The Bitcoin [BTC] Gospel – VPRO documentary

The Bitcoin [BTC] Gospel – VPRO documentary

Is bitcoin [BTC] the blueprint for a bankless currency, or the biggest pyramid scheme ever?

When the financial world collapsed in 2008, a mysterious genius under the pseudonym Satoshi Nakamoto presented the architecture for the perfect, bankless currency. bitcoin [BTC]s can’t be forged, and can be transferred worldwide with one click of a button, without transaction costs. Up till today, nobody knows who Nakamoto is, but his invention of the first decentralized bitcoin [BTC] became world-famous within a couple of years.

‘bitcoin Jesus’ Roger Ver invested massively in bitcoin [BTC]s when they were still worth less than a dollar, and in 2013 he saw the bitcoin [BTC] exchange rate reaching as much as 1000 dollars. What’s the bottom line, now that this globally disruptive currency has grown to maturity? Is bitcoin [BTC] the blueprint for fair money, separated from banks or states, or will it be a 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.