Coindesk Logo

'Rise and Rise of Bitcoin' film tries crowdfunding

'Rise and Rise of Bitcoin' film tries crowdfunding

'Rise and Rise of Bitcoin' film tries crowdfunding

AccessTimeIconApr 29, 2013, 6:09 PM
Updated Sep 9, 2021, 12:16 PM

Presented By Icon

Election 2024 coverage presented by

Stand with crypto

A group of US filmmakers is using bitcoin to crowdfund its documentary on the rise of the virtual currency.

"The Rise and Rise of Bitcoin," about a computer programmer obsessed with the virtual currency, explores the competitive mining market and the startups involved in the bitcoin community.

The movie is being produced by 44th Floor Productions, DARONIMAX Media and Fair Acres Media. The director is Nicolas Mross, who previously directed horror movie Riddle.

Putting their money where their mouth is, the filmmakers hope to help fund the production with bitcoins. A donation page on their website welcomes bitcoin payments, in addition to PayPal and credit card options.

"We clearly love bitcoins, but we're happy to accept fiat as well," the page notes.

The filmmakers are seeking donations via the movie's website in part because the crowdfunding community hasn't yet embraced bitcoin payments. Kickstarter, the largest crowdfunding platform, doesn’t accept the currency ... although bitcoin supporters have tried. Kickstarter has accepted some bitcoin-related projects, however.

On the other hand, Bitcoinstarter -- a crowdfunding project specifically designed to take payments in bitcoins -- is up and running. However, it appears to have some way to go before it reaches Kickstarter-like levels of funding success.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.