Documentary to understand blockchain technology
If you can get them to read subtitles, that is. This Bitcoin-only documentary touches each and every talking point in a masterful way. From economist and punk rocker Marc Friedrich and journalist Friedemann Brenneis. Plus, from a normal person like Jan, who ends up being the star of the show.
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Chiranjeevi lives in Hyderabad, India, with his young family. He is a smiley, glass-half-full kind of guy - naturally positive and full of energy.
He's smart, too, and works in an Indian tech company. He's the least likely person, you'd think, to fall victim to an online scam. I was just lost. I told my wife and she said, 'I thought you were intelligent. How did you lose so much money? He messaged me in late October out of the blue, telling me what had happened. He wasn't just telling me about the deception, though. He was warning me. Because central to the scam was a distorted version of my reporting. Earlier this year I was given access to a Bitcoin mine in New York state.
I made a report about it - focused on how mining Bitcoin produces carbon emissions. Telegram is an encrypted messaging service, like WhatsApp, but with "channels", which can feel more like a Facebook group. The B2C Mining channel claimed to be part of a company that owned and operated a Bitcoin mine in Russia.
At the top of the group, pinned to the channel, was my report… only it wasn't quite my report. It had been altered, cutting out anything to do with climate change, and suggesting that the mine I had reported on was in fact the channel's. There were other videos, too - of happy customers who had made money. People had also posted the gains they had made.
The company claimed to mine crypto-currencies by request - with amazing profits. The group had nearly 3, members. Surely so many people couldn't be wrong? He decided to give it a whirl. He began speaking to the channel admin privately - someone who claimed to be the chief executive of B2C Mining - Vadmir Peavsky. Vadmir Peavsky is not a real person, but we'll get on to that. Twenty-four hours later, his investment was returned with interest. He couldn't believe how simple it was.
Chiranjeevi lives in a flat. He's comfortable enough. However, he has bigger dreams. He wants to live in a house, and he wants to put his children through university. Those dreams suddenly seemed attainable. He now had a side hustle, a second income, almost, investing in crypto-mining.
In five days he was hoping for some hefty returns. However, as the mining started, Peavsky began to message with bad news. The mining had run into problems. Peavsky needed more money to fix them. And if Chiranjeevi didn't pay, he might lose his investment. It wasn't the last request. The problems kept coming. More money was needed to keep the mining going, to save his initial investment. There's a point in the exchange where you think Chiranjeevi has worked it out…. But he was in too far.
He'd run through his entire savings and was now borrowing money from his family. But even then, he made one last payment, hoping, praying, it was real. Barker says Telegram's end-to-end encryption, combined with a growth in users, has attracted more and more scammers to the platform. As part of my research into the group I found another man who had been deceived. It took a bit of time for him to speak to me, and he did so on condition of anonymity.
The student, who is 19 and also from India, told me he lost his and his family's savings. Peavsky began to pressure him to invest more. Eventually the student did. He promised the people he loved he could give them big returns in exchange for their rupees. But to his horror, the "just one more" payment requests started coming. If he didn't pay within a certain time frame, his entire investment was to be forfeited.
The student began to realise that it was a scam. Terrified, he began to beg Peavsky to give him his money back. Finally, Peavsky asked him, as if it were a ransom video, to upload a clip of him saying how pleased he was with the service.
It helps to explain why there were so many positive videos on the group channel: some had been made under duress. The student told me he felt suicidal after that final exchange.
I had many questions about the scam, but the most obvious was: who is Vadmir Peavsky? This is a real company, based in Almaty, Kazakhstan. But it's not run by Vadmir Peavksy. The company builds Bitcoin mines for clients, and repairs machinery. Some of their pictures and branding had been used on the Telegram channel.
The scammers used this picture, taken from social media, claiming it was part of their mine. They also used the B2C logo and name.
That may well be because Vadmir Peavsky is not a real name. We know that, because the pictures of Mr Peavsky used on the Telegram channel actually belong to a man called Vladimir Paevskiy - a subtle but important difference in spelling. Vladimir Paevskiy is real. He's 34 and from Moscow. He is a crypto-investor and has more than one million followers on Instagram. He regularly shares pictures of himself standing in front of crypto-mining equipment. Vladimir Peavskiy told the BBC his identity had also been taken by the scammers.
Both of the scam victims I spoke to paid Peavsky using different crypto-currencies. To do this, they needed to send the money into the scammer's digital wallet, which has a specific ID number. He's an expert at monitoring and analysing crypto-scams. He's asked us not to use his surname. They had used the same wallet over and over again, some 60 payments being made into one account alone. There's likely to be more that Frank could not find, too.
The scammers were making money but they had been sloppy. The group redirected the crypto they had convinced people to pay them into several crypto-exchanges, where the currencies can be swapped for cash. Two of the exchanges were based in India - bitbns.
It is an organised criminal gang," he says. Chiranjeevi always thought he was talking to a Russian. The scam was so convincing that even now when you tell him that Peavsky isn't a real person, he can't quite believe it.
That the scammers are likely to be from India is good news for the victims. The information Frank collected has been handed over to the national cyber-crime department of the Indian Ministry of Home Affairs.
These kinds of scams can have devastating impacts on victims and families. And the scale at which they operate is vast. It is fraud on an industrial scale. Chiranjeevi still can't believe he was scammed. Such was the stress he was under during the five-day mining process, he says he was almost relieved when he finally worked out it was a scam.
As for the student, he says he is no longer suicidal, but he hasn't told the people he borrowed from that he's lost their money. He's now working evenings to try to earn the money to pay them back. He says it's affecting his studies, but what can he do? He has no choice. You can listen to the radio documentary about this investigation, 'The Fake Bitcoin Mine' here:. His Twitter handle is jamesclayton5. Modi's Twitter hacked with bitcoin tweet.
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Cryptocurrency is the hot topic discussed everywhere in the world. To understand the history and contemporary trends of Blockchain and Cryptocurrency are the key for doing crypto trading. Blockchain has developed so much in the previous decade that you cannot read about it in one hour. The answer is NO, to understand the history and how blockchain works takes a lot more time than we can anticipate. That is where cryptocurrency movies and documentaries come in. These cultural productions help you learn the history, types of currencies, and the potential future of the cryptocurrency world in a couple of hours. Since there are so many movies and documentaries on the topic, creating a proper shortlist may take some time. Well, we have got that covered for you.
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E-mail: d. E-mail: J. The authors are listed in alphabetical order, and contributed equally to the development of ideas, and to the writing of the article. This article offers a normative analysis of key blockchain technology concepts from the perspective of copyright law. Some features of blockchain technologies—scarcity, trust, transparency, decentralized public records and smart contracts—seem to make this technology compatible with the fundamentals of copyright. Remuneration may happen on online distribution platforms where the smart contracts reside.
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In the film, the main characters are known money launderers looking for alternative means of laundering their money. Recommended for the fans of everything with the prefix "cyber". Since the beginning of the cryptocurrency hype, documentary filmmakers showed interest in the blockchain and the opportunities it provides. Here's everything you need to know. Subscribe for an international weekly news from the world of digital economy.
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