It's what's known as a CBDC, or central bankdigital currency. With Bitcoin, it still...
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It's what's known as a CBDC, or central bank
digital currency. With Bitcoin, it still takes
some digging to figure out who owns what. And if you're careful,
or you're Satoshi and never spend your coins,
you can stay hidden. But, with CBDCs, your identity
is known to the government and your wallet controlled. In other words,
Satoshi's invention had given rise to the very
thing it aimed to prevent. What would happen if other
countries followed suit? But, the Maxis were convinced
that Bitcoin would win the day, putting their faith on display by pilgrimaging to a massive
yearly conference. And it's ridiculous
digital currency. With Bitcoin, it still takes
some digging to figure out who owns what. And if you're careful,
or you're Satoshi and never spend your coins,
you can stay hidden. But, with CBDCs, your identity
is known to the government and your wallet controlled. In other words,
Satoshi's invention had given rise to the very
thing it aimed to prevent. What would happen if other
countries followed suit? But, the Maxis were convinced
that Bitcoin would win the day, putting their faith on display by pilgrimaging to a massive
yearly conference. And it's ridiculous
Full Transcript
00:00:01.000 --> 00:00:04.088
It's what's known as a CBDC,
00:00:04.088 --> 00:00:06.673
or central bank
digital currency.
00:00:06.673 --> 00:00:09.134
With Bitcoin, it still takes
some digging
00:00:09.134 --> 00:00:11.999
to figure out who owns what.
00:00:11.999 --> 00:00:13.138
And if you're careful,
or you're Satoshi
00:00:13.138 --> 00:00:16.392
and never spend your coins,
you can stay hidden.
00:00:16.392 --> 00:00:19.602
But, with CBDCs, your identity
is known to the government
00:00:19.602 --> 00:00:22.147
and your wallet controlled.
00:00:22.147 --> 00:00:24.065
In other words,
Satoshi's invention
00:00:24.065 --> 00:00:28.111
had given rise to the very
thing it aimed to prevent.
00:00:29.002 --> 00:00:33.409
What would happen if other
countries followed suit?
00:00:36.203 --> 00:00:39.915
But, the Maxis were convinced
that Bitcoin would win the day,
00:00:39.915 --> 00:00:41.834
putting their faith on display
00:00:41.834 --> 00:00:44.503
by pilgrimaging to a massive
yearly conference.
00:00:44.503 --> 00:00:46.213
And it's ridiculous.
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Movie Summary
Cullen Hoback investigates the origins of Bitcoin and its anonymous creator Satoshi Nakamoto, exploring the potential of this cryptocurrency on the global financial system and who could hold immense power if it became mainstream.
