Topic: is it possible that the bitcoin was created by governments? - page 3. (Read 22640 times)

Who are the exponents of the conspiracy theory in bitcoin? Government will never and ever do something that will benefits everyone in the world without having control over it. The so call conspiracy theorist has no concrete stand on the argument. Government is the key players in the international market. So, anything concerning the exchange of currency, government will take full responsibility on such issue. I believe that there is no conspiracy theory says such thing, But you are the conspiracy theorist himself. Where is the link to that theorist if you not the owner of the theory. And also there is no fact on the OP thread. Government can only create physical currency and also they can create digital currency if only the physical currency is link to the digital currency. But in this case as you can see, bitcoin and fiat currencies have nothing in common. Read this link for more information   https://fullycrypto.com/did-the-u-s-government-create-bitcoin#:~:text=Bitcoin%20Was%20Not%20a%20Government%20Creation

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.

What do you mean by maybe it happened there?
The problem of regulating is quite clear when some people in power forbid it because they are quite aware that this is something that is difficult to control so they forbid everyone to use it so that nothing can break the rules they make.
In this case it is quite clear that bitcoin is something that is very difficult to regulate but if you look now it looks like the government has also started to soften and not as hard as the initial prohibition (in my country like that). They know the ban will not have any impact and it seems they will also make improvements to the rules even though not all are legalized but there are some that they ignore for the benefit of the government itself.

Such actions on the part of the state or its government would look absolutely illogical. Why do states give someone weapons against themselves? Create a cryptocurrency, so that if you do not fight it, then have a very strong competitor to your national money? I don't see any point in this. You can assume anything, but not this. Moreover, there is no evidence for such a statement, only someone's assumptions.

Your theory is baseless but a theory nevertheless. But I’m glad you acknowledged the fact that the theory originated from wild tales and rumors from conspiracy theorists aiming to push or spread a certain propaganda to mislead people.
Personally I always keep an open mind and tend to go though these theories not minding how absurd it may sound. In this case, I find it hard to believe that the government (which government exactly?) created bitcoin.
Every government has to have some sort of control over various aspects of a citizens life to be able to keep the citizen “in check”. A “normal” government would not create a structure that gives its citizens some sort of financial freedom.
Most governments round the globe has rebuked btc and tried to poison the mind of it’s citizenry against the use of btc cause it’s something they have little control over.
In my opinion, no government has a hand in the creation of bitcoin.

Maybe some time in future - this would happen.
But if we talk about Bitcoins  -- not everyone is aware of bitcoins and how to use them. So regulating is not an easy option if the government even want to do it.

There is no way that bitcoins were created by governments. What would be the benefits for a government to create a competitor against their own fiat currency? First of all, in many countries there is political pressure to ban crypto currencies. They would never do this if the government would control it. Then secondly all the big central banks are developing their digital currencies. Why would they need them if they could control bitcoins? The independence of political influence is what makes crypto currencies so attractive. Especially now in the times of high inflation it's important to have access to an asset that can't just be printed freely.

As much as the thought may disgust us, we really don't so this cannot be totally discarded even if it seems counterintuitive.  But let's say if true, what is the endgame- surveillance, espionage, psychological experimentation, etc.?

Bytheway - which theory you are mentioning here. We don't know who invented bitcoin and he the real person on not. We are still unable to know that. Also
Government would not make a bitcoin - it will give power to the people and no government will do that.

I'm so sorry, but this is a really bad conspiracy theory. States ban the use of Bitcoin and other cryptocurrencies as means of payment. Because when Bitcoin and other cryptocurrencies are used as a means of payment, their own fiat currencies are less in demand. This causes their own fiat currencies to lose value. The situation is so clear. Why would states create something like that? Bitcoin and other cryptocurrencies can only be a nuisance to them... All conspiracy theories seem like brilliant ideas at first, but they are essentially nonsense.

If previously bitcoin was found mr. satoshi then the country is certainly more capable of making cryptocurrencies, with a team and policies it will easily become a popular crypto, but I believe the government will do too much intervention such as price control so that it will move away from the concept of decentralization.

I even think otherwise. Instead, bitcoin was created as a currency that runs in a decentralized manner, which is spread, which means it is not centralized. so that no one party can regulate it arbitrarily both in price and distribution. and with its Transparency, anyone can easily see a transaction through a bitcoin explorer. and in terms of cryptographic security features it also requires that the verified data must be the same by all Bitcoin verifiers. then this will make minimal errors or data manipulation. from this concept alone is different from the will of the government which always wants to regulate everything and always wants to be centralized. so I think from here it can be seen that the maker is not from the government. instead, he was an ordinary person who was concerned about the financial system at that time. (correct me if wrong)

Governments can create cryptocurrencies similar to bitcoin, but is it decentralized or centralized? if decentralized then this is better because the market will determine, the government can continue to control prices because it has large funds, and in my opinion the most important thing is that the benefits that citizens get are able to increase welfare.

The only real posibility I can think of where a government created Bitcoin, it would be like a way to fund inteligence operatives or agents abroad.
Perphaps, it was part of their plan to fund a little community of crypto investors (Bitcointalk) in order to provide the liquidity necessary for a person to exchange FIAT<->Bitcoin, but without being big enough to threat traditional finances, of course it is just a theory.

In my opinion, if Bitcoin is made by the government, it will be centralized, there is nothing interesting if everything is controlled by the government, what is happening with Bitcoin at this time in my opinion is good, although sometimes the price of dropping up to tens of percent but on the other hand it becomes a good opportunity to buy.

Bitcoin was created by Satoshi to help the world to reduce hardship and unemployment in the world economy. Bitcoin is a decentralized currency that is not control by the government or neither is it created by any countries of the world. Many countries that made bitcoin legalized in their countries believed that bitcoin was created by Satoshi to help humanity to make their transaction fast and safe in the communities. I think what Satoshi has created for humanity has really helped many countries to fight bad economy in their various countries.

OP when you say "conspiracy theory"  then to my understanding I think you are trying to covetingly credit a group or in your words "the government to the creation of Bitcoin as contrary to the wide knowlege of many that it is Satoshi that created Bitcoin.

Regardless of the fact that we don't really know who or what Satoshi represent maybe as a group or agent of the government, it's still not cogent for me to buy the idea as represented by you that Bitcoin could be a means created by governments all in the name of gaining financial strength.

Just have few questions for you based on your theory:
> why would some government(s) in the different parts of the world go on to ban the use of something they probably created?

> Can the governments ho on to creating something that they would not have regulating power on or is the governments that foolish?

Governments can influence the price of crypto but that's all.

No one knows who Satoshi Nakamoto is.
This is a person, a group of people, a Department of MI6, Mossad, KGB, FSB, FBI, KNP, Putin personally with Obama, or a schoolboy from South Africa.
Is it really important who created btc if it is not the only player on the market and there are hundreds of other cryptocurrencies? Use what you want, who you can trust and who you know all about.
However, then there is a problem-you can not trust anyone. Isn't it my dear crypto-friend?

lol this is cryptocurrency and not fiat,yeah Currency is created by each government but i dont think that this Crypto is also created by them because this is opposite of what government wanted for a currency.

so for me i will never buy the idea of this is not made by private individuals that hated the monetary system of the world.