Bitcoin: When Banks and Governments no Longer Control the Money

Рет қаралды 100,085

Күн бұрын

Documentary about the cryptocurrency Bitcoin. What is Bitcoin? With the advent of Bitcoin, the world's premier digital currency, for the first time in history money is no longer controlled by banks or governments, but by the people who use it.
Bitcoin: When Banks and Governments no Longer Control the MoneyBitcoin: The Potential Disruption of Traditional Banking and Government Control over Money
0:00 💰 The internet has the potential to reduce the role of government through the development of reliable e-cash like Bitcoin.
4:09 💰 The video discusses the transition from the gold-backed monetary system to the current fiat currency system and introduces Bitcoin as a digital currency and payment system.
8:09 💰 Bitcoin is a unique digital currency that cannot be created out of thin air, and its value is derived from the productive capacity of developers and its unconfiscatable nature.
11:51 💰 Bitcoin is a decentralized digital currency that allows for peer-to-peer transactions, eliminating the need for intermediaries and giving individuals control over their money.
15:39 ! Bitcoin's price volatility and its potential as a global currency are discussed.
19:41 💡 Blockchain and Bitcoin have the potential to revolutionize various aspects of society, including government functions, ownership of assets, and financial inclusion.
23:39 💰 Bitcoin has the potential to revolutionize payment systems, improve access to products and services, and provide monetary sovereignty outside of government control.
28:39 💰 The rise of cryptocurrencies and blockchain technology could potentially disrupt the traditional banking system and lead to a cashless society, but there are concerns about centralization and loss of privacy.
31:33 💰 The purpose of a blockchain is to remove control from a central party and give the market the choice of what kind of money to use.
Director: Tim Delmastro

Пікірлер: 186

@Steamerbeen 8 ай бұрын

Beautiful concept. BTC = no more corrupt middlemen or entities.

@1AnonA1 7 ай бұрын

except for it being controlled and regulated by the european bank in europe. Dutch Bank controls it in the Netherlands.. i dont see how this is called decentralized...

@thaidude 8 ай бұрын

Fix the money fix the world.

@stevenlevernier7357 8 ай бұрын

Money isn't the problem, people borrowing money they can't repay is the problem.

@charlessmith4381 7 ай бұрын

@@stevenlevernier7357Elastic money that robs people of their savings is the problem. The credit bubbles are problem. Repaying a loan when the bubble bursts is a symptom of the real problem.

@compass5507 7 ай бұрын

As one who works for a bank, the argument that BTC is fraudulent or encourages money laundering or other illegal activities is an absolute joke. Bankers deal with fraud EVERY DAY. A banker will handle10,20, sometimes up to 40 fraud cases a week. That's our fiat system.

@danielalvarado3169 7 ай бұрын

Thank you 💪😊👍

@pepelapiu2004 5 ай бұрын

Ha! Let me tell you my story. I am a p2p trader on a site called HodlHodl. Some buyer paid me with a fraudulent EMT. Basically, he stole Bob Smith bank login, and he used the stolen login to buy Bitcoin from me. Now if someone can break into your bank account with stolen login, that sounds like a bank problem to me. If someone can buy something (anything) with stolen bank login, that sounds like a bank fraud to me. But as soon as my bank found out what the EMT was for, it suddenly became a "crypto fraud".

@imadsoutaji4394 Ай бұрын

You're a banker of course, but in physical money we have seen till today all sides of illegal activities

@erdemulubas Ай бұрын

What does a banker say to the fact that the market cap of cryptos probably will pass 3 trillion usd this year and that money won’t be coming back to the banking system again. If this number keeps increasing over the next 10-20 years where do you see the future of a bank?

@compass5507 Ай бұрын

@@erdemulubas IMO, banks will eventually go away, but they won't leave without a massive fight. As long as we use our fiat system, people will cash out their crypto to pay debts, buy goods and services, and to reinvest in other ventures. At some point, a critical mass of merchants needs to accept payments in crypto...then the banks will vanish. Also, the older generation needs to move on as they are not functional in a crypto system.

@miguelperdomo1573 8 ай бұрын

Thank you for this great informative documentary.

@frankoskovia 20 күн бұрын

Wonderful documentary!

@franknewman1587 8 ай бұрын

There should be no tax in crypto because it protects itself

@joshuavannorman4150 7 ай бұрын

They can’t tax what they can’t control.

@darkoilic22 8 ай бұрын

As with any human invention, it has the potential to do good or to do evil. I sincerely hope that Bitcoin and other cryptocurrencies will help humanity achieve a just and fair society.

@rahulsham4014 7 ай бұрын

Ayyyyeeee my boy Charles @28:08

@lovelysaldo2535 8 ай бұрын

Hello Best Documentary I want you to make a Comparison Video About Bitcoin & Pi Network

@davidngugi8533 13 күн бұрын

That's true story just keep going through BTC.

@willmallory9085 10 ай бұрын

Thank you.

@deromeme 8 ай бұрын

Only OG’s recognized the young Jeff berwick around 0:55

@casiandsouza7031 7 ай бұрын

There is no intrinsic value as value is an abstract mental phenomenon. Consequently, value alters as the mind's priority alters. Commodities have intrinsic qualities that the mind may value. Money is a token for value which inflates or deflates with no change to the token.

@Vivrelaliberte 7 ай бұрын

I love it ❤❤❤❤❤❤❤

@goverment457 8 ай бұрын

I dont get it think about if gold was "invented" at an defined amount. So we say on the world there is 100gold at first its cheap so one buys 50% and holds now 50% of all gold forever? So who buys first rules the curency

@HowardARoark 10 ай бұрын

Great documentary, enjoyed.

@adamoktay 8 ай бұрын

Jou need Banks and money to buy bitcoin

@Calvin-xp4qp 3 ай бұрын

it's interesting to look back at prior and current Legislators who scoffed at Bitcoin. Wouldn't doubt most politicians are whole coiners by now

@DanJohnsonAffordableAviation 4 ай бұрын

Excellent. Well done!

@NUR25762 10 ай бұрын

Berita yang baik saya ikut mensupport semoga bitcoin baik dan halal untuk di gunakan

@casiandsouza7031 7 ай бұрын

Legal? Legislation is an administrative tool that is only as honest/just as the administrator wielding it. How can administrators operate with bitcoin? Can the military industrial complex transition to BTC?

@Kaybe23 10 ай бұрын

#bitcoin & #monero perfect

@san0nymous 9 ай бұрын

Except they still do. Every transaction is recorded and mostly traceable. Look how they tax crypto.

@bestprice1776 2 ай бұрын

It's sad to think it will take them that long, but the average person that doesn't understand Bitcoin or thinks that it is a scam will eventually figure it out when they go to a store and everything is priced in Bitcoin.... just a matter of time.

@miklodelahonda15 6 ай бұрын

It's funny cause. It's not anonymous.. everyone praises BTC and all other cryptos.. but in reality it's just another way to see how much they can tax you on.. with every wallet or exchange asking for KYC.. there goes your anonymity. We banned all the privacy coins on every exchange... that's why physical cash is king and will always be king for as long as it last.. reason why everyone is pushing crypto and now digital cash.. you will never have privacy again.

@casiandsouza7031 8 ай бұрын

Can a Satoshi be considered as a unit of value/price?

@danielalvarado3169 7 ай бұрын

Yes .. I believe 100 million SATs or Satoshi per Bitcoin 🤔

@panichetto 7 ай бұрын

Study bitcoin 🧡✌️

@jamess.2649 7 ай бұрын

Go Bitcoin!! Awesome

@harryaarrestad583 10 ай бұрын

Love bit coin , needs to be highly simplified for the masses .

@TRICK-OR-TREAT236 10 ай бұрын

YES BUT IF THEY DID THAT NOBODY WOULD BE BUYING IT. 😂 🤣 😂

@richard.monroee 10 ай бұрын

Sack tomatoes for 100 dollar!

@BlessedCammi 10 ай бұрын

long live the best money ever made.

@gunz7108 8 ай бұрын

Kaspa coin new proof of work

@MACTOPTIP 9 ай бұрын

O ser humano, uma grande parte, nao e confiavel, por isso que cada vez mais, existem controles.

@phlorenzom3632 2 ай бұрын

Controles feitos por quem mesmo? ah, seres humanos....

@Feddy_not_Freddy 8 ай бұрын

It is never goimg to be decetralized, and it was invented by the same people at the top at the right time.

@domdom7084 7 ай бұрын

Fabulous material. Thank you. just makes me wonder - when will we see an attempts to make private posession of BTC illegal...

@danielalvarado3169 7 ай бұрын

It will be civil war at this point 🤔

@rodolfoandrade4708 7 ай бұрын

Yes, like China does with so-called social credit

@69pepe420 10 ай бұрын

milton knew

@wyva9845 Ай бұрын

Hopefully all govt transactions will be on bitcoin ledger, for better transparency

@khamtran5204 7 ай бұрын

Petro US-D will be end... end .. Ending ❤❤❤❤

@gersonthadeuferreira4600 8 ай бұрын

Money made at home? Make your own cryptocurrency!

@cryptoinu 10 ай бұрын

best video...pack it up

@shoutingintotheabyss348 8 ай бұрын

No, it’s a digital ledger. Nothing more nothing less.

@randomaccessmemories311 10 ай бұрын

As long as crypto fluctuates wildly, smart people will know the goal will be to sell it for a profit, rather than spending it.

@christianjon8064 8 ай бұрын

Algorithm trading bots will smooth out the market so there’s no gains to even make anymore

@TheAdamAdy 7 ай бұрын

@@christianjon8064 Long term, there is

@MrVohveli 9 ай бұрын

Crypto-currency, the solution without a problem since 2009. 14 years later adoption still hasn't happened and ironically, the "hodling" that is so popular in crypto is actually the reason it's not adopted: nobody is transacting in Crypto because everyone is just hodling in hopes of striking rich.

@zaberfang 8 ай бұрын

Have you even read the reason why Bitcoin was even made?

@MrVohveli 8 ай бұрын

@@zaberfang I have and it does nothing to mitigate the issues: Bitcoin itself cannot be used as money, as the network cannot handle the transaction volume for consumer transactions. If it ever gets to the point of becoming legal tender, governments will simply vote to have BTC or copy paste the code, swap the assets from what ever to the new money: Everyone will pick the new currency, because why on earth do I want to make the early investors rich while I get nothing, and the code and infrastructure is easily copied - as witnessed by the thousands of coins. So did you actually think about it or are you hoping to get rich without working?

@halColombo 8 ай бұрын

@@MrVohveliexcellently put. The ONLY way people are making money with digital bull CRAP are in derivatives. It's such a ponzi scamm

@halColombo 8 ай бұрын

@@zaberfangYOU NEED to understand that bitcoin would be ILLEGAL if it has ANY benefits to the poorest people. It's a way for banks to Rob you legally.

@ren7sp25 8 ай бұрын

Governments have no incentive toncopy paste the code. The whole point of btc is that it's outside of anyone's reach and especially a government. They would have to start mining the new btc, only to notice that it's totally unnecessary because they want control, so they could just mint whatever Coin without all the hassle.

@southernserenity 10 ай бұрын

Okay, Bitcoin controlled by people and people controlled by AI

@danielalvarado3169 7 ай бұрын

That's how I met your mom and your okay 👍😘👌

@zillenials 7 ай бұрын

Bitcoin is the best 😅

@ASSA727 8 ай бұрын

We saw just the bright side of Bitcoin how about the dark side of the currency ???

@dennismisovski9932 8 ай бұрын

Right!! It cost $5 dollars to buy a cup of coffee to use Bitcoin, unless you use the lighting network layer 2 for small payments, which is like using a third party or a bank account, it’s pointless really, defeats the purpose

@Knowthyself1013 4 күн бұрын

@@dennismisovski9932 The purpose of Bitcoin is that no one can touch your money without your permission. The transactions can't be changed or edited. Meanwhile with the USD currency, The government and the Central banks has a say so over the money you've earned. Things like taxes, being able to change the amount of money you get, telling you what you can or cannot buy, freezing your bank account, etc. Keeping a third party from control the money you earn is what Bitcoin is about

@CoolGirl007 10 ай бұрын

Money is still the foundation of Bitcoin, Money is very much to do with banks can't deny

@danielalvarado3169 7 ай бұрын

Of course 🤔 genius 👏👏👏Bitcoin is on 10 years old not 50years adoption

@giovannisantostasi9615 5 ай бұрын

BTC is the exact opposite of "what we have" in the financial world: decentralized, anti-inflationary, and not controlled by governments.

@ChrisPelletier73 10 ай бұрын

This documentary failed to answer one question I have…..when moon?

@jasonroberts2049 8 ай бұрын

I grew a tomatoe in my backyard. I grew it because it has physical value. I grew it because people who raise cows like the eat tomatoes. I like to eat beef, so I barter with the cow people to get as much beef as I can for my tomatoes. No bitcoin, Gold or USD needed. I now have beef, and people who don't have tomatoes, now have tomatoes. Barter and trade. So why is bitcoin needed?

@00pepexxx 8 ай бұрын

Ship your tomatoes to me, now! I will deliver a kilo wagyu.

@danielalvarado3169 7 ай бұрын

I bought a whole cattle ranch with Bitcoin 🤔👍🌎 the cattle we're free you're right 😂👍 still can't get Moo'z with Bitcoin... I'll just enjoy my tomatoes garden salad I made with garden that I have in my 800 + cattle ranch 💪🤠🤙

@tompeeters8450 7 ай бұрын

The guy in the intro is NOT talking about Bitcoin BUT HE IS IN FACT talking about Monero. Bitcoin is the opposite of anonymity nowadays, where Monero transactions are still to this day completely anonymous. This is the true internet money not Bitcoin.

@danielalvarado3169 7 ай бұрын

Bitcoin 😭Baby........ Bitcoin 🤔👍🌎 😱 Rollercoaster 🎢 😩ride

@myceliumtechno 10 ай бұрын

I'm buying bitcoin out of fear.

@edihayat 7 ай бұрын

Because you are SMART!!

@cryptoinu 10 ай бұрын

Bitcoin....pack it up

@davidngugi8533 13 күн бұрын

❤

@SamanthaJohns-bb4zk 25 күн бұрын

5thScape is on a redemption arc, hoping it doesn't end like my last crypto crush 😬🔥

@stevenlevernier7357 8 ай бұрын

You never had to bail out bitcoin...

@andrebashmakov5820 4 ай бұрын

Нет интернета - нет биткоина 😂 нет электричества - нет биткоина 😂 ненадежное средство спекуляции , как и деньги на счетах в банках и карточках. То же самое

@MACTOPTIP 9 ай бұрын

Quando uma pessoa e sequestrada, se ela tiver um chip, sera rapidamente encontrada.

@Duckfliper 10 ай бұрын

First!!

@AlfaTheRaccoon 10 ай бұрын

''arbatary rul-'' north korea: da fuq you say?

@MrSniganoo 7 ай бұрын

Never going to happen. Not in my lifetime anyway. I am a fan of Bitcoin but it will become part of the monetary system, it won't supersede it. Just my opinion.

@adielstephenson2929 6 ай бұрын

I think we can safely say this is a very thinly-veiled, hour-long advert for bitcoin masquerading as a documentary.

@roney4433 7 ай бұрын

But when electricity goes out then what?

@ironic_spurs_fan6770 2 ай бұрын

Then banks won’t be able to function 🤷‍♂️

@Jennieturnsmeon Ай бұрын

Then you won't be able to watch your gay porn

@danielalvarado3169 7 ай бұрын

100,000,000 % excellent 👌😊👍

@TribalCashAA 10 ай бұрын

The algorithm underlying bitcoin was developed by the NSA so they may not control bitcoin but they can spend anybody's coins potentially.

@bazzle_brush 10 ай бұрын

bullshit

@paulogrind 10 ай бұрын

How does one control an algorithm? They created it, but no one can control math.

@holycow3355 10 ай бұрын

#3, not bad !

@chrisleon7153 10 сағат бұрын

If you want to stop the government buy bitcoin

@MACTOPTIP 9 ай бұрын

HAHAHA O tempo todo tem noticias sobre fraudes.

@supremebeme 10 ай бұрын

I've been following a company called Metallicus in the US since 2017. I really think they will be a huge player in blockchain and banking industry soon.

@user-py6ql2lg6w 9 ай бұрын

What for? To the title.citizens rise.

@mikemiller659 10 ай бұрын

Without regulation the bitcoin will be a Very risky place to [ut Your heard earned money

@c46236 9 ай бұрын

No one pays you in Bitcoin and if they do, you can't buy bread with it. In this sense crypto is a joke. Bitcoin particularly follows the 10y-2y yield curve, prof that is not money is sentiment. Feelings won't feed or make you more wealthy, it's all about how you use them to make money.

@8eighttt. 8 ай бұрын

Blackrock buying it wake up

@danielalvarado3169 7 ай бұрын

So we're credit cards I the beginning.. you could only use it towards the down payment that was huge for a car a house or a boat couldn't buy groceries clothes maybe jewelry as long as it was expensive by excetera excetera and now you could go buy toilet paper with it so you can wipe your ass.. hope this clears a little bit off for you and miss you understand how things could smell but in the end it will be clean and useful ... 🐎💩💩💩 Cheerz

@MyMKIV 4 ай бұрын

Can't buy a loaf of bread with a scrap of gold too 😂

@charlessavoie2367 8 ай бұрын

B & G always control, cryptos are a trap for fools.

@jmsjms296 7 ай бұрын

Who is B & G?

@RantzBizGroup 10 ай бұрын

BTC will die the very second CBDC comes into play.

@gamerscubeixxi2152 10 ай бұрын

CBDC is a stable coin , Bitcoin is a better store of value and rarity, a CBDC can be an infinite supply. So your very very very wrong. 😊

@paulogrind 10 ай бұрын

CBDC's will only turn even more people to Bitcoin.

@RantzBizGroup 10 ай бұрын

@@gamerscubeixxi2152 there has never been a time where competing currencies were allowed by Central governments. BTC will be eliminated as currency and money when the CBDC comes into play.

@relaxwithbogo5579 7 ай бұрын

Cbdc is a stabel coin same shit as usd, euro...1usd=1cbdc, 1btc=25000cbdc

@gamerscubeixxi2152 7 ай бұрын

@@RantzBizGroup CBDC is only as powerful as those who adopt it. I know I won’t. Just because a product is available, doesn’t mean I need to use it. Especially knowing they can stop your transactions, monitoring every transaction you can think of and essentially taking away any freedom of choice you would have. Plus it can be minted into oblivion. Think unlimited debt 💸. Yay , more slavery for the masses under CBDC.

@jasonroberts2049 8 ай бұрын

It cost $800 to make a bitcoin, but each bitcoin carries value much higher than the mining cost... sounds like a central bank to me.😅

@nicholasgonzo 8 ай бұрын

The cost of mining 1 bitcoin follows the actual value

@TheHeavymetalthunder 7 ай бұрын

Lmao! Can you please let me know where I can sign up? I will pay triple this mining cost.

@FloydMaxwell 10 ай бұрын

13:56 - "Bitcoin $400,000" lol

@antoined6364 9 ай бұрын

Bitcoin to ... 1 bitcoin as always .... fiat dénomination is useless ... already lost 60% of its value in 3 years ...

@DB-gf5gu 8 ай бұрын

BTC is not bitcoin.

@lamontmoore113 7 ай бұрын

BSV!

@jacobcollins3954 9 ай бұрын

$800 hahahaha now at 30k. soon 300k then 3m

@franciscobruno1847 9 ай бұрын

como faço para conseguir esse lucro

@alf8718 8 ай бұрын

What a stupid commercial for Bitcoin! IT's not the Bitcoint, digital crypto currencies perhaps (maybe soon), but ONLY and only when they are supported by some institutions and peolpe we know and can trust (at least to some extent) anc are backed by some real value!

@TennesseeEcoman 6 ай бұрын

The internet as we know it today is largely part because of Tennessean AL Gore. The world owes a lot to Tennessee. Don’t ever forget that.

@simusocat 10 ай бұрын

The Cartels love Bitcoin

@maaguilar 9 ай бұрын

The cartels love cash and banks. That’s the way most dirty money moves around the world. Every single transaction of Bitcoin is kept registered publicly for eternity. For that reason, criminals stay away from Bitcoin. Most exchange hacks have been solved for the same reason.

@nicholasgonzo 8 ай бұрын

The also live fiat money

@jasonroberts2049 8 ай бұрын

Bitcoin runs on energy, ummmm I'm pretty sure it can be shut down.😅seriously people read a book.

@gianniscalese3359 8 ай бұрын

Btcoin è perfettamente = al dollaro .: non vale nulla Btcoin non vale niente il dollaro

@dancovrboski9135 9 ай бұрын

Bitonot I lokymot gogel 2022 godina danso vrboski SM prlep USA dobivkta mye 02posto sə do 2029godina.usa stars ym 63 godini babata ə 46 godini ə dedo so vnyka I vnyk want to so majkamy 93. Wkolo nemam osnovno. Vadredn