3/10
Doesn't address the elephant in the room.
19 September 2022
Bitcoin is currency, not money. Money has to be a commodity first, and a medium of exchange second e.g. Silver. Silver is used in batteries, cars, mirrors, water filters etc etc. But it can also be used as a medium of exchange. Money has to be a stable store of value over hundreds of years. E.g. The dollar has lost 98% of its purchasing power within a few decades I.e. The dollar is currency, not money. Similarly, Bitcoin is simply a medium of exchange, in the form of a digital token I.e. Currency. It is not money. The film comes across like a pump-and-dump scheme. "We know it's going to a million dollars a coin". Do we know that? I sure as hell don't. There are 15,000+ cryptos out there. Crypto is the latest get rich quick scheme, but the ship has already sailed. There's no questioning the blockchain technology will have applications in the future, but it isn't isolated to Bitcoin. It has other applications. It also doesn't give Bitcoin 'value' in the same way the dollar is sometimes said to be 'backed by the US government'. Nonesense to those who understand what money actually is.
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