The film places viewers in the shoes of a group of Quadriga users who work together as amateur detectives on the case. “Trust No One: The Hunt for the Crypto King,” like any other con guy, relies on razzle-dazzle to distract from a lack of intellect. One, speaking as QCXINT, disguises himself to protect his identity. Another person’s theories overwhelm his YouTube channel. As the men scour social media and exchange inspirational comments on message boards, filmmaker Luke Sewell employs gloomy lighting and theatrical re-enactments to portray their digital sleuthing with a disproportionate sense of drama and gravitas.
“Trust No One: The Hunt for the Crypto King,” like any other con guy, relies on razzle-dazzle to distract from a lack of intellect.
The documentary (available on Netflix) focuses on Gerald W. Cotten, the founder of the Canadian cryptocurrency exchange Quadriga CX, who died in 2018, preventing many users from receiving their assets.
Documentary Overview – Trust No One
The film places viewers in the shoes of a group of Quadriga users who work together as amateur detectives on the case.
One, speaking as QCXINT, disguises himself to protect his identity. Another person’s theories overwhelm his YouTube channel. As the men scour social media and exchange inspirational comments on message boards, filmmaker Luke Sewell employs gloomy lighting and theatrical re-enactments to portray their digital sleuthing with a disproportionate sense of drama and gravitas.
Tinder Swindler, Bad Vegan, and Anna’s innovation have all brought microscopes to various planners in recent weeks – but streamer’s latest documentary exposes the most horrifying case of potential deception. Because the criminality of its subject, Gerald Kotten, has yet to be proven, it is referred to as “possible deceit.” Trust No One: The Hunt for the Crypto King depicts the rise and fall of Kotten’s cryptocurrency exchange QuadrigaCX, which failed in 2018 after the untimely death of its creator.
Was Kotten murdered? Did he make money by posing as his dead body? Is his wife involved in the case? All of these are questions that Netflix’s current crime movies attempt (and ultimately fail) to tackle. Thus the execution time of 90 minutes is quite appealing. Because of its feature-length length, the new Netflix documentary qualifies for a slot on the Weekly streamer list of the top films. Trust No One raked up over 12 million viewer hours in its first week of release, making it the third-most-popular film on the global streaming service in the previous seven days.
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People Are Interested in True-Life Events That Turn Out To Be Weirder Than Fiction
These characters cannot compete with their counterparts. The Tinder Scammer and Bad Vegan: Fame. Fraud. Refugees are Netflix documentaries. The former received 45.8 million views in its first week of release, while the latter received 26.96 million — but both are evidence that people are still interested in true-life events that turn out to be weirder than fiction. Furthermore, everyone seems to agree on Trust No One: The Hunt for the Crypto King. Cryptocurrency as a means of trade remains unknown – its independence from any central authority is both a selling point and a disadvantage of the technology.
In the latest setback for Netflix, eponymous cryptocurrency mogul Gerald Kotten takes his empire’s passwords to his grave, leaving $190 million in the digital ether (one investor loses his life savings in a desperate attempt to recoup his losses).
As a result, audiences have reacted with greater cynicism about cryptocurrencies as an investing tool – “not your keys, not your coins,” as the old proverb spreading on social media followed the documentary’s release.
Many people, including famed investor Warren Buffet, have labeled cryptocurrencies as the next “bubble.” As a result, it is vital to recognize and appreciate the drawbacks and constraints that may prevent these technologies from becoming widely used.
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Scalability Issues That Cryptocurrencies Provide
While the number of digital coins and acceptance is fast increasing, it remains dwarfed by the number of transactions completed each day by payment juggernaut VISA.
Furthermore, transaction speed is a critical statistic that cryptocurrencies cannot compete with on a par with businesses like VISA and Mastercard unless the infrastructure delivering these technologies is enormously developed. Such an evolution is complex and tough to carry out smoothly. However, several have previously offered numerous solutions to the scalability problem, including lightning networks, sharding, and staking.
Cryptocurrencies, like digitalization, will be exposed to cybersecurity breaches and may fall into the hands of hackers. Multiple ICOs have already been compromised, costing traders hundreds of millions of dollars this summer alone amongst which one of these attacks alone resulted in a $473 million loss). Mitigating this would need constant security infrastructure maintenance, but several participants are already dealing with it directly and adopting advanced cybersecurity techniques that go beyond those used in traditional banking firms.
“Watched Trust No One: The Hunt for the Crypto King on Netflix, and it just occurred to me that these exchanges can vanish with our money, and nothing will happen,” one Twitter user commented. “Trust No One on Netflix is why I don’t invest in cryptocurrency or the stock market in general,” another added. It’s evident, then, that the streamer’s latest true-crime feature is yet another cautionary story – this time, against the digital stock market as a deadly gamble, rather than dating sites or unethical restaurateurs.
With all of the potential barriers to widespread adoption, it’s clear that seasoned investors like Warren Buffet prefer to play it safe with this technology. Regardless, cryptocurrencies (and blockchain technology) are here to stay. They give far too many of the characteristics that users currently look for in a currency, such as decentralization, transparency, and flexibility. Extending the concept to include everything blockchain can accomplish across different industries further validates this idea.
Sources
- Author: Axel Metz – https://www.techradar.com/news/netflixs-latest-documentary-will-make-you-think-twice-about-cryptocurrency
- https://hitechglitz.com/netflixs-latest-documentary-will-make-you-think-twice-about-cryptocurrency/
- Author: Natalia Winkelman – https://www.nytimes.com/2022/03/30/movies/trust-no-one-the-hunt-for-the-crypto-king-review.html
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