Bitcoin - Blockchain and the dream of new money

avikz

legendary

Activity: 3024

Merit: 1496

Quote from: ardhigalau on December 20, 2018, 11:06:40 AM

Good documentation, it really describes our current condition. But apart from all that, bitcoin mining is indeed a big problem especially for electricity. Let's find a way to make electricity for bitcoin not swell.

No it's not! Electricity consumption is not a big problem for bitcoin and mining industry. If you compare it to the electricity consumption of mainstream minting process, bitcoin mining consumes a peanut.

Yes it may be a problem for the small miners who solely depend on the government provided electricity at the retail cost. They should look for an alternate source of electricity like solar panel to be installed in their rooftop.

Otherwise, if we speak generally, bitcoin mining consumes much less electricity than mainstream government controlled minting operations.

ardhigalau

full member

Activity: 316

Merit: 100

Good documentation, it really describes our current condition. But apart from all that, bitcoin mining is indeed a big problem especially for electricity. Let's find a way to make electricity for bitcoin not swell.

HODL2090

member

Activity: 210

Merit: 29

Quote from: coolcoinz on December 15, 2018, 12:37:38 PM

The mainstream media love to describe it as a problem (a way for people to get scammed, lose money)

I have seen lots of positive publications about bitcoins, the blockchain and other digital assets.
Let's not view every negative coverage as FUD also, the media coverage are not always accurate, due to the fact that controversy sells, and that the state journalism is at now.

People should be aware of the good and bad sides of bitcoin.

dothebeats

legendary

Activity: 3542

Merit: 1352

Cashback 15%

Great video, and it's not really those same videos overly-praising bitcoin for things it cannot solve, or things that aren't really done by bitcoin. More importantly, this tackles things that are really pushed by bitcoin to be changed e.g. how people handle money and how cheap, secure and fast money transfers can be. The video also tackled scams and things that falls within the same line, which I think is good since the public also needs to be educated with the potential dangers looming within the bitcoin ecosystem.

Thanks for the share. The documentary is very transparent albeit some lack of information, but then again this is not a technical documentary but rather just a brief sneak-peek into bitcoin and its strengths, alongside its weakness.

mariah.sadio

full member

Activity: 573

Merit: 105

The video shows that bitcoin is in fact a legit digital currency. People always thought that when we say bitcoin, they always think of it as a scam. Well in fact, some sites that involve bitcoin are the scam not the bitcoin itself. Experiences tells that bitcoin proves that we can have monetary transactions through it and that we can earn from it. So let us keep those people believe and realize that bitcoin is legit and that they only be scammed if they join sites or companies from which they are not sure if really returns their money back. The video is really helpful.

self love sisters

jr. member

Activity: 34

Merit: 4

This is a good share indeed.

Bitdressa

member

Activity: 303

Merit: 12

This is a shocking news for me, especially in the use of bitcoin, which is increasingly going forward and improving in the market to become a practical digital exchange rate without the need to think about changes and also the money will be damaged due to other things.

davis196

hero member

Activity: 2954

Merit: 906

The most interesting part of this video are actually the comments under the video. Grin

For me,this video doesn't tell anything.It's the popular perception of bitcoin and crypto.
It's a very "clickbait" or "advertising" type of video.Good video production,but little to no quality information inside.

bitfocus

member

Activity: 532

Merit: 15

A good one! a little long, like 26 minutes, bot worth the time.

BitcoinGirl.Club

legendary

Activity: 2702

Merit: 2645

Farewell LEO: o_e_l_e_o

Quote from: pixie85 on December 15, 2018, 03:18:13 PM

I like it that people in poor regions see an opportunity in Bitcoin.

This is the beauty of Bitcoin. Give the power back to the mass. Although these whales are doing their best to manipulate the market but someday there will be a revolution and those unfortunates will demand for justice. Bitcoin for the mass.

pixie85

hero member

Activity: 2128

Merit: 524

I like it that people in poor regions see an opportunity in Bitcoin. To us westerners it's an investment, to them it's a way to send money to their families and save themselves from hyperinflation. The only thing that I didn't like in the video was the lack of basics. At first you think it was made for the general public, but the majority still doesn't know and doesn't understand cryptocurrencies.

Pab

legendary

Activity: 1862

Merit: 1012

There is possible to have secure wallet same way like there are secure fiat money wallets
I have been reading that Samsung is going to develop phone with mobile app supportinhg fiat money and crypto btc eth btc cash and erc20
There is a lot news that blockchain is future of internet
China is already using blockchain to protect intellectual properties .
, tracking food etc
In fact the best blockchain is offering best protection and best AML solution
It is also why big banks want to delay mass blockchain use
There is not possible to hide transactions in blockchain in opposite to banks books

bL4nkcode

copper member

Activity: 2142

Merit: 1305

Limited in number. Limitless in potential.

Good video indeed.

This video shows the good side and bad side (frauds/schemes/scams) of using this technology, shows how bitcoin works, how poor will be helped with some blockchain company mentioned there, the overseas workers as using this tech as an alternative for remittances, and mostly its only explained as a work of money (sending and receiving).

But the only thing is it never explained how people will secure their money while using this tech since this is kinda target of hackers.

coolcoinz

legendary

Activity: 2604

Merit: 1102

I came across this short documentary today. It has been published just yesterday, and I like that it shows crypto from a very positive perspective. The mainstream media love to describe it as a problem (a way for people to get scammed, lose money), but it's in fact an answer to a problem. It's important for people to notice and understand it.

https://www.youtube.com/watch?v=-Jn41vwZd94

Topic: Bitcoin - Blockchain and the dream of new money (Read 188 times)