In recent years, cryptocurrency has potentially become one of the largest scams ever to be popularized. Truly, this thing is a con-artist playground; it’s not what they say about being an opportunity for people who don’t want to use banks and need money but rather they are trying to take advantage of rich fools’ fascination with new techs. The market for digital assets includes so many stories like this and sometimes they’re all about Centra Tech which is also known as Bitconned because its rise and fall served as inspiration for the film’s plot.
Bitconned was directed by someone who made another movie that won Best Picture at the Oscars last year called The Pez Outlaw; there are some similarities between these two movies too! The documentary-style combines interviews with two former CEOs (the third is still serving time), investors themselves who were scammed out of millions, and a journalist from New York Times Magazine which first broke story on them back in 2017 along with reenactments where necessary in order to piece together timeline leading up until when everything fell apart around them. They’ve been described before as Crypto-Goodfellas because most scenes involve following Ray Trapani around while he boasts about how close they came to pulling off world’s biggest heist.
Bitconned understands that diving into all these Ethereum Blockchain FUD technical terms can be boring so instead it just tries showing them through actions or explaining briefly if absolutely necessary (ie: “Fear Uncertainty Doubt” aka FUD). This broad-strokes approach makes understanding easier without losing any important context such simplifications help audiences grasp what happened better than if filmmakers tried including more industry jargon which might confuse viewers further anyway!
As the movie progresses, Bitconned keeps plenty of cards hidden up its sleeve until ready use them later on down line somewhere within story beats structure. That means sometimes characters won’t show up until 60 minutes in when you thought they were never gonna make an appearance or sometimes it’ll wait until crazy twist like third act climax before revealing some crucial detail about somebody’s past life which changes everything we knew up until now. In fact, there probably won’t be single moment throughout runtime where mind isn’t blown at least once but don’t worry because your brain will likely shut off from overload after just first few anyway so better start stretching those rewind button fingers now!
Bitconned centers around a single interview with Ray Trapani. They make sure he is the focus by following him around for the day, showing where he lives and throwing in shots of him getting fitted for a suit while he talks about what just happened. It doesn’t set him up as some misunderstood guy who fell into it; it opens with him saying he wanted to be a criminal and lets him revel in that. You probably won’t like him by the end of this movie, but he’s such a fascinating crazy person that you can’t help but at least somewhat be interested in him. He’s the type of person who seems like they’re going to have an insane autobiography in 20 years they can’t actually profit off of because of legal reasons, and those people always make good documentaries. Also every detail from the other interviews can easily be hung off his main story, so they’re doing all the heavy lifting to keep the flow going and make you want to see him get some comeuppance; they picked a perfect figurehead to have this documentary focus on.
Another one worth watching Bitconned is about Bitcoin being a scam once more proves Bryan Storkel is one hell of a documentarian, I will watch whatever he makes alongside Jeffrey Schwarz (Who made I Am Divine & Boulevard!) forever when it comes to documentaries these guys are my ride or die! It has got all the high-stakes energy of gangster film but its subject matter is so undeniably nerdy that the contrast becomes really interesting. Its fast, effective and damn interesting even if youre not into Crypto (and why would you be after seeing something like this?)
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