For thousands of years, governments have been issuing currencies as an accounting system. Everything is regulated to ensure strict adherence to financial rules that keep the world in one piece. Then, in 2008, in the heat of the global financial meltdown, some guy invented and published bitcoin, and the world will never remain the same again.
Is Bitcoin a Threat?
Banking on bitcoin is a film about the most important invention since the internet, bitcoin. As bitcoin begin to gain relevance, many people joined in, making the value to increase astronomically. But this poses a threat to the system as fringe utopists start to crack down on some of the early adopters and their activities. The battle line has been drawn between capitalist and bitcoin optimists as their struggle will help shape and define the future of money.
The financial world is unpredictable and is experiencing a total collapse. Bitcoin came and offered an option never before seen. The public accepts the coin, and there begins the future of currency. Government agencies who are afraid of what people could do with a decentralized monetary system begin to arrest cyber criminals.
Just A Prediction To What Our Banking System Would Look Like In the Future
Banking on bitcoin offers a deep insight into the most disruptive technology since the internet, bitcoin. It is a decentralized ledger that keeps the records of accounts of transactions without any monitoring or regulations.
Banking on Bitcoin discusses the beginning of the recent financial crisis and how it was caused by the carelessness and recklessness of the banking systems and the regulators. The movie explained how bitcoin came into the picture and changed everything, offering people the power to make financial transactions on the digital landscape. It also talks about the public reception of bitcoin and how cybercriminals got into the picture, which triggers arrests and detentions due to money laundering.
Banking on bitcoin offers clues on how the banking system regard bitcoin and how they are prepared to bring it to it kneels. Bitcoin already suffered losses worth billions across the world due to the hacking of systems holding ledger accounts and wallets. But many people are still very optimistic about the benefits the coins has to offer in helping the people of the world keep their financial independence in their own hands.
Save and watch Banking on Bitcoin and learn about the impact of the technology, why you need to take part in it, and what the future holds. The film is recommended for everyone who wants to know the future of money.