Documentary AreaSimply the best Documentaries

Bitcoin is a peer-to-peer monetary system in which all transaction records are public. Participants can use its open-source software to transfer virtual currency to one another as easily as they might send an email. Bitcoin opens an uncharted world of new possibilities to explore. We'll follow the stories of entrepreneurs and startups that are helping shape the new financial frontier. We'll look at the competitive mining market and the various subcultures within the Bitcoin community." You'll encounter a variety of characters and opinions as we examine the social and political impact of an open-source digital currency. Will the rise of Bitcoin bring a monetary paradigm shift that will forever change the world? Supposedly invented by a mysterious Japanese man named Satoshi Nakamoto (whose current whereabouts are unknown). Because it is designed to have an absolute ceiling of 21 million Bitcoins in circulation (not anticipated until 2040), and the system has no central depository or administrative authority, it has great appeal to libertarians and others who seek alternatives to a perceived corrupt, manipulative banking infrastructure and excessive government regulations. Its low processing fees compared with those of mainstream credit-card companies also hold considerable allure for merchants.

This is the story of Gerald Cotten and the many people who ended up with empty bank accounts after investing in his Bitcoin cryptocurrency exchange, QuadrigaCX. What does a crypto exchange do? The movie explains it concisely and it almost makes sense: A guy like Cotten takes an investment, converts it to Bitcoin and trades it in hopes of turning a profit, kind of like a stock day trader does. Cotten ’s described as a nerdy guy who felt like an outcast, but found a community of like-minded types in the cryptocurrency world.
Cotten was in India when he got sick and unexpectedly died; he was 30. At the time, QuadrigaCX was Canada’s biggest crypto exchange, holding north of $200 million. But nobody could access the keys and passwords to the company’s accounts and, against conventional wisdom, the company had no safeguards to stop such a thing from happening. Everyone who invested their money was left grasping at empty air. Internet forums foster ideas such as Cotten faked his death and took the money. The journalists and forensic accountants who lend the voice of reason, explores the oddities in the Cotten narrative, ruling out some of the crazier stuff in a quest for the truth.

Bitcoin is the world's leading virtual currency, but unlike real money, it is not backed by a government or properly regulated. Bitcoin is exchanged and held digitally by users - which is attractive to criminals selling drugs, pornography and arms. But now Bitcoin is moving into the mainstream and being openly marketed as an investment opportunity. The film investigates what Bitcoin is and what it means, going inside a Bitcoin mine in Iceland - where currency is made - and spending time with the Bitcoin millionaires of Silicon Valley.
The programme also hears from others who have been scammed out of their life savings and investors who think the cryptocurrency is an enormous scam and that the writing is on the wall. Around the world, authorities are sounding the alarm that Bitcoin is too risky - is it too late, or too crazy, to try to become a Bitcoin millionaire?