Hacker Cinema
Banking on Bitcoin
2016 · Film · documentary · 90 min
Directed by Christopher Cannucciari
Not since the invention of the Internet has there been such a disruptive technology as Bitcoin. Bitcoin's early pioneers sought to blur the lines of sovereignty and the financial status quo. After years of underground development Bitcoin grabbed the attention of a curious public, and the ire of the regulators the technology had subverted. After landmark arrests of prominent cyber criminals Bitcoin faces its most severe adversary yet, the very banks it was built to destroy.
2 positivefrom 2 commenters
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2 comments on Hacker News
Agreed. There's a movie called "Banking on Bitcoin" currently on Netflix that I recently watched, and while it's got plenty of libertarian rhetoric, it showcases well the transition of "Bitcoin's going to fund terrorism" to "Hey, y'know those regulations I wrote to prevent Bitcoin terrorism? I'm the only one that knows them, so hire me for cryptocurrency regulatory guidance".
I know fees are higher now, but a big use case could potentially be people sending money to friends/family overseas. They're much lower fees comparing them to Western Union. Saw that in the Banking on Bitcoin documentary on Netflix, I recommend watching!