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Banking on Bitcoin
Bitcoin is the most disruptive invention since the Internet, and now an ideological battle is underway between fringe utopists and mainstream capitalism. "Banking on Bitcoin" shows the players who are defining how this technology will shape our lives. Bitcoin's early pioneers sought to blur the lines of sovereignty and the financial status quo. After years of underground development Bitcoin grabbed the attention of a curious public, and the ire of the regulators the technology had subverted. After landmark arrests of prominent cyber criminals Bitcoin faces its most severe adversary yet, the very banks it was built to destroy.
The Rise and Rise of Bitcoin
Bitcoin is a peer-to-peer monetary system in which all transaction records are public. Participants can use its open-source software to transfer virtual currency to one another as easily as they might send an email. Bitcoin opens an uncharted world of new possibilities to explore. We'll follow the stories of entrepreneurs and startups that are helping shape the new financial frontier. We'll look at the competitive mining market and the various subcultures within the Bitcoin community." You'll encounter a variety of characters and opinions as we examine the social and political impact of an open-source digital currency. Will the rise of Bitcoin bring a monetary paradigm shift that will forever change the world? Supposedly invented by a mysterious Japanese man named Satoshi Nakamoto (whose current whereabouts are unknown). Because it is designed to have an absolute ceiling of 21 million Bitcoins in circulation (not anticipated until 2040), and the system has no central depository or administrative authority, it has great appeal to libertarians and others who seek alternatives to a perceived corrupt, manipulative banking infrastructure and excessive government regulations. Its low processing fees compared with those of mainstream credit-card companies also hold considerable allure for merchants.
Bitcoin: The End of Money As We Know It
The concept of a digital, decentralized currency is questioning things and the answers being spilled out are deep-seated, long-standing propositions that place a magnifying glass onto the seemingly untouchable financial institutions at the base of modern commerce. What may be uncovered in the philosophical, political, and economic questions could have radical implications for the rest of the 21st century". The documenteray ushers us in, not to explore simply Bitcoin, but to hint at the basis of trade, commerce, and civil society. Director Torsten's story of money is one filled with promise like a sunrise over a landscape of human spirit.
Who Wants to be a Bitcoin Millionaire
Bitcoin is the world's leading virtual currency, but unlike real money, it is not backed by a government or properly regulated. Bitcoin is exchanged and held digitally by users - which is attractive to criminals selling drugs, pornography and arms. But now Bitcoin is moving into the mainstream and being openly marketed as an investment opportunity. The film investigates what Bitcoin is and what it means, going inside a Bitcoin mine in Iceland - where currency is made - and spending time with the Bitcoin millionaires of Silicon Valley.
The programme also hears from others who have been scammed out of their life savings and investors who think the cryptocurrency is an enormous scam and that the writing is on the wall. Around the world, authorities are sounding the alarm that Bitcoin is too risky - is it too late, or too crazy, to try to become a Bitcoin millionaire?
Magic Money The Bitcoin Revolution
With the advent of Bitcoin, the world's first digital currency, for the first time in history money is no longer controlled by banks or governments, but by the people who use it. But where did this currency come from? How does it work? And is it truly the way forward, or just a flash in the pan? Magic Money answers these questions and more as it explores the mysterious origins of Bitcoin, its role in society, and how it could shape the future in an eye opening film.
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