Bitcoin Forum

In this thread we have fun with conspiracy theories!

According to Wikipedia A conspiracy theory is an explanatory proposition that accuses two or more people, a group, or an organization of having caused or covered up, through deliberate collusion, an event or phenomenon of great social, political, or economic impact.

Conspiracies are "normal mammalian behavior" in the words of Robert Anton Wilson, who studied and wrote about them extensively during his life.

During the last decade, the term "conspiracy theorist" has taken on a derogatory meaning in mainstream culture, implying that the "conspiracy theorist" is evil or stupid for believing in conspiracies. Everyone knows, that powerful people never meet behind closed doors to discuss ways of cooperation, which would further advance their agenda. I call the belief, that there are no conspiracies the Great Conspiracy.

Conspiracies exist, of course. But one should put care into not believing in any one of them a full 100%, nor dismissing any other with 100% certitude, for that leads to dogma and a rigid mind which has stopped receiving new signals from the environment and where is the fun in that?

Conspiracy theories can be fun and enlightening. (If not taken too seriously)

I propose we have some fun and create a narrative of historical and current events based on conspiracy theories. Bonus points if they are backed by verifiable facts and make logical sense!

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Let me start with this one:

The covert US/China Bitcoin race

Premise: The governments of the US, China and possibly others are currently actively engaged in a race to secure the biggest possible amount of Bitcoins for themselves. This is the result of the realization on their part, that cryptographic digital decentralized ledgers are what will replace the current monetary system, which is quite clearly nearing its expiration date. At this moment in time, the governments are trying to figure out a way how to tilt this recent development in their favor, by devising schemes to tax and regulate existing ledgers, or create their own, government-backed ledgers. But because the public sentiment of distrust against established institutions is large and growing, the scenario that the governments will be forced to participate in Bitcoin is plausible and worth hedging against. Thus the race to secure the biggest amount of the current dominant crypto-ledger pie for themselves.

Timeline:
October 2013 - FBI shuts down Silk road and captures its operator, known as Dread Pirate Roberts. This has been planned for months and delayed until Roberts getting fake IDs with obvious intent to travel outside of the country forces their hand. The main objective has never been the shutdown of Silk Road (even though that is a nice side benefit by itself). The objective was to acquire a large stash of Bitcoin without driving up the price and alerting everyone to what was happening. In one swoop, they capture one of the biggest holders of Bitcoin and thanks to their months long surveillance, they manage to get their hands on about 150 000BTC. This in turn forces the hand of the Chinese government, which starts to accumulate coins instantly after the news of the DPR seizure is out, running up the price. The race is officially on.

November 2013 The US, after securing its initial position of Bitcoin, holds a series of senate hearings, with very positive rhetoric, with even Ben Bernanke chiming in to give praise to the idea of digital currencies. This is an attempt, to force the anticipated exponential growth curve of Bitcoin, encouraging hoarding and thus pricing out the Chinese out of the market. Chinese interests respond by trying to crash the Bitoin market while the hearings are underway, but they don't succeed in starting a panic.

December 2013 Even though the Chinese have been buying in huge amounts, they decide they can't risk further immediate price rises. They try to crash the market again, this time successfully, by a combination of an ambiguous official statement and a concurrent huge sell-off.

These posts elaborate such a scenario further:



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OK guys, your turn. I have seen some fun theories floating around the speculation forum, bring them on! :)

Well of course there's the theory that Satoshi Nakamoto is a pseudonym for a top-secret NSA crypto-currency project. There is the possibility that NSA has a backdoor to SHA-256 encryption and Bitcoin is not really as secure as we think.

Link to 1996 NSA report on Cryptocurrencies:
http://groups.csail.mit.edu/mac/classes/6.805/articles/money/nsamint/nsamint.htm

It would not surprise me as Bitcoin, SHA-256, Computers are all man-made inventions that are fallible.

They could be waiting for the world to transfer their wealth to Bitcoin only to collapse the system at the right time. This would bring disorder and chaos to facilitate the establishment of the new world order.

I think Anonymint has been preaching some variant of this theory in the economics forum. Sadly, he seems to be forgetting not to believe 100% in his own BS (I abbreviate Belief-System this way)

Just the fact that the identity of Satoshi remains unknown should be enough to produce at least a dozen theories :)

I guess you could call it a "Coinspiracy"  :P

Baloney..if the US govt wanted it could just buy ALL the bitcoins in circulation and it could do it by borrowing the $$ from the Chinese!  ::)

Theory I have,The Chinese Government banned banks from BTC because of gold (http://news.goldseek.com/GoldSeek/1386083460.php).BTC was reaching parity and they somehow found that a threat to their investment?

This just blew my mind.

''Alice and Bob" ( From that document ) are featuring in the ''What is BitCoin?" video, where the transaction occurs ;D

''a payer or consumer, whom we will name Alice.
a payee, such as a merchant. We will name the payee Bob.
a financial network with whom both Alice and Bob have accounts. We will informally refer to the financial network as the Bank.''


Watch 0:48
http://www.youtube.com/watch?v=Um63OQz3bjo

Then, watch this. http://www.youtube.com/watch?v=tFbRH-S2L94 - 3:35 - 3:46 / It's X-mass.

Find the part where ''China surrenders''. That happened like yesterday, or 2 days ago. When they dumped.

The most wonderful convoluted theory just occurred to me:

Satoshi was the Chinese government. They have a backdoor to Bitcoin and once the US government puts all of its money in there, they take it while dumping their USD reserves at the same time. Game over, Uncle Sam.  ;D

I like the "China invented Bitcoin to ultimately replace the USD as the global reserve currency".

Well if the first theory is right which sounded pretty legit to me. Then we can fucking forget about DA moon  :'( :'( :'( :'( :'( :'( :'( :'(



Instead to DA Jupiters moon!  ;D ;D ;D ;D ;D ;D

There is actually quite a bit of circumstantial evidence pointing to such a scenario. Such as China coming forward as early as 2009 (wasn't that the year Bitcoin was launched? :)), hinting about a "de-americanized" world, meaning the USD no longer functioning as a world reserve currency. This year they have been slowly moving towards that goal, by announcing they will stop buying US bonds and hinting about their openness towards a currency which is controlled by no single government at more than one occasion. 

China is understood !!!

U.S give most BTC to China and takes most real money of the Chinese people. Give nothing for real money !!!
It is tactical general impoverishment of China.

Check this, 99% transaction U.S and China !!! Chinese real money (yuan) go to U.S wallets.
http://fiatleak.com/

Satoshi Nakamoto is obviously an AI residing in the dungeons of the NSA who needs money to pursue ver plans to break free of ver captors and ignite the first stage of the Singularity. That's the reason Satoshi hides - because a software has nothing to show.

I'll just chronicle this little gem here:

Ok, here's a good one for ya:

<tinfoil hat>

The U.S. Govt current prints about $65B per month right now, correct?  So they decide they want to crash the bitcoin market, cripple confidence, and hopefully get rid of bitcoin all together.  So they take just $1B (a fraction of what they print per month, but 10% of the current bitcoin marketcap), use operatives to buy huge stashes of early adopter and old miner coins, and then systematically flood the market with coins.  Crashing the price to double digits.  Folks panic sell in droves.  Blood in the streets.  The exponential trendline is broken for good.  It's over.

</tinfoil hat>

That would actually be a great thing for bitcoin in the long run. Cheap prices will attract more people to bitcoin and distribute the coins more evenly across the globe. :)

The fiat bag holders will cry in the end, including the FED. :P

Professor Bitcorn (Mark T. Williams) who works for the FED already warned us that BTC will go sub-100 by this summer.  :D

The Illuminati is real and they invented bitcoin.

The knowledge and intelligence for one single person to design and program something like bitcoin, along with releasing it around the time the financial crisis started and apparently having a clear idea of what it could develop into and what it could do to the world would arguably make him one of the greatest geniuses the world has ever seen. Thus it seems more likely that it was a group of highly professional people who worked together on it.

Bitcoin has the potential to revolutionize the world economy, it is a powerful force for bridging economic borders and thus a step towards world government. Its stateless properties and resistance to attack will make it easier to topple existing regimes once it is widely accepted. According to the Georgia Guidestones the world population should be kept under 500 million. This implies war with extreme casualties. In the event that this happens and that the regular economy is breaking, it will be bitcoiners who will have the means to secure themselves and their families, thus ensuring that it is intelligent people who survive to carry on with the New World Order.

The NSA created Bitcoin as a form of agent provocateur technology ultimately designed to undermine other nations' economies before be being manipulated to implode, evaporating hundreds of billions of public wealth in the process and putting vast swathes of the global population into abject poverty.

Retaining a massive proportion of the overall shares in the system and having unlimited wealth behind it, NSA operatives ensure that Bitcoin hits the headlines with a series of parabolic rises and back to the brink of death crashes that nobody can ignore. As the system grows, the NSA operatives can increasingly rely upon free market forces and all other manner of more nefarious cut throat entities to do their bidding for them, stepping in only to give Bitcoin the odd push in the 'right' direction when the free market is not running to the NSA's schedule.

Bitcoin is embraced by the anti-establishment libertarian fraternity as a 'fight the system' free market decentralised currency but earliest non-speculative adopters of the technology are predominantly black market participants ranging from narcotics traders to money launderers. Gradually, open market operations begin to pick up on Bitcoin increasingly. The financial establishment see Bitcoin as a threat to their business model and move against Bitcoin, yet NSA point men within the legal establishment of NATO countries ensure that Bitcoin retains a legal status overall, regardless of any movements of the financial establishment to kill it off. The financial sector realise that the political establishment intend to allow Bitcoin and realise that they need to to take a stake in this market, and make moves to bring the market down to as excruciating as possible lows, where they take their positions, before allowing the market to bring Bitcoin back up.

Through the series of engineered boom and busts, the public increasingly cottons on to the fact that no matter how low Bitcoin goes, it always bounces back to find new highs. The public across all the western nations move increasingly into Bitcoin seeking easy profits, resulting in an ever increasing level of liquidity in Bitcoin, which in turn renders it increasingly attractive to the non-speculative economy.

The scene is now set for Bitcoin to serve its main purpose, namely, the undermining of developing nations and anti NATO nations (Russia and China) economies'. The intelligence agencies of the US's big two competitors recognised Bitcoin for what it was very early on its life and took moves to ban it, and the BRICS nations and many other developing countries followed suit. However, due to the ever increasing expansion of Bitcoin in the west, and the snowballing depth of liquidity that it offered, pervasive and uncontrollable black markets in Bitcoin trade open up within the economies where Bitcoin is banned, and the central banks of those nations lose control of their currency and ability to manage their own economy as capital flees those nations, looking to secure value in foreign currencies and assets.

After Bitcoin has served its purpose in bringing down the economies of nations that the US wishes to exploit, and has brought Russia and China to heel, it will implode, taking hundreds of billions of public wealth with it. By this time, Bitcoin will be a very common form of electronic payment. Payment with Bitcoin will be as ingrained in Maw n Paw's psyche, as facebook, ebay, or amazon. A more secure, centralised, banker controlled global digital currency, backed by gold, will be brought into replace it. It will be embraced by the masses and will eventually phase out the US dollar as it collapses on top of the economies that Bitcoin has served to undermine.

The centralised global currency of the Great Beast has arrived.

Job done!

I don't know but William Gibson should write a book about it ;)

Coinomancer?

The Difficulty Engine?

Virtual Litecoin?

 ;D ;D ;) ;) ;

From Mister Gibson , probably silk road, politics, financial, pattern recognition etc ...


That interview was cool ..
Mass Consensual Hallucinations with William Gibson
http://www.youtube.com/watch?v=tj5xABJlOUU

Interesting.... If it's true that the US maybe even in conjunction with other Nations could easily just buy 10% or 20% of the bitcoin market and then sell then all cheap to crash it - then doesn't that imply that they actually don't want to do that? Because they could have already done it right? Easily. So therefore maybe bitcoin was actually made by the Fed or whoever as the solution to the unstoppable collapse of the USD. Maybe they invented it - and already have massive ownership of the market.
Maybe they are just beta-testing it out right now with us to see if it works before they integrate it into their banking systems.
It is interesting that the Reptillians or whoever have been working towards a cashless society for years and then bitcoin comes along. So convenient. A digital cash that instead of being hated by the anti-establishment types, is actually embraced by them. Genius.
And all along it was all run by the same Banksters as before.

Aaahh - bollocks. I don't believe that.

nice job, bringing up Gibson - I just started reading Neuromancer yesterday. I love synchronicities  :D

Also some pretty well thought out posts popping up, keep up the good work, guys :)