Odd Lots: How to Launch Your Own Form of Money

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Every week, hosts Joe Weisenthal and Tracy Alloway take you on a not-so-random walk through hot topics in markets, finance, and economics.

By now you've probably heard of Bitcoin. But Bitcoin isn't the only digital currency. In fact, there are hundreds of "altcoins" out there, all of which are different from Bitcoin in varying degrees. One of the hottest new currencies is ZCash, a digital currency designed to provide more anonymity than Bitcoin. And unlike Bitcoin, whose founder is pseudonymous and unknown to the public, ZCash was backed by a company with a known team. In the latest episode of Odd Lots, ZCash founder Zooko Wilcox explains how and why he launched his own currency and explains why anyone would actually use it.

SoundCloud: 56: How To Launch Your Own Form Of Money by Bloomberg

To contact the author of this story: Joe Weisenthal in New York at jweisenthal@bloomberg.net.

To contact the editor responsible for this story: Sara Patterson at spatterson33@bloomberg.net, Tracy Alloway