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Radiolab

In Novem­ber of 2016, jour­nal­ist Mor­gen Peck showed up at her friend Mol­ly Web­ster’s apart­ment in Brook­lyn, told her to take her bat­tery out of her phone, and began to tell her about The Cer­e­mo­ny, a moment last fall when a group of, well, let’s just call them wiz­ards, came togeth­er in an undis­closed loca­tion to launch a new cur­ren­cy. It’s an under­tak­ing that involves some of the most elab­o­rate secu­ri­ty and cryp­tog­ra­phy ever done (so we’ve been told). And math. Lots of math. It was all going great until, in the mid­dle of it, some­thing start­ed to behave a little…strangely.