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Launched First Documentary Fully Funded With Bitcoin (BTC)

Written by publisher team

Today at 9:00 PM ET, the first ever BTC-based documentary will be released on the Swan Bitcoin YouTube channel. Called “This Green Machine: Bitcoin and the Future of Clean Energy,” it addresses energy consumption concerns and their implications for this cryptocurrency.

Raised by many politicians, mainstream media, and others, Bitcoin and its alleged energy use have been in the spotlight for several years. Its critics claim that bitcoin mining uses the same amount of energy as small nations, and argue that it could negatively affect efforts to slow global warming.

On the contrary, the documentary suggests that Bitcoin and its Proof of Work consensus algorithm are a better and more energy efficient use of the US dollar. This is why BTC mining opens up new possibilities for the community.

Related reading: Comparing Bitcoin Blockchain Data Volume with Latest Technologies

The film addresses these issues and attempts to answer the question of how Bitcoin contributes to achieving “zero carbon” emissions. According to a press release shared with Bitcoinist, This Machine Greens received BTC funding through crowdsourcing.

Directed by Jimmy King and produced by Enrique Posner of L9 Gods, Zach Weiner and Joe Gallagher of Bitcoin Movie Club. It will be 43 minutes long, ranging from topics such as the history of money, the importance of energy efficiency to society and how BTC plays a major role in this context.

The film will also be available on the official website thismachinegreens.com. Swan Bitcoin CEO Cory Klippsten said the following on the project:

The environmental argument presented here is strong. This movie addresses misconceptions about Bitcoin’s energy use and shows that Bitcoin mining is actually a net positive for the environment.

What’s next for this foundational Bitcoin project?

The film included interviews with experts on the subject, such as Meltem Demiros, CSO at CoinShares; Nick Carter, Partner at Castle Island Ventures; Led Alden, Principal Economic Advisor to Swan Bitcoin; Caitlin Long, CEO of Avanti Financial Group; Alex Gladstein, CSO for the Human Rights Foundation, and many others.

Related reading: Why this meeting with Jack Dorsey could be a turning point for Bitcoin

The production team behind This Machine Greens is currently accepting donations for their next documentary, TRUST. Similar to their first movie, this project will be funded entirely by Bitcoin and its community.

Unlike traditional film producers, this BTC-based initiative can receive funds from anywhere in the world without the need for permission from a central authority. Funds remain under the production team’s control.

Hence, why can the film follow its independent and creative ambitions to capitalize on the censorship-resistance properties of BTC. The production team is also benefiting, as was the case with This Machine Greens, from a budget surplus due to the high price of BTC during the creation of the documentary.

Related Reading: Institutional Flows to Bitcoin See Significant Increase After 8-Week Drought

At the time of writing, BTC is trading at $46,677 with a gain of 4.5% on the daily chart.

BTC with small gains on the daily chart. Source: BTCUSD Tradingview

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