Bitcoin: The End of Money as We Know It

00:00:02 - Look closely.

00:02:06 - What the internet did for information

00:04:40 History may not repeat itself

00:06:58 A bad Cacao crop

00:08:53 And in fact

00:10:53 The power to marry into royal families

00:13:48 The central bank soon also managed the entire debt

00:16:42 as the global financial super power.

00:19:28 Not just personal debt, not just corporate debt

00:21:40 - The Federal Reserve has been given the impossible task

00:24:25 It's proof that the value of your cash

00:27:11 to create new money.

00:29:56 or medicine, they chose a career playing with

00:32:52 in ever more complex ways, slicing, dicing

00:35:33 to warn fellow citizens of the coming danger.

00:38:26 - Bernard von Nothaus's arrest

00:41:03 to improve Bitcoin's features and security.

00:43:20 And because the blockchain is public

00:45:36 And that's something that's the most exciting about Bitcoin

00:48:00 is there's a lot of risk.

00:50:19 if you were to replace all transactions globally

00:52:59 that if you just sort of stop doing a few things

00:55:36 The F.B.I. brought down Silk Road.

00:58:20 is a digital cash.