The concept of Vision Tree’s “Open Source Money” series has always been intriguing. It is a documentary reality television show that follows the trials and tribulations of Disney-inspired Dragonchain (DRGN) as it tries to negotiate a way through the dangerous waters of U.S. Securities and Exchange Commission (SEC) scrutiny.
As the premiere approaches at 10 a.m. Eastern time on July 4 in Discovery Science, Cointelegraph has managed to get a preview of the first two episodes. So… what’s it all about?
Dragonchain vs. the SEC
Taking away the obvious concerns first, fortunately, the program does not feel like a PR and vanity tool for Dragonchain.
Clearly, it is quite an achievement for the company to be the subject of a TV documentary, but viewers are not bombarded with pro-Dragonchain propaganda at every opportunity. Instead, Dragonchain’s story resumes after the $13.1 million initial coin offering (ICO) in November 2017, when the SEC began to take a more serious interest in the industry.
Although we often read about the fines being paid or money returned as a result of SEC investigations into the ICO, Open Source Money gives us a glimpse of the human impact.
We see Dragonchain’s CEO and founder, Joe Roets, unable to focus on developing and improving the platform Bitcoin Billionaire due to the constant stress and distraction looming over him. In episode two, he ventures out of his anger, lamenting:
“Our ancestors sacrificed themselves to create a nation based on freedom and democracy. Now our government is attacking its own citizens for developing technology based on the purest expression of those values.
Accessible to both crypt addicts and those who don’t know much
Open Source Money is not aimed purely at those who already have a good understanding of cryptomontinue and blockchain space.
The Dragonchain segments are interspersed with interviews with a number of industry figures. Only the first two episodes included Brock Pierce, Alex Mashinsky, Charles Hoskinson, and Perianne Boring, the founder of the Digital Chamber of Commerce.
This serves both as a useful introduction to cryptomoney for those who may need it, as well as a commentary on the implications of the regulatory drama Dragonchain is going through.
Viewers not only learn about the greater benefits of decentralized systems over those offered by centralized ones, but also how confusion over the regulation of digital assets is hampering not only Dragonchain, but the entire blockchain ecosystem in the United States.