CRYPTOPIA: Is Blockchain an Economic GAME CHANGER or SCAM? | Crypto Currencies

CRYPTOPIA: Is Blockchain an Economic GAME CHANGER or SCAM? | Crypto Currencies | FD Finance

Published 2024-05-05

Cryptopia: Bitcoin, Blockchains and the Future of the Internet | Crypto Currencies | FD Finance

Curse or Blessing? - The Turbulent History of the EURO: • Curse or Blessing? - The Turbulent Hi...

In the same way that the first applications of computer technology can now look primitive and undeveloped, the same will likely be said about blockchain and the current focus on cryptocurrencies. The potential is so vast and expansive that it is difficult to fathom, while also being widely misunderstood.

Put simply, blockchains are shared ledgers that don’t require any trusted third-party administrators; transactions or data can be accessed transparently and are said to be incorruptible. Blockchain technology has the potential to become a foundation of every business interaction that requires trust and co-operation – but is there more to it?

Cryptopia: Bitcoin, Blockchains and the Future of the Internet takes a deep dive into the crypto ecosystem and blockchain technology to discover the good, the bad and the ugly of this controversial industry, its major narratives, conflicts and the major players behind it. Can we really trust them to build this trustless cyber utopia or are their projects just as unfairly distributed and easily manipulated as our current financial systems and tech platforms?

Beginning with the basics of Bitcoin and the origins of the blockchain movement we highlight the recent debate within the community: Is Bitcoin digital gold, a new asset class to invest in or is it the global currency of the Internet? In the second act, we explore other crypto currencies and the many different uses of blockchain technology including the new concept of smart contracts. Finally, we look at the history of the Internet to show what developments have lead to our current crisis of mega-corporations controlling information.

While some see the development of blockchain-based systems as having the potential to take down the Facebooks and the Amazons, and decentralise governance – leading to calls for regulation – others fear that the technology will be co-opted, privatised and derailed by these same forces.

While some see the potential for transparency and the removal of lawyers, bankers and wall street from our lives, others see greater opportunities to scam and defraud.

Can blockchain technology be used to create a new, fairer, decentralised and uncensored web3.0 where we can control our data and protect our online identities? Or will the potential be squandered as mega corporations once again compete for dominance in this new field.

With his unrivalled and exclusive access, award-winning filmmaker Torsten Hoffmann (Bitcoin: The End of Money as We Know It) takes us on a journey into the heart of this brave new world.

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@FlamingBasketballClub 2 months ago

In July 2021 El Salvador became the first country to pass a law making Bitcoin legal tender. 🇸🇻

@Huru_ 2 months ago

How old is this video?? I remember seeing these animations years ago... Is this a repost? Was this even done by you? EDIT: seems like this is the follow-up of that older documentary (which title I can't remember atm). Released around 2019 from the sources shown.

@buggin33 2 months ago

Video is so quiet… it’s goes to an advertisement and it makes me never want to watch a video again. Try to calibrate your video to the YouTube advertisements, helps retention Great video though just hope I can hear for the next one

@saintpatrick6681 2 months ago

all of the above depends on when the music stops.

@ryanziller220 2 months ago

Cryptocurrencies and cryptosecurities can advance the abilities for corporations of any filing type to issue officiated private credit to market-makers or merchants in much the same way that Visa was created by Bank of America to facilitate the decentralization of electronic payment systems. Contrariwise, Bitcoin is a pump and dump scheme that benefits from the revolutionary technologies of the blockchain in relation to the generation of cryptocurrency.