Or maybe they want to scare you to think Bitcoin is a Trojan Horse but they are actually afraid of it? Divide and conquer you know, the single best strategy for the ones who want to stay in power.
There is always going to be these kind of circuses around any global scale phenomena.
But look at what Bitcoin actually does.
Once a liquid market is established through black marketeers, small time money washers, libertarian leaning speculators, and just plain old attention seekers, Bitcoin then becomes the perfect device for capital flight out of an economy with crisis looming above it. We seen this on Monday last week, that one business day when it looked as though Ukraine's economy could go down hard. 1 day of panic buying ensued. The following day a €15 billion aid package was approved by the EU, which seemed to stabilise the situation. There was no further Bitcoin panic buying. But what if the Ukraine were an economy that the West wanted to see collapse for whatever reason? No bail out would have appeared, the Ukrinian Hryvana would continue to go into freefall, capital would be fleeing the country a little through Bitcoin but most through other means and Ukraine would be on her knees with a begging bowl held out. China and Russia have brought their boot down on Bitcoin. They see the threat that it represents to their economies. One could argue that Bitcoin also threatens the Western financial establishment and figures at some of the biggest banks have spoken out against it, yet Bitcoin in the West is somehow getting the regulatory green light. Where I live (UK), for example, the government has decided that Bitcoin is exempt from VAT. We charge 20% VAT on silver rounds here and used to also pay that on gold up until around 10 years ago. The government doesn't have to give Bitcoin an easy ride here, they could easily demonise it as the currency of drug pushers and terrorists but there are forces at work ensuring that gates are opened up for Bitcoin in The West.
I believe that it is more likely than not that Bitcoin is a US intelligence weapon of financial destruction, intended to facilitate in the undermining of the economies of 'non-compliant' rival states. Everyone knows that military research is 10-20 years ahead of what we see in the public eye. They have the unlimited funding, the pooled resources and focused high level of expertise. If Satoshi Nakamoto did not create Bitcoin as part of some project with funding ultimately coming from The Man, then he has has worked for The Man utilising all the technology used to create Bitcoin. It is after all well known, that the cryptology used by Bitcoin is NSA cryptology. It is also well known that the NSA have released encryption technologies that was meant to be completely water tight, with no back doors....only back doors to have been discovered several years down the line.
What Bitcoins is intended for will surely be revealed years down the line. I imagine that it will assist in capital flight out of various 'crisis hit' nations that the West will have designs upon, I imagine that it's value over the piece will continue to rise and rise, and I believe it will become an increasingly common means of paying for goods and services. Bringing the idea of a digital currency that exists in the cloud, and is activated by smart phones and card chips, with all transactions recorded in a public ledger forever, increasingly into the public consciousness and something that even granny does pretty much like Facebook today. Then one day, the whole thing will implode, wiping out vast fortunes in the blink of an eye. If Satoshi were working for US military intelligence when he created Bitcoin, and they do indeed control 1.5 million BTC. Then these people could destroy Bitcoin at will, anytime they choose. 'Backdoors' to break into the algorithms would not be required.
