
[02:09.170] and he says they believe
[02:11.570] that no one regulates the currency is not true.
[02:15.570] " Bitcoin is in fact heavily regulated.
[02:18.190] It is very heavily regulated.
[02:20.200] Those who exchange Bitcoins for other digital currencies
[02:23.860] or exchange Bitcoins for dollars are money transmitters
[02:27.480] under the Bank Secrecy Act," said Santori.
[02:29.130] The amount of Bitcoins in the system
[02:32.720] must always be counted and tracked.
[02:35.690] Users' computers that watch and approve Bitcoin sales
[02:41.340] and purchases are given new Bitcoins.
[02:45.600] Mr Brito says this is how more money is added to the system.
[02:51.820] " Every 10 minutes,
[02:52.970] there are about 25. 5 Bitcoins introduced into the economy,
[02:56.940] and it is given to one of the miners,
[02:59.800] kind of at random as it were,
[03:02.340] who are contributing the computer capacity," said Brito.
[03:05.050] The United States, Germany,
[03:07.700] and many other governments accept the use of Bitcoins,
[03:11.810] but some officials have called for stronger regulations
[03:16.020] on the electronic currency.
[03:18.320] China recently banned its banks,
[03:22.000] but not businesses, from trading in Bitcoin.
[03:26.660] Since its beginning in 2009,
[03:30.910] the value of a Bitcoin has increased from just a few pennies
[03:36.030] to hundreds of American dollars.
[03:39.130] And that' s the VOA Learning English Economics Report.
Bitcoin Creating Interest and Controversy 歌词
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