Bitcoin always seemed very interesting to me. The idea of a currency that is run almost entirely outside the regulation of the government seems fascinating. One thing I learned from this film that I hadn’t realized before was that Bitcoin was not actually the first digital currency that people tried to do, it was only the one that grew the most. It was especially interesting to me the part where they talk about how a man who was selling Bitcoins to drug users was sent to prison, while no bankers responsible for the financial crisis were punished at all for that, I just found that really unfair.
I found the idea of the Bitcoin Center in New York City to be really cool, since it seemed like a step in the direction of making Bitcoin more mainstream. It’s a shame that they had to shut down, though. They mentioned in this film that most of the biggest organizations in Bitcoin had already been shut down by the time this movie was made, even with the relatively short lifespan of the bitcoin industry.
A big part of this film was talking about the mystery identity of Satoshi Nakamoto, the creator of Bitcoin who had been really big in the Bitcoin community for a while before just disappearing one day, and nobody knows for sure who he really was. Unsolved mysteries like that are always really fascinating, and while there are many theories as to who this person could be (assuming it is just a single person), nobody knows for sure what the truth is.
The concept of blockchain that Bitcoin is built on is very interesting. The fact that every payment done through bitcoin is not monitored by some third-party but by the computers that send and receive bitcoin payments is very cool for those that want more privacy with what they are buying, especially since bitcoin is entirely anonymous. But if there is one thing that this film shows, it's that we still have a long way to go until bitcoin is completely accepted in the mainstream as an actual currency. If you want to learn more about the history of Bitcoin, I definitely recommend this film.
I found the idea of the Bitcoin Center in New York City to be really cool, since it seemed like a step in the direction of making Bitcoin more mainstream. It’s a shame that they had to shut down, though. They mentioned in this film that most of the biggest organizations in Bitcoin had already been shut down by the time this movie was made, even with the relatively short lifespan of the bitcoin industry.
A big part of this film was talking about the mystery identity of Satoshi Nakamoto, the creator of Bitcoin who had been really big in the Bitcoin community for a while before just disappearing one day, and nobody knows for sure who he really was. Unsolved mysteries like that are always really fascinating, and while there are many theories as to who this person could be (assuming it is just a single person), nobody knows for sure what the truth is.
The concept of blockchain that Bitcoin is built on is very interesting. The fact that every payment done through bitcoin is not monitored by some third-party but by the computers that send and receive bitcoin payments is very cool for those that want more privacy with what they are buying, especially since bitcoin is entirely anonymous. But if there is one thing that this film shows, it's that we still have a long way to go until bitcoin is completely accepted in the mainstream as an actual currency. If you want to learn more about the history of Bitcoin, I definitely recommend this film.