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When you define economic growth
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Banking on Africa: The Bitcoin Revolution

When you define economic growth it's the increase in production, and the increase in...

When you define economic growth it's the increase in production, and the increase in production
causes prices to decrease

Full Transcript

00:00:01.000 --> 00:00:02.051
When you define economic growth
00:00:02.051 --> 00:00:04.048
it's the increase in production,
00:00:04.048 --> 00:00:07.003
and the increase in production causes prices to decrease.
Duration
7 seconds
Views
18
Timestamp in Movie
00:25:52
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.
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,
We do not need the permission to transfer money - Banking on Africa: The Bitcoin Revolution 00:07
We do not need the permission to transfer money
And that, of course, also opens the possibility - Banking on Africa: The Bitcoin Revolution 00:08
And that, of course, also opens the possibility
And the responsibility is also in the hands - Banking on Africa: The Bitcoin Revolution 00:07
And the responsibility is also in the hands
- In all instances when governments got involved with money, - Banking on Africa: The Bitcoin Revolution 00:14
- In all instances when governments got involved with money,
So don't think that a politician or Central Bank - Banking on Africa: The Bitcoin Revolution 00:06
So don't think that a politician or Central Bank
It's just another individual, just another human, - Banking on Africa: The Bitcoin Revolution 00:07
It's just another individual, just another human,
But ideologically, I also believe - Banking on Africa: The Bitcoin Revolution 00:14
But ideologically, I also believe
- There exists a definite two-camp divide - Banking on Africa: The Bitcoin Revolution 00:10
- There exists a definite two-camp divide
Can you give me an example of some of these crazy schemes - Banking on Africa: The Bitcoin Revolution 00:07
Can you give me an example of some of these crazy schemes