Magic Money: The Bitcoin Revolution | DOCUMENTARY | Cryptocurrency | Blockchain | Crypto Movie

Free Crypto Documentary: Magic Money - The Bitcoin Revolution - Magic Money is a documentary film which explores the mysterious origins of Bitcoin, its role in society, and how it could shape the future of our world.

The Bitcoin Revolution (2017)
Director: Tim Delmastro
Stars: Jeff Berwick, Trace Mayer, Tone Vays
Genre: Documentary
Country: Australia
Language: English
Release Date: 25 January 2017 (Australia)

Storyline:
“What is Bitcoin? With the advent of Bitcoin, the world’s first digital currency, for the first time in history money is no longer controlled by banks or governments, but by the people who use it. But where did this currency come from? How does it work? And is it truly the way forward, or just a flash in the pan? Magic Money answers these questions and more as it explores the mysterious origins of Bitcoin, its role in society, and how it could shape the future.” Written by Jason Spencer on IMDb.com

Reviews:
"One thing that they don’t tell you is most countries will let you purchase bitcoin off an exchange but wont let you sell on exchanges for your local currency, if you want to sell your bitcoin you need to find a private buyer. Also transaction fees are heavy any time you move bitcoin because the exchange you use to purchase the bitcoin also charges a fee.

So if you want to pull large amounts of bitcoin off your exchange wallet and place them in a more secure “hardwallet” for offline storage you get fees for moving off exchange and also fees for placing in hardwallet. Bitcoin can take up to 3 hours for transactions to complete they say bitcoin cash and some of these other “forked tokens” are going to be faster but what does that mean for bitcoin will it’s token become more valuable because it functions better? How will your government be able to tax it because I’m pretty sure a tax system they mentioned in the film where you choose if you wanna pay or not is about as realistic as Santa Claus." Written by kyle_may on IMDb.com

#bitcoin #blockchain

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Magic Money: The Bitcoin Revolution | DOCUMENTARY | Cryptocurrency | Blockchain | Crypto Movie
Aylin Hazel

Aylin Hazel

1648115675

Germany: 44% Will Invest in #Crypto and Join ‘The Future of Finance’

Germany was the first country to recognize #Bitcoins as “units of value” and that they could be classified as a “financial instrument.”

Legal regulation for the decentralized industry in Germany is ongoing. Now, 16% of the German population 18 to 60 are #crypto investors.

These people who own #cryptocurrencies or have traded cryptocurrencies in the past six months.

41% of these #crypto investors intend to increase the share of their investments in #crypto in the next six months. Another 13% of Germans are #crypto-curious.

They intend to invest in #cryptocurrencies too. Yet, only 23% of the #crypto-curious said they are highly likely to invest, with the rest remaining hesitant.

Giles  Goodwin

Giles Goodwin

1598996160

As Bitcoin Grows, So Do Crypto Scams

The amount that Bitcoin has grown in recent years is staggering. In around a decade or so, it has gone from a relatively unknown asset to an incredibly popular and valuable cryptocurrency that has made front-page headlines across the world. It has shown a lot of promise and potential in both finance and tech.

You can now buy Bitcoin instantly, and it is incredibly easy to become involved in the industry and market, as there are thousands of cryptocurrencies out there now thanks to the foundation that Bitcoin laid.

However, with all of this growth comes a little bit of risk. Because as Bitcoin continues to grow, so do cryptocurrency scams. Scammers see the potential in the market and feed off of inexperienced individuals who are new to the space.

The means of scamming that they use can also vary greatly. Some scammers use phishing to get personal information. Some attempt to blackmail people, and others try to make them send their money to fake addresses or platforms. There are also mining scams, scams that inflict your computer with malware, pyramid schemes, and even full initial coin offerings (ICOs) that are fraudulent.

Speaking of crypto scams, there have been two pretty large ones that have materialized recently, and each has gotten widespread coverage and focused on some pretty big names. Let’s take a closer look at them.

Massive Twitter Scam

This was a major scam that occurred on Twitter back on July 15th, 2020. A hacker managed to compromise the accounts of some incredibly famous individuals, including Elon Musk, Warren Buffett, Barack Obama, Kim Kardashian, Bill Gates, and many others. Even several crypto-related accounts such as Coindesk, Ripple, Coinbase, and Bitcoin were targeted too.

Once they had access to their accounts, hackers made public posts essentially saying that if a person sent Bitcoin to a particular address, they would get double the amount back in return. While this seems like an obvious scam to many people, because so many big names were tweeting it, some people thought it was legitimate.

It got so bad that, for a while, Twitter stopped verified accounts from having the ability to make posts to prevent the hack from spreading even further. This scam earned the creators over $100,000 as many people were fooled into sending their Bitcoin to the scammers’’ address. The hacker was able to do this thanks to exploits through some of the internal tools within the Twitter platform.

#bitcoin #cryptocurrency #crypto #blockchain #investing #crypto-scams #cryptocurrency-scams #cryptocurrency-trading

The Blockchain and US | Documentary | Bitcoin | Crypto News | Cryptocurrency | Blockchain Explained

Award-winning documentary about blockchain technology. Bitcoin, Crypto, Satoshi Nakamoto, etc. What is the Blockchain?

The Blockchain and Us (2017)
Director: Manuel Stagars
Writer: Manuel Stagars
Stars: Manuel Stagars, David Birch, Perianne Boring
Genres: Documentary | Short
Country: Switzerland
Language: English | German
Release Date: 4 April 2017 (Switzerland)

Storyline:
When the Wright brothers invented the airplane in 1903, it was hard to imagine there would be over 500,000 people traveling in the air at any point in time today. In 2008, Satoshi Nakamoto invented Bitcoin and the blockchain. For the first time in history, his invention made it possible to send money around the globe without banks, governments or any other intermediaries. Satoshi is a mystery character, and just like the Wright brothers, he solved an unsolvable problem. The concept of the blockchain isn’t very intuitive. But still, many people believe it is a game changer. Despite its mysterious beginnings, the blockchain might be the airplane of our time. Manuel Stagars portrays this exciting technology in interviews with software developers, cryptologists, researchers, entrepreneurs, consultants, VCs, authors, politicians, and futurists from the United States, Canada, Switzerland, the UK, and Australia. How can the blockchain benefit the economies of nations? How will it change society? What does this mean for each of us? The Blockchain and Us does not explain the technology but starts a conversation about its potential wider implications. The film deliberately poses more questions than it answers. For a deep dive, see all full-length interviews from the film stream on the official website of the film.

What is the Blockchain?:
A mysterious white paper (Nakamoto, Satoshi, 2008, “Bitcoin: A Peer-to-Peer Electronic Cash System”) introduced the Bitcoin blockchain, a combination of existing technologies that ensures the integrity of data without a trusted party. It consists of a ledger that can’t be changed and a consensus algorithm—a way for groups to agree. Unlike existing databases in banks and other institutions, a network of users updates and supports the blockchain—a system somewhat similar to Wikipedia, which users around the globe maintain and double-check. The cryptocurrency Bitcoin is the first use case of the blockchain, but much more seems to be possible.

The Next Generation of the Internet:
The first 40 years of the Internet brought e-mail, social media, mobile applications, online shopping, Big Data, Open Data, cloud computing, and the Internet of Things. Information technology is at the heart of everything today—good and bad. Despite advances in privacy, security, and inclusion, one thing is still missing from the Internet: Trust. Enter the blockchain.

The Blockchain and Us: The Project:
When the Wright brothers invented the airplane in 1903, it was hard to imagine there would be over 500,000 people traveling in the air at any point in time today. In 2008, Satoshi Nakamoto invented Bitcoin and the blockchain. For the first time in history, his invention made it possible to send money around the globe without banks, governments or any other intermediaries. Satoshi is a mystery character, and just like the Wright brothers, he solved an unsolvable problem. The concept of the blockchain isn’t very intuitive. But still, many people believe it is a game changer. Despite its mysterious beginnings, the blockchain might be the airplane of our time.

Manuel Stagars portrays this exciting technology in interviews with software developers, cryptologists, researchers, entrepreneurs, consultants, VCs, authors, politicians, and futurists from the United States, Canada, Switzerland, the UK, and Australia.

How can the blockchain benefit the economies of nations? How will it change society? What does this mean for each of us? The Blockchain and Us is no explainer video of the technology. It gives a view on the topic, makes it accessible and starts a conversation about its potential wider implications in a non-technical way. The film deliberately poses more questions than it answers.

Sources: https://blockchain-documentary.com/

#blockchain #bitcoin #crypto #cryptocurrency

Bitcoin: Beyond The Bubble | Bitcoin Documentary | Cryptocurrencies | Crypto News | Blockchain

Documentary about the cryptocurrency Bitcoin: Bitcoin: Beyond The Bubble - What is Bitcoin? With the advent of Bitcoin, the world’s premier digital currency, for the first time in history money is no longer controlled by banks or governments, but by the people who use it.

Bitcoin: Beyond The Bubble (2018)
Director: Tim Delmastro
Writer: Tim Delmastro
Stars: Jeff Berwick, Catherine Austin Fitts, Trace Mayer
Genre: Documentary | Short
Country: Australia
Language: English
Release Date: 1 May 2018 (Australia)

Storyline: What is Bitcoin? With the advent of Bitcoin, the world’s premier digital currency, for the first time in history money is no longer controlled by banks or governments, but by the people who use it. But where did this currency come from? How does it work? And is it truly the way forward, or just a flash in the pan?

#bitcoin #cryptocurrencies #crypto #blockchain

Giles  Goodwin

Giles Goodwin

1596920160

Adding Messages On The Bitcoin Blockchain - A How-To Guide

Hey!,

Today Luca asks:

Can I write on a Bitcoin Blockchain? Can I drop down a message?

Yes, Luca of course you can! You can leave a message on a Bitcoin blockchain using a particular op code, called **OP_RETURN**.

Through this operation code, your UTXO became unspendable! You can use at most 80 bytes for your message (160 hexadecimal characters)!

This operation is known as “timestamping of write information” because the message will become part of a block with a timestamp as well.

In Action

Can I write on Bitcoin Blockchain? — Italian Language 🇮🇹

First of all, I get a SegWit address from my testnet node.

$ bitcoin-cli getnewaddress "" "bech32"
tb1qrggdlvezgd4uy9mntz50mpmwd6l4vk9rm4ft3d

I need bitcoins! I need to use a faucet service such as: https://bitcoinfaucet.uo1.net/send.php

After that, I can check my mempool and find my TX ID.

$ bitcoin-cli getrawmempool | grep c5ce66d638f1b8ca702dfb8f7d1da7a6707d9c6497212dc66829c99f69b28b9a

the c5ce66d638f1b8ca702dfb8f7d1da7a6707d9c6497212dc66829c99f69b28b9a is the faucet’s transaction.

When can I use my UTXO?

I can use it after the mining process.

Please recover my UTXO with **listunspent** command.

$ bitcoin-cli listunspent 1 101 '["tb1qrggdlvezgd4uy9mntz50mpmwd6l4vk9rm4ft3d"]' | jq
[
{
"txid": "c5ce66d638f1b8ca702dfb8f7d1da7a6707d9c6497212dc66829c99f69b28b9a",
"vout": 1,
"address": "tb1qrggdlvezgd4uy9mntz50mpmwd6l4vk9rm4ft3d",
"label": "",
"scriptPubKey": "00141a10dfb322436bc2177358a8fd876e6ebf5658a3",
"amount": 0.00100000,
"confirmations": 6,
"spendable": true,
"solvable": true,
"desc": "wpkh([3a46ecca/0'/0'/4']020d12775323bbdaf0cb6e9a2b44ae7a591ef5872364e80e363a93d283c10b9e4f)#kxjva7dw",
"safe": true
}
]

Nice! I need to retrieve the private key, as we know it’s mandatory to sign my transaction.

$ bitcoin-cli dumpprivkey tb1qrggdlvezgd4uy9mntz50mpmwd6l4vk9rm4ft3d
cPHTHs7ERe6jDYiitj9eLVswsX3RpeKMB19eXYjpLb4CkEHd7drq

Now, we are able to create an amazing message, for instance: corsocompleto.bitcoininaction.com.

Yep, we need to use hexadecimal!

$ printf "corsocompleto.bitcoininaction.com" | xxd -ps
636f72736f636f6d706c65746f2e626974636f696e696e616374696f6e2e636f6d

I have the necessary to create the transaction!

Using _help_ I can retrieve a lot of information about this method. I want to use it on **createrawtransaction**.

$ bitcoin-cli help createrawtransaction

The receiver is the faucet’s address, I give back bitcoins :).

The address is:

2NGZrVvZG92qGYqzTLjCAewvPZ7JE8S8VxE

Finally, I can build my transaction, in the data field I can put my hexadecimal message. Remember that it will create an operation code OP_RETURN as we discussed above.

#bitcoin #blockchain #what-is-bitcoin #blockchain-development #blockchain-use-cases #blockchain-developer #btc #bitcoin-spotlight