Topic: Video: The Bitcoin Phenomenon on SQ1.tv (Read 4583 times)

LiteCoinGuy,

I'll complete it regardless. We'll use our general funds, remove a day of shooting, find a sponsor, raise investment capital, and/or figure something out. We already have a ton of great footage. (I'll probably skip producing individual interviews with all of the key bitcoin players, which I think will be awesome, but I'll focus on the main program and get it done.)

Even @ $25k, it will be a loss-leader for SQ1.tv. If you notice, the primary thing we're focused on selling is $75 membership that includes access to either a NYC or SF event.

http://www.kickstarter.com/projects/sq1/the-bitcoin-phenomenon-on-sq1tv

We have 100 tickets to each. If we sell it out, that's $7,500 per event. It includes 1-year membership to SQ1.tv, screening w/ popcorn, a panel discussion, and maybe an after-party. With the event, I can probably also get it sponsored for considerably more - which is necessary, as putting on an event has a meaningful cost as opposed to simply showing the production online. But events are fun and good for the SQ1 brand.

My reservation with direct sponsorships of the film is this: It is psychologically tough to separate an advertiser from being an influencer in some way; they won't be, but I don't even like the appearance of it. The primary conflict I am looking to address is what happens with the Libertarian ideas of bitcoin as VC-backed startups attempt to take bitcoin mainstream. (We can't simply have VC-funded startups pay for sponsorships while the Free State Project or the like are on one side of it - there are two sides to this conflict.)

As such, my thought is to get the partnering sponsors to fund the event, while memberships back the production of the film. The event ends up subsidizing the movie and avoids any perception of conflict of interest.

If you are in NYC, Philly, NJ, or New England, get down to the event. If you are on the west coast, you need to get up/down to SF for the event. We'll do it in late fall.

what will you do, if you dont get the 25k ? will you stop the work or what are you plans?

Great 3 min... makes me want to watch more! ( I watched 3 times) the music, cuts, mix of old style footage, effects, great quality......i could go on. What camera(Panasonic?) and sound package did you use for interveiws? boom mic?

meanig, appreciate the response. In my view, deflation is worse than inflation for young people. Wages falling for 5 years in a row is deflation. I take it you are in the euro zone. For young people, inflation is better. For very wealthy people that had a lot of money 5 years ago, their purchasing power has increased. They can buy even more labor for the same amount of euros as opposed to 5 years ago. The double whammy is that if a young person borrowed money 5 years ago to be paid back today, in addition to the interest, the principal takes a larger share of today's wage than the prevailing wage 5 years ago. Your debt-to-income ratio gets worse in a deflationary climate. (This is one of the reasons that Japan's debt-to-GDP is at 240% today.)

I wish you best of luck with the film. I don't want to derail this thread away from its main subject matter but you've made two statements which I always have to SMACKDOWN!!


and


I was born in the 1980s in a developed country and for my whole working life wages have never been above the real inflation (i.e the rate which includes the cost of accommodation). For the last five years they've been falling in nominal terms. This isn't the 1970s. Trade unionism is dead and wage slaves have no power to bargain for better wages with so many people unemployed across the developed world.

As for your second point being in the top 1% of earners will also put you into the top 1% of rent/mortgage payers. Being a single pay cheque away from sleeping in an emergency shelter with violent alcoholics and drug users doesn't fill my heart with thanks (not that I'm in the top 1% anyway!!)

Life for a young person in the developed world isn't dire but it's no picnic either.

nice trailer. nice attitude.

the internet was/is a revolution. now, with bitcoin people can beam "real" money around the globe, anytime, any amount, to anyone. the internet will be monetized. this will change capitalism. it will change everything.

You can keep all of the money, I'd rather have a livable planet, plentiful food and drinkable water.

I think we'll cut into one full piece taking it all the way from inception to the current state of bitcoin. We'll cover satoshi, mining, speculation, cyptography, network effects, the Libertarian argument, prohibition such as gambling and drugs, VCs entering the market, the new entrepreneurs, and future applications. I think the variety of people interested in bitcoin is the most interesting part.

After this, we could do a 6-episode series. I was thinking about covering one start-up from bitcoin concept to funding to team formation to product development to marketing. It could bitcoin startup reality series. Or it could be theme-centric episodes....bitcoin in Berlin, bitcoin and the free state project, bitcoin and gambling, etc.

Additionally, we are planning on 6 10-minute full-length interviews edited by us for each of the main participants such as Gavin, Erik Voorhees, Jeremy Liew - a top VC, a couple of the entrepreneurs, Steve Kubby - a major marijuana legalization proponent. We already have the footage, so simple enough.

Beyond our initial commitment to The Bitcoin Phenomenon and releasing the individual interviews, I can't commit to the series though. We have other shows that will take up bandwidth including DEALMAKER, TERM SHEET, TRADING DESK, AMERICAN ICON, CASE STUDY, and STATECRAFT. Here's what we're thinking with these shows:

http://www.sq1.tv/about

LiteCoinGuy, thank you for the kind words.

And I know you meant it differently, but we don't take "donations" at all in any currency. I'm opposed to the concept of an entity created for future profits asking for donations. I certainly hope and expect to make profits in the future with SQ1.tv. Also, as a matter of pride, our goal at SQ1.tv is to provide you with fair value for every penny or btc you pay us. I view Kickstarter as a way of selling pre-orders in an aggregated way, but not as a way to solicit donations.

We sell subscriptions to view our content. I would like people to subscribe to SQ1.tv if they believe in what we're doing.

We'll likely add a bitcoin subscription campaign, but for now I'd like to focus our efforts on driving our Kickstarter campaign.

trailer is looking interesting.
I'm glad media attention is growing to document the development of bitcoin and its community (also for historical purposes).
You're planning several episodes on bitcoin or just one documentary?

LightRider, let me clarify as I always believe in having an open mind. I spent a few weeks in India this summer. I was also born in India and immigrated to the United States in grade school. I have witnessed abject poverty of a type that any visitor to India sees. Any tourist to India knows that to see an 8-year old carrying an infant sibling begging at a stoplight for money is a common site. India leads the world in child malnutrition rates. Over 500,000 children die per year from dysentery.

This year, however, I was very pleasantly surprised in Bangalore and Chennai, both in South India. There were massive infrastructure projects being built. I noticed minimal poverty of the gut-wrenching, disheartening variety. Even 6 years ago in these same cities, I noticed large numbers of beggars and street children; I didn't this year. I was stunned. I also noticed some of the population spoke hindi, which is not spoken in the south. This is due to labor shortages where hindi speakers migrated south for jobs. It is unpopular to say this, but wealth is definitely trickling down in South India while North India, where export-oriented industries are lacking does not enjoy the same degree of poverty alleviation. This is the market working.

There is another perspective I have being born in a 3rd world country with my family's sole ambition when I was a child to migrate to a country with better economic prospects: The average American owns a car. You cannot claim to be poor when you own an automobile. You cannot claim to be poor when you have indoor plumbing and a couple of good meals a day.

In India and Africa, there is no such thing as an obese poor person; this would be an oxymoron. Poor people in the world do not have enough to eat.

In 1961, South Korea, China, and India had very similar GDP per capita. Today, South Korea is a first world country, China is on the verge of being a 2nd world country, and India hopefully can solve large issues of poverty this decade, as it is doing. Political and economic systems do matter. In my view, China embracing export-oriented growth and private wealth has uplifted hundreds of millions from poverty over the past 30 years. Remember, China used to have periodic famines. Capitalism works where it is embraced.

Here is another central aspect of my thinking: 99% of the world that wakes up to go to work in the morning makes less than $35,000 per year. If you make $35,000 or more, you are in the top 1% of wage earners in the world. So I consider it extremely ironic to find the world's top 1% in income complaining about the top 1% in relation to themselves and not the world overall.

You might be in the top 1%. Check the calculator:

http://www.globalrichlist.com/

your video looks quite nice! do you take bitcoin or litecoin donations also?

It's disappointing that you believe that the vast majority of the world's population suffers for the benefit of the relatively few is a pretty good system.

Excellent news! To assure a poker player that a high percentage of fish are represented at the table, one may consider moving to Texas, Louisiana, Mississippi, Georgia or South Carolina, solely based on national education rankings. All the five, my choice would be Texas, rank fifth SC is ranked first, being the worse).

Then again, you don't want too many fish at a table due to the schooling (no pun intended) effect.

Phinnaeus Gage! That is awesome, man. I just registered yesterday on here, but I have been following your posts as I was researching bitcoin. Glad to know you read ALL IN. It is coming back under the new owners by the way as poker is looking to get legalized state-by-state.

Damn, I like this guy! I think I've read every issue of ALL IN. I know as a fact that every issue I did read, I did so cover-to-cover, albeit not in order. I loved that poker magazine!

I think Bitcoin Pizza did a lot to set the initial value of Bitcoin (at about $25 USD per 10,000)

Without proof of work Bitcoin wouldn't be as safe and resilient (decentralized and without double spending) as it is now. There are alternatives however (proof of stake or proof of burn).


This sounds very naive

Define "intelligently", "benefit" and "all people".

Thank you, LightRider. I visited The Venus Project. Looks interesting. Will look into it further with an open mind. But I do believe that capitalism is a pretty good system. And it allows for expression of human creativity and ingenuity in ways that all other systems do not. Even in the closest thing to a controlled experiment, we saw the difference between West Germany and East Germany at the point of unification. North Korea vs. South Korea today.

Has SQ1 considered investigating a resource based economy, where tremendous resources are not wasted in the efforts of currency creation and transaction processing, and instead are used intelligently for the benefit of all people?