Banking on Bitcoin, a documentary about one of the most disruptive technologies to come about since the internet was first invented. This open source software started out with a few pioneers who wanted to blur the lines of sovereignty by making a new electronic currency which has now caught the attention of the world, everyone from hairdressers to investment bankers want a piece of the action as we see in this bitcoin documentary movie.
Like the infamous BitTorrent technology, Bitcoin also users peer-to-peer networking allowing it operate with no central authority and no banks having to manage transactions. The payment network is completely self-governed by the software which also means that nobody actually controls Bitcoin as the official website states.
The 2016 BitCoin documentary “Banking on Bitcoin” examines how far the technology has come, from its early days of being used by a few geeks to a massive player in the world today, being adopted by businesses as the preferred payment methods for goods left, right and centre. The value of BitCoin has increased enormously since it’s inception, meaning a person owning a just a couple of thousand "coins" 10 years ago could easily be a billionaire now.
With that said BitCoin sounds like it could be too good to be true. Some financial experts including Warren Buffet have said that BitCoin is an elaborate Ponzi-like scheme and a bubble that will eventually burst leaving only a few at the top to profit enormously.