APACT: 2021/06/02 - Bitcoin, How It Works, And Why It's Failing

This week on A Podcast About Catholic Things, Eric (The Ambassador of Common Sense) and Dan (The Ambassador of Nonsense) discuss Bitcoin and other cryptocurrencies, especially those relying on block-chain technology. Why haven't any cryptocurrencies taken off? What's holding them back right now, and what will be their problems in the future? How is cryptocurrency related to the latest string of ransom hacks that seem to be becoming a world-wide trend? How can companies allow hackers to stop production?

In the news, Swiss breaks negotiations with EU. UN opens investigations against Israel, while "Flimsy Graham" discusses Israel's future. Bill Cosby is still in jail. Republicans perform first filibuster when they block commission to investigate Jan 6 non-event. China continues to encroach on local waters. Austrian Muslims are angry over map. Black gun owners march on Tulsa. China will kill a few less babies when they do a 3-child poloicy instead of a 2-child. Amazon drops arbitration agreement in favor of court settlements. Ebay bans PayPal. Biden stops energy independence in America. Biden ends 'stay in Mexico policy' and allows illegals to come streaming in. Scientists discover two new Wooly Flying Squirrel species. NASA to send two satellites to Venus. Kentucky Derby winner caught with drugs.

In the land of nonsense, Walmart takes legal action against man for picking up garbage. A goldfish that's really a Bass. Puppy momma fights off bear momma--and a 17 year old girl wins. Bob Dylan record returned to library after 48 years. A swimming pool in the sky.