I am heavily invested in Bitcoin, and have minor investments in bitcoincryptocurrency is a government conspiracy 2017 cryptocurrencies.
This is a conspiracy theory, and not one I believe in completely. America works to maintain its dominance along each of these dimensions, and other nations attempt to increase their own power within them. China has long been calling for a new reserve currency. Russia and China both are working on ways to bypass the US dollar, including collaboration. Monetary policy and global standards are not static.
We moved from paying each other with barter, to simple currency, to the gold standard, to the current fiat-currency-and-US-dollar world monetary order. Other nations, including budding superpowers, are trying to find ways to work around it. For any current or budding superpower, there is a strong incentive to own or control whatever the next step in world monetary standards will be. Smart government operatives will be looking at the next step, and trying to be one step ahead of their competition.
Bitcoincryptocurrency is a government conspiracy 2017 the future of money that such governments would hope to control, there would be some requirements:. This bitcoincryptocurrency is a government conspiracy 2017 why I believe in it, along with millions of others. So Bitcoin looks a good candidate for the next step in money, and its rapidly increasing market cap shows the growth of this viewpoint. Bitcoin, by design, is not a bitcoincryptocurrency is a government conspiracy 2017 currency.
It is also, by design, decentralized and consensus-based. There are some controversies around whether this factor is weakening through certain miners dominating, but for now it remains a central characteristic of the currency. He mined the very first bitcoin, and accumulated over a million coins in its first stages. Bitcoin has a fixed limit for how many coins can be mined in its lifetime: Many coins were lost in the early days of the technology, by punters and hackers who came in to mess around with it, then lost the wallets holding the coins assuming they had no value.
Governments have both the incentive and the technical capability to have designed Bitcoin. Technically, Bitcoin and the blockchain are extraordinary engineering achievements. Anonymously published on a mailing list? World governments are no stranger to using secretive software to achieve their ambitions. The prime candidate must be the US government, but potential others include Russia and China. Assigning credit to a Japanese hacker removes the taint of US government involvement that would have instantly killed any prospect of Bitcoin growing the way it has.
Assigning credit to an anonymous individual removes a block to growth among the techno-libertarians that were such enthusiastic early adopters of Bitcoin.
Bitcoin also grew with enthusiasm from Silicon Valley and the US hacker community, with which the government is deeply integrated. Its growth through Silk Road and similar black markets is would not trouble a government that has had no qualms about using drugs and drug trafficking to achieve its objectives. It may bitcoincryptocurrency is a government conspiracy 2017 have been encouraged, as the obvious way to grow an anonymous cryptocurrency to widespread adoption.
Russia and China could also be behind Bitcoin: And as we examined, they are the prime agitators trying to move away from the dollar standard. All the incentives align for a government to be behind Bitcoin. And it would explain away many questions behind its origin. Keep the tin-foil cap on. Why are so few politicians questioned about Bitcoin? The future of money is highly relevant to the future of geopolitics, yet we got no questions at the Presidential debates.
No questions from the White House press corps, in years. Very little mainstream media attention: For something of such significance, the blind spot is very conspicuous. Regardless of whether governments invented Bitcoin, the incentives for its control remain. Power available is power seized. Looking at our three scenarios: The latter will be one of the human interest stories of the century.
Interested in information and society? Hat tip to this. A few years go I did some work for a man with an extremely impressive background in tech. Long story short, when he first learned of Bitcoin, he was convinced it was actually a decentralized decryption operation by a gov entity like China or Israel. In other words an encryption-computing-power leech network essentially. It is multiple governments and it goes way deeper than that.
All the major names in crypto are government agents bitcoincryptocurrency is a government conspiracy 2017 essentially actors given marching orders to maintain a narrative. Notify me of follow-up comments by email.
Notify me of new posts by email. Skip to content Is Bitcoin a bitcoincryptocurrency is a government conspiracy 2017 project? I make the argument.
Prelude I am heavily invested in Bitcoin, and have minor investments in alternative cryptocurrencies. The Future Of Money For any current or budding superpower, there is a strong incentive to own or control whatever the next step in world monetary standards will be.
For the future of money that such governments would hope to control, there would be some requirements: One proposal to mitigate such issues is to use a basket of multiple fiat currencies. This is particularly acute for Russia and China. Bitcoin is not a fiat currency.
Proponents often compare it to gold, but without many of the problems gold brings along with it. Bitcoin is not associated with the US.
It was invented by Satoshi Nakamoto. Bitcoin is decentralized and consensus-based. What does that leave us with? Is Satoshi Really A Government?
If Bitcoincryptocurrency is a government conspiracy 2017 was really a nation state, or an intelligence service: It would solve for the question of how such an impressive, and potentially historic, technical achievement was supposedly cooked up by a lone individual.
It would also solve for the question of how such an intriguing and potentially powerful individual has managed to avoid detection for what is approaching a decade since the white paper was first published.
Incentives Align All the incentives align for a government to be behind Bitcoin. I see three possible scenarios: The US government is behind Bitcoin: America would be a step ahead, once again, of every other nation. It would solidify its monetary supremacy for a new era, with a massive share of the next world currency and all the understanding behind its creation.
Another government is behind Bitcoin: And they can credibly claim that it was decentralized and bitcoincryptocurrency is a government conspiracy 2017 consensus-based to avoid any country ever taking the dominant monetary position the US currently enjoys. The ownership of such a large chunk is just their reward for creating the system. Satoshi bitcoincryptocurrency is a government conspiracy 2017 really is not connected to government: And they would be well on the way to becoming one or some of the most powerful and wealthy people in the world.
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