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Banking on Africa: The Bitcoin Revolution

21-year-olds don't normally go to events like we did the other day

21-year-olds don't normally go to events like we did the other day

Full Transcript

00:00:01.000 --> 00:00:04.641
- 21-year-olds don't normally
00:00:04.641 --> 00:00:07.221
go to events like we did the other day.
Duration
7 seconds
Views
26
Timestamp in Movie
00:24:41
Uploaded
May 27, 2025
Genres
documentary
Production
N/A

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Movie Summary

This documentary follows the journey of Bitcoin pioneers as the African continent seeks to leverage cryptocurrency to increase their independency from a banking system that fails them.
The first time I heard about Bitcoin - Banking on Africa: The Bitcoin Revolution 00:05
The first time I heard about Bitcoin
This movie doesn't cover Bitcoin in a positive light. - Banking on Africa: The Bitcoin Revolution 00:05
This movie doesn't cover Bitcoin in a positive light.
And then, I heard it again, and I was like - Banking on Africa: The Bitcoin Revolution 00:10
And then, I heard it again, and I was like
So he was explaining central banking, right, - Banking on Africa: The Bitcoin Revolution 00:09
So he was explaining central banking, right,
He explained that we actually don't need the system. - Banking on Africa: The Bitcoin Revolution 00:04
He explained that we actually don't need the system.
In a normal economy things are supposed - Banking on Africa: The Bitcoin Revolution 00:13
In a normal economy things are supposed
I did a little bit more digging - Banking on Africa: The Bitcoin Revolution 00:05
I did a little bit more digging
They follow the Austrian school of economics, - Banking on Africa: The Bitcoin Revolution 00:11
They follow the Austrian school of economics,
When you define economic growth - Banking on Africa: The Bitcoin Revolution 00:07
When you define economic growth
When the first phone came out it was quite expensive - Banking on Africa: The Bitcoin Revolution 00:13
When the first phone came out it was quite expensive
That also could apply to the economy as well, - Banking on Africa: The Bitcoin Revolution 00:09
That also could apply to the economy as well,
- Using this greedy algorithm I can make a lot of money, - Banking on Africa: The Bitcoin Revolution 00:08
- Using this greedy algorithm I can make a lot of money,
The problem is, when you have money on the table - Banking on Africa: The Bitcoin Revolution 00:14
The problem is, when you have money on the table
There are rules that have been put in place that mean - Banking on Africa: The Bitcoin Revolution 00:11
There are rules that have been put in place that mean
Our current banking systems, - Banking on Africa: The Bitcoin Revolution 00:16
Our current banking systems,
Money was always centralized, was always opaque, - Banking on Africa: The Bitcoin Revolution 00:12
Money was always centralized, was always opaque,
Finally, we could use the internet - Banking on Africa: The Bitcoin Revolution 00:18
Finally, we could use the internet
- I was never interested in all these subjects, - Banking on Africa: The Bitcoin Revolution 00:23
- I was never interested in all these subjects,
It's not so much about not having a long-term view, - Banking on Africa: The Bitcoin Revolution 00:09
It's not so much about not having a long-term view,
- Okay, if we use a blockchain system, - Banking on Africa: The Bitcoin Revolution 00:09
- Okay, if we use a blockchain system,