Or simply want to enhance online privacy? In the midst of the global financial meltdown in 2008, a mysterious genius under the pseudonym Satoshi Nakamoto presented the architecture for the perfect currency. Bitcoins cannot be forged, and can be transferred worldwide with the simple click of a button, without incurring transaction costs. Although nobody knows Nakamoto’s true identity, his invention the bitcoin gospel the first decentralised cryptocurrency has taken the world by storm in just a few years.
Initially dismissed as unsafe and of interest only to criminals, Bitcoin has seen its exchange rate going up and up, and banks and governments have started taking notice that it is an invention they cannot ignore. This documentary investigates the history of bitcoin, how it works, and what its future holds. Is bitcoin the blueprint for a bankless currency, or the biggest pyramid scheme ever? What if we could create money ourselves, without the need for banks? Money that can’t be forged, that will appreciate rather than depreciate, and that can be used worldwide without transaction costs. It exists, and some people consider it to be the digital version of gold: bitcoin.
Is this really a perfect bankless alternative for the failing finance sector, or are we simply shifting power from the current elite to a new one? When the financial world collapsed in 2008, a mysterious genius under the pseudonym Satoshi Nakamoto presented the architecture for the perfect, bankless currency. Bitcoins can’t be forged, and can be transferred worldwide with one click of a button, without transaction costs. Up till today, nobody knows who Nakamoto is, but his invention of the first decentralized cryptocurrency became world-famous within a couple of years. Bitcoin Jesus’ Roger Ver invested massively in bitcoins when they were still worth less than a dollar, and in 2013 he saw the bitcoin exchange rate reaching as much as 1000 dollars.
He sees the cryptocurrency as a digital replacement for gold, and therefore as the perfect means to undermine corrupt government policy and a failing financial sector. And maybe even as the recipe for world peace. What’s the bottom line, now that this globally disruptive currency has grown to maturity? Is bitcoin the blueprint for fair money, separated from banks or states, or will it be a new hierarchy froom haves and have-nots? Please help us to keep the site free from ads as much as possible !