Bitcoin Documentaries on Netflix
Bitcoin has been around for a long time, but it is only in the last year or so that it has become relatively mainstream. If you would like to know more about Bitcoin and would like to have some idea of what it is, what “blockchain” means, how Bitcoin is different to other forms of money transfer, and why it is soaring in popularity and value, then why not watch some good bitcoin documentaries about it?
For those hungry for more spicy cryptocurrency knowledge here is a comprehensive list of the best bitcoin documentaries available to watch online, on Netflix, Amazon Prime, and YouTube: https://www.smartbitcoininvestments.com/bitcoin-documentary-list/
There are many other bitcoin documentaries out there, though – The Rise and Rise of Bitcoin is one that is quite interesting – especially since it was published in 2014. Another is Bitcoin: The End of Money as We Know It, which was published in 2015, and for those who are looking for something a little bit more recent, there is the documentary that was published this year, called Magic Money: The Bitcoin Revolution.
The Netflix documentary focuses a lot on Satoshi, rather than on anything about the future of the currency. The End of Money as We Know It might perhaps be a more interesting documentary for those who are wondering where cryptocurrencies are going.
Bitcoin is a strange and interesting currency. The anonymous nature of it makes it useful for people who need to be able to send and receive money without having to worry about being traced. The fact that it is not tied to a central bank means that it is, in many ways ‘more secure’ and protected from the vagaries of international currencies.
Bitcoin is hugely volatile – so far, the value of the currency has been trending upwards, but since it does not have any intrinsic value there is no guarantee that it will stay that way. There are some skeptics who think that the whole cryptocurrency thing is a bubble and that it will burst in the near future as people realize that the currency only has value because other people feel that it has value. Certainly, with the slow transaction fees, it is not easy to pay for anything that you need with any urgency using Bitcoin. However, that does not mean that Bitcoin is not going to become useful in a few year’s time. The idea behind the Blockchain is that it is decentralized, secure, and impossible to hack. That’s an admirable idea and it is something that we can expect to see change the world, change banking, and impact retirement accounts over the next few years. Whether Bitcoin will be the currency that takes over, or we will end up making our fortunes out of some other currency such as Ethereum or even one of the weird and wonderful altcoins such as SelfieCoin or Dogecoin remains to be seen – but all of those coins have a place, and there could be a future in cryptocurrency even for those of us who missed out on the early Bitcoin boom.
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