Video: „Inside The Cryptocurrency Revolution | VICE on HBO“

By VICE News

„Bitcoin’s emergence as a global digital currency has been as revolutionary as it has been erratic. But while fledgling investors obsess over every fluctuation in the cryptocurrency market, nation-states are more interested in the underlying blockchain technology and its ability to revolutionize how business is done on the internet and beyond. VICE’s Michael Moynihan travels to Russia with Vitalik Buterin, inventor of the ethereum blockchain, to get a front-row seat to the geopolitical tug of war over Internet 3.0.“

„Satoshi Nakamoto who in 2009 created Bitcoin a decentralized digital currency run by no one entity and beyond the control of any government but Nakamoto, whose true identity remains a well guarded secret face an obvious problem if no physical currency exists who tracks the ownership of a digital coin to solve this he created the blockchain software that records and stores information like who owns a Bitcoin on a decentralized ledgers hared across millions of computers and can’t be changed and it’s nearly impossible to hack the big thing about fighting it’s not one single central entity that validates all the transaction the – all over the world are validating them.“

„This is the most revolutionary technology that we’ve seen since the wide scale adoption of the internet very comparable to the beginning of the internet. At the beginning it was just a protocol, very abstract, but now I mean we’re nearly doing everything in the Internet“

„The cryptocurrency is just a currency, its a medium of exchange, but also a token of the future internet.“

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