The Truth about Bitcoin and Alternative Currencies

Bitcoin has been making headlines for months. With the price fluctuating wildly, is it really a currency, or just a scam? To find out, we have to analyze its properties.

Gold and silver give us good examples of which properties make a sound currency, and bitcoins seem to measure up well. Will they ultimately outcompete the US dollar, gold, or silver? We can’t know, but with the Federal Reserve devaluing the dollar every day, it is only a matter of time before people start looking for an alternative currency.

To learn more, visit: http://www.fee.org/the_freeman/detail/is-bitcoin-a-viable-currency, and to learn the basics of Bitcoin, visit: http://www.fee.org/the_freeman/detail/bitcoin-for-beginners

Bitcoin address: 15wDJRfsyomAgvX2TdW32gdYtAWZtAd1ps

Scripted, animated, and produced by Steve Patterson. Special thanks to Julia Patterson.

© 2011 WMG
Strange Currencies (Live Road Movie Version)
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The Truth about Bitcoin and Alternative Currencies

Bitcoin has been making headlines for months. With the price fluctuating wildly, is it really a currency, or just a scam? To find out, we have to analyze its properties.

Gold and silver give us good examples of which properties make a sound currency, and bitcoins seem to measure up well. Will they ultimately outcompete the US dollar, gold, or silver? We can't know, but with the Federal Reserve devaluing the dollar every day, it is only a matter of time before people start looking for an alternative currency.

To learn more, visit: http://www.fee.org/the_freeman/detail/is-bitcoin-a-viable-currency, and to learn the basics of Bitcoin, visit: http://www.fee.org/the_freeman/detail/bitcoin-for-beginners

Bitcoin address: 15wDJRfsyomAgvX2TdW32gdYtAWZtAd1ps

Scripted, animated, and produced by Steve Patterson. Special thanks to Julia Patterson.

40 thoughts on “The Truth about Bitcoin and Alternative Currencies

  1. gespilk

    !!!!!!  Considering the limited number of coins in each cryptocurrency and adding the presence of a concept  like 'Profit' will guarantee, with certainty, that the Concentrated Wealth and Cryptocurrencies will end-up in the same hands.
    THEN IT IS GAME OVER FOR EVERYBODY WHO IS NOT IN THAT CLUB !
    !!!!!!

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  3. Guitar monster

    if you think crypto currency is independent from the government and the financial system then you are very naive.

  4. Rosie Clemmons

    People who have made this =>> (https://t.co/Ku6R8K6ktn ) have done years of research in this field before making this app and it is quite evident from the results that it produces from the very first day of use. I can say all that because I am using it myself and I have never seen anything like this before. So hop on and try this app right now because you’ll never get a better one.

  5. Faktum Stream1Beatz

    How the f do i pay my dealer down the block for a dimebag in bitcoin…..??? He didnt want to hear it! He was like, get that phone out of my face

  6. Shawn Youngblood

    there is no limited supply, started with bitcoin and if it was JUST bitcoin that'd be true. But now everyone and their brother has a cryptocurrency. litecoin, ethereum and 100 more. limited my arse.

  7. Luann Siemon

    Two of my friends use this softwre with me. we love this but still my favorite is 1STMILLIONROAD BITCOIN

  8. jmsmilin

    Bitcoins history is short and the value is based off digital input and when it started out anonymity. Those things can (and have) changed rapidly. Bitcoin dived big time.Scandals also get a vote.

  9. Minion Man

    There is no intrinsic value to bitcoin. Bit could would allow for the government to monitor and tax every single transaction. There would be no privacy at all and would be much easier to manipulate than the dollar. Bit coin is the US Govenments and Kosher Bankers wet dream.

  10. Sugar Daddy

    Do I need a smartphone for BTC transactions? I see many QR codes everywhere but I don't have a smartphone to scan it.

  11. Manuel popy

    gold and silver are money…. dollars and bitshit are Currencies.
    If you don't hold it, you don't own it.

  12. Dimas Weffer

    ….La letra me hace recordar cosas que me gustaría borrar. Me encanta esta versión mas con los sonidos del violín…..

  13. Keith Gardner

    this song is about how western fractional reserve banking is a ponzi scheme and why we are at war with the middle east. the bible says compounded usury upon the money is a sin, but the quran says usurers will burn in the deepest depths of hell with the child molesters.

  14. jude999

    Could they hold a shot for just a little bit longer than two seconds? This, the shaky, out of focus camera work, and the headache inducing visual distractions make this road movie unwatchable.

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