Bitcoin Forum
June 23, 2018, 10:45:25 PM *
News: Latest stable version of Bitcoin Core: 0.16.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: 2013-04-14 Paul Graham: Why would a government have created bitcoin?  (Read 1251 times)
n8rwJeTt8TrrLKPa55eU
Hero Member
*****
Offline Offline

Activity: 588
Merit: 500



View Profile
April 21, 2013, 06:01:53 PM
 #1

Post on hackernews.  Not strictly a press article, but relevant and interesting given the reputation of the thread creator (VC + founder of YCombinator, who funds Coinbase).  293(!) comments.

Quote
I've long suspected bitcoin was created by a government. Bulletproof protocols usually require peer review, yet there have been zero leaks from the reviewers. Pools of crypto guys who don't leak stuff are usually employed by governments.

The part that puzzles me is why a government would do this. I can imagine several possibilities:

1. To finance their own black operations.

2. Because they thought digital currencies were inevitable, and they preferred bitcoin to some potentially more malevolent form. (Could bitcoin have been worse from a government's point of view?)

3. A friend suggested this: because they felt their currency would never become the standard reserve currency, and they felt it was better that no one's be if theirs couldn't be.

4. A variant of the above: the US did it because it seemed inevitable that the dollar would eventually lose its place as the standard reserve currency, and better to have it replaced by bitcoin that the yuan.

I realize some of these explanations are pretty far fetched, but so is an individual cooking up bitcoin as an intellectual exercise. Whatever the explanation of bitcoin's origin turns out to be, it will probably be pretty weird.

Anyone have opinions about these possible explanations, or other ones?

Personally, I prefer Occam's razor unless concrete evidence is presented to prove otherwise.  Lone gunman.  No conspiracy.
1529793925
Hero Member
*
Offline Offline

Posts: 1529793925

View Profile Personal Message (Offline)

Ignore
1529793925
Reply with quote  #2

1529793925
Report to moderator
1529793925
Hero Member
*
Offline Offline

Posts: 1529793925

View Profile Personal Message (Offline)

Ignore
1529793925
Reply with quote  #2

1529793925
Report to moderator
1529793925
Hero Member
*
Offline Offline

Posts: 1529793925

View Profile Personal Message (Offline)

Ignore
1529793925
Reply with quote  #2

1529793925
Report to moderator
The World's Betting Exchange

Bet with play money. Win real Bitcoin. 5BTC Prize Fund for World Cup 2018.

Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
Luno
Sr. Member
****
Offline Offline

Activity: 490
Merit: 250



View Profile
April 21, 2013, 06:08:33 PM
 #2

Too little info to base that on, and nothing new to back it up. If it was a government project, political support would have happend now infrastructure for Bitcoin would also have been in prep for years involving a lot of people, not something capable of staying a secret.
However any nation with a weak currency will blame the US government when their citizens stuff Bitcoins in their mattresses.

                                                                               
                
                                                       ╓▄▌██P                  
                                                 ╔▄▌███▀███▌                   
                                           ▄▄▌██▀▀╚  ╓██╩██                    
                                     ▄▄███▀▀╙      ▄██  ▓█                     
                               ▄▌███▀▀+          ▄█▀   ▐█                      
                        ,▄▌███▀▀¬              ▓█▀     █▄                      
                  ,▄▌███▀▀                  ,██▀      █▌                       
               '█████▌▄▄,                 ╓██╩       ██                        
                  ▀██▌▐▀▀▀█████▌▌▄▄╓    ▄██¬        ▄█                         
                     ▀██▄        ╚▀▀▀████          ▐█═                         
                        ▀██▄        ▓█▀██          █▀                          
                           ▀██▄  ,██▀   █µ        ██                           
                              ▀███Z     ██       ██                            
                                ▐██     ▐█      ▄█                             
                              ,,╓╓█▓▄▌   █▌    ▐█U                             
                        º▄▓▓▓▓▓▓▓▓▓███   ▀█    █▌                              
                          ▀█▓▓▓▓▓████▀█▌  █▌  ██                               
                            ▀███████▌  ▀█µ▀█ ██                                
                              ▀█████     ███▓█                                 
                                ▐███      ▀██Ñ                                 
                                            ▀                             

n8rwJeTt8TrrLKPa55eU
Hero Member
*****
Offline Offline

Activity: 588
Merit: 500



View Profile
April 21, 2013, 07:52:34 PM
 #3

Now picked up as news on various places:

http://www.benzinga.com/general/politics/13/04/3511574/legendary-vc-paul-graham-suspects-bitcoin-was-created-by-a-government
TraderTimm
Legendary
*
Offline Offline

Activity: 2226
Merit: 1028



View Profile
April 21, 2013, 10:06:00 PM
 #4

If it were part of the Governments operational plans, you wouldn't have public officials condemning it in public. They'd go after the drugs and money laundering - or at least seem to - without pointing the finger at bitcoin being the "threat".

I also subscribe to the simplest explanation being the most likely. It was a piece of disruptive tech cobbled together by a small team, or one person with a bunch of consulting contacts.

This is absurd as saying the web-browser was created by the government so they can back-door all of your activity. They don't need to go that far, just sniff on the major backbone routers (which was exposed via AT&T leaks on Echelon).

Elaborate theories just don't make sense, given the amount of secrecy needed.

fortitudinem multis - catenum regit omnia
n8rwJeTt8TrrLKPa55eU
Hero Member
*****
Offline Offline

Activity: 588
Merit: 500



View Profile
April 21, 2013, 10:48:25 PM
 #5

Elaborate theories just don't make sense, given the amount of secrecy needed.

Yep.  I don't know whether there's ever been a quantitative scientific study, but I'd guess that the odds of a shared secret being leaked rise exponentially based on the number of people involved in the conspiracy and the amount of time elapsed.
kgo
Hero Member
*****
Offline Offline

Activity: 549
Merit: 500


View Profile
April 21, 2013, 11:43:45 PM
 #6

If it were part of the Governments operational plans, you wouldn't have public officials condemning it in public. They'd go after the drugs and money laundering - or at least seem to - without pointing the finger at bitcoin being the "threat".

The government is not monolithic.  It would be entirely possible that (using the US as an example) the NSA developed it on their own, and most if not all politicians had no knowledge of this.  Heck even a vast majority of people in the NSA could be in the dark.
ErisDiscordia
Legendary
*
Offline Offline

Activity: 1061
Merit: 1041


Imposition of ORder = Escalation of Chaos


View Profile
April 22, 2013, 06:31:35 AM
 #7

Bitcoin is very much anti-government in its design and function, so I have a hard time imagining parts of the government being involved in its creation. Then again, government is not exactly known for being an entity rich in intelligence...with stupidity being the unwitting tendency towards self-destruction, I think it would make for a nice story if the gov created the thing, which ultimately led to its own death Smiley

It's all bullshit. But bullshit makes the flowers grow and that's beautiful.
drawingthesun
Legendary
*
Offline Offline

Activity: 1120
Merit: 1000


View Profile
April 23, 2013, 02:29:01 AM
 #8

Bitcoin is very much anti-government in its design and function, so I have a hard time imagining parts of the government being involved in its creation. Then again, government is not exactly known for being an entity rich in intelligence...with stupidity being the unwitting tendency towards self-destruction, I think it would make for a nice story if the gov created the thing, which ultimately led to its own death Smiley

US Government created TOR for its own goals, and the NSA may have created Bitcoin to move its own funds around. Perhaps?
Elwar
Legendary
*
Offline Offline

Activity: 2506
Merit: 1166


www.varyon.io


View Profile WWW
April 23, 2013, 02:36:34 AM
 #9

The biggest thing I could think of is that they know how to crack the encryption.

                     ▄▓▓▓▓    ▄▓█▓▄
                  ▄▓██████    ██████▓▄
                ▐████████▓    ▓████████▌
            ▄▓▓▄ ▀██▓▀▀▀         ▀▀▓██▓ ▄▓▓▄
         ▄▓█████▌ ▄▄▓▓██▓▌     ▓██▓▓▄▄ ▐█████▓▄
       ▓███████▀▄▓███████▌    ▐███████▓▄▀▓██████▓
       ▓█████▓ ▓█████████▌     █████████▓ ▓█████▓
               ▀▓████████      █████████▓
     ▄▄             ▀▀▀▀▀       ▀▀▀▀             ▄▄
    ▓████▓▓                                  ▄▓█████
    ▐██████ ▄▓█▓▓▄▄                   ▄▄▓▓▓▓ ██████▌
     ▓█████ ████████▓▓            ▄▓████████ █████▓
      ▓███▓ █████████▓            ▓█████████ ▓████
            ▀███████▀               ▓██████▀
        ▓███▓ ▓███▓      ▄▓██▓▄      ▓███▓ ▓███▓
        ▓█████▄        ▄▓██████▓▄        ▄▓████▓
         ██████▓      ▓██████████▓      ▐██████
         ▐████▓       ▀▓████████▓▀       ▓████▌
           ▀▀▀    ▄▓██▓▓▄▄ ▀▀ ▄▄▓▓███▓     ▀▀▀
                 ▓█████████  ██████████▄
                 ▓▓██████▓▓  ▀▓██████▓▓
██
██
██
██
██
██
██
██
██
██
██
██
██
██
.......Social Media.......
██▄▓█████████████████████▓▓▄
▓██████████████████████████▌
███████████████████▓▓▀  ▓██▌
██████████████▓▀▀       ▓██▌
████████▓▀▀      ▄█    ▐███▌
███▓▀        ▄▄▓▀      ▓███▌
███▓▄▄▄   ▄▓█▓         ████▌
████████▓ ▓▌          ▓████▌
█████████▓    ▄       █████▌
██████████▌ ▄▓██▓▄   ▐█████▌
███████████████████▓▓██████▌
▐██████████████████████████
  ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
▄███████████████████▄
██████████████████████▌
██████████████████████▌
████████████     █▀███▌
███   █████        ▐██▌
███               ▐███▌
███               ████▌
████             █████▌
█████▄▄         ██████▌
████         ▄████████▌
██████████████████████▌
██████████████████████▌
██
██
██
██
██
██
██
██
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!