Bitcoin is the most disruptive invention since the Internet, and now an ideological battle is underway between fringe utopists and mainstream capitalism. The film shows the players who are defining how this technology will shape our lives.
The popularity of bitcoin is on the rise. To many, the rising value of bitcoins means that they are a great alternative investment. True, the cryptocurrency is not exactly being used by most people and there are some in the developing world who are not yet aware of bitcoins, but the global currency, which is free from any restrictions from any governments or organization, has not only become very popular, but has also exhibited the value of the blockchain digital ledger technology, which is described by the BBC as “the underlying ledger system on which bitcoin is based”.
Bitcoins is a relatively new currency, and although a lot of the global population knows everything there is to know about it, there are others who are aware of this cryptocurrency but do not have much knowledge on how to use it. Banking On Bitcoin is a documentary that pretty much explains everything about bitcoin inside out and gives a deep insight into this phenomenon.
The Banking on Bitcoin documentary explains the fundamentals of Bitcoin, where and by whom it was founded – and why the creator’s identity still remains a mystery. It also gives some insight into the usefulness of using this cryptocurrency, considering such transactions have no fees or very low fees, and fewer risks in terms of being used online.
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