Bitcoin: The End Of Money As We Know It traces the history of money from the bartering societies of the ancient world to the trading floors of Wall St. The documentary exposes the practices of central banks and the dubious financial actors who brought the world to its knees in the last crisis. It highlights the Government influence on the money creation process and how it causes inflation. Moreover, this film explains how most money we use today is created out of thin air by banks when they create debt. Epic in scope, this film examines the patterns of technological innovation and questions everything you thought you knew about money. Is Bitcoin an alternative to national currencies backed by debt? Will Bitcoin and cryptocurrency spark a revolution in how we use money peer to peer? Is it a gift to criminals? Or is it the next bubble waiting to burst? If you trust in your money just as it is - this film has news for you.Written by
I really enjoyed this documentary. I liked that is firstly gets into the question about what is money and a short history of it. Then it goes on about how the actual system works and how money is being created out of debts by the fractional reserve system. From there we understand why bitcoin might be important in the future from now. Finally it explains what is bitcoin and how the whole system works. I felt that 1h long was a bit too short to cover the subject of money and bitcoin combined. On the other hand it was a very straight forwarded documentary. I strongly recommend this documentary to anyone who is interested in the concept of money and wants to understand what goes wrong with our current monetary system.
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