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The Bitcoin Experiment | DOCUMENTARY | Bitcoins Explained | Cryptocurrency | Crypto | Blockchain

The Bitcoin Experiment: What is Bitcoin? What are Digital Currencies? What is Crypto and Blockchains? Following the worldwide financial disaster, increasingly persons are questioning the way in which world markets perform. Some are turning to decentralised cost programs like bitcoin in an try and regain management of the economic system. But what’s bitcoin?

The Bitcoin Experiment (2015)

Director: P Karlsen

Genres: Special Interest | Documentary

Language: English

Release Date: 2015

Runtime: 40min.

Storyline: Following the worldwide financial disaster, increasingly persons are questioning the way in which world markets perform. Some are turning to decentralised cost programs like bitcoin in an try and regain management of the economic system. But what’s bitcoin? How will it affect the way in which we do enterprise and may bitcoin actually problem the banks monopoly and democratise society?

Since 2009, the worth of the bitcoin has diversified by a number of million per cent. The forex has been linked with legal networks and shady enterprise. But regardless of the warnings, bitcoin has gone from obscure programme to billion trade. Currently there are about 100,000 Bitcoin transactions per day. In comparability, Visa alone has 4,000 transactions per second. This has led folks to query if the system will work on a big scale.

Amund Sjie Sveen takes us on a street journey throughout Scandinavia to study extra about bitcoin blockchains and digital currencies. Along the way in which he seeks out environments and meets individuals who have a relationship with Bitcoin, as customers, attorneys, authorities officers, fans and sceptics.

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#documentaries #economic system #bitcoin

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The Bitcoin Experiment | DOCUMENTARY | Bitcoins Explained | Cryptocurrency | Crypto | Blockchain

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34 Comments

  1. Thank you for adding perspectives of different nations on Bitcoin in this documentary. Great job on production too!

  2. For those unaware: This doc. mentions that 3,600 new coins are put into circulation per day. This number was reduced to 1,800/day in 2016, and again to 900/day as of May '20.

  3. the documentation is from 2015, in 2020 you can spend crypto with a VISA Debit including Cashback in crypto. Or use other services, everyday there are more to come.

  4. The only way BTC scales is by a theory of LN – offchain. It is highly susceptible to attack as the avg tx can have as much as 80 hops. Bitcoin was brilliant because onchain tx has avg of 1.80 hops.

    Bitcoin scales on chain. The only bitcoin that is capable of massive throughput is Bitcoin Satoshi Vision.

    Compete with 7txs/sec at your own risk.

    “In the Information Age markets can change as fast as minds can change” -George Gilder

  5. Missing points: Custody of private keys is challenging — requires a lot of knowledge and skill beyond the level of common people. Mining algorithms on bitcoin (not blockchain) are wasteful and not decentralized. Fees are too high for the use case he's chasing. Inflation control is key. A similar deep-dive in the Proof-of-Stake blockchain realm — and the solutions it brings would be a good follow-up.

  6. It scares me. Too volatile. If it's not accepted as currency, then it's not useful. When it is accepted, it will become enormous.

  7. He started with 15 bitcoin in his wallet… that's over $160,000 USD at the current exchange rate!!! He paid over $1K for the taxi (at today's rate)!! Is btc a deflationary store of value? What other proof do you need?!!!

  8. That Person at 5:50 Is surely am Idiot which dont know about Bitcoin at all … lol ….. He said Bitcoin will be hacked on platforms.. lol.. Does banks dont get hacked???
    People will keep bitcoins in their HARD WALLETS not on Online platforms…. Please interview those people who know Bitcoin and its power.. These People are just afraid of that power….

  9. Cash is King I'll never swap cash for no computerized online money.. never thank God I'm from the 80s.

  10. Digital coin Odell, money is not the answer if the grid goes down you lose everything.. and it's only time before someone manipulates that as well there's always someone that's going to the manipulated always just like cash.. man in general is corrupt and evil and full of crap.. cash is King because no one knows what I have when it's in my pocket..

  11. This is the problem everybody wants quick verification and want to do everything online making the planet smaller …you wonder why one or two people can control the whole planet..

  12. Cash is King internet money is no good if the grid goes down you lose your money.. at least if you have cash and a quick go down you still have your cash and nobody knows what you have this is why I love cash.. but despite what people say cash is not going away no time soon despite picture of coin or computer money I should say..

  13. This is exactly why I found alternative ways to live come back to simple living live simple I don't use Banks I don't put money in Banks I don't trust them…

  14. The problem is people about greed and destruction and capitalism for that ..they're part of the problem also which is why America is also crumbly….

  15. Bitcoin will pump to 20k next week and everyone reading this comment will have all their dreams come true when Bitcoin goes to the moon 🚀 🌙

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