Life on Bitcoin is a 2014 documentary film, directed by Travis Pitcher, about a young couple's experience attempting to live solely on Bitcoin, a decentralized digital currency. The film follows newlyweds Beccy and Austin Craig as they embark on a 100-day journey to live only on the currency and explore the limitations and possibilities of this new technology.
The documentary begins by introducing the audience to the concept of Bitcoin and how it differs from traditional currencies. Beccy and Austin quickly hop on board the Bitcoin train, excited to be a part of the new and growing community. They quit their jobs and set off on their journey with a few basic necessities, such as food and shelter, already paid for in Bitcoin.
Their journey is far from easy, however. The couple is constantly faced with the challenge of finding businesses and merchants that accept Bitcoin as payment. In some cases, they have to go out of their way to find these merchants, such as driving several hours to find a dentist that accepts Bitcoin. They also encounter difficulties with the Bitcoin network itself, such as slow transaction times and technical glitches.
The film highlights some of the benefits of using Bitcoin, such as the ability to send and receive money quickly and without a middleman. It also shows how it can be used as a way to avoid government intrusion and surveillance. However, the documentary is not afraid to tackle some of the criticisms and drawbacks of Bitcoin as well. For example, the volatile nature of the currency is a constant source of stress for the couple as they watch their savings fluctuate wildly.
The couple's journey takes them across the United States, from Utah to New York City, and they meet with various Bitcoin enthusiasts and experts along the way. These individuals offer insight into the future of Bitcoin and how it may change the world of finance. One of the most interesting interviews is with Charlie Shrem, one of the founders of the now-defunct Bitcoin exchange BitInstant.
Throughout the journey, Beccy and Austin's relationship is put to the test as they struggle to make ends meet and adjust to their new way of life. They also begin to realize that living only on Bitcoin may not be sustainable in the long term. The film concludes with the couple reflecting on what they've learned and how they plan to move forward in their lives.
Overall, Life on Bitcoin is an interesting and engaging documentary that offers a unique perspective on the world of digital currency. It is a must-watch for anyone interested in Bitcoin or the future of finance. The film's focus on the human aspect of this new technology, rather than the technical details, makes it accessible and engaging to a wide audience.
Life On Bitcoin is a 2017 documentary with a runtime of 1 hour and 33 minutes.
It has received mostly positive reviews from critics and viewers, who have given it an IMDb score of 7.4.
