Bitcoin: When Banks and Governments no Longer Control the Money

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

[pascualcaraballo]

Thanks for the educative video I'm so glad to share my experience here. I first got into BTC back in 2019 and I was hodling/buying sats at different price points. but later in 2020 I ended up selling it because I was dumb and I didn't understand it. I studied and learned and now I know how it works. Got back into crypto early in 2023 with 20k and I’m up with 300k in a short period of time .

[KateDormer]

I had problem comprehending trading in general. I tried watching other YouTube trading channels, but they made the concepts more complicated. I was almost giving up until when i discovered content and explain everything in detail. The videos are easy to follow

[AliceAnderson-inet]

You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life

[Steamerbeen]

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

[compass]

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.

[miguelperdomo]

Thank you for this great informative documentary.

[darkoilic]

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.

[bestprice]

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.

[miklodelahonda]

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.

[NUR]

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

[casiandsouza]

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

[adamoktay]

Jou need Banks and money to buy bitcoin

[CAmerica]

Bitcoin is a revolutionary technology that will soon be our future currency

[lovelysaldo]

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

[casiandsouza]

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.

[TremainWare]

this is the best video that I've come across. Where can I drop a donation to you??? you are a great fellow respect to you

[davidngugi]

That's true story just keep going through BTC.

[franknewman]

There should be no tax in crypto because it protects itself

[goverment]

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

[ASSA]

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