Finance:Banking on Bitcoin

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Banking on Bitcoin
File:Banking on Bitcoin.png
Directed byChristopher Cannucciari
Written byChristopher Cannucciari and Prichard Smith
Distributed byGravitas Ventures
Running time
90 minutes
LanguageEnglish

Banking on Bitcoin is a 2016 documentary about the beginnings of bitcoin and how it evolved to be what it is today.

Production

Banking on Bitcoin is a documentary that was released on Netflix in 2016.[1] The film was directed by Christopher Cannucciari and distributed by Gravitas Ventures.[2] The official soundtrack was composed and produced by Ben Prunty.[3] For several years it was the only significant film on the subject. In July 2019 it was reported that Netflix was making a new documentary on cryptocurrency which would give broader coverage of altcoins, with interviews from experts in blockchain and cryptocurrency.[1]

Description

Banking on Bitcoin provided many people with an introduction and overview into the cryptocurrency world.[4] The film compiles statements by journalists, economists, programmers and IT entrepreneurs to give a complete view of the background of the crypto-currency, its beginnings, and how it might evolve and affect the monetary system. Some specific cases involving Bitcoin are discussed in detail.[5] These include the incident where Mt. Gox, the leading Bitcoin exchange, lost $450m in a hack, the closure of the Silk Road dark web marketplace by the Federal Bureau of Investigation and the imprisonment of Charlie Shrem for aiding and abetting an unlicensed money transfer business.[1]

The film includes many early participants in the bitcoin movement, including Charlie Shrem, Barry Silbert, Nathaniel Popper, Alex Winter, Erik Voorhees, Gavin Andresen, David Chaum, and the Winklevoss twins.[6] For dramatic effect, the film depicts Bitcoin as a movement outside the law. It also contrasts Bitcoin to the role played by the banks in the financial crisis of 2007–2008.[1]

Reception

Lincoln Michel wrote in a GQ review, "Banking on Bitcoin gives a solid overview of the mechanics and history from a digital dollars used to buy drugs on the 'dark web' to an investment opportunity that everyone and their aunt is talking about."[4] Michael Johnson's review in That Shelf said, "Banking On Bitcoin ... pretty much explains everything about bitcoin inside out and gives a deep insight into this phenomenon."[7] Sadie Williamson in Grit Daily described the film as "... a helpful introduction to the concepts of blockchain and some of the critical incidents in the history of Bitcoin."[1]

See also

References

  1. ↑ 1.0 1.1 1.2 1.3 1.4 Sadie Williamson (12 July 2019), "Netflix is Working on a New Cryptocurrency Documentary", Grit Daily, https://gritdaily.com/netflix-is-working-on-a-new-cryptocurrency-documentary/, retrieved 2020-07-04 
  2. ↑ Banking on Bitcoin, Barnes & Noble Booksellers, https://www.barnesandnoble.com/w/dvd-banking-on-bitcoin-gavin-andresen/30631031, retrieved 2020-07-05 
  3. ↑ "Bio" (in en-US). https://www.benpruntymusic.com/bio. 
  4. ↑ 4.0 4.1 Michel, Lincoln (December 16, 2017). "What the Hell Is Bitcoin? Let This Documentary on Netflix Explain". GQ. https://www.gq.com/story/what-the-hell-is-bitcoin-let-this-documentary-on-netflix-explain. 
  5. ↑ "Aprenda sobre Bitcoin viendo Netflix" (in es), infolaft (Lozano Vila & Asociados), https://www.infolaft.com/aprenda-bitcoin-viendo-netflix/, retrieved 2020-07-04 
  6. ↑ "Banking on Bitcoin (2016) - Full Cast & Crew". https://www.imdb.com/title/tt5033790/fullcredits/. 
  7. ↑ Banking on Bitcoin: A Review (September 21, 2017), "Banking on Bitcoin: A Review", ThatShelf.com, https://thatshelf.com/banking-on-bitcoin-a-review/, retrieved 2020-07-04 

External links





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