From July to September 2017 the European Central bank asked participants of the “Euro Video Challenge” to submit a video
“on an economics topic related to the ECB’s work [...]. The challenge was to create a short film that is engaging and easy to understand, suitable for a young audience with perhaps no previous knowledge of the subject.” (see on ECB website)
The winners were officially announced on 9 November 2017 in Lyon, France.
The video awarded with the first price (€4,000) is of 2:32 minutes length and basically just says the following:
- There are many cryptocurrencies
- Bitcoin is without the control of central banks
- Bitcoin’s value is heavily fluctuating
- Bitcoin does not fulfill the functions of money
- The value of the Euro doesn’t fluctuate that much (and it’s in control of the ECB)
- Therefore → THE EURO IS BETTER
Congratz to the winners ... and thanks for sharing the deep knowledge.