Topic: Bitcoin might have been a FAILED experiment by the NSA - How funny would that be (Read 325 times)
August 16, 2018, 12:35:48 AM
That was quite humorous of you, but yes I wouldn't be surprised if it was created to gain ultimate control. However Bitcoin is like a bridge between the digital system and traditional system. Being the starter of cryptocurrency it still has maintained to hold its position of being the most trusted and reliable cryptocurrency, making a huge number of people financially independent till now, that's what is remarkable and will always be.
August 10, 2018, 11:49:33 AM
Why do you think it is a failed experiment? They've had a load of great programmers experimenting and developing the system, and all this code is open source. They put limits in the system that prevents it from ever growing large enough to achieve world dominance. Now they are moving in with their banking instruments to soak up most of the Bitcoin to take it away from the general public.
What a great system! Now we can wait to see what they develop out of the free code they won.
What a great system! Now we can wait to see what they develop out of the free code they won.
August 10, 2018, 11:40:00 AM
It would be really funny. That might be true. I've never thought about something like that before 
August 10, 2018, 11:37:17 AM
I'm personally a big fan of conspiracy theories, not that I believe most of them, I just like reading a good story.
I've always thought that a currency with an open ledger, like Bitcoin, could be a 'great' tool for governments to easily monitor people's finances.
It wouldn't be too far fetched to think that cryptocurrency could be an initiative from intelligence agencies to radically change the financial system.
On the other hand, it could also just be the creation of one person who just got fed up with the economic crisis and the current banking system.
It's all just speculation...
I've always thought that a currency with an open ledger, like Bitcoin, could be a 'great' tool for governments to easily monitor people's finances.
It wouldn't be too far fetched to think that cryptocurrency could be an initiative from intelligence agencies to radically change the financial system.
On the other hand, it could also just be the creation of one person who just got fed up with the economic crisis and the current banking system.
It's all just speculation...
I was hoping that someone could debate the merit of such a scenario.
Will they develop something in a proprietary language or open source?
August 09, 2018, 05:53:05 AM
I'm personally a big fan of conspiracy theories, not that I believe most of them, I just like reading a good story.
I've always thought that a currency with an open ledger, like Bitcoin, could be a 'great' tool for governments to easily monitor people's finances.
It wouldn't be too far fetched to think that cryptocurrency could be an initiative from intelligence agencies to radically change the financial system.
On the other hand, it could also just be the creation of one person who just got fed up with the economic crisis and the current banking system.
It's all just speculation...
I've always thought that a currency with an open ledger, like Bitcoin, could be a 'great' tool for governments to easily monitor people's finances.
It wouldn't be too far fetched to think that cryptocurrency could be an initiative from intelligence agencies to radically change the financial system.
On the other hand, it could also just be the creation of one person who just got fed up with the economic crisis and the current banking system.
It's all just speculation...
August 09, 2018, 05:40:54 AM
Without any proofs, all these ideas are nothing more but conspiracy theories. "Bitcoin was created by aliens", "Bitcoin was created by AI" and so on: I've seen a lot of them on this forum. It's just a waste of time to talk about Bitcoin's origin if you don't back it by some evidence. Bitcoin was reviewed by thousands of experts and so far no one has found any backdoors, this is what really is important, not who created it.
here's a crazy "conspiracy theory" just for you...Bitcoin is an Interdimensional currency
Even though I do enjoy a good little conspiracy meself, i think that whoever wrote this is kuku...
https://steemit.com/science/@ackza/we-should-get-excited-about-bitcoins-and-the-field-of-ufos-extra-terrestrials-alex-collier-david-wiilcock-and-here-s-a-lecture-i
I like it but I'm not spending any buying shit from other dimensions without knowing how the shipping works.
I would think that once fully-capable quantum computers are a real thing it might put BTC's security at risk, meaning we'd have to develop a quantum-proof coin (I remember seeing the term "quantum resistant" thrown around by some other coins but it sounds like utter horseshit).
August 09, 2018, 03:50:01 AM
Proprietary code and one single country controlling all the nodes on a global decentralized financial network? That doesn't sound about right and contradicts itself by the way. I don't know how the NSA would have arranged for a lot of nodes to be set up in multiple locations around the world either. And in the presence of China who are probably USA's greatest economic enemies the NSA wouldn't have had the resources to stop a 51% network attack should China have decided to pull the plug on the global network. Ironically China have the most hashing power nowadays and can literally control the fate of Bitcoin. This theory sounds too far-fetched to me, and even if it had a shred of truth and Satoshi Nakamoto was a rouge government agent I guess he wouldn't be among the living right now.
One possible scenario could have been that they wanted to keep the code proprietary and that they wanted to control all the nodes.
Fortunately the source code could have been leaked prior to it being implemented, because the person saw the dangers in having a digital version of Fiat currencies and then people started to run their own nodes, making it unstoppable.
You got to think outside of the box, when you come up with wild theories like this.
August 08, 2018, 12:19:45 PM
That is a really good theory to be honest. I like to read such conspiracy theories available on the web but would have prefered it more if you added some credibility to it. Anyways, I am good with my Bitcoins as long as they prove to be worthy investment and a better alternative to fiat currencies.
August 08, 2018, 12:10:24 PM
This sort of speculations and rumors are nothing new. Due to freedom of speech we can imagine whatever we like to and convey the thoughts among others. However, I would only like to look at the positive side of Bitcoin establishing itself as a better transaction instrument than fiat money slowly but surely.
August 08, 2018, 11:37:58 AM
Bitcoin is at the best position in the crypto market. However, Cripto will have to be more advanced to control. It has to be expanded and people should reach the borders. I think Bitcoin can do it. Because it's built using advanced blockchain technology.
August 08, 2018, 11:11:06 AM
Without any proofs, all these ideas are nothing more but conspiracy theories. "Bitcoin was created by aliens", "Bitcoin was created by AI" and so on: I've seen a lot of them on this forum. It's just a waste of time to talk about Bitcoin's origin if you don't back it by some evidence. Bitcoin was reviewed by thousands of experts and so far no one has found any backdoors, this is what really is important, not who created it.
here's a crazy "conspiracy theory" just for you...Bitcoin is an Interdimensional currency
Even though I do enjoy a good little conspiracy meself, i think that whoever wrote this is kuku...
https://steemit.com/science/@ackza/we-should-get-excited-about-bitcoins-and-the-field-of-ufos-extra-terrestrials-alex-collier-david-wiilcock-and-here-s-a-lecture-i
August 08, 2018, 09:08:26 AM
Without any proofs, all these ideas are nothing more but conspiracy theories. "Bitcoin was created by aliens", "Bitcoin was created by AI" and so on: I've seen a lot of them on this forum. It's just a waste of time to talk about Bitcoin's origin if you don't back it by some evidence. Bitcoin was reviewed by thousands of experts and so far no one has found any backdoors, this is what really is important, not who created it.
August 08, 2018, 08:31:53 AM
I have some lacking of knowledge in this topic but if you try to experiment with bitcoin then my advice will be try to proper information and understand it all the protocols otherwise you will face failure
August 08, 2018, 07:12:29 AM
Proprietary code and one single country controlling all the nodes on a global decentralized financial network? That doesn't sound about right and contradicts itself by the way. I don't know how the NSA would have arranged for a lot of nodes to be set up in multiple locations around the world either. And in the presence of China who are probably USA's greatest economic enemies the NSA wouldn't have had the resources to stop a 51% network attack should China have decided to pull the plug on the global network. Ironically China have the most hashing power nowadays and can literally control the fate of Bitcoin. This theory sounds too far-fetched to me, and even if it had a shred of truth and Satoshi Nakamoto was a rouge government agent I guess he wouldn't be among the living right now.
August 08, 2018, 06:59:08 AM
They create a decentralised currency that they can't control to control the money supply? How does that work exactly? I think if the NSA or America wanted to create something to overtake fiat then they'd create something that they had total control of and can directly manipulate, but the US already has something like that and it's called the USD which they would much rather people use. Let me know when barrels of oil start getting priced in bitcoin then you might be on to something.
And who is satoshi or this group?
As funny as it sounds, it is not. It has been developed by an anonymous group or my a person which goes by the name of Satoshi. failed attempt or not, the world is grateful for such an invention which has made the people's lives better.
And who is satoshi or this group?
August 08, 2018, 06:56:17 AM
HOW TO MAKE A MINT: THE CRYPTOGRAPHY OF ANONYMOUS ELECTRONIC CASH
Laurie Law, Susan Sabett, Jerry Solinas
National Security Agency Office of Information Security Research and Technology
Cryptology Division
18 June 1996
http://groups.csail.mit.edu/mac/classes/6.805/articles/money/nsamint/nsamint.htm
¯\_(ツ)_/¯
Laurie Law, Susan Sabett, Jerry Solinas
National Security Agency Office of Information Security Research and Technology
Cryptology Division
18 June 1996
http://groups.csail.mit.edu/mac/classes/6.805/articles/money/nsamint/nsamint.htm
¯\_(ツ)_/¯
Let's not forget dude that the NSA also developed SHA technology.
This is from an interesting paper on SHA.
The Secure Hash Algorithm (SHA) was developed by the NIST in association with the
NSA and first published in May 1993 as the Secure Hash Standard. The first revision to
this algorithm was published in 1995 due to a unpublished flaw found, and was called
SHA-1. The first version, later dubbed SHA-0, was withdrawn by the NSA. The SHA
hash function is similar to the MD4 hash function, but adds some complexity to the
algorithm and the block size used was changed. SHA was originally intended as part
of the Digital Signature Standard (DSS), a scheme used for signing data and needed a
hash function to do so.
If the original SHA had flaws, its theoretically possible SHA-256 also has flaws, though its highly unlikely since none of the world's best cryptographers have yet identified them.
August 08, 2018, 06:09:17 AM
Imagine if Bitcoin was an attempt by the NSA to control the global money supply? They might have developed this as a prototype for some proprietary code and then someone leaked the Source code to the internet. They might have thought that they would be controlling all the nodes on a global decentralized financial network for ultimate security.
This will also explain why nobody has stepped forward to claim ownership of this technology. The consequences of a revelation like that would be a major embarrassment for whatever government agency that was responsible for that.
Just imagine how funny it would be if Bitcoin was developed to gain ultimate control and now it spread like wildfire to do the complete opposite of what it was developed for.
This will also explain why nobody has stepped forward to claim ownership of this technology. The consequences of a revelation like that would be a major embarrassment for whatever government agency that was responsible for that.
Just imagine how funny it would be if Bitcoin was developed to gain ultimate control and now it spread like wildfire to do the complete opposite of what it was developed for.
Maybe Satoshi was at that time just like Snowden nowadays, a former employee of NSA who has decided to put into practice something that the agency obviously worked back in 1996 considering link posted by BitPotus . After Satoshi let the genie out of the bottle, it is possible that he has been hiding for some time until they find him.
It is interesting that in that document is a name of Tatsuaki Okamoto, as one of the references and also as one of potential candidates for Satoshi Nakamoto. Back in 2013 there is some discussion about this : https://bitcointalksearch.org/topic/tatsuaki-okamoto-satoshi-nakamoto-235289
August 08, 2018, 05:22:32 AM
It is an interesting conspiracy theory but I don't think that this is true because it will lead to so many people into depression and suicide in some cases, this would be just terrible news. I hope it's not.
August 08, 2018, 04:40:30 AM
According to NSA, nobody has come across to claim the ownership of bitcoin and its usefulness is still a mystery. No one knows if the bitcoin was to create aiming at web based transaction system or to gain proper control over global decentralized financial system.
August 08, 2018, 04:26:21 AM
If bitcoin would a experiment and if they failed in the experiment you and I would never knew about the experiment.
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