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BitcoinSpotlightUnfiltered

A Recipe For Financial Disaster – Bitcoin

Bitcoin could be micro economic miracle worker and it could be a macroeconomic wrecking board. Nicholas Gruen, CEO Lateral Economics

Bitcoin: The End of Money as We Know It – For anyone who has not fully understood the controversial Bitcoin yet, this is a concise and informative crash course about Money and Crypto Currencies.

What do we all have in common? No matter what corner of the world you live in, you need food, water, shelter and money. Half of every transaction involves money. In exchange for goods or services, stocks, a loaf of bread, illegal drugs; you gotta pay for it. We spend much of our lives chasing money to make a living and accomplish our dreams but it’s also an instrument of destruction, some might say evil – driving criminals to lie, steal and even murder.

The existing banking system extracts enormous value from society and it is parasitic in nature. Money is a catalyst for the worst and the best of human endeavor. Before civilization, we created currency. For Wars, the path to power champion and enemy of innovation.

Money is so integral to our society and our global economy that its true nature remains a mystery to most. This is the story of money, perhaps the end of money as we know it. No matter how fat your bank account or how thin your wallet, to us, it’s all cold hard cash. There are some who want to kill it, get rid of it, burn your dollars, your euros, your yen and transform every penny you have into ones and zeros.

Digital currency entrusted to the web and computers spread across the planet. Magic internet money is called cryptocurrency.

Bitcoin – The End of Money as we Know It examines the meteoric ascent of the revolutionary cryptocurrency which rose from the ashes of the 2008 global financial crisis. As economies, and ultimately people, struggle all over the world, Bitcoin purports to provide an antidote to a world in which money is created irresponsibly by private banks. This Kickstarter funded film dissects the underlying assumptions that we make about money, and also questions the Bitcoin advocates assertions about this new digital currency. Will Bitcoin really signify the inauguration of a new Internet-based monetary system, or is it a Ponzi scheme, another bubble waiting to burst? Several experts and economic commentators, some enthusiastic and others sceptical about the potential of Bitcoin are cross-examined as the documentary explores the question: Is this the end of money as we know it?

Collins Valentin

Collins is a blockchain enthusiast, who spends his time between documenting the blockchain revolution in Africa, and writing the latest on the cryptocurrency space. Email: editor.news@blockpublisher.com

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