Watch Bit x Bit: In Bitcoin We Trust

Bit x Bit: In Bitcoin We Trust is a 2018 documentary film that explores the origins, rise, and potential impact of Bitcoin and other cryptocurrencies. The film features interviews with experts in blockchain technology, economics, business, and law, as well as with Bitcoin miners, traders, users, and enthusiasts from around the world. Through their stories and insights, the film reveals the various ways in which Bitcoin is challenging traditional notions of money, value, trust, and power.

The film opens with an explanation of the fundamentals of Bitcoin, such as how it is created, stored, and transferred, and how it differs from fiat currencies and other payment systems. The film then delves into the history of Bitcoin, from its mysterious origins in 2009 to its meteoric rise and subsequent volatility in value. The film shows how Bitcoin has become a global phenomenon, inspiring countless imitations and adaptations, as well as sparking controversy and skepticism among regulators, investors, and consumers.

The film then presents a series of case studies and interviews that illustrate the diverse applications and implications of Bitcoin. For example, the film shows how Bitcoin can serve as a secure and efficient means of cross-border remittances, especially for migrant workers who face high fees and red tape from traditional financial institutions. The film also shows how Bitcoin can enable micropayments and crowdfunding for artists, activists, and entrepreneurs who struggle to access mainstream funding sources. The film also shows how Bitcoin can provide an alternative and anonymous form of payment and finance for people who live in countries with authoritarian regimes or weak legal systems, or who engage in illicit activities such as drug trafficking or money laundering.

The film also explores the challenges and controversies surrounding Bitcoin, such as its susceptibility to hacking, fraud, and theft, and its association with illegal activities and speculative bubbles. The film shows how some countries have banned or heavily regulated Bitcoin, while others have embraced it as a way to promote innovation and financial inclusion. The film also shows how some people view Bitcoin as a revolutionary force that can disrupt the status quo and empower individuals, while others view it as a dangerous and unstable experiment that could undermine the stability and credibility of the global financial system.

Throughout the film, the viewer is offered a variety of perspectives on Bitcoin from a wide range of experts and stakeholders. Some of the interviewees are staunch supporters of Bitcoin, who see it as a way to challenge the dominance of central banks and empower individuals with more control over their own money. Others are more skeptical of Bitcoin, arguing that it is too volatile, too complex, and too risky to be widely adopted as a mainstream currency. Still others see Bitcoin as a valuable experiment that could lead to new innovations in finance and technology, but one that needs to be carefully regulated and managed to avoid negative externalities.

The film is visually engaging, featuring stunning cinematography of Bitcoin mining facilities, trading floors, and conferences, as well as animated sequences and archival footage that help explain the technical and historical aspects of the subject. The film is also well-paced, alternating between broad overviews and detailed case studies, and balancing technical explanations with human-interest stories. The film's soundtrack is also noteworthy, featuring a mix of electronic, orchestral, and world music that enhances the film's global and futuristic themes.

In summary, Bit x Bit: In Bitcoin We Trust is a thought-provoking and informative documentary film that explores the fascinating world of Bitcoin and cryptocurrency. The film offers a balanced and nuanced view of the subject, presenting both the promises and challenges of this emerging technology, and showcasing a diverse array of perspectives and experiences. Whether you are a veteran Bitcoin user or a curious outsider, this film will provide you with valuable insights and inspiration to better understand and appreciate the impact of Bitcoin on our society and economy.

Bit x Bit: In Bitcoin We Trust is a 2019 documentary with a runtime of 1 hour and 18 minutes. It has received moderate reviews from critics and viewers, who have given it an IMDb score of 6.3.