Monday, November 25, 2013

Is Bitcoin a Government Conspiracy?


Bitcoin continues surging towards heady heights, closing in on $1000. Following growing demand in China and US validation after a convivial Senate hearing, the total transaction volume of the futuristic money has now surpassed PayPal. But bitcoin’s momentum has revived an old debate. Is bitcoin, like Tor and the internet itself, the creation of the US government?

And is Satoshi Nakamoto, bitcoin’s auspicious prophetwho, by the way, is still the largest individual holder of the cryptocurrencyreally an agent working under instructions for the NSA and DARPA? The idea may not seem as far fetched as it sounds.

“The IMF has been openly calling for a digital, one-world, deflationary currency for 2 decades,” one conspiracy theorist tantalizing wrote. “OPENLY. It has been discussed and promoted OPENLY at G8 and G20 summits”

The user cites an NSA investigation on crytopgraphic money networks that began in the early-'90s and believes that Satoshi is actually Tatsuaki Okamoto, one of the main NSA researchers.

“Scientific technology grants issued by government and intelligence agencies are how these labs are funded and promoted,” the reddit user nicolaosq writes. “The regulation and control of bitcoin has been actively developed alongside the development of the network.”

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