The Bitcoin Gospel 2015 , » -  49 min / users.A devoted group of entrepreneurs and activists believe they see the writing on the wall, and they're determined to add a new chapter.In their view, the world banks and governments harbor too much control over the financial vitality of the masses.But what if an ordinary citizen could bypass all the regulation and manipulation of the financial industry to become their own bank?The insightful new documentary The Bitcoin Gospel examines one such method for making this hypothetical a tangible reality.The concept took hold in 2009 following the global financial crisis of the previous year.Rising from the ashes of that catastrophe, Bitcoin represented a tidal shift in the way we procure, save and spend money without involvement or interference from banks or other mediators.In short, this exciting new digital currency held the promise of a world in which we would no longer be slaves to the financial elite.Consumers could buy and sell goods anywhere around the world without the constrictions of currency exchange or conversion.

While the popularity of Bitcoin has blossomed since its initial inception, the system has faced significant hurdles and adversity along the way and a number of setbacks are now beginning to come into focus.In cutting out the middleman, Bitcoin provides an escape from the burdensome fees that banks and other institutions normally charge for traditional transactions.But that anonymity comes at a price; it may appeal to most users for their legitimate every day transactions, but it can also empower greater flexibility for criminal activities to flourish.Detractors also claim that the rising prominence of Bitcoin has inspired exactly the sort of elitist society the system was devised to defeat.As a result of these and other concerns, the currency has inspired the critical eye of government legislators and major players from the monetary sector.The Bitcoin Gospel covers all of these issues and more in admirably even-handed fashion.According to the evidence and testimony presented in the film, and in spite of its myriad of potential defects, Bitcoin represents a growing movement of citizens who want to redefine the nature of capitalism on a global scale.

Roger Ver stars prominently in a new documentary by Dutch TV station VPRO.He opens the show by demonstrating to people in the Netherlands how a Bitcoin transaction works, using his home entertainment system and his smart phone.bitcoin 365 club reviewSomeone watching the show on the first broadcast would have had the opportunity to claim 100 Euros in Bitcoin as a result of Ver’s demonstration.bitcoin action bourseVer is identified in the film as a “Bitcoin evangelist,” and for most purposes, that has been his largest role in Bitcoin.litecoin mining power costHowever, the man has also backed a number of Bitcoin companies.irish bitcoin exchange

He says in the video that he made his first purchase for over 20,000 Bitcoin when they were worth around $1 a piece.That initial purchase is now worth more than $6 million.precio bitcoin dollarHe also says that he continued to invest in Bitcoin at this early stage.bitcoin tunisieHowever, there are some who feel that Ver is not the best face for Bitcoin.He vouched for Mt.Gox during its worst turmoil and turned out to be wrong, for one thing, and then there is the looming issue of his checkered history with the US Government.After getting in trouble for essentially selling firecrackers on eBay many years ago, the entrepreneur eventually renounced his citizenship and currently lives in Japan.Also read: Bitcoin Super-Investor Roger Ver: Bitcoin Exchange OKCoin May Be Insolvent Ver tells the audience, regarding Bitcoin adoption: Thinking it’s too late to get involved with Bitcoin is like thinking it’s too late to get involved with the Internet, or to get involved with using a cell phone.

It’s not too late to get involved in Bitcoin.Bitcoin is going to make your life easier in so many ways and the price of Bitcoin is only like $200 right now.If Bitcoin gets really popular all over the world, the price is going to have to be at least tens of thousands of dollars per Bitcoin if not hundreds of thousands of dollars per Bitcoin.Some would prefer a less controversial face, like Andreas Antonopolous, the frequent speaker and author of the O’Reilly book on the subject, to be considered the Bitcoin Jesus.Later in the film, Ver gives even more bitcoins away at a presentation.But the savior Roger Ver is not the only figure who is highlighted in the video.Marshall Long, an early miner, was also covered.He says it took him about 3 weeks to figure out how mining worked and also gave an anecdote about his wife made him move his mining operation out of the house, which started his business, FinalHash.Financial Times writer Izabella Kaminska ways in, sporting a Bloomberg terminal, discussing a “price over politics” view of Bitcoin that can be less popular in some parts of the community.

She also says that she believes a stable price is best for Bitcoin, in that it makes adoption more approachable for many.However, it should be noted that wild volatility attracts investors more than stable prices ever will.What I think people have projected on his paper as saying is this world where we are all our own bank.We don’t have to depend on any intermediary and banks are gone.In the current economy, because of the way our money is structured, if I decide to horde my dollars then I’m usually hording them in an institution that is using them as a means of capital and they will be lending them out.So that money, even though I am saving, is going into an investment somewhere else.[…] But in Bitcoin, there isn’t that opportunity.So a horded Bitcoin is a horded Bitcoin.It has no interest, it has no yield.It is simply sitting there and yet the person who is holding onto it thinks they have a right to future income flow, as if they have been investing.She ended her segment with a note on how the Bitcoin economy is “unequal.” Then Brett Scott, author of Hacking the Future of Money, a book about financial regulatory reform, came on to talk about the same property of Bitcoin.