Susan Athey explains how Bitcoin works, and why virtual digital currency might change the way consumers and financial institutions do business. Athey is the Economics of Technology professor at Stanford Graduate School of Business.

Read more about the perils and promise of digital currency in this article featuring Athey and venture capitalist Balaji Srinivasan: http://www.gsb.stanford.edu/insights/...

Find out more about professor Athey's research: http://www.gsb.stanford.edu/faculty-r...