Bitcoin: Beyond the Bubble
If you’re intrigued by the word Bitcoin but intimidated by the complex technical jargon surrounding it, the documentary “Bitcoin: Beyond the Bubble” is for you. This concise overview explains the intricacies of cryptocurrencies in an engaging and accessible manner.
The film begins by examining popular currencies throughout history, including our long-standing reliance on precious metals like gold and silver, and the dollar system most commonly used today. Bitcoin is seen by many as the next logical evolution of these currencies and is a hugely popular one.
Combined with an interface called the blockchain, Bitcoin is a fully decentralized network that removes all intermediaries in the currency exchange process. This is one of the key factors that differentiates it from doing business with traditional banks or credit card companies, and is the main reason why these established institutions are threatened by the growing popularity of cryptocurrencies.
The network is especially useful for those who are not active members of the banking system, but its benefits extend beyond personal needs. As detailed in the film, countries with insecure currencies use Bitcoin to avoid dealing with corrupt governments and greedy central banking systems. Many of the wealthiest parts of the world are reluctant to conduct financial transactions with third world countries because of rampant credit card fraud. Bitcoin removes this risk and opens up a new area of ​​revitalization for these impoverished countries. Incredibly, it can also be used to improve privacy standards, protect the integrity of national elections, and help struggling families around the world gain property rights.
The film dives headlong into answering Bitcoin’s most ardent critics, including questions related to the technology’s durability, should it grow far beyond expectations in the near future, and safeguards against widespread fraud.
Drawing on insights from leading executives and forecasters in the global financial community, Bitcoin: Beyond the Bubble offers an optimistic glimpse into an empowered future where everyone is in control of their money.
Directed by: Tim Delmastro
