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The Rise and Rise of Bitcoin (2014)ro_sub-JVaLaMaLiNi ogv

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 							documentary | social and economic experiment | finance | decentralized digital currency |
 
cryptocurrencies
  
  Bitcoin is an online payment system invented by Satoshi Nakamoto, published in 2008 and

  introduced as open-source software in 2009. The system is peer-to-peer; users can transact 
  directly
without needing an intermediary. Transactions are verified by network nodes and 
  recorded in a public distributed
ledger called the block chain. The ledger uses its own unit 
  of account, also called bitcoin, which is the
currency of the network. The system works without 
  a central repository or single administrator, which has led
the US Treasury to categorize it as 
  a decentralized virtual currency. Bitcoin is often called the first
cryptocurrency, although 
  prior proposals existed. Bitcoin is more correctly described as the first decentralized
digital 
  currency. It is the largest of its kind in terms of total market value.
  
  Bitcoins are
created as a reward for payment processing work in which users offer their computing 
  power to verify and record
payments into the public ledger. This activity is called mining and is 
  rewarded by transaction fees and newly
created bitcoins. Besides mining, bitcoins can be obtained 
  in exchange for fiat money, products, and services.
Users can send and receive bitcoins for an 
  optional transaction fee.
  
  Bitcoin as a form of payment
for products and services has grown, and merchants have an incentive 
  to accept it because fees are lower than
the 2–3% typically imposed by credit card processors. 
  This is due to two things; in Bitcoin the fees are
magnitudes lower, and unlike credit cards, the 
  little fees there are are paid by the purchaser, not the vendor.
The European Banking Authority 
  and other sources have warned that bitcoin users are not protected by refund
rights or chargebacks.
  
  
  The use of bitcoin by criminals has attracted the attention of financial
regulators, legislative 
  bodies, law enforcement, and media. They listed money laundering, financing of illicit
activities, 
  theft, fraud, tax evasion, and use in black markets as possible. As of 2013, the criminal 
 
activities centered around theft and black markets. Officials in countries such as the United 
  States also
recognized that bitcoin can provide legitimate financial services to customers.
  
  Bitcoin este un sistem de
plată electronică descentralizat și o monedă digitală creată în 2009 
  de Satoshi Nakamoto.
Numele Bitcoin se referă de asemenea și la programul cu sursa deschisă 
  pentru folosirea acestor
monede, cât și la rețeaua peer-to-peer (de la egal la egal) pe care 
  acesta o formează. Spre
deosebire de majoritatea monedelor, Bitcoin nu se bazează pe încrederea 
  într-un emitent central.
Bitcoin folosește o bază de date distribuită peste noduri ale unei rețele 
  de la egal la egal
(peer-to-peer) pentru a inventaria tranzacțiile și se folosește de criptografie 
  pentru a furniza
funcții de bază pentru securitate cum ar fi asigurarea că bitcoinii nu pot fi 
  cheltuiți decât
de cel care îi deține și decât o singură dată.
  
  Construcția monedei Bitcoin
permite deținerea și transferul anonim de valoare. Bitcoinii pot fi 
  salvați pe un computer personal
sub forma unu fișier portofel sau pot fi stocați cu un serviciu 
  de portofel a unei terțe
părți, iar în ambele cazuri bitcoinii pot fi trimiși prin intermediul 
  internetului oricărei
persoane cu o adresă Bitcoin. Topologia de la egal la egal și lipsa unei 
  administrații centrale fac
nefezabil ca o autoritate, un guvern, etc. să manipuleze valoarea 
  Bitcoinului sau să introducă
inflație prin producerea lor.
  
  Bitcoin este una din primele implementări a conceputului numit
„criptomoneda” (cryptocurrency), 
  prima dată descris în 1998 de Wei Dai pe mailing listul
Cyperpunk.
  
  film language is english with romanian subtitle embedded
   						

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