Name: Learn to talk about digital currency in 6 minutes
Uploaded: 2018-01-08T04:40:48.000Z
Duration: 6 min 34 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

Dan: Hello and welcome to 6 Minute English.

I'm Dan and joining me today is Neil. Hey Neil.

Neil: Hello Dan. What's on the agenda today?

It's something that makes the world go round,

In fact, if we all stopped believing in it,

Neil: Currency is the money that's being used

Dan: Well, 'crypto' is a prefix meaning hidden or secret.

which means mysterious or difficult to understand.

Neil: Well I've certainly heard the name,

When was the Bitcoin crypto-currency first created?

Neil: Well, I think 2004 may have been a little early,

Dan: We'll see if you're right later on in the show.

Neil: Well, I know it's a digital currency…

so presumably you can use it online to buy things?

First, it's not printed by governments or banks,

Neil: Legal tender means the official money that

Governments won't recognise it as an official currency,

Neil: Fluctuates means changes in level or amount.

Dan: The second thing is that bitcoin is a

You can't carry a load of bitcoins around in your pocket!

Dan: Oh dear, Neil. Was that a money pun? Terrible!

Neil: So if it's a digital only currency,

Can't I just say that I've got a million of them and

even though Bitcoin is not regulated by a bank

This is when you use your computer to run calculations

You get rewarded for this 'work' by earning bitcoins.

which means it's an easy way to earn money.

Neil: Wow! I'm going to start mining immediately!

Bitcoin's value has recently gone up quite a lot

has begun trading in Bitcoin futures contracts.

a bet on where the currency will be a month from now,

which started the year worth under 1000 dollars

will continue to rise in value, albeit at a slower rate.

But at the big banks there's still plenty of scepticism

So, now big investors are betting on the value of Bitcoin

Subtitles ListPlay Video

Learn to talk about digital currency in 6 minutes

context

vocabulary

plenty

doubt