Ep 5. Morgan Makes 'Cents' Out of Bitcoin
- February 19, 2015
- 40 min
Morgan Spurlock takes on the complex and oft-misunderstood world of Bitcoin in this episode of Inside Man. As an experimental filmmaker and documentary filmmaker, Morgan has always been one to embrace the unconventional and the cutting-edge. Bitcoin, with its decentralized, open-source design and roots in the world of cybercurrency, represents just such a new and innovative way of thinking about economics and finance.
To begin exploring the world of Bitcoin, Morgan visits a Bitcoin mine in Iceland, where vast warehouses filled with high-powered computers churn away at solving complex mathematical problems that secure the network and keep the currency flowing. He also travels to a technology hub in Silicon Valley to meet with some of the most prominent and forward-thinking Bitcoin entrepreneurs and developers.
Through these interviews, Morgan begins to piece together a picture of Bitcoin as a technology that has the potential to revolutionize everything from the way we buy groceries to the way we vote in elections. He learns about the benefits of Bitcoin, such as its ability to provide financial services to the unbanked and the underbanked, bypassing the traditional banking system and providing greater financial freedom and autonomy to individuals around the world. He also hears about the challenges that Bitcoin faces, including regulatory issues, security concerns, and the ongoing debate over its perceived status as a true currency.
Morgan's exploration of Bitcoin takes him all around the world, from the high-tech labs of Silicon Valley to the bustling streets of New York City, where he meets with a diverse range of Bitcoin users and enthusiasts. He visits a food truck that accepts Bitcoin payments, attends a Bitcoin conference where he meets with some of the currency's staunchest advocates, and even goes on a Bitcoin shopping spree in a Manhattan boutique.
Throughout his travels, Morgan meets with experts from various fields, including economists, regulators, and cyber-security experts. Together, they explore the many possibilities and implications of this new technology, discussing everything from the future of online commerce to the potential impact of Bitcoin on global economics and politics.
As the episode unfolds, Morgan comes to understand that Bitcoin is more than just a currency - it is a platform for innovation and experimentation that has the potential to transform the way we interact with money and finance. Whether it ultimately succeeds or fails in this ambitious mission remains to be seen, but as Morgan himself put it, "One thing's for sure - it's never going to be boring."
Overall, this episode of Inside Man provides a fascinating and insightful look into the world of Bitcoin, one of the most innovative and disruptive technologies of our time. Whether you are a seasoned Bitcoin enthusiast or simply curious about this new and emerging market, Morgan Spurlock's exploration of this fascinating subject is sure to entertain and enlighten.