Steve Pulaski Before I explain the contents of The Rise and Rise of Bitcoin, let me first try to explain how the digital currency works, as not only a personal exercise but to inform those who were like me upon entering this documentary with no knowledge whatsoever of the currency or its complex system. Bitcoin is a global, decentralized currency; the first of its kind in the regard that it is not created or distributed from a central location like the Federal Reserve or the World Bank and, therefore, has no owner or sole distributor. It exists on thousand of computers, tracking and verifying the distribution of such coins, an action referred to as "mining" by the network of individuals who engage in it. The distribution and exchange of Bitcoins is kept in a digitized ledger known as Blockchain, which is accessible to anyone engaging in exchanging Bitcoins for goods or services. The coins are issued digitally, through a peer-to-peer system of people assisting with transactions. Miners earn Bitcoins for all their hard work, but their work will gradually decrease in compensation the closer that the cap of twenty-one million Bitcoins is reached. No more than twenty-one million Bitcoins will ever exist, making it the first currency that is capped and governed by scarcity.The idea for Bitcoin came from an unidentified person or group of people by the name of "Satoshi Nakamoto," who released blueprints and an intricate plan to create a digital currency. His ideas were picked up and furthered by a group of equally-ambitious internet users, who effectively found ways to help him execute his plan of action by compiling together servers and processors to aid in the act of digital Bitcoin mining. The digital currency has seen its highs and lows, with prices of Bitcoins (the currency is purchased by the American dollar) fluctuating rapidly and the first, most-recognized use for the currency being on the website Silk Road, a haven for the online distribution of illegal drugs. Nonetheless, Bitcoin believers like this documentary's director Nicholas Mross still foresaw a vast future for the currency, and helped propel it to new heights through word-of-mouth promotion and recognition thanks to websites like Reddit and Wordpress, who made the daring move to accept Bitcoin as a form of payment on their respective websites.The Rise and Rise of Bitcoin concerns just that: the rise of the digital currency, the steps being taken to assure its longevity, that all of the labor and hard work put in by its peddlers isn't for nothing, and the process its hardcore believers go through in order to get the currency accepted at local grocery and food chains. Immediately, any skepticism towards the currency is well-warranted. For one, Bitcoin's existence is entirely digitized, and because there's no sole distributor, no consumer security is promised, meaning your collected currency is available to compromise at any time without any kind of repercussions to the malicious parties or any kind of financial compensation. Combine that with the fact that the fact that not only has Bitcoin been hacked before and the fact that Bitcoin isn't governed or run in any particular way, and you have a currency that meshes in line with the very principles of anarchy.These comments aren't criticisms of Bitcoin, but rather, simple observations that struck me when watching the film. The main question I left the film with concerned the filmmakers' high ambition and scope of the currency, stating it will help the countries without a stable bank system work to put themselves on the financial map.One can't fault the key players in this revolution for lacking ambition. It's incredible to see such a wishy-washy form of finance being exhausted for all its potential in what are still undeniably the early, founding days of its existence. Part of the fun of The Rise and Rise of Bitcoin is seeing the currency touted as something with such grand potential, and it's a pleasure to see all the work, time, energy, uncertainty, and trouble that goes into not only establishing a new currency and the system of rules but trying to gain credibility in a field that seems so far beyond the mental grasp of people. I'm willing to believe we see currency - whether we're talking the American Dollar, the British Pound, the European Euro, the Japanese Yen, or the Chinese Won - as something that has always existed and any attempt to question it gets us lost in a web of tangled questions few are prepared or even capable to answer effectively. If nothing else, this documentary gives those questioning the reliability and the functionality of the system some background knowledge.In addition, the film illustrates the inherently tumultuous and admittedly frightening nature of the internet, where momentary missteps or uncertain choices can be met with grave outcomes, especially when a group of people decide to exploit a currency for all its worth and run the risk of breaking some law somewhere with a fierce legal battle ensuing. The brave souls who do this kind of dirty work, regardless of whether or not you support them or Bitcoin, are walking on a field of mines, some of which able to blow if a pin is dropped on them, but that doesn't stop those ambitious enough to challenge a system and deviate from its undeniable tumultuous nature.The Rise and Rise of Bitcoin does its job as a documentary; I walked in knowing nothing about Bitcoin and feel I emerged more knowledgeable and well-rounded on said topic. The documentary is cleanly edited, even if a bit too heavy on digital jargon without too many dependable context clues, and stands tall with one of several strong documentaries concerning the ideas brought forth by the internet and the ideology and culture the medium breeds.

diana-miller-145-440589 It is very well made and touches (and explains) most of the more interesting functions and applications of this new technology. Blockchain (Bitcoin) is the key for the decentralized future of humanity, once the centralized and corrupt current systems crumble on their own weight. So this documentary depicts why bitcoin is the future not only for money, but for many more imagined (contracts, global ledger, voting, etc) and yet unimagined decentralized and transparent services for the good of every human being.Just as reference: "Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. As such, it is more resistant to wild inflation and corrupt banks. With Bitcoin, you can be your own bank."

Bob Barker Unlike the review by Mr John Bast conveys, the current market price of Bitcoin is not relevant. Even if Bitcoin drops to $1, the technology, which has already been acknowledged as "revolutionary" by the Canadian and UK Government, will continue to effect its transformative influence on the financial industry.There is a strange subset of individuals who simply despise Bitcoin, even though it is nothing more than math and software. This leads me to believe that people like Mr. Bast are just upset they missed the meteoric rise in value last November. Nevertheless, those who take the time to understand the technology, and pay attention to the incredible growth in the industry, will see that we are at the beginning of something huge.You don't have to invest in Bitcoin at all. You can just use it, and enjoy the privacy, independence, and freedom of controlling your own money without permission from any 3rd party. Therefore "pyramid scheme" is a misnomer of epic proportions.This movie is a great look into the beginning stages of the community surrounding this disruptive new technology. So much has happened since it was made, that it is already "dated", but it gives a more technical look into what's being created, and where its going. Don't be a simpleton like John and just dismiss it outright. Take the time to learn what it is, and why its going to rock the financial world in the next 10 years. This movie is a great starting point for that research.

Harrison Kinsley I expected this movie to be a pump-you-up about the amazing-ness of super technology Bitcoin. Instead, what I got was a very down-to- earth representation of the true grassroots nature of the Bitcoin.There was actually zero focus on the money you can make by investing, or really any allusions to the fact that you could invest now and get rich. It wasn't a movie telling you about why Bitcoin is great, they showed you. Definitely a real "community" feel to the movie, no glamour, just the dirt, really. I liked it a lot. I really think the title "the Rise and Rise of Bitcoin" is more fitting to the actual infrastructure and community of Bitcoiners, having very little to do with the price.