CNN’s Morgan Spurlock ‘Survives on Bitcoin’ for a Week

[Bit_Happy]

I'm pretty sure this was one Morgan show exchanged for another in hopes of rebuilding some viewership to CNN (look up the last morgan pierce). This guy (Morgan Spurlock) did a pretty good job and I'm sure CNN took notice of their extra viewers on board tonight. However, during the segment it was shown during the transactions that the BTC price was ~$634ish during the programming element so anyone that checks the price out now is gonna LOL, that was a prob. Andreas got about a minute of face time to work his magic, unfortunately, but was quite good as normal. It was Mt. Gox heavy and ended w/ Sen Manchin's bs about Bitcoin and the unregulated environment surrounding it suggesting that the average person could be wiped out but was open to regulation to keep things legit. However, I've never seen an hour program on network news (albeit a lower viewed show) showcasing Bitcoin for this long.

I was going to look for the Youtube link, but your great summary saved me the time. 
Sounds like a good show, especially for people who don't know about BTC.

[BitcoinPenny]

Here you go!  New Youtube link for Morgan Spurlock Inside Man:

https://www.youtube.com/watch?v=f6FU-VTMt3Y

Thanks for the link, ChuckBuck! Just finished watching. Seemed like positive press. I liked it. =)

Me

[manselr]

I wanted to see a full movie length documentary after this. Is The Rise and Rise of Bitcoin still relevant and worth watching?

[ChuckBuck]

I wanted to see a full movie length documentary after this. Is The Rise and Rise of Bitcoin still relevant and worth watching?

Yes it's worth watching.  A few things are a little dated, but overall, this goes in depth much more into the details:

https://vimeo.com/115481112

Both are good documentaries.  Inside Man is like eating a slice of pizza, Rise and Rise is like eating Veal Parmagiana with Broccoli Rabe on the side.

[keelba]

The show was interesting to see from a lay person's perspective and Morgan is certainly that. He didn't really say anything wrong and did a decent job of simplfying things for the people. He got really excited and giddy when he made his first transaction but the thing is, he didn't really understand why. He made a digital transaction. Woohoo!! Apple Pay, Google Wallet, and dozens of other apps out there will let you do that. He never really touched on, nor understood, what makes Bitcoin different and why it is so cool.

He doesn't seem to understand, or at least talk about, the two biggest selling points that make Bitcoin vastly better for the end user: anonymity and decentralization. He did talk about being able to buy things on Silk Road but that's not what I mean by anonymity. Anonymity gives you the freedom of sending money to someone without fear that your personal identification could be stolen as a result of the transaction and used against you. You can send money to various merchants without some credit card company, or Apple, or Google, or Amazon, tracking every purchase you make and trying to figure out ways to use this personal information. Decentralization also frees you from getting your personal information stolen via a company hack but also prevents the inevitible corruption of centralized control of the currency.

There are, obviously, other benefits to Bitcoin and I think I remember him very quickly mentioning credit card fraud and merchant fees, things that merchants would definitely care about but the end user could not care less about.

I agree, it would be good if he ran the same concept for a show a year or two from now when things have changed some.