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Banking on Africa: The Bitcoin Revolution

The item in question is this over here, which is a 100 rand note

The item in question is this over here, which is a 100 rand note

Full Transcript

00:00:01.000 --> 00:00:04.002
The item in question is this over here,
00:00:04.002 --> 00:00:05.657
which is a 100 rand note.
Duration
6 seconds
Views
20
Timestamp in Movie
00:20:11
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.
You're gonna be bidding for this 100 rand note. - Banking on Africa: The Bitcoin Revolution 00:04
You're gonna be bidding for this 100 rand note.
A slight switch though on the traditional auction model - Banking on Africa: The Bitcoin Revolution 00:10
A slight switch though on the traditional auction model
180 rand going once, - Banking on Africa: The Bitcoin Revolution 00:06
180 rand going once,
You can come and settle afterwards - Banking on Africa: The Bitcoin Revolution 00:06
You can come and settle afterwards
It's not that central financial authorities were a bad idea. - Banking on Africa: The Bitcoin Revolution 00:04
It's not that central financial authorities were a bad ...
It gave us a way of scaling up to what now - Banking on Africa: The Bitcoin Revolution 00:05
It gave us a way of scaling up to what now
You could travel to the other side of the world - Banking on Africa: The Bitcoin Revolution 00:14
You could travel to the other side of the world
That's the second highest price - Banking on Africa: The Bitcoin Revolution 00:05
That's the second highest price
It's a great game for me - Banking on Africa: The Bitcoin Revolution 00:10
It's a great game for me
It's designed so that I'm gonna win - Banking on Africa: The Bitcoin Revolution 00:07
It's designed so that I'm gonna win
We all remember what happened - Banking on Africa: The Bitcoin Revolution 00:05
We all remember what happened
In that situation, we were reminded again - Banking on Africa: The Bitcoin Revolution 00:05
In that situation, we were reminded again
We have a fractional reserve banking system - Banking on Africa: The Bitcoin Revolution 00:17
We have a fractional reserve banking system
When a bank gives you a loan to buy a house, for example, - Banking on Africa: The Bitcoin Revolution 00:07
When a bank gives you a loan to buy a house, for example,
That's basically money they can make out of thin air. - Banking on Africa: The Bitcoin Revolution 00:04
That's basically money they can make out of thin air.
But when you have a run on the bank, - Banking on Africa: The Bitcoin Revolution 00:11
But when you have a run on the bank,
Governments then stand - Banking on Africa: The Bitcoin Revolution 00:05
Governments then stand
So, governments say, if the bank doesn't have enough money - Banking on Africa: The Bitcoin Revolution 00:08
So, governments say, if the bank doesn't have enough mo...
But, of course, that money needs to come from somewhere too, - Banking on Africa: The Bitcoin Revolution 00:10
But, of course, that money needs to come from somewhere too,
The U.S. government didn't have enough money - Banking on Africa: The Bitcoin Revolution 00:14
The U.S. government didn't have enough money