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Topic: is it possible that the bitcoin was created by governments? - page 2. (Read 22554 times)

full member
Activity: 952
Merit: 105
According to conspiracy theory, Is it possible that the bitcoin was created by governments to gain financial strength in the modern world?
There is absolutely no connection bitcoin created by the government, the concept of decentralized bitcoin development, this will affect the financial system involving the government, so far there has been no strong reference that says bitcoin is created by the government, conspiracy theories also cannot be associated with bitcoin travel. Even if this is the case, bitcoin can be regulated as the dollar reacts in an increase or decrease in price, in general this relationship has no correlation that can be attributed to existing data and sources
Different mindsets different ideas, but this cannot seem to be a practical idea.
However maybe in the days to come. Things will get better and more people will get benefited from crypto, through proper research and education
sr. member
Activity: 1246
Merit: 490
Bitcoin Casino Est. 2013
According to conspiracy theory, Is it possible that the bitcoin was created by governments to gain financial strength in the modern world?
There is absolutely no connection bitcoin created by the government, the concept of decentralized bitcoin development, this will affect the financial system involving the government, so far there has been no strong reference that says bitcoin is created by the government, conspiracy theories also cannot be associated with bitcoin travel. Even if this is the case, bitcoin can be regulated as the dollar reacts in an increase or decrease in price, in general this relationship has no correlation that can be attributed to existing data and sources
hero member
Activity: 2828
Merit: 720
Leading Crypto Sports Betting & Casino Platform
Ultimately, what matters is that Bitcoin works as a decentralized cryptocurrency no one can stop (even though Satoshi abandoned the project some time ago). I don't really care if Bitcoin's creator is dead or alive as long as it works as intended. The pioneer cryptocurrency's been doing fine without Satoshi anyways. Who knows if someday people give up on their quest trying to find who the real Satoshi is? Just my opinion Smiley
THe countries which are more crypto friendly - are more progressive people are trading and buying with ease and confidence than those living in the regions where crypto and gambling is banned.
So I wish there is an ease for the traders and investors and buyers and world become a more progressive place to live.
Crypto isnt everything yet if you do live on a country which is totally negative or been prohibited on that place then you do still have other option yet considering that this market is anonymous and can be accessed

on different ways then i dont really see much of a problem on making yourself progressive at least.I dont really believe on what op is statin about bitcoin created by the government considering on how
decentralized it is then it is something  that gov't cant really let loose into the public since they would really know the cons or the results.

So its not really that much possible about those presumptions and also why would really be giving out too much stance against crypto if they do know that they are the ones behind?
Alibi or just showing off? not really that convincing imho.
full member
Activity: 952
Merit: 105
Ultimately, what matters is that Bitcoin works as a decentralized cryptocurrency no one can stop (even though Satoshi abandoned the project some time ago). I don't really care if Bitcoin's creator is dead or alive as long as it works as intended. The pioneer cryptocurrency's been doing fine without Satoshi anyways. Who knows if someday people give up on their quest trying to find who the real Satoshi is? Just my opinion Smiley
THe countries which are more crypto friendly - are more progressive people are trading and buying with ease and confidence than those living in the regions where crypto and gambling is banned.
So I wish there is an ease for the traders and investors and buyers and world become a more progressive place to live.
legendary
Activity: 3108
Merit: 1351
www.Crypto.Games: Multiple coins, multiple games
As far as I know, governments don't like a decentralized system. The Bitcoin principle is the opposite of the government's principle. So, it doesn't make sense if governments are trying to ruin their own principle by creating Bitcoin. People or a person who creates Bitcoin must be anti-government, they/he is unhappy with the centralized system used by the governments. That's why they or he made a solution by creating something that can't be controlled by the government.  Wink

*Check again Bitcoin WP https://bitcoin.org/bitcoin.pdf, please understand its implicit goal!

Exactly. Something they cannot control will be consider as the #1 threat to government's existence. Some governments and central banks already fear Bitcoin will take over the world as the leading currency. That's why you see constant opposition from said entities in order to prevent as much people from using Bitcoin on top of Fiat. You wouldn't see such attitude towards Bitcoin if governments created it in the first place. What makes sense is that a person or collective designed Bitcoin as some sort of protest against the government-controlled monetary system.

Ultimately, what matters is that Bitcoin works as a decentralized cryptocurrency no one can stop (even though Satoshi abandoned the project some time ago). I don't really care if Bitcoin's creator is dead or alive as long as it works as intended. The pioneer cryptocurrency's been doing fine without Satoshi anyways. Who knows if someday people give up on their quest trying to find who the real Satoshi is? Just my opinion Smiley
legendary
Activity: 1750
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Indeed, I don't really care who Satoshi is, because he decided to remain anonymous and we should respect that decision. But I'm sure it can't be the government, the governments are trying to find a way to stop bitcoin so it can't be their creation, if bitcoin is centralized then we can be suspicious.

Bitcoin has been helping us reduce our reliance on fiat and banking, which is great but I don't expect it to beat fiat and banking. This will only increase tension between the government and bitcoin.

It's crazy to believe the government created Bitcoin when they were doing fine with Fiat.
Yes, this is true and governments have been quite satisfied all this time with fiat. Bitcoin with its principles and features, on the contrary, interferes with them. I don't think governments would create something that they can't manage and have no power over. Moreover, they did not pay attention to bitcoin for a long time. It was only when bitcoin became widespread around the world and became significantly more expensive that governments wanted to regulate it. Again, for the purpose of collecting taxes. If bitcoin were their creation, they would have been collecting taxes from bitcoin users for a long time, but as we can see, they have not figured out how to do this until now.
sr. member
Activity: 742
Merit: 251
I believe that governments have fully understood the problems of the Fiat, and feel their death close. For this reason, they have been creating this platform

The governments are against Bitcoin due to its decentralization. As bitcoin's underlying technology does not allow any central authority for any transaction, the government cannot regulate the monetary policy and loses its power. So, there is no possibility that they have been creating this platform
hero member
Activity: 2506
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Leading Crypto Sports Betting & Casino Platform
bitcoin is, electronic money created by Satoshi Nakamoto, in 2009. and I don't know? Satoshi Nakamoto is government or not. The clear point is that the existence of bitcoin has helped the economy of the world's people, especially for those who are interested in how they invest in bitcoin. and uniquely investing in bitcoin can be done by all circle.
The concept of Bitcoin is indeed very unique so that it can be used by all people who already know how it works and also know how to store it properly. But what is still very sad is that at this time there are so many people who only know Bitcoin by name, but have never tried to get to know it further and also invest in Bitcoin and also try to get Bitcoin for them to keep.
There are only 3 possible reasons on why people do still decide not to engage despite on hearing it out.

1. Regulation
2. Afraid to take investment risk
3. Doesnt know the basics of its utility

If ever they do just know even into its utility then its really a solid reason for them to say that it would really be just good and its really that
impossible for government to be the ones who had created it.We know on how it works and what are the benefits that it gives which is totally opposing centralization.
hero member
Activity: 2506
Merit: 576
bitcoin is, electronic money created by Satoshi Nakamoto, in 2009. and I don't know? Satoshi Nakamoto is government or not. The clear point is that the existence of bitcoin has helped the economy of the world's people, especially for those who are interested in how they invest in bitcoin. and uniquely investing in bitcoin can be done by all circle.
The concept of Bitcoin is indeed very unique so that it can be used by all people who already know how it works and also know how to store it properly. But what is still very sad is that at this time there are so many people who only know Bitcoin by name, but have never tried to get to know it further and also invest in Bitcoin and also try to get Bitcoin for them to keep.
legendary
Activity: 2156
Merit: 1086
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As far as I know, governments don't like a decentralized system. The Bitcoin principle is the opposite of the government's principle. So, it doesn't make sense if governments are trying to ruin their own principle by creating Bitcoin. People or a person who creates Bitcoin must be anti-government, they/he is unhappy with the centralized system used by the governments. That's why they or he made a solution by creating something that can't be controlled by the government.  Wink

*Check again Bitcoin WP https://bitcoin.org/bitcoin.pdf, please understand its implicit goal!

legendary
Activity: 3108
Merit: 1351
www.Crypto.Games: Multiple coins, multiple games
Indeed, I don't really care who Satoshi is, because he decided to remain anonymous and we should respect that decision. But I'm sure it can't be the government, the governments are trying to find a way to stop bitcoin so it can't be their creation, if bitcoin is centralized then we can be suspicious.

Bitcoin has been helping us reduce our reliance on fiat and banking, which is great but I don't expect it to beat fiat and banking. This will only increase tension between the government and bitcoin.

It's crazy to believe the government created Bitcoin when they were doing fine with Fiat. Creating a currency that's open for anyone to use is no other than declaring the death of banks. I think Bitcoin was created by a group of libertarians/cypherpunks instead of the government. Satoshi could've been a codename of a group of people working on the project. It's possible Nick Szabo, Wei Dai, and Hal Finney were all involved in the creation of Bitcoin. But again, it really doesn't matter because the cryptocurrency was created with decentralization in mind. If Bitcoin had a leader, then people would follow him instead of the project itself. You can see how this is the case with Ethereum's Vitalik Buterin these days.

There are some people looking to take advantage of Bitcoin's popularity by impersonating themselves as Satoshi (like Craig Wright). But they've been unable to prove their claims so far. I hope people will give up on their quest to try to find who created Bitcoin and just focus on its utility. The cryptocurrency's been a widespread success since day one, so it's possible it will last a lifetime. Just my thoughts Grin
hero member
Activity: 2786
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According to conspiracy theory, Is it possible that the bitcoin was created by governments to gain financial strength in the modern world?
How come it was made by governments but in reality some of the countries against cryptocurrency and they ban cryptocurrency to be used for either investment or currency or even just use the technology behind the cryptocurrency. I wonder what theory you read before, could you mind to put the link on what theory u were reading before? I'm curious.
sr. member
Activity: 2436
Merit: 324
Not so sure this can be done by the government as the holder of power, bitcoin cannot be created in large numbers, because bitcoin adoption has reached its highest point since they were here, conspiracy theorists do see an opportunity to create something, but it's different with centralized bitcoin and can't be duplicated by anyone, the financial power is due to the development of bitcoin up to this point, the government doesn't have too much access to it
Totally opposing thing,right? but who would be on their right minds on showing up people that they are the ones who had been created Bitcoin since from the start? But seeing on general aspect or in technicals

then something that cant really be controlled or totally anonymous and decentralized is something that government would do.They are creating on something which would really be going opposing on general idea and
preference towards centralization which is a big NO NO!

If they tend to create something just for the sake of more power and in control then they wont really be that dumb on creating Bitcoin.
hero member
Activity: 2184
Merit: 578
I'm sure it can't be the government, the governments are trying to find a way to stop bitcoin so it can't be their creation,
But, if ever governments are behind btc, they need to do that. They need to say that bitcoin is a threat to them so that people won't ever suspect them and so what anyway if we found out that btc is created by the governments? But I believe that some will like it and they will feel more confident. Usually, they are those who use btc as an asset and there are some that will try to distance their selves on btc after knowing the real truth. Usually, they are those who use btc as a currency.

if bitcoin is centralized then we can be suspicious.
What about those regulations that are being approved lately? The kyc? You didn't feel suspicious after knowing that they are now required when dealing with bitcoins?
member
Activity: 472
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Not so sure this can be done by the government as the holder of power, bitcoin cannot be created in large numbers, because bitcoin adoption has reached its highest point since they were here, conspiracy theorists do see an opportunity to create something, but it's different with centralized bitcoin and can't be duplicated by anyone, the financial power is due to the development of bitcoin up to this point, the government doesn't have too much access to it
copper member
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These conspiracy theories have been repeated over and over again. I really don't think Bitcoin was created by the government simply because it goes against what was established in the first place. Do you think a government would launch an open and decentralized currency for the world to thinker with? That would mean they're surrendering Fiat in favor of a new, global currency they can't control. The numbers just don't add up.

It doesn't matter who really created Bitcoin anyways. What matters is that people now have the ability to free themselves from the corrupt, banking system by using an alternative to Fiat that's decentralized and censorship-resistant. The community is what has kept the pioneer cryptocurrency alive even though the original creator abandoned the project a couple of years ago. If Bitcoin reached this far, then I'm pretty sure it'll last a lifetime. I'd be surprised if Bitcoin ends up beating Fiat as more people continue to lose trust in governments and banks. Just my opinion Smiley

Indeed, I don't really care who Satoshi is, because he decided to remain anonymous and we should respect that decision. But I'm sure it can't be the government, the governments are trying to find a way to stop bitcoin so it can't be their creation, if bitcoin is centralized then we can be suspicious.

Bitcoin has been helping us reduce our reliance on fiat and banking, which is great but I don't expect it to beat fiat and banking. This will only increase tension between the government and bitcoin.
legendary
Activity: 3108
Merit: 1351
www.Crypto.Games: Multiple coins, multiple games
One needs to see beyond the surface when thinking about government and their shadow operations, what you said it is true Bitcoin is an annoyance to central banks and their currencies, but that does not completely descard the posibility Bitcoin was created by an intelligence agency. It would only imply their plans got out of hand. I will give you an example:

The CIA/FBI creates Bitcoin as a alternative "anonymous" payment method/currency which they know in advance a lot of people involved in organized crime/ black market will adopt. In order to earn the trust they release the project as open source and rely only on blockchain analysis to capture their targets. They believe that eventually, when people from the dark market/ criminals realize their coins can be traced and blocked on exchanges fairly easily people will stop using Bitcoin and the project will end up abandoned, in the end they would get people in prison, that was their objective.

But it turned out the adoption, price and hashrate only increased with the years and the leftovers of their operation started a huge economical trend around the world, a market worth almost a 1 Trillion USD in BTC only.

Of course, that only an example I just made up, because I have not proof of any of that, but illustrates the fact that only because Bitcoin is contrary to the traditional banking system it is not impossible it was the creation of a team within a government.

These conspiracy theories have been repeated over and over again. I really don't think Bitcoin was created by the government simply because it goes against what was established in the first place. Do you think a government would launch an open and decentralized currency for the world to thinker with? That would mean they're surrendering Fiat in favor of a new, global currency they can't control. The numbers just don't add up.

It doesn't matter who really created Bitcoin anyways. What matters is that people now have the ability to free themselves from the corrupt, banking system by using an alternative to Fiat that's decentralized and censorship-resistant. The community is what has kept the pioneer cryptocurrency alive even though the original creator abandoned the project a couple of years ago. If Bitcoin reached this far, then I'm pretty sure it'll last a lifetime. I'd be surprised if Bitcoin ends up beating Fiat as more people continue to lose trust in governments and banks. Just my opinion Smiley
hero member
Activity: 2870
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According to conspiracy theory, Is it possible that the bitcoin was created by governments to gain financial strength in the modern world?
Any conspiracy theory can exist but think of it this way can the government develop a currency they can't control and regulate completely?. Satoshi till date has his/her or their identity hidden till date because a currency that the government can't control was the agenda. The government can't create a tool that will be used against them never no matter the strength of such technology in boast their economy.

Unless the government has the new technology that can control the cryptocurrency in the end. Obviously we are seeing governments today experience economic struggle but are still not up to grab the opportunity to utilize BTC. Its not the solution but for a number of US states, they are already taking the chance.

Which government do you think had created BTC?
Motives I guess has to be observed. None of them yet shows they can control crypto but US has FATF. Russia has energy and China has 5G.
legendary
Activity: 1736
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The government wouldn't be stupid enough to create a product that even they can't control and they even see it as an enemy working against them. Government can create anything but it will always be centralized because they want to control us all, a decentralized product will never exist in their eyes.
Satoshi is a person/team but it's amazing that they decided to remain anonymous forever. This makes bitcoin impossible to control or manage from anyone.
member
Activity: 840
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According to conspiracy theory, Is it possible that the bitcoin was created by governments to gain financial strength in the modern world?
Any conspiracy theory can exist but think of it this way can the government develop a currency they can't control and regulate completely?. Satoshi till date has his/her or their identity hidden till date because a currency that the government can't control was the agenda. The government can't create a tool that will be used against them never no matter the strength of such technology in boast their economy.
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