boeing shares up by almost 1.6%. >>> as we mentioned, our guest host is ben mezrich. but right now, we want to start with bitcoin, the topic of his latest book and ben, you made me hate the winklevie, the winklevoss twins, in the social network. how did you reassess this and come back to them? >> when i wrote "accidental billionaires," i met them, i thought they're the bad guys mark zuckerberg's the lovable nerd but about a year and a half ago, i read in "the new york times" that they were bitcoin billionaires and i called them up i sat down with them i was never really that interested in bitcoin because math makes my eyes glaze over. the word blockchain is the most horrible word ever invented. but i met with them and they started to tell me this crazy story, and it made me reassess who they were. these guys speak five languages. they are latin scholars. they can code almost as well as mark zuckerberg. and they had some ideas that may have been part of what became facebook -- >> you need to revise that scene in -- i like larry, too. i was just kidding -- >> his analys

in a new book, "bitcoin billionaires," ben mezrich describes how bitinstant's biggest investors, the grew concerned that their young c.e.o. was spending too much time traveling and partying, and not paying enough attention to the details of running his company. for example: charlie knew the u.s. government was concerned about how cyber-thieves and money-launderers were using bitcoin. his company was required to monitor its customers and report any suspicious activity. banks have whole departments that are supposed to do this. the person at bitinstant who charlie put in charge of it was charlie. so, you were in charge of making sure that you complied with, with rules and regulations for financial transactions. >> shrem: yes. >> cooper: was that a good idea? >> shrem: no. ( laughter ) very bad idea. ( groaning ) >> cooper: in 2013, charlie had other problems, too. a documentary called "the rise and rise of bitcoin," showed what happened when the price of bitcoin rapidly rose and fell. charlie's company and an exchange it did business with couldn't keep up with customer's orders. >> shr

. >>> coming up, author ben mezrich's books later became hit films such as "the social network" and "ttention to the winking voss twins who were able to save face after losing facebook by turning bitcoins into billions. packed green room. you're watching "cbs this morning: saturday." not buzzword fresh. but, actually fresh-fresh. fresh. at panera, we hand-pick berries at peak-season. use creamy avocado. cage-free eggs. and a dressing fit for a goddess. oh and every ingredient is 100% clean. come taste what a salad should be. and for your next event big or small, try panera catering. panera. food as it should be. he s go biki .moth.glamping... ...motocross... ...ziplining... what makes an amazing deal even better? how about that every new toyota comes with toyotacare, a two-year or 25,000 mile no-cost maintenance plan and roadside assistance? your summer starts here. toyota. let's go places. has me feeling super healthy. my new beneful superfood blend with salmon, cranberries... ...oh, but we are not done yet! here comes superfood wet with beef, salmon, and pumpkin. it's like a superfo

with us now, ben mezrich, author of "bitcoin billionaires," tells the stoish of how the winklevoss twins bitcoin billionaires nice to see you, ben pu are you still in touch with them >> i talk to them every day. i'm like the third winklevoss twin right now i've been following them around for a while and learning how they dove from being the bad guys in "the social network" to now being worth billions of dollars in crypto. >> do they deserve the credit of being sort of the bitcoin billionaires >> i do think so i think that i underestimated them and i think this book redresses how they appeared in "the social network. in that they were the archetype of the jock chasing the krat cree kid around the gym in skeleton costumes and now i see them leading this revolution in bitcoin. >> how much of a gain have they had from this? they were known as losing out for settling for tens or hundreds on facebook but -- >> they bought in at $7 and they bought 200,000 bitcoin they bought about 1% of all bitcoin. so as they wrote it up at 20,000 they were worth billions, 4 billion. at 8,000 they're probably

best author, ben mezrich. always great to see you.ell me about -- the winklevoss twins much aligned. how did they make their money in bitcoin and how can joe and i get rich? >> when i wrote "the accidental billionaire "qutd, they were the bad guys. i had to reassess who they were. they bought 200,000 bitcoin at $7 a coin. they now have billions in bitcoin. they were one of the first people into crypto. they've been building the second revolution and it made me take a second look at them because you don't get struck by lightning twice. they were at the beginnings of facebook and now the beginnings of cryptoand now worth billions in this new form of currency. >> bitcoin is one of those terms we've heard over the last couple of years. i'm not sure everyone, and i include myself in this, completely understands what it is. what did they see in it and how have they succeeded? >> bitcoin is supposed to be the money of the future. it's digital, i can text you money with nobody in between us. there's no authority, there's not a bank, not a spe