The Monday night meetings at New York City's Bitcoin Center hardly seem the stuff of a revolution.Wielding smartphones and computers, the mostly male, mostly under-30 revolutionaries stand in the middle of a cavernous space in the shadow of the New York Stock Exchange.Their mission is to spread the gospel of bitcoin, which they believe has the power to upend the global financial system.For more on bitcoin, click here.We're sorry, the page you were looking for isn't found here.The link you followed may either be broken or no longer exists.Please try again, or take a look at our homepage for the latest news and market data.You may also be interested in these pages: U.S.News Markets Pre-markets Stocks Commodities Currencies Bonds Latest Video Investing Tech Make It Report a broken link | Help | Site map has released their digital documentary “The Bitcoin Uprising” this morning. reporter Mary Thompson into the world of bitcoin, from home-based mining operations to the deep web.

Thompson and one of her producers, Karina Frayter, decided to create this piece after realizing that a 1-minute ‘hit’ (or story) on the currency was too difficult to do.The documentary will only be available online, as that is the “most appropriate place for it, considering the bitcoin community is completely immersed in the digital world,” Thompson explains.Thompson’s journey through the bitcoin sphere started from a place of “pure curiosity.” However, she quickly recognized that this new technology had many “strong voices backing it, and strong voices criticizing it.” Bitcoin Uprising presents a well-balanced view, as compared to many other one-sided pro or anti-bitcoin pieces, by considering both the potential for – and the problems with – the technology.bitcoin anti money laundering“We wanted to see what was behind both sides of this,” Mary explains, “and try to get a clearer way of seeing if there was a future for the digital currency.” Kudos to Thompson and her team for presenting both sides of the (bit)coin.The process itself to produce the show was “exhausting” compared to Thompson’s usual 1-minute long pieces.myjob bitcoin

However, Thompson found solace in the bitcoin community, who she describes as “passionate about what they are doing, very, very straightforward, and willing to help [her] understand a very complicated topic.”The documentary itself starts by showing the sheer excitement amongst bitcoin enthusiasts.It moves through the lifestyle of a hard-core bitcoin early adopter and advocate – a computer whiz kid – and shows how he lives his life using bitcoin.It then explores home-based mining; the debate between old-school investors like Warren Buffet vs.ethereum posnew tech investors like Marc Andreessen (who is shown saying “the historical track record of old white men, who don’t understand technology, crapping on new technology is, I think, 100%”); the dark side of bitcoin through drug and hitman-services on the deep web, where most merchants “prefer bitcoin”; and more.bitcoin the honey badger of money

It also highlights the incredible rise of the currency, from a growth perspective, comparing bitcoin to Facebook stock.Thompson worked with her producer to choose who she would be interviewing and highlighting through the documentary, noting that her producer “had done a couple of stories that involved the hacking community, so she was able to connect [Thompson] with bitcoin users who were able to talk about what they were doing.”The Bitcoin community knows very well that the key issue to adoption is the currency’s ease of use.bitcoin kaç paraCurrently, the largest challenges prohibiting immediate mass adoption of Bitcoin are understanding the currency and its protocol, and then easily using it in day-to-day life.raspberry pi bitcoin raspbianIt’s ironic that most people have no idea how their fiat currency operates, but continue to use it everyday.

However, discussing Bitcoin brings these questions about money to the forefront.Thompson also explains that many people don’t understand why bitcoin would be used over something like the U.S.dollar.Behind the ease of use of regular credit and debit cards lies a massively complex system of regulation, fees, and intermediaries that add significant hidden costs to the overall transactions in our banked society.Compliance costs, credit card fees, interest, merchant fees, account fees, exchange fees, and government levies/taxes are only some examples.On one hand, Bitcoin can avoid nearly all those fees; on the other hand, it lacks the sheer manpower and infrastructure that makes our modern financial system tick.Thompson sees this lack of infrastructure as Bitcoin’s greatest barrier to massive adoption.“Storing bitcoin is already problematic for those of us who are banked,” Thompson explains.“Consider the world’s underbanked, who don’t get to put their paper wallet in a safety deposit box.”Andreas Antonopoulos, the biggest supporter of bitcoin’s power to transform the underdeveloped world, agrees with Thompson on this.

Somewhere in the not-so-distant future, Antonopoulos speculates that someone will crack the code and prime Bitcoin for mass adoption, making bitcoin easier for everyone to use (and that individual or company quite wealthy): “every entrepreneur in this space should look carefully at user interface and user security and figure out where they can carve out the next open-source solution to [these problems].”Despite the difficulties Thompson sees in acquiring and storing the currency, she holds $10 USD worth, but only to go through the process of understanding how it is acquired.In the name of journalistic integrity, she is staying as neutral as possible.At the current time, CNBC does not have any plans to create any more Bitcoin documentaries, but Thompson sees this as a “rapidly developing story,” and notes that there were incredible changes to the technology even while she was filming, including the IRS’ decision to tax the currency like property.Overall, “The Bitcoin Uprising” is enjoyable to watch and is accessible enough for public consumption and sharing.