Magic Money: The Bitcoin Revolution
Is Bitcoin the way forward, or a high-risk currency with little practical value?
Exploring the revolutionary Bitcoin digital currency. It doesn’t need banks or to be printed. It can be transferred in a second to anywhere in the world. With global financial instability in the headlines daily, more and more people are taking their money away from the banks. Is Bitcoin the only way forward? Magic Money paints a future where control of our money is taken away from global institutions and given back to us. Eye opening!
Those in favour of BitCoin argue it has a key design advantage over traditional payment systems: ‘Credit cards were never built to be used on the internet in the first place,’ says computer scientist Jonathan Hope. With the mainstream financial industry now getting interested in the technology, many argue BitCoin has potential uses. ‘If Amazon accepted BitCoin, there would be no fraud … it would increase [their] profit margin,’ argues monetary scientist Trace Mayer.
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100th Monkey Films – Ref. 6891