The Rise and rise of Bitcoin

Filmmaker: Nicholas Mross

Daniel Mross is a computer programmer from Pittsburgh, who – along with balancing work, marriage, and raising three boys – spends much of his time involved in everything related to Bitcoin.

When he discovered the crypto-currency in 2011, it opened up an uncharted world of new possibilities for him to explore.

“It’s fascinating to imagine what it means to have global decentralised money,” he says.

In this two-part documentary, we go inside the complex world of Bitcoin to explore the social and political impact of an open-source digital currency and ask if it could create a monetary paradigm shift that will forever change the world. 

What is Bitcoin and who invented it?

Bitcoin, much like the internet in 1994, is not easily explained or understood. Its advocates compare the technical innovation to that of the World Wide Web. But while the internet changed the way people communicate, Bitcoin changes the way people view and use money. 

Bitcoin was created to provide an alternative to the banking system. It is an open accounting system that allows thousands of computers from around the world to track ownership of digital tokens – the Bitcoin – as part of a purchase transaction.

All transactions are visible to Bitcoin users and,

Read more ... source: TheBitcoinNews