invented Bitcoin. But despite the odd origins, Bitcoin has gotten increasingly legitimized with figures such as the Winklevoss twins (the brothers who sued Mark Zuckerberg over Facebook) investing millions and working with the government to develop regulations. Either way, the cryptocurrency has skyrocketed in value in recent years leading to Bitcoin millionaires and such a scramble to get on the gravy train that people are even mortgaging their houses to buy Bitcoin. Of all the comments, perhaps the most sound and influential belongs to cypherpunk Jameson Lopp: The fundamental issue is that this episode might very well be the first explanation of cryptocurrencies that some people get. Wonderland, just out of prison and investigating a twisted murder, Spenser is sucked back into Bostons underbelly. Also, thanks to the implementation of the second layer scalability solution the Lightning Network, Bitcoin is expected to become the internet's native currency. You probably also have no idea what Bitcoin or the blockchain actually are. In the crypto jargon, this is called FUD - Fear, Uncertainty, and Doubt. But at the same time, the decentralized blockchain allows Bitcoin to ensure the money isnt counterfeit without needing the backing of any government, banking institution, or other centralized authority.
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Periscope Entertainment, banking on Bitcoin is a helpful, critical look at cryptocurrency. The documentary opens with Charlie Shrem, an early Bitcoin millionaire, talking about his ankle bracelet Tells the government where I am every second of the day, any time of the day. Then again, no one really seems. The producers don't even bother to mention that there are thousands of altcoins which offer improvements for scalability (bigger blocks, second layer solutions, or a switch to a more centralized governance in order to reduce consumption of resources). Mainstream media has been doing it for as long as Bitcoin has existed. Satoshi managed to pull all of this work together into one coherent plan and then helped to start implement. No mention of mainstream adoption results. Even now, many individuals and even countries havent fully recovered. Because the producers have clearly had access to a generous budget and even interviewed savvy people like Dogecoin creator Jackson Palmer. Banking on Bitcoin spends a lot of time going over the possible real identity of the person (or group) who used the name Satoshi Nakamoto when creating the currency.