Decoder: Crypto currencies, good or bad, are here to stay

Decoder: Crypto currencies, good or bad, are here to stay

They can fluctuate wildly in value. They can be hard to spend. They devour energy. But crypto currencies are here to stay and will surely bring changes. Photo by STRF/STAR MAX/IPx 2021 1/21/21, courtesy of AP Photos In the past few weeks, an iconic Los Angeles sports...

News Decoder is committed to explaining, in simple terms, complicated stories that appear over and over on front pages and in news broadcasts. For lack of time, money and space, most mainstream news organizations don’t take the trouble to explain the background to complicated issues and assume readers and viewers understand why the story matters. How many of us say to ourselves when running across a story on crypto currencies: “I need to educate myself about these things because they are not going away.” In his decoder, Stuart Grudgings explains how crypto currencies emerged, how they work and why they are with us to stay.

Exercise: Ask students to debate whether crypto currencies will eventually replace traditional money.

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