Bitcoin Forum

I read an interesting conspiracy theory regarding Bitcoin. Someone said "The guy who created Bitcoin actually works for the NSA."

I don't like Bitcoin. I don't see the attraction of using Bitcoin compared to gold and silver. Are State insiders promoting Bitcoin, as a distraction to using gold and silver?

If someone asked me, I'd accept payment in Bitcoin, only if I could convert it to gold or silver or State money.

Fewer than 1% of the population is running a Bicoin client. This makes it very easy for State thugs. They can check and see who's running a Bitcoin client, and add you to their "subversive persons" list.

For example, State thugs can keep track of who's running Tor. I heard of one guy who set up a Tor exit node. State thugs forced him to shut it down. They claimed someone used his Tor exit node for "downloading child pornography", making him legally responsible. I suspect most Tor nodes are run by the NSA. The NSA would have to be totally clueless, if they weren't controlling a large number of Tor nodes.

Suppose that the Bitcoin encryption has a hidden flaw. It's open source. That doesn't mean there isn't a cleverly-hidden flaw in the encryption.

The NSA is more than 20 years ahead of the general public, regarding encryption tricks. They could have planted an exploitable flaw in the Bitcoin encryption.

Every Bitcoin client has a copy of the full monetary base and the full transaction history. This makes it very easy for State thugs to spy on Bitcoin users, especially if there's a backdoor decryption key.

State tax collectors can run a Bitcoin client, apply their secret encryption backdoor, and see who's a heavy Bitcoin user. It's very easy for State thugs to identify heavy Bitcoin users.

I don't like Bitcoin. It's inferior to gold and silver. You can get the same benefit as Bitcoin by making entries on a piece of paper, settling with physical gold and silver when necessary.

I haven't seen an "alternate monetary system" that's more attractive than gold and silver. Are State insiders intentionally promoting Bitcoin, knowing it has exploitable flaws?

He gives the NSA too much credit. They're just another inefficient government bureaucracy. To exalt it or any other government head to the status of a driven organization that has surpassed all the world's private incentive is ludicrous, if not comedy. Of course, unless it's ran by some impassioned madman intent on reigning all of society in the state's hands -- hardly likely.

Killing people is something they do much better than private indusries.  :)

Although Blackwater (XE)  is gaining ground on that front it seems.

any publicity is good publicity...?

The same people usally call you a nutbar for asking where Obama's birth certificate is...

I defy you to point me to a single Bitcoin conspiracy theorist who has done this.

My father. ;_;

(I think you birthers are nutbars too, but I'm not a Bitcoin conspiracy theorist. I just assumed people who like/dislike the idea of a conspiracy would tend to like/dislike them across the board.)

Wasn't Bitcoin created in big part to resist governament, big banks  etc conspiracies?

I can't believe some of the inventive plot devices some people come up with when they rant about why bitcoin is not going to work and I dont know if its just a fear campaign or complete ignorance that creates these theories.

I can't believe some of the inventive plot devices some people come up with when they rant about why bitcoin is not going to work and I dont know if its just a fear campaign or complete ignorance that creates these theories. The same people usally call you a nutbar for asking where Obama's birth certificate is...



I think we should share some of these whacky bitcoin conspiracies which crop up from time to time.

This particular guy has it bad....
http://fskrealityguide.blogspot.com/2011/03/bitcoin-conspiracy-theory.html (http://fskrealityguide.blogspot.com/2011/03/bitcoin-conspiracy-theory.html)

Suppose that the Bitcoin encryption has a hidden flaw. It's open source. That doesn't mean there isn't a cleverly-hidden flaw in the encryption.

OpenSSL is one of the few open source programs to be involved with validation under the FIPS 140-2 computer security standard by the National Institute of Standards and Technology's (NIST) (https://secure.wikimedia.org/wikipedia/en/wiki/National_Institute_of_Standards_and_Technology) Cryptographic Module Validation Program (CMVP) (https://secure.wikimedia.org/wikipedia/en/wiki/CMVP).

That's what they want you to think, remember, just because you're paranoid, doesn't mean they're not after you.

Actually I think the governments now have enough resources to disrupt bitcoin if they want, even without crypto breakthroughs.

...well, there goes all the wind out of my sails.

(I think you birthers are nutbars too, but I'm not a Bitcoin conspiracy theorist. I just assumed people who like/dislike the idea of a conspiracy would tend to like/dislike them across the board.)

That's what they want you to think, remember, just because you're paranoid, doesn't mean they're not after you.