The Bitcoin Gospel
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The Bitcoin Gospel is a documentary film that talks about the power of Bitcoin in today's world. When the financial world collapsed in 2008, a mysterious genius under the pseudonym Satoshi Nakamoto presented the architecture for the perfect, bankless currency. Bitcoins can’t be forged, and can be transferred worldwide with one click of a button, without transaction costs. Up till today, nobody knows who Nakamoto is, but his invention of the first decentralized cryptocurrency became world-famous within a couple of years. Bitcoin was initially dismissed as unsafe and only interesting to criminals. But in fits and starts, the exchange rate kept going up, and more and more banks and governments are realizing that bitcoin is an invention they can’t ignore.
‘Bitcoin Jesus’ Roger Ver invested massively in bitcoins when they were still worth less than a dollar, and in 2013 he saw the bitcoin exchange rate reaching as much as 1000 dollars. He sees the cryptocurrency as a digital replacement for gold, and therefore as the perfect means to undermine corrupt government policy and a failing financial sector. And maybe even as the recipe for world peace. However, the question is whether the bitcoin community won’t fall prey to the same perverse incentives as the financial system bitcoin wanted to replace. Because of the gold rush that arose around the new, democratic currency, bitcoin is now mainly in the hands of a small elite of early adopters.
What’s the bottom line, now that this globally disruptive currency has grown to maturity? Is bitcoin the blueprint for fair money, separated from banks or states, or will it be a new hierarchy froom haves and have-nots?
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