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Censorship

Kim Dotcom Discusses the Swelling Crypto Economy and His Plans to ‘Accelerate P2P Electronic Cash’

13/01/2021 by Idelto Editor

Kim Dotcom Discusses the Swelling Crypto Economy and His Plans to 'Accelerate P2P Electronic Cash'

This week, news.Bitcoin.com chatted with Kim Dotcom, the founder of the now-defunct file hosting service Megaupload and the creator of the content monetization application called K.im. The Internet entrepreneur Dotcom is a big believer when it comes to the crypto economy and during the conversation, we discussed subjects like bitcoin cash, the recent Big Tech censorship, and how cryptocurrencies will forward financial freedom.

Kim Dotcom is a well known Internet entrepreneur and political activist that believes the crypto economy will continue to swell in value. Dotcom is well known for being the former CEO of the now-defunct file hosting platform Megaupload. The site was taken down by the U.S. government in 2012, but before the takedown Megaupload served 180,000,000 registered members, and saw 50,000,000 visits per day.

Currently, Dotcom is working on a content monetization application called K.im which will meld the benefits of cryptocurrency solutions and file hosting. News.Bitcoin.com reported on the application in the summer of 2017, and the K.im platform is expected to launch in Q4 of 2021.

Moreover, Dotcom has revealed that the next-generation content monetization app will see bitcoin cash (BCH) integration. During our phone conversation, Dotcom spoke about the recent demand for digital assets, why BCH has a lot of upside potential, the recent Big Tech censorship, and how decentralized platforms will invigorate our future.

Bitcoin.com (BC): While the global economy has been extremely gloomy, cryptocurrencies like bitcoin have seen significant demand. Do you think cryptocurrencies will continue to shine in 2021?

Kim Dotcom: What we’ve seen with the global economy because of the pandemic, in my mind is really just the beginning of greater global distress of the economy and currencies. Simply because governments are printing money to finance debt. In the U.S. alone in 2020, over 30% of all the U.S. dollars in existence have been created during the year. It’s just not sustainable, you cannot keep printing money to pay what is required.

I think there is a significant devaluation of the U.S. dollar going on and that is driving the demand for cryptocurrencies. Digital currencies are now seen to be more stable than fiat currencies. If that trend continues, which I think it will, it’s going to accelerate the devaluation of fiat currencies. Therefore causing significant disturbances in the markets as well.

BC: Recently you said that Bitcoin Cash (BCH) has great “upside potential” and is currently “undervalued.” Can you tell our readers why you think this is the case?

Kim Dotcom: There are a couple of factors. One factor is that bitcoin cash (BCH) already does around 10% of the transaction volume that bitcoin (BTC) does. But BCH is only valued at 1% of the current valuation of BTC. So that’s a little bit of a discrepancy there. It is a very simple way to understand why it is undervalued. Another reason is that bitcoin cash, unlike bitcoin, is electronic cash where bitcoin wants to be electronic gold. Bitcoin is not really what you use to pay for things online. If you go and buy an apple and transaction fees cost more than the fruit, that’s not a viable electronic cash solution.

Now when you look at the transaction volume potential for bitcoin cash, it is significantly higher than that of bitcoin because of the parameters of BCH. It has very low fees, currently, on txstreet.com it says that the average media fee for bitcoin cash is $0.001 per transaction.

You don’t have that with BTC, so bitcoin cash is likely to take a more significant share of daily, real-life transactional volume. That’s where the upside potential lies and that’s why I think BCH is undervalued.

Kim Dotcom Discusses the Swelling Crypto Economy and His Plans to 'Accelerate P2P Electronic Cash'
Kim Dotcom has always been a supporter of cryptocurrencies, and more recently he tweeted: “Bitcoin > great for asset storage, Bitcoin Cash > great for payments. Bitcoin Cash at $310 today. I expect $3,000+ next year,” the internet entrepreneur added at the time. Dotcom also said: “Why? More and more vendors accept crypto. Vendors want low fees and fast transactions. I’m bullish on [bitcoin cash].”

BC: You also said the other day that you plan to make bitcoin cash the “leading electronic cash solution in the world” and said you plan to help “accelerate the use of BCH.” How do you plan to do that?

Kim Dotcom: So global credit card transactions are about 1.01 billion a day, I think that bitcoin cash in the next ten years will be able to compete with that. More and more vendors are accepting bitcoin cash at their point-of-sale and we are going to accelerate that with partnerships. Getting big retail chains to accept bitcoin cash like grocery markets and really anything that does big volumes of transactions. Then of course, online transactions as well because nothing works better and smoother than bitcoin cash. It’s already a proven system with over 100,000 vendors that have implemented BCH, so you can see that there is a demand for a solution that is cheaper and better than traditional credit cards.

BC: Can you tell our readers about the progress of the application K.im you have been working on?

Kim Dotcom: It’s going well and we’ve been working on it for a number of years. We’re basically turning files into shops. For example, if you are a music artist and you created an mp3 file, you can embed that into a K.im file shop and then the file becomes the shop. You can unlock the content inside the file with a crypto payment, and that’s a new way for people to basically transact. They can also have a section in the file shop for commissions, so they can have a sales force all over the Internet.

Anyone who wants to sell their content can get whatever share the artist or creator wants to have, so you can basically turn the entire Internet into a massive sales force. We expect K.im to have several hundred million users within five years of launching and a lot of that transaction volume will sit with bitcoin cash. Simply because it is the cheapest, fastest way to transact right now with crypto.

Kim Dotcom Discusses the Swelling Crypto Economy and His Plans to 'Accelerate P2P Electronic Cash'

BC: How do you think the world’s governments will react to the swelling crypto economy and permissionless innovations?

Kim Dotcom: I think cryptocurrencies are going to be a target for governments, because crypto is in reality competing with the money-printing schemes. The governments want to continue to print money to pay their bills. To pay for its military, to pay for whatever the government needs. As long as crypto continues to grow, the ability of the government to do that and run these old schemes is undermined more and more. I think we will see governments creating difficulties for cryptocurrencies and I expect that.

BC: Just recently, Big Tech censored the sitting U.S. President and a number of other voices and even applications like Parler. Why do you think this is happening?

Kim Dotcom: You can see that Big Tech is getting more and more engaged in politics. One has to wonder what these companies want to get out of this. They are not doing this out of their good heart, they are doing this for a purpose and one has to wonder what that purpose is.

BC: With governments encroaching on freedoms worldwide, do you think cryptocurrency networks will help protect financial freedoms?

Kim Dotcom: Absolutely, cryptocurrencies are the game-changer. They will definitely unlock more freedoms for people around the world. It is just one of many components. What the Big Tech companies did has very little to do with crypto because they run the infrastructure we are all using. They can now basically control what we see, what we hear, and that is frightening. Blockchain is just as interesting as the Internet was and the opportunities are endless. I think that it is important that we have more decentralized, non-corporate owned networks to communicate.

We don’t really want a single entity to be able to change the way we communicate. It should be a network for the people, by the people, open source, decentralized, and I think that is the future. I think the tech giants are making a big mistake in underestimating the power of open source and the willingness of people to switch to something else.

BC: When do you think the masses will catch on to cryptocurrency solutions?

Kim Dotcom: We will see a steady rise of people adopting cryptocurrencies. It is only roughly 3% of Internet users that have had any contact with crypto. The upside potential is enormous. The more people learn about the benefits of cryptocurrencies, the easier it becomes to use and the safer it becomes to use. With those improvements, more people will engage and that is part of my mission. We need to do a good job of marketing crypto better.

The crypto community also has to come together and work together toward that effort because the sooner we have critical mass, the better for everyone involved in the crypto space. I see a lot of infighting, I see a lot of tribal negative arguments and they are counter-productive. We should all just work together to make sure that users feel safe coming into this space. So the first thing they see is not all these arguments and bickering about what is the best cryptocurrency.

BC: Do you think applications like K.im will help fuel the crypto economy and peer-to-peer electronic cash solutions?

Kim Dotcom: Yes big time. K.im is going to have hundreds of millions of users and they are going to fuel the crypto economy no doubt. It’s going to be a part of making mass adoption happen and there will be some killer apps like K.im, that will do the same and combined, we’re going to drive more and more people toward accepting cryptocurrencies.

What do you think about our conversation with Kim Dotcom? Let us know what you think about this subject in the comments section below.

Filed Under: BCH, Big Tech, Bitcoin (BTC), Bitcoin Cash, bitcoin cash BCH, BTC, Censorship, content monetization, electronic cash, English, file hosting, Interview, K.im, K.im app, Kim Dotcom, Kim Dotcom bitcoin, MegaUpload, News Bitcoin, P2P Cash, Peer-to-peer cash

Alt-Right Activist Stefan Molyneux Banned from Youtube, Raises $100K in Crypto Donations

02/07/2020 by Idelto Editor

Alt-Right Activist Stefan Molyneux Banned from Youtube, Raises $100K in Crypto Donations

The founder of Freedomain, philosopher and alt-right activist, Stefan Molyneux, received more than $100,000 in cryptocurrency donations after he was banned from Youtube on June 29, 2020.

Stefan Molyneux is well known for his Youtube videos, podcasts, and books. His early Youtube videos describing the benefits of bitcoin have been lauded. While getting over $100k in bitcoin, dash, bitcoin cash, and ethereum donations this week, the alt-right activist has also joined the Lbry platform.

On June 29, Molyneux was banned from Youtube. Molyneux joins a number of popular alt-right activists, libertarians, and cryptocurrency advocates who have been banned from the platform. Just recently, Bitcoin.com’s official Youtube channel was banned but luckily it was reinstated.

Many cryptocurrency advocates abhor censorship and when Molyneux was banned the cryptocurrency community added $100k to his donation chest of coins.

At the website Freedomain.com, crypto supporters can find the coin addresses of all the crypto assets Molyneux website accepts. This includes bitcoin (BTC), bitcoin cash (BCH), dash (DASH), ethereum (ETH), and a few others.

A great majority of the funds donated to Molyneux stemmed from bitcoin cash (BCH) donations. There is approximately 444 BCH ($99,500) in Molyneux’s bitcoin cash address, and 3.82 BTC ($35,000) in the Freedomain bitcoin (BTC) wallet.

Looking at the block explorers of all six coins Molyneux accepts minus monero (XMR), people can see a flurry of small donations were sent after Molyneux was banned. After the Youtube ban, Molyneux did join Lbry.tv and he has 6,819 followers to-date.

The Freedomain podcaster also asked for crypto donations last January and a number of crypto enthusiasts asked him to support more coins.

“I have been demonetized on YouTube, but you can support me here, much appreciated my friend,” Molyneux wrote at the time. Molyneux was also a big influence on the voluntaryist and libertarian communities early in his career.

During the latter half of his career, many libertarians lost interest in Molyneux for his pro-Trump and alt-right activism. Molyneux has written 10 books that have gathered 600 million downloads, and he has also hosted 4,500 podcasts as well.

What do you think about Stefan Molyneux being banned on Youtube and raising $100,000 in crypto donations? Let us know in the comments section below.

The post Alt-Right Activist Stefan Molyneux Banned from Youtube, Raises $100K in Crypto Donations appeared first on Bitcoin News.

Filed Under: BCH, BTC, Censorship, Crypto Donations, dash, English, ETH, Freedomain.com, Lbry, Lbry.tv, liberty, News, News Bitcoin, Stefan Molyneux, Voluntaryism, YouTube, Youtube Ban

Amid Youtube Censorship, Individuals Flock to Decentralized Video Sharing Apps Like Lbry.tv

31/05/2020 by Idelto Editor

Amid Youtube Censorship, Individuals Flock to Decentralized Video Sharing Apps Like Lbry.tv

In mid-May, news.Bitcoin.com reported on one of our mining pool videos being censored and banned from the video-sharing platform Youtube. The report had shown how Youtube has been censoring videos for a long time now, and the CEO specifically told the public certain coronavirus films would be removed. Youtube’s censorship has caused a number of individuals to search for decentralized video sharing platforms, and one particular project called Lbry.tv has been gathering a lot of traction.

Censored Youtubers Are Migrating to Lbry.tv

Censorship is abundant these days, as many of the massive social media platforms and video sharing sites are censored and policed on a regular basis. Just recently, Bitcoin.com’s official Youtube account was warned for sharing a video about bitcoin mining and people witnessed mass censorship on Youtube caused by the coronavirus.

Months before Covid-19, many crypto-focused Youtube channels were also banned and removed from the platform. The iron curtain tethered to Youtube has invoked a number of crypto advocates to leave and join a more decentralized concept called Lbry.

Amid Mass Censorship, Individuals Flock to Decentralized Video Sharing Apps Like Lbry.tv

Lbry is a sharing platform that uses blockchain technology to enable users to publish material and get paid for doing so. People using Lbry’s service can monetize their published material with its built-in payment system. The creators of the Lbry project state:

Lbry is a new protocol that allows anyone to build apps that interact with digital content on the Lbry network. Apps built using the protocol allow creators to upload their work to the Lbry network of hosts (like Bittorrent), to set a price per stream or download (like iTunes) or give it away for free (like Youtube without ads). The work you publish could be videos, audio files, documents, or any other type of file.

Amid Mass Censorship, Individuals Flock to Decentralized Video Sharing Apps Like Lbry.tv
Lbry.tv.

In addition to the main Lbry blockchain, the project has also introduced Lbry.tv, a similar platform to the likes of Youtube but without censorship and centralization. The creators of Lbry call the platform Lbry.tv, “a nearly feature-complete web version of Lbry desktop, a browser for the Lbry network.”

Because of the censorship and centralized video sharing platforms manipulating video shares and adding horrible advertisements, many people have migrated to the Lbry platform for quite some time now. The developers behind the project note that the video sharing portal has:

  • Hundreds of huge YouTubers, like Veritasium, minutephysics, John Stossel, and 3Blue1Brown. Tens of thousands of popular YouTubers co-publish or publish unique content to LBRY.
  • Hollywood films, including the catalog from Oscilloscope Studios, which includes award-winning films starring actors like James Franco, Julia Stiles, David Cross and more.
  • Creators who stand up for free speech and free expression like Jordan Peterson, Benjamin Boyce, Justin Murphy, and more.
  • 20,000 top college lectures that almost disappeared forever due to the threat of censorship.
  • All kinds of weird and original gems.

Decentralized and Censorship-Resistant Social Media and Video Sharing Platforms Will Someday be the Norm

It will take some time, but censorship-resistant and decentralized platforms will someday be the new norm. The masses are slowly beginning to see the problem and there are tools out there that can decentralize social media and video sharing techniques across the web.

Platforms that pay content producers and artists directly, instead of large fractions of profits going to middlemen like Facebook, Twitter, Reddit, and Youtube. There are projects like Twetch decentralizing Twitter and concepts like Memo.cash removing third parties from social media forums. Lbry.tv is an alternative to Youtube, Amazon, and other hosting sites. It may be nascent project and may not even be the end solution, but its a start in the right direction.

What do you think about Lbry and Lbry.tv? Let us know in the comments below.

The post Amid Youtube Censorship, Individuals Flock to Decentralized Video Sharing Apps Like Lbry.tv appeared first on Bitcoin News.

Filed Under: Age of Censorship, Apps, Bitcoin, Blockchain, Censorship, Censorship Resistance, Coronavirus, COVID-19, cryptocurrency, Decentralized, English, Governments, Lbry, Lbry Blockchain, Lbry.tv, Memo.cash, nation states, News, News Bitcoin, Social Media, Twetch, Video-Sharing

Bitcoin.com’s Mining Video Censored: The Tale of Youtube’s Blatant Censorship and Propaganda

18/05/2020 by Idelto Editor

Bitcoin.com's Mining Video Censored: The Tale of Youtube's Blatant Censorship and Propaganda

During the last few years, the Google-owned Youtube platform has been accused of massive censorship and in the last three months, the video streaming business resembles the Ministry of Propaganda, more than an online video-sharing platform. This week Bitcoin.com was also censored for sharing a video about our bitcoin mining pool. Bitcoin.com’s Youtube account was given one strike for allegedly “violating community guidelines.”

Youtube Took Part in Historic Amounts of Censorship During the Covid-19 Outbreak – People Will Not Forgive and Forget the Firm’s Transgressions

When the online video-sharing platform Youtube was first released in February 2005, it was a community of people sharing ideas with very little censorship and moderation. Nowadays, Youtube is under the ownership of Google, and the firm’s CEO Susan Wojcicki has been outspoken about removing videos. Weeks ago, Wojcicki told CNN that any videos that went against the WHO narrative in regards to the Covid-19 outbreak would be removed.

Last year, Youtube de-platformed a myriad of ‘alt-right’ and so-called ‘conspiracy’ groups and removed these channels from the video streaming site. Youtube also started harassing cryptocurrency content creators and Youtubers who operated channels that discussed bitcoin and other digital assets. During the holiday season in 2019, Youtube officials purged a massive number of cryptocurrency video channels for very little reasoning. The company typically just tells the person that the channel had “violated community guidelines.”

Bitcoin.com's Mining Video Censored: The Tale of Youtube's Blatant Censorship and Propaganda

Prior to Bitcoin.com’s recent video removal and strike, Wojcicki’s words came to fruition as her company banned many videos that spoke out against the WHO’s narrative when it came to an oppositional narrative toward ‘official’ coronavirus data. Youtube and Wojcicki took it upon themselves to shelter the public from an opposite narrative that claims herd immunity works and the fatality rate for Covid-19 was extremely over-exaggerated.

Bitcoin.com's Mining Video Censored: The Tale of Youtube's Blatant Censorship and Propaganda
California Dr. Daniel W. Erickson and Dr. Artin Massihi had their video removed after it gained 5 million views. Erickson’s statements suggested that the lockdowns were unnecessary for a virus that has a 99% survival rate and that so-called experts like Dr. Fauci were disregarding basic herd immunity science.

We now know that the proof is right in front of our faces and many respected scientific think tanks and epidemiologists have told the public that the lockdowns were very irrational. Despite the proof, Youtube has banned a number of videos that go against the ongoing fear-mongering narrative. When a video was posted on Youtube that featured Dr. Daniel W. Erickson and Dr. Artin Massihi from California, the video got 5 million views before it was removed. Youtube’s excuse was:

We quickly remove flagged content that violate [sic] our Community Guidelines, including content that explicitly disputes the efficacy of local health authority recommended guidance on social distancing that may lead others to act against that guidance.

Youtube also banned a video called “Plandemic,” which featured Dr. Judy Mikovits soon after it was published on the online video sharing platform. Youtube, however, does allow videos that rebut Judy Mikovits, Daniel W. Erickson, and Dr. Artin Massihi’s narratives. The company has no issues allowing rebuttals that stay on course with the fear-mongering narrative.

Bitcoin.com's Mining Video Censored: The Tale of Youtube's Blatant Censorship and Propaganda
Youtube removed a video called “Plandemic” which featured Doctor Judy Mikovits. Mainstream media slandered Mikovits and she explained this week she is willing to testify in Congress about her perspective that goes against the current MSM narrative.

But any dissenting views against the lockdowns, stay-at-home orders, and social distancing continued to be removed to this day. The former head of biostatistics, epidemiology, and research design at Rockefeller University, Dr. Knut M. Wittkowski, recently told the public that Youtube had banned his video that went against the lockdown, and over-reaction narrative after it gathered more than 1.3 million views. Dr. Andrew Kaufman’s videos were also removed, when he spoke out against the stay-at-home narrative and the data spread by people like the epidemiologist Neil Ferguson.

Bitcoin.com's Mining Video Censored: The Tale of Youtube's Blatant Censorship and Propaganda
Youtube has banned videos from Dr. Andrew Kaufman, and the former head of biostatistics, epidemiology, and research design at Rockefeller University, Dr. Knut M. Wittkowski.

Youtube Bans a Video About Bitcoin.com’s Mining Pool

Now Youtube has banned one of Bitcoin.com’s videos for sharing information about our mining pool. The video removal was based on the company’s “sale of regulated goods” policy and the video allegedly went against “community guidelines.” The Bitcoin.com account was given a single strike, which gives the account a one week probation period. Two to three strikes could lead to far worse restrictions against the Bitcoin.com account that merely shares information and resources about cryptocurrency solutions. Bitcoin.com’s CEO Mate Tokay has spoken out against the Youtube censorship in a tweet letting the company and Wojcicki know they have been immoral.

Bitcoin.com's Mining Video Censored: The Tale of Youtube's Blatant Censorship and Propaganda
This week, Youtube banned one of Bitcoin.com’s videos about bitcoin mining. Youtube’s censorship and propaganda these past few months have been irrational and illogical. “Crypto is the future and if you think censoring Bitcoin.com will do any good you are delusional,” tweeted Bitcoin.com’s CEO Mate Tokay. “Myspace used to dominate and look at what happened to them,” he added.

History shows that censorship has produced some manipulated realities and it has furthered evil time and time again. Youtube is a private company and it can do whatever it wants, but the censorship still speaks volumes on the company’s tethered relationship with the status quo. There’s a reason why cryptocurrency videos are removed and it is because it goes against Youtube’s financial masters. The reason why Youtube bans certain groups is because those groups gain grass-roots attention and make people think critically.

Let us know what you think about Youtube’s action.😕😑 We will make sure to update all of you! Stay tuned and watch our Weekly Show: https://t.co/jOjTQqOQI9 #BitcoinCash #StayHome #cryptocurrencies #youtube pic.twitter.com/OfqjVDDYQn

— Bitcoin.com ⚡️ (@BitcoinCom) May 17, 2020

Youtube Wants to Ban Videos That Promote Critical Thinkers

Youtube has banned videos that go against the Covid-19 narrative as well, because people started realizing that a virus with a 99% survival rate isn’t as horrible as we all thought. Concrete evidence shows that the lockdowns and stay-at-home orders did absolutely nothing, even though Youtube continues to scream the less-powerful Covid-19 mantras. “Staying at home saves lives,” “We’re all in this together,” “Flatten the curve,” and other propaganda slogans are still aired on nearly every ad published on Youtube today.

Censorship and propaganda techniques paint a clear perspective of Youtube’s true colors. Censoring Bitcoin.com’s mining video bolsters the argument that Youtube does not have the best interests of global citizens in mind. If anything, people who understand Youtube’s vile acts of censorship and misinformation, should vacate the platform in great numbers and leverage a more decentralized online video sharing application like Lbry, or Bitchute. As the economic think tank Fee.org has said: “Youtube’s censorship of dissenting doctors will backfire.”

What do you think about Youtube’s censorship and propaganda techniques these last few months? Let us know in the comments below.

The post Bitcoin.com’s Mining Video Censored: The Tale of Youtube’s Blatant Censorship and Propaganda appeared first on Bitcoin News.

Filed Under: bitcoin-mining, Bitcoin.com, Bitcoin.com CEO, Bitcoin.com Youtube Account, Censorship, Dr. Andrew Kaufman, Dr. Artin Massihi, Dr. Daniel W. Erickson, Dr. Judy Mikovits, Dr. Knut M. Wittkowski, English, Google, Mate Tokay, mining pool, News, News Bitcoin, propaganda, Susan Wojcicki, YouTube, Youtube Censorship, Youtube CEO

Award-Winning Filmmaker Torsten Hoffmann Launches Bitcoin Documentary Cryptopia

09/05/2020 by Idelto Editor

Award-Winning Filmmaker Torsten Hoffmann Launches Bitcoin Documentary Cryptopia

This week filmmaker Torsten Hoffmann launched the cryptocurrency-infused documentary “Cryptopia: Bitcoin, Blockchains and the Future of the Internet.” Cryptopia discusses the powerful economy and flourishing ideas that stemmed from Satoshi’s invention through the eyes of some of the industry’s well known movers and shakers.

Cryptopia: Bitcoin, Blockchains and the Future of the Internet

The three-time award-winning filmmaker Torsten Hoffmann is back again after his acclaimed film “Bitcoin: The End of Money As We Know It.” Hoffmann’s latest picture stars people like Andreas Antonopoulos, Roger Ver, Charlie Lee, Samson Mow, Preethi Kasireddy, Wences Casares, and Laura Shin. The film discusses how bitcoin and the technology and applications that stem from it, have and continue to transform our world for the better. Further, the film touches on web 3.0, decentralized finance, and a few different themes than the last documentary. Anyone can visit the official website and watch the movie for a ticket price of $5.88 (5.40 euros) or 0.0007 BTC.

Award-Winning Filmmaker Torsten Hoffmann Launches Bitcoin Documentary Cryptopia

Antonopoulos is featured throughout the film and during the movie, the crypto evangelist said: “We don’t have broad enough adoption and we don’t have a long-term perspective to be able to determine whether cryptocurrencies will be good as a medium of exchange or store of value. The market will decide. What bitcoin is in Venezuela is different from what it is in San Francisco,” he added. Bitcoin.com’s Executive Chairman Roger Ver was also featured in the documentary speaking on forwarding economic freedom. “If you look around the world,” Ver stressed. “The way that governments finance most of their wars is through the printing money, not through direct taxation.” Ver continued by adding:

So if we can strip away the government’s ability to print money at will, we can strip away most of their power to wage these wars.

The Bitcoin Scaling Debate Highlighted

The film also touches on the scaling debate and Ver explains his distaste for the censorship that stemmed from the moderators of forums like r/bitcoin and people who consider themselves “toxic bitcoin maximalists.” It is well known that for years, thousands of comments on r/bitcoin were censored if anyone discussed the scaling topic or even if they quoted Satoshi’s own words.

“If you don’t support free speech, you don’t support Bitcoin,” Ver highlighted during the documentary. You are an enemy of Bitcoin. In fact, I myself have tried simply posting just a direct quote from Satoshi Nakamoto the creator of Bitcoin… word for word from Satoshi. I have had that very quote deleted. They are literally censoring words from the creator of Bitcoin,” Ver added.

Award-Winning Filmmaker Torsten Hoffmann Launches Bitcoin Documentary Cryptopia

Some other comments from the cast were Litecoin’s creator Charlie Lee and Blockstream’s Samson Mow. Lee noted that “in order for cryptocurrencies to thrive we need to work with the current financial system.” Meanwhile, Mow discussed the company’s notorious satellite project saying: “Blockstream satellite is a needed technology in order for bitcoin to become the foundation of a new global financial system.” In order to catch the rest of the commentary from the crypto industry’s biggest names, you’ll have to grab a ticket from Hoffmann’s Cryptopia website.

Award-Winning Filmmaker Torsten Hoffmann Launches Bitcoin Documentary Cryptopia

Hoffman said that the first film had a lower budget and this time around, the team put 8X the funding into Cryptopia. Screen Australia, A German broadcast co-production helped bolster the production costs. “This allowed us to tell our story in a more ambitious cinematic universe. Elaborate 3D animations were created to illustrate blockchain’s inner workings. We fly 5-person crews into a remote part of Switzerland to a secret location. We filmed consistently with two 4k cameras and partially even in 8k resolution,” Hoffman detailed during the release this week. You can check out the trailer below and also see the whole film at the Cryptopia website.

What do you think about the Cryptopia film? Let us know in the comments below.

The post Award-Winning Filmmaker Torsten Hoffmann Launches Bitcoin Documentary Cryptopia appeared first on Bitcoin News.

Filed Under: Andreas Antonopoulos, Bitcoin, blockchains, Censorship, charlie lee, cryptopia, decentralized finance, English, film, Future of the Internet, Laura Shin, movie, News, News Bitcoin, Preethi Kasireddy, r/bitcoin, Roger Ver, Samson Mow, scaling debate, Torsten Hoffmann, Wences Casares

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