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‘Human B’ shows a personal journey with Bitcoin

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‘Human B’ shows a personal journey with Bitcoin

The human side of Bitcoin (BTC) is seldom explored in legacy or mainstream crypto media outlets. Even within the Bitcoin space, Bitcoin is “number goes up” technology, while catchphrases like “Bitcoin to the moon” and “have fun staying poor” rattle around like coins in a jar. 

Bitcoin documentaries tend to sensationalize Bitcoin as a panacea to the world’s problems instead of offering nuanced portrayals of Bitcoin’s impact on the individuals who form the decentralized movement.

Moreover, while the price per Bitcoin has inflated, ballooned and popped over the past five years, a steady stream of new people is flowing into the Bitcoin space. Human B follows the journey of a man named Jan as he becomes a resolute Bitcoin believer. The film hovers around Jan, the “normal citizen” who, during a break between jobs, starts to learn more about fiat, or government-issued, money.

Jan was an editor and musician prior to his journey into Bitcoin.

In the film, Jan explains that fiat money is “bad” because it’s limitless. Fiat money is designed to lose its purchasing power over time. 

“I was extremely irritated at first because I thought, how is this possible? Why am I just casually discovering this while all the experts are wrong?”

The epiphany sends him spiraling down the proverbial Bitcoin rabbit hole, and he sets off on a journey to Miami, Florida. “I’m not the first to run into a crowd,” he concedes, but “I feel that this is about something really crucial.”

Recent: Amid crypto winter, central banks rethink in-house digital currencies

The film also interviews a number of key figures in the industry, including Marc Friedrich, a best-selling German author; Alessandro Ceceres, a Venezuelan who is now marketing manager at Luxor; and Anita Posch, a Bitcoin activist. These interviews provide valuable insights into the motivations and goals of the people driving growth in the Bitcoin economy, as well as their thoughts on the future of this emerging technology.

An artsy, nuanced take that avoids cliché, lazy pop culture memes and slapdash cutaways to soundbites of Michael Saylor, Max Keiser or Jack Mallers, directors Aaron Mucke and Eva Mühlenbäumer take a soft approach to the story arc. At a gentle rhythm, the story uses wit, character and charisma to give life to Satoshi Nakamoto’s invention.

Pierre Corbin, a Bitcoin consultant and documentary maker shared his opinion on Human B with Cointelegraph: “I liked how the beginning shows the Bitcoin culture and the passion of the people working in the space, all while being intellectuals. It is shown for newbies that are not maxis and understand the Bitcoin pop culture. I could show it to my family and maybe they would finally understand why I am obsessed.”

Among the chaos of the COVID-19 pandemic, the film takes the viewer from Germany to Austria to Mexico and, finally, to Miami, where El Salvador’s Bitcoin Law is first announced. And while the film’s focus is on protagonist Jan, who slowly plans, then executes, his trip to Miami’s Bitcoin 2021 Conference. The documentary collates quirky interviews with well-known German Bitcoiners.

Gigi, a pseudonymous household name among Bitcoin circles, stars as a giggly, eccentric man dressed in a greenscreen suit. To those new to Bitcoin, Gigi is a software engineer and Bitcoin author whose true identity is not known.

Gigi in his element.

He bounces around an art studio, explaining complex Bitcoin concepts with graffiti. The German paints Bitcoin equations onto white walls while sporting a chroma-key bodysuit, sunglasses fit for a Matrix remake and over-ear headphones. He chuckles away to the viewer, explaining that Bitcoin employs “meme warfare.”

Gigi sits on a Matrix chair, taking the viewer through “meme warfare.”

Elsewhere, a relaxed Anita Posch — another German-speaking Bitcoin educator — details her love of Bitcoin’s use in Africa. She narrates personal stories while the camera follows her cycle through rolling Austrian hills, such as the story behind the Bitcoin tattoo on her wrist. She explains that the thunderbolt–a nod to the Lightning Network–stands for “energy,” when asked by those who haven’t understood Bitcoin yet.

Recent: Going cashless: Norway’s digital currency project raises privacy questions

The tattoo scene is a neat hint at one of the film’s underlying messages: Bitcoin is misunderstood. Rooted under the headlines, the mudslinging and the memes that dominate the Bitcoin space, the profound impact of Bitcoin on human lives is slowly bearing fruit. From Senegal to El Salvador, Switzerland to Indonesia, stories of how Bitcoin has changed lives for the better are gracing the world — but those stories live underneath the headlines.

Posch cycles through central Europe.

Support and analysis from mainstream reporter Friedemann Brenneis fleshes out further details on why Bitcoin is so misunderstood. He pins media headlines to a board, demonstrating that, contrary to popular reports that Bitcoin is dead, there’s “more to it than the media reports.”

Brenneis takes stock of mainstream media narratives.

As Corbin told Cointelegraph, Human B is the sort of documentary that you could show to friends or family who are not sold on Bitcoin and they might finally get it. Plus, the animations and narrative details are well-crafted yet instructive. Corbin highlighted one of these creative touches: “For example, when the fiat monetary system is explained and the banker gives out the loans by pressing ‘Enter’ repeatedly.”

In all, amid a sea of Bitcoin documentaries that, at times, feel like propaganda or clarion calls for greater Bitcoin adoption, Human B is a thoughtful, personal account. It recently hit 250,000 views on YouTube and is also available on Vimeo.

The views, thoughts and opinions expressed here are the authors’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.


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Cryptegrity DAO (ESCROW) is Now Available for Trading on Hotbit

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Cryptegrity DAO (ESCROW) is Now Available for Trading on Hotbit

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Hotbit Exchange, a global crypto trading platform, officially listed $ESCROW (Cryptegrity DAO) on January 27, 2023. The ESCROW/USDT trading pair is now available for all users of Hotbit Exchange.

To increase trust and protect the funds of buyers and sellers, Cryptegrity DAO (ESCROW) has introduced a means to trade crypto for goods and services without fear of theft or services not rendered, providing Security via smart contract technology. Its native token $ESCROW has been listed on Hotbit Exchange at 07:00 AM UTC on January 27, 2023, to expand its global reach further and maintain a secure and reliable platform for the exchange of goods and services using crypto.

INTRODUCING CRYPTEGRITY DAO

Cryptegrity is a blockchain-based platform that aims to increase trust between buyers and sellers of goods and services. The platform utilizes smart contract technology and cryptographic techniques to ensure transactions’ integrity and funds’ security. 

Cryptegrity’s web3 platform offers transparency and peace of mind that is impossible with traditional web2 competitors. Buyer funds are locked in an audited smart contract and released to the seller only when goods are received or services are rendered. This ensures that buyers and sellers can have confidence in the security of their transactions and reduces counterparty risk.

25% of revenue is distributed to $Escrow holders in real-time through smart contract technology. This revenue sharing continues for the lifespan of the platform or until all tokens are repurchased from public circulation. The Cryptegrity platform incentivizes the community and holders to help create liquidity and earn rewards by offering $Escrow for creating $Escrow LP pairs and staking them. Additionally, the Cryptegrity DAO rewards participants for contributing and resolving issues on the platform.

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In conclusion, Cryptegrity is an innovative platform changing our thoughts about online identity verification. With its cutting-edge technology, user-friendly interface, and listing on Hotbit, this project is poised to make a big impact in the industry.  

About $ESCROW Token

The Escrow Token serves dual purposes: it distributes platform fees to Token holders via revenue sharing and functions as a governance token with voting rights in the Cryptegrity DAO. It is the native token of the Cryptegrity Platform and is built on the Bep-20 and Erc-20 standards.

ESCROW has a total supply of 100 million tokens, with the following allocation: 10% to founders, 10% to the team, 10% for marketing and development, 10% for promotions, 10% for partnerships, 10% for liquidity for future DEX and CEX, and 40% available for sale to the public.

The ESCROW token is now available for trading on Hotbit Exchange starting at 07:00 AM UTC on January 27, 2023. Investors can easily buy and sell the token in relation to the Cryptegrity Project. The listing on Hotbit Exchange will aid in expanding the project’s reach and increasing market attention.

ABOUT HOTBIT

Founded in 2018 and holding Estonian MTR license, American MSB license, Australian AUSTRAC license, and Canadian MSB license, Hotbit cryptocurrency exchange is known as a leading trading platform that continues to develop and integrate various forms of businesses such as spot trading, financial derivatives, cryptocurrency investment and DAPP into one platform. Hotbit has already gained over 8 Million registered users from more than 210 countries and regions. Based on its globalized and unified strategies, Hotbit continues to focus on world’s emerging markets, such as Russia, Turkey and Southeast Asia markets and was ranked one of the top 3 most welcomed exchanges by Russian media in 2019. Hotbit is constantly introducing and listing high-quality crypto projects so its users can directly trade, manage, track, and analyze cryptocurrencies, making the entire experience easier for ordinary people.

Start Trading Now: Hotbit.io

Telegram: https://t.me/Hotbit_English 

Twitter: https://twitter.com/Hotbit_news


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Centralized Exchange Tokens Post Solid Gains in January Despite SEC Interest; Bitcoin, Ether, in the Red.

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Centralized Exchange Tokens Post Solid Gains in January Despite SEC Interest; Bitcoin, Ether, in the Red.


“If demand for trading on the FTX platform increased, demand for the FTT token could increase, such that any price increase in FTT would benefit holders of FTT equally and in direct proportion to their FTT holdings,” the SEC wrote in its complaint. “The large allocation of tokens to FTX incentivized the FTX management team to take steps to attract more users onto the trading platform and, therefore, increase demand for, and increase the trading price of, the FTT token.”


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Australian Government Flagged FTX Concerns Eight Months Before Downfall

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Australian Government Flagged FTX Concerns Eight Months Before Downfall

A new report shows that the fallen crypto exchange FTX had already caused concerns with the Australian regulator months before its collapse. According to a document on The Guardian Australia’s website, the ASIC (Australian Securities and Investments Commission) started investigating the firm’s local operation last March.

An article in the Australian Financial Review prompted the concerns. The article outlined the now-bankrupt exchange’s plans to launch in Australia within a few weeks. FTX caused more concerns when rumors that it would allow users to purchase cryptocurrencies with margin loans of 30 times their investment started making rounds.

In early April 2022, several Australian regulators held meetings with FTX leadership, and at that time, the exchange promised to operate under the stipulated while cautioning its customers about potential scams. However, the regulators somehow remained concerned about the FTX business.

Report Shows ASIC Issued Several Notices to FTX Australia Within a Few Months

In a span of four months, the ASIC had issued about four notices to FTX’s Australian subsidiary, requesting more information about its business operations. However, to avoid interfering with its law enforcement activities, ASIC did not issue the notices via a freedom of information request.

The Guardian Australia’s briefing document released on November 12, 2022, a day after FTX had filed for bankruptcy, indicates that, indeed, the ASIC had been carrying out what’s described in the document as a ‘surveillance activity’ on the fallen exchange since last March.

The document stated that since March 2022, the Australian regulator has been requesting information from FTX Australia regarding its financial offerings. Among the issues raised included the firm’s compliance with the ASIC’s product intervention order alongside pricing and how it registered new users.

FTX Licensing Strategy

It has been discovered that FTX Australian began its operations without ASIC’s approval because it evaded the usual licensing procedures by buying out an existing firm that had possessed an Australian Financial Services License since 2021.

Another revelation shows that IFS Markets, the company acquired by FTX, had also gotten the license by taking over another financial firm called Forex Financial Services a few months earlier.


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