The Rise and Rise of Bitcoin
October. 03,2014A documentary about the development and spread of the virtual currency called Bitcoin.
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Reviews
Powerful
Nice effects though.
best movie i've ever seen.
Let me be very fair here, this is not the best movie in my opinion. But, this movie is fun, it has purpose and is very enjoyable to watch.
The Rise and Rise of Bitcoin achieves the opposite of what one would assume its goals are.Right from the start we're greeted with the Winklevoss twins. Two men best known for 'suing the Facebook guy'. After a moment is taken for them to share their attempts to enrich themselves further at the expense of others the movies narrator goes on to tell the audience he's recently spent a great many bitcoins on a Butterfly Labs bitcoin miner.Butterfly labs is one of the many now bankrupt or under investigation companies we're invited to take a look at.The Rise and Rise is documented proof that the bitcoin landscape is made up of thieves, lairs and bad actors. The few people who get involved 'out of interest' are sheep that get eaten alive by the wolves at the top of the pyramid scheme.Notable people interviewed: Charlie Shrem - now a convicted felon due to money laundering.Erik Voorhees - claims to have renounced his American citizenship and fled to Panama after selling an illegal gambling company.Gavin Andresen - employed by the notoriously corrupt 'Bitcoin Foundation' (of which many members have stepped down) to maintain the Bitcoin code.Mark Karpeles - Amazing visionary who unfortunately got caught up and had his name sullied by the vicious money hungry Bitcoin community.Roger Ver - Bitcoin Missionary.This documentary is well worth watching, it's comedy gold.
This movie is nothing but a fluff piece to pump a pyramid scheme that is already collapsing. Basically it's just a bunch of greedy pigs spewing propaganda to try to make you a greater fool in their pyramid. They are really desperate right now, because bitcoin is down over 70% in just a few months, so they need to scam more people fast before the scheme crashes completely. They are all losing huge amounts of money, and want you to join them on their misery. Just ignore them, and let them hold the hot potato till it burns their hands for good ;) Happy I could help you stay away from yet another online scam. Since there's money involved, expect the peddlers to come out in droves to try to push this get-poor-quick scheme down your throat.
Unlike the review by Mr John Bast conveys, the current market price of Bitcoin is not relevant. Even if Bitcoin drops to $1, the technology, which has already been acknowledged as "revolutionary" by the Canadian and UK Government, will continue to effect its transformative influence on the financial industry.There is a strange subset of individuals who simply despise Bitcoin, even though it is nothing more than math and software. This leads me to believe that people like Mr. Bast are just upset they missed the meteoric rise in value last November. Nevertheless, those who take the time to understand the technology, and pay attention to the incredible growth in the industry, will see that we are at the beginning of something huge.You don't have to invest in Bitcoin at all. You can just use it, and enjoy the privacy, independence, and freedom of controlling your own money without permission from any 3rd party. Therefore "pyramid scheme" is a misnomer of epic proportions.This movie is a great look into the beginning stages of the community surrounding this disruptive new technology. So much has happened since it was made, that it is already "dated", but it gives a more technical look into what's being created, and where its going. Don't be a simpleton like John and just dismiss it outright. Take the time to learn what it is, and why its going to rock the financial world in the next 10 years. This movie is a great starting point for that research.
Bitcoin may sound very abstract, but it's carried by people of flesh and blood. This movie follows some of the main players in the first years of Bitcoin. See their excitement, share their passion. Sometimes they stumble or fall, but they keep going. In between, you get to learn how Bitcoin works and what it's all about.If you want to know more about Bitcoin, but are less of a techie and more of a peoples person, this movie is for you.The only thing I missed in the part that covered 2013 is the developments in China. I can imagine that it was a bit 'out of scope' for the makers, but it felt like an omission to me, especially since its relevance for the November rally. But other than that, a great movie!