Bitcoin: When Banks and Governments no Longer Control the Money
ฝัง
- เผยแพร่เมื่อ 20 พ.ค. 2024
- 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 - บันเทิง
Beautiful concept. BTC = no more corrupt middlemen or entities.
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...
Fix the money fix the world.
Money isn't the problem, people borrowing money they can't repay is the problem.
@@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.
@@stevenlevernier7357banks lending money that was created by the loan is the problem.
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.
Thank you 💪😊👍
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".
You're a banker of course, but in physical money we have seen till today all sides of illegal activities
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?
@@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.
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.
There should be no tax in crypto because it protects itself
They can’t tax what they can’t control.
Thank you for this great informative documentary.
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.
Thank you.
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.
Jou need Banks and money to buy bitcoin
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
Berita yang baik saya ikut mensupport semoga bitcoin baik dan halal untuk di gunakan
Ayyyyeeee my boy Charles @28:08
Wonderful documentary!
That's true story just keep going through BTC.
Hello Best Documentary
I want you to make a Comparison Video About Bitcoin & Pi Network
#bitcoin
& #monero
perfect
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?
Only OG’s recognized the young Jeff berwick around 0:55
Except they still do. Every transaction is recorded and mostly traceable. Look how they tax crypto.
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
Can a Satoshi be considered as a unit of value/price?
Yes .. I believe 100 million SATs or Satoshi per Bitcoin 🤔
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.
long live the best money ever made.
I love it ❤❤❤❤❤❤❤
Great documentary, enjoyed.
Study bitcoin 🧡✌️
Love bit coin , needs to be highly simplified for the masses .
YES BUT IF THEY DID THAT NOBODY WOULD BE BUYING IT. 😂 🤣 😂
Sack tomatoes for 100 dollar!
milton knew
It is never goimg to be decetralized, and it was invented by the same people at the top at the right time.
O ser humano, uma grande parte, nao e confiavel, por isso que cada vez mais, existem controles.
Controles feitos por quem mesmo? ah, seres humanos....
Excellent. Well done!
best video...pack it up
We saw just the bright side of Bitcoin how about the dark side of the currency ???
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
@@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
Kaspa coin new proof of work
Fabulous material. Thank you. just makes me wonder - when will we see an attempts to make private posession of BTC illegal...
It will be civil war at this point 🤔
As long as crypto fluctuates wildly, smart people will know the goal will be to sell it for a profit, rather than spending it.
Algorithm trading bots will smooth out the market so there’s no gains to even make anymore
@@christianjon8064 Long term, there is
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.
Have you even read the reason why Bitcoin was even made?
@@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?
@@MrVohveliexcellently put. The ONLY way people are making money with digital bull CRAP are in derivatives. It's such a ponzi scamm
@@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.
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.
Money made at home?
Make your own cryptocurrency!
No, it’s a digital ledger. Nothing more nothing less.
Go Bitcoin!! Awesome
Bitcoin is the best 😅
Yes, like China does with so-called social credit
BTC is the exact opposite of "what we have" in the financial world: decentralized, anti-inflationary, and not controlled by governments.
5thScape is on a redemption arc, hoping it doesn't end like my last crypto crush 😬🔥
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?
Ship your tomatoes to me, now! I will deliver a kilo wagyu.
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 💪🤠🤙
Hopefully all govt transactions will be on bitcoin ledger, for better transparency
I'm buying bitcoin out of fear.
Because you are SMART!!
Petro US-D will be end... end .. Ending ❤❤❤❤
Bitcoin....pack it up
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.
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.
Bitcoin 😭Baby........ Bitcoin 🤔👍🌎 😱 Rollercoaster 🎢 😩ride
You never had to bail out bitcoin...
Money is still the foundation of Bitcoin, Money is very much to do with banks can't deny
Of course 🤔 genius 👏👏👏Bitcoin is on 10 years old not 50years adoption
This documentary failed to answer one question I have…..when moon?
Okay, Bitcoin controlled by people and people controlled by AI
That's how I met your mom and your okay 👍😘👌
#3, not bad !
Quando uma pessoa e sequestrada, se ela tiver um chip, sera rapidamente encontrada.
❤
They will biy all the Bitcoin. Price will stabilize at insane high price. Will issue paper backed by Bitcoin
But when electricity goes out then what?
Then banks won’t be able to function 🤷♂️
Then you won't be able to watch your gay porn
''arbatary rul-''
north korea: da fuq you say?
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.
Нет интернета - нет биткоина 😂 нет электричества - нет биткоина 😂 ненадежное средство спекуляции , как и деньги на счетах в банках и карточках. То же самое
HAHAHA O tempo todo tem noticias sobre fraudes.
What for? To the title.citizens rise.
100,000,000 % excellent 👌😊👍
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.
Blackrock buying it wake up
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
Can't buy a loaf of bread with a scrap of gold too 😂
Without regulation the bitcoin will be a Very risky place to [ut Your heard earned money
The algorithm underlying bitcoin was developed by the NSA so they may not control bitcoin but they can spend anybody's coins potentially.
bullshit
How does one control an algorithm? They created it, but no one can control math.
If you want to stop the government buy bitcoin
B & G always control, cryptos are a trap for fools.
Who is B & G?
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.😅
The cost of mining 1 bitcoin follows the actual value
Lmao! Can you please let me know where I can sign up? I will pay triple this mining cost.
BTC is not bitcoin.
BSV!
$800 hahahaha now at 30k. soon 300k then 3m
como faço para conseguir esse lucro
13:56 - "Bitcoin $400,000" lol
Bitcoin to ... 1 bitcoin as always .... fiat dénomination is useless ... already lost 60% of its value in 3 years ...
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!
BTC will die the very second CBDC comes into play.
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. 😊
CBDC's will only turn even more people to Bitcoin.
@@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.
Cbdc is a stabel coin same shit as usd, euro...1usd=1cbdc, 1btc=25000cbdc
@@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.
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.
The Cartels love Bitcoin
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.
The also live fiat money
Comments have a lot of scammers. Clear those out dude. Give a shit about your viewers lmao.
Btcoin è perfettamente = al dollaro .: non vale nulla Btcoin non vale niente il dollaro
Bitcoin runs on energy, ummmm I'm pretty sure it can be shut down.😅seriously people read a book.
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
😂😂😂
I think we can safely say this is a very thinly-veiled, hour-long advert for bitcoin masquerading as a documentary.
First!!
It is not possible to create à "bubble" on bitcoin (fixe supply) 😂
BITCOIN / BTC = Beta International Test Coin 🤫🤫🤫🤫
btc will go to ZERO
Still not backed up by Gold so it's worthless