Is bitcoin the blueprint for a bankless foreign money, or the most important pyramid scheme ever?
When the monetary world collapsed in 2008, a mysterious genius beneath the pseudonym Satoshi Nakamoto introduced the structure for the right, bankless foreign money. Bitcoins cannot be cast, and will be transferred worldwide with one click on of a button, with out transaction prices. Up until at present, no person is aware of who Nakamoto is, however his invention of the primary decentralized cryptocurrency grew to become world-famous inside a few years.
‘Bitcoin Jesus’ Roger Ver invested massively in bitcoins once they have been nonetheless price lower than a greenback, and in 2013 he noticed the bitcoin change fee reaching as a lot as 1000 {dollars}. What’s the underside line, now that this globally disruptive foreign money has grown to maturity? Is bitcoin the blueprint for honest cash, separated from banks or states, or will it’s a brand new hierarchy from haves and have-nots?
Originally broadcasted by VPRO in 2015. © VPRO Backlight November 2015
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Credits: Director: Hans Busstra Research: Marijntje Denters Producer: Marie Schutgens Commissioning editors: Marije Meerman/Doke Romeijn English, French and Spanish subtitles: Ericsson. French and Spanish subtitles are co-funded by European Union.
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