“You have to know the past to understand the present.”– Carl Sagan
Has this happened to you?
You are sitting at your laptop and saw an interesting story about bitcoin come across your Facebook feed: Is QuadrigaCX the next Mt. Gox?
Even though you have been following along the industry news for the last year and have heard the name Mt. Gox quite a bit, you are not exactly sure what the back story behind that is. The same goes for the name Hal Finney. Or Charlie Shrem. Or Cypherpunks.
The 10+ year history of bitcoin is filled with so many amazing details that are crucial to explaining not only how and why the industry operates the way it does now, but where the industry may be headed.
So how can you get this information without quitting your job and diving deep into the bitcoin subreddit? Documentaries!
Whether you are new to Bitcoin and looking to further your education or have been in the digital currency world for a while and want to cement yourself as an industry leader, Bitcoin documentaries can help you with both.
Here are 5 Bitcoin documentaries you should be binge-watching right now (in no specific order).
The Bitcoin Gospel
The Bitcoin Gospel came out in 2015, and even though the world of Bitcoin has changed dramatically in the last few years, this documentary holds up. It explains not only the reason for Bitcoin, but it assures its audience that it’s never too late to get in the action.
This documentary walks you through the entire bitcoin mining process, as well. The Bitcoin Gospel has a lot of information jammed into its 48-minute run time. A perfect length for educational entertainment on your lunch break.
The Rise and Rise of Bitcoin
Filmed in 2014, the documentary follows thirty-five-year-old computer programmer Daniel Mross. After discovering Bitcoin in 2011, the technology very much consumed his world. What we love about this doc is that Daniel seems like someone you may know; in fact, he might even be a lot like you.
This documentary also does a great job of explaining bitcoin’s early days, telling the story of the highs and lows during the Mt. Gox storyline and introduces you to some of Bitcoin’s earliest evangelists like Gavin Andresen, Margaux Avedisian, Erik Voorhees and more.
Bitcoin: Beyond The Bubble
The first 60 seconds is an excellent reminder of the two types of people surrounding Bitcoin: Those who understand how vital it is for the future, and those who laugh it off as a fad.
It details other forms of money (like Gold and Silver) and is a great place to start if you struggle to understand the jargon you hear in the news every day. After this 35-minute documentary, you’ll indeed be on your path to becoming a Bitcoin expert.
Banking on Bitcoin
To truly understand the power of Bitcoin, you need first to understand our monetary system, and this documentary does a fantastic job of explaining how exactly it works. It also details how that system was tampered with and manipulated to the point where corruption, greed, and fraud led us to the 2008 financial crisis.
It might be easy to paint Bitcoin as a savior to the greed on Wall Street, but this doc also shows the various stumbling blocks Bitcoin has faced along the way (Silk Road, Mt. Gox.) It even brings in dissenting voices as well.
Bitcoin Documentary by Discovery Channel
From the creation of the Federal Reserve, the effects of the Great Depression, and Nixon severing the US from the ‘gold standard”, this documentary from The Discovery Channel goes back in time to help explain why things work the way they do today.
It also reveals how the paper money that so many people trust today has several paths to fail and shut America down again. The money market is a world of trust. And why Bitcoin is a safer and far more prosperous future.
These are just some of the best bitcoin documentaries around. If you think there are some we have missed, feel free to let us know your recommendations in the comments!
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