Watch Bitcoin: The Future of Money and Facebook's Libra

Bitcoin: The Future of Money and Facebook's Libra is a 2019 documentary film starring Deryn Oliver. The film aims to explore the rise of digital currencies and their potential impact on the global economy. The movie begins by introducing the concept of Bitcoin and its origins. It outlines how the currency was created in response to the 2008 financial crisis and how it works as a decentralized currency that operates independently of central banks. It is a combination of complex mathematical algorithms that ensure its security and allow it to operate without any central authority. The film touches on the idea that Bitcoin is a way to free people from the shackles of traditional banking and provides an affordable, more inclusive financial system for everyone.

The movie highlights the benefits behind the technology underpinning Bitcoin, known as blockchain. The blockchains are digital ledgers that keep track of every single transaction made, providing a level of transparency that traditional financial systems cannot match. The film suggests that the use of blockchain technology could revolutionize supply chains, voting systems, and any other industry that requires transparency, security, and immutability.

The documentary goes beyond Bitcoin to explore Facebook's Libra, a new digital currency that has been in development since early 2019. The movie explains how Libra aims to provide a more stable form of cryptocurrency by linking it to a basket of currency and securities. It also provides an explanation of how Facebook's Libra Association will control the currency and who governs it.

The movie highlights the potential problems with Libra, including its possible impact on global financial stability and its level of control by Facebook. The film discusses criticisms of Libra from lawmakers and financial institutions around the world, who have called for an investigation into the currency's potential impact.

The documentary features interviews with experts in the field of cryptocurrency, including economists, futurists and cryptocurrency investors. They share their opinions on the future of Bitcoin and Libra and provide insights into the potential benefits and drawbacks of the digital currencies.

The movie concludes with a hopeful and optimistic view on the future of digital currencies. It suggests that they will become increasingly important to the global economy, providing an alternative to traditional banking systems and offering a more inclusive, transparent and secure financial system for everyone.

In conclusion, Bitcoin: The Future of Money and Facebook's Libra is an insightful documentary that provides a comprehensive overview of the world of cryptocurrency. It encourages viewers to think about the potential benefits and pitfalls of these digital currencies and how they may shape our future. It is an essential watch for anyone interested in the future of finance and economics.

Bitcoin: The Future of Money and Facebook's Libra is a 2019 documentary with a runtime of 47 minutes.