Bitcoin Forum

There have been some signs that US Federal sees Bitcoin as a problem. When the US and its supporters have a problem, they usually call upon the CIA. The CIA has destroyed several organizations, groups and economies (foreign and domestic) internally through manipulation of key members, suppliers and so forth.

Have you suspected any CIA activity directly or indirectly in Bitcoin-related affairs?

It seems that US Federal sees Bittorent as a problem as well. How are they doing with destroying that?

CIA: Hey, Vladimir, here is a suitcase full of cash, do your damnest to destroy Bitcoin.
Vladimir: OK, cool. It's a deal, I'll troll on bitcointalk much harder from now on.


 ;D

inb4 pirate is cia

It would be fun, seeing them attempting to destroy bitcoin.

Especially since there are no key members, suppliers and so forth.

Bitcoin is just technological advancement waiting to happen. Can't put the genie back in the bottle.

Sorry mister CIA government banker, you lose.

Nope.

:o So you've got the suitcase as Atlas did? I'm applying for one too after I manage to eradicate Atlas first. *adds Vladimir to the list*

 ;D


Back on topic, no. They'll be targeting SR directly (and having a heck of a headache in this case) , and not the legitimate users of this technology.

And then you have companies like Intersango openly inviting Big Brother to regulate Bitcoins.

and then you have the people that think because Bitcoin is semi anonymous companies on the fiat/Bitcoin interface (exchanges) can some how avoid following the regulations of the country they operate in related to fiat monies....

face the facts keep it in Bitcoins or prepare to deal with legislation, nearly all countries now have AML/KYC type legislation
I know you don't care if people operating exchanges go to jail to protect your anonymity - just curious as why you would think they would want to... afaik it isn't a very profitable enterprise

I wonder how much damage they could do by buying large amounts of coins and then selling them off in an attempt to create and pop bubbles.

In that scenario, most of that damage would be to their own money reserves :)

What are you talking about?

ask zhou tong if holding other peoples deposits of  BTC and cash is a profitable enterprise or not :)

The Bitcoin economy is currently a tiny fraction of the smallest thing the CIA would bother their time with.

And yet they strangely still havent reported the bitcoinica theft to the authorities....

Of course the CIA/Freemasons are here. They are some of the key players.

Clearly this is the CIA probing to ascertain whether their infiltration has yet been detected/suspected.

its pretty much 100% guaranteed important  people are watching bitcoin with articles like this being printed :

http://www.newscientist.com/blogs/onepercent/2012/08/silk-road-bitcoin-illegal.html

You've got to remember that bitcoin is small-fry.

If it wasn't, it would be an absolutely trivial matter for a US governmental agency to use a 51% attack or something similar to bring down the network. They have some of the brightest minds in coding, and a eleven-figure budgets, we wouldn't stand a chance.

tell that to the piratebay

The CIA loves bitcoins, they use em for all their internal gambling.

Didn't you know? Satoshi Nakamoto is a code name for their "past fed funding project"! It like a full department of PhD's.

I wouldnt be surprised if pirate is CIA in which case they are attempting to cheaply buy all the bitcoins  :)

I am the CIA! Bow down to my supremacy, and grovel for my marketshare!

Wouldn't work.  They people "in" on it would likely front run the op.  Also be a hard use of funds to justify, would smell too much like banking agency cash into their own pockets.  But then again, thats how a lot of government works: figuring out ways to bank public funds into private pockets.

You give "them" too much credit.  I know they look good right now, you know landing that SUV on the Martian surface and all.  But the fact remains: the current hash rate of Bitcoin greatly exceeds the power of the fastest know supercomputer.   Additionally, a 51% attack doesn't destroy Bitcoin outright.  It only allows them to interfere with the generation of new blocks, eg, they can block transactions and monopolize the block reward.   In *theory* many miners would drop once they hit a point that it became futile to mine (eg, a SUSTAINED 51%+ attack), but i got a feeling that people dont' like getting rolled and you'd see hash rates rise to whatever challenge threatens Bitcoin!

If people (like minder in the btc community ) had more hashing power ,why would they wait until an attack ?
they could just  add that power to the network now and take the rewards ?

I'm just saying, if a company as small as butterfly labs can knock up a hundred terahash in ASICs for a few million and several months' work, then so can just about any government agency.