The Bitcoin Gospel (vpro backlight documentary)
Economy | Information | History | Online | Facts | World | Global | Money
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 was initially dismissed as unsafe and only interesting to criminals. But in fits and starts, the exchange rate kept going up, and more and more banks and governments are realizing that bitcoin is an invention they can't ignore. ‘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. However, the question is whether the bitcoin community won't fall prey to the same perverse incentives as the financial system bitcoin wanted to replace. Because of the gold rush that arose around the new, democratic currency, bitcoin is now mainly in the hands of a small elite of early adopters. 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? Director: Hans Busstra VPRO Backlight November 2015 Our globalized world causes societies, economies and cultures to seek a new balance. VPRO Documentaries reflects on this with new features every week. We research subjects like politics, world economy, society and science with experts and try to grasp the essence of prominent trends and developments. So subscribe to our channel and we will be delighted to share our adventures with you! Visit additional youtube channels bij vpro broadcast: vpro Broadcast: https://www.youtube.com/channel/UC75PWWQrls0z6fh0loY5I4Q vpro Metropolis: https://www.youtube.com/channel/UCpnazGScKQfGauk7YNyI21w vpro Documentary: https://www.youtube.com/channel/UC9sXw4ZdPEIp6bYGvLW-_iA vpro World Stories: https://www.youtube.com/channel/UCqJ6GC0klkbFuQa-0ZePqkQ vpro Extra: https://www.youtube.com/channel/UCTLrhK07g6LP-JtT0VVE56A vpro VG (world music): https://www.youtube.com/channel/UC-KX3q7zIz7s2rjooBfl6Nw vpro 3voor12 (alternative music): https://www.youtube.com/channel/UC-p9faJQsBObRNiKY8QF2NQ vpro 3voor12 extra (music stories): https://www.youtube.com/channel/UCtgVYRLGraeL9rGMiM3rBHA
Comments
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TO THE MOON!
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I'm not a robot.
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So the guys say's it's not to late to get involved in Bitcoin but you need a fucking warehouse full of expensive computers to generate a single one. I think i definitely missed the boat.
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Bitcoin isn't money it's just a proxy.
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I need those Bitcoin Gis!!!!!
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24:00 that bitch use explorer, she cant be trusted
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Ok so this satoshi will become the new master of the world if this takes off as he have 5% of the bitcoin... great. How about all those miners, they will be the cartel of the currency, again massive control and influence. From one system to another same thing.
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39:00 Is that Path of Exile on the computer screen?
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excellent, in many ways.
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I like Bitcoin cause it's eco friendly, can be worth anything at any possible time. No bank or government controls it. It's easy to use rather than cash or gold. You can only "print" so much bit coin before it can't be printed anymore. It will prevent bank robbers. It's is universal. If I gave it more thought I would say some more great facts about it
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LUCKEY
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I couldn't get the QR code to work in the beginning
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balanced, informative, illuminating, super-well made documentary !
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I get this video is called the Bitcoin Gospel, but could we please address some of the technical aspects of this stuff? Blockchains are awesome. They're a very cool concept and they'll certainly have real world impact. But Bitcoin's got some major problems, people.
1. Real world consumption of materials and energy. This leads to an inevitable centralization of mining, of which 3 miners control. Even fiat isn't controlled by 3 people.
2. Utility. Bitcoin is slow in comparison to other blockchains, the nodes are full and you need to know a specialist language to do anything with it. "Bu.. But Rootstock" I'll believe it when it's released. Otherwise developers will migrate to other platforms, and what is now nine billion USD will have no exit valve.
3. The central community is incredibly toxic. No one wants to touch it and VC has been largely unsuccessful in funding real world projects. -
Отличное видео
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What will happen when blockchains are hacked? And it can be hacked with enough resources. Can there ever be a bitcoin like system that can't be hacked?
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The problem with bitcoin, eCoin any virtual coin and all crypto-currencies is that all transactions are virtual, public and ultimately traceable. Orwellianly so : "backdoor, side door" etc. We need currency that is impossible to trace, real not virtual and non-depedent on electricity or internet, in order to maintain some privacy and control.
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max Keiser is the man
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good tutorial here : https://plus.google.com/u/0/115577969653932337535/posts/ZV5uLb4aQPr
48m 53sLenght
2362Rating