Topic: Was Crypto Started by Western Elites? - page 3. (Read 694 times)

I think it has survived because people saw it as a way to make money. But its really hard to see Western Elites being the early adopters. Those who see bright future for bitcoin are not wealthy elite but people who wanted to go away from banking system.


Bitcoin could be taken demand away for gold and silver but I'm sure those have left already and taking the profits with them. That's how those rich become wealthy elites, take advantage of the market and get out before it goes down.


Of course its obvious, but we really don't know, if Central Banks have been stacking Bitcoin since the beginning. We know for sure they're go full Fiat, but this scenario might be scary thought.  

if bitcoin is made by ordinary people, I don't think the existence of bitcoin will get to this stage, it has been 10 years BTC and every year has experienced price increases,
positive, BTC is a project of the global elite with lots of money, which hides their identity with a specific purpose

Well, if they owned Satoshi's coins, then they would surely be the wealthiest people on the planet, if this goes to the Moon.

They surely have enough fiat to manipulate and influence the masses to buy into this and to pump this to the Moon, so I would not discount the probability that some of the wealthiest people in the western world, might be behind this technology.

Nothing is stopping anybody now, to buy bitcoins and to wait until the price skyrockets. So you can join the wealthy elites, if you have some money to buy some coins, whilst it is cheap. 

The biggest change to use of gold and silver was the US dollar and other currencies switching away from any backing.  The last government to do so was the Swiss in 2000

Even now central banks do store gold for current account exchange especially in harsh times and extreme economics.  Gold is always going to be relevant as a backstop, it just used to be used every day either directly or in exchange via notes.   Now common money has link to value at all, only by the word of a private banker who chooses to slowly issue more of that currency.   Generally you can see the value of cash going down in line with the debt of the government, the bank backstops the costs of a budget deficit.


The gold is no threat to central banks, its just the final call in value they might exchange between each other.   At present the world we live in has politics of most countries agreed to swap mostly notes not gold.   Some think this will change like Russia and China have both greatly increased their holdings of gold.  UK sold off most of them and USA has barely any percentage of value left in their gold and most in politics see debt as an asset to the country.  So long as it never has to be repaid that might be true and so far or for 30 years thats been the case

Bitcoin isnt a replacement for gold.   If anything I think Bitcoin relates to FIAT but with a fixed known monetary base and with no individual who can alter that, so its seen as superior possibly for some

Bitcoin was created by Satoshi Nakamoto. I would check out the original Bitcoin whitepaper and wiki to learn more.

Please discuss!

I do not have direct evidence either way, but I have come to the conclusion that, if Bitcoin did not exist, the Western elites would have liked to create it in secret.  My indirect evidence includes:

- Bitcoin has not been killed by a combination of regulation, market manipulation, and propaganda after 10 years.  As turbulent as the price has been, Bitcoin has been an excellent long-term bet.  Whatever assault it has suffered, it always seems to survive.

- Bitcoin has taken demand away from gold and silver, which traditionally are the big threats against central bank money.

- If central banks secretly own lots of Bitcoin (we still don't know who really owns "Satoshi's bitcoins!") they will have the best of both the gold-standard and fiat worlds in the future.  (I will explain this when I have time.)