Could the banking system be behind cryptocurrenices?

[Jamzymc]

The creator of bitcoin no one has ever seen and the most contact he has had with anyone is via a few emails. It's a little strange to say the least. Plus bitcoin isn't even anonymous. I only ask because I keep hearing of this one world goverment thing who want to introduce a one world currency. It kind of makes sense that a one world goverment might be being implemented as they have and are creating unions, like the EU for example if more unions are implemented like African and South American etc it would worth paying more attention. Anyway, how do we know that big bankers aren't behind this currency and the so called creator of bitcoin isn't just a made up name? Who is behind bitcoin it's a conspiracy.

DUN DUN DUN. Illuminati confirmed!

All jokes aside this is a very serious question....... VERY SERIOUS!

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[Ayiranorea]

The way you have asked itself looks like a comedy and finally you have mentioned it as an serious question. It's just a system that runs of its own without the interference of government or any of the banking sector. If this has come under the control of any of the government now it could have not lasted or else it could have not gained such a popularity.

[dothebeats]

The moniker Satoshi Nakamoto is really a made-up name. Why would anyone who wanted to oppose the governments reveal their identity? That's like allowing witch hunters to kill you easily without some form of protection for yourself. Also, letting the public know you is irritating. Too much noise around you is not healthy.

[LeGaulois]

Security researchers from the NSA agency were already discuting about cryptocurrencies in 1996. You can find the paper in search engines, the title is "How to Make a Mint: the Cryptography of Anonymous Electronic Cash". It's very  interesting to read it.
A cover from The Economist was the showing bitcoin with the illuminati pyramid with the eye
So it can be possible the banking system (or above the bank cartel) is behind cryptos. After all "One world, One government, One bank" is one of the motivation of the Elites, isn't?

[AjithBtc]

I don't think banks are behind the cryptocurrency system functioning. Cryptocurrency and the banking system provide the same service but the way they make it vary causing the advantage over the other.

[omonuyak]

I think you are saying the right thing and most of us promoting always remain silent when ever we are ask who invented bitcoin, were did he live and his major aim of creating bitcoin. We all see the impact and infect of bitcoin on the world economy. The creation is sealed in mystery but bitcoin itself is very transparent. I don't think banks will be behind a transparent system.

[Fortify]

I'd say the only thing giving banks so much power and money, is their ability to track all transactions in a hidden database. If the banks did release it, it has backfired by showing how effective a public record of all trades makes them redundant. Cryptocurrencies are somewhat of a threat to banks, the only advantage they have it governments wanting to track who is trading.

[Hazir]

The creator of bitcoin no one has ever seen and the most contact he has had with anyone is via a few emails. It's a little strange to say the least.

Why it is strange? That there is a man out there who doesn't require fame? In case you didn't know Satoshi is rumored to own more than 1.7 million of BTC.
And he never used/moved a single one bitcoin. I too don't like any kind of spotlight, I don't have any social media and in general I trust only people which I met personally IRL.
I think Satoshi hated to be placed in the spotlight and putting on a show as he was deeply rooted within libertarian philosophy.

[VC George]

The creator of bitcoin no one has ever seen and the most contact he has had with anyone is via a few emails. It's a little strange to say the least. Plus bitcoin isn't even anonymous. I only ask because I keep hearing of this one world goverment thing who want to introduce a one world currency. It kind of makes sense that a one world goverment might be being implemented as they have and are creating unions, like the EU for example if more unions are implemented like African and South American etc it would worth paying more attention. Anyway, how do we know that big bankers aren't behind this currency and the so called creator of bitcoin isn't just a made up name? Who is behind bitcoin it's a conspiracy.

DUN DUN DUN. Illuminati confirmed!

All jokes aside this is a very serious question....... VERY SERIOUS!

Big bankers have already experimented on the Blockchain in a project called R3 CORDA
(http://www.r3cev.com/blog/2016/4/4/introducing-r3-corda-a-distributed-ledger-designed-for-financial-services)
They spent millions of dollars only to decide it's not worth it in the end 

Jokes aside there are Bank institutes that are already investing in crypto but those funds aren't pointed
towards Bitcoin, they are spending their money at some Altcoins in hopes to develop their own private blockchains which is a good argument against their involvement in the creation of Bitcoin itself. Bitcoin is based on a public & open sourced Blockchain

 

[European Central Bank]

i really don't think it's banks. it goes against everything they want.

it is conceivable that it came from government sponsored or trained computer scientists. if you wanted to experiment with something like this then what better way than to release it into the wild and let the rest of the world refine it? it costs a bunch less and you get all the benefits.

[eaLiTy]

Now we have the banking theory ,earlier we had the NSA theory because there was a paper regarding that as early as 1996 and they did have an issue with double spending and counterfeit tokens and they did have a solution way different than bitcoin but what the creator of bitcoin did is,took every ideas and made significant changes to the areas it need and made this to reality and that is the genius behind Satoshi.

[Adelajda]

Anyway, how do we know that big bankers aren't behind this currency and the so called creator of bitcoin isn't just a made up name? Who is behind bitcoin it's a conspiracy.

If the bankers started bitcoin then they would have kept it for themselves for their internal usage because it is a cost effective method to send and receive money and they could have saved billions with it and i am pretty sure that they will never release this to the public,there is no conspiracy here,it is developed by a genius who felts sick of the controlling governments.

[pinkpanther03]

This only for my opinion and everybody are free to give their side about it, I think yes! it could be possible that some of the bank are behind cryptocurrencies. Because some of the crypto in altcoin world became regulated which is centralized while bitcoin was always decentralized and unregulated industry.

[d5000]

I know that in this forum there are many people - mainly the "NWO" believers - that believe exactly this (or the variant that it were "governments" or "elites", e.g. from the Bilderberg Group).

I believe that it's likely that finance sector and governments may have conducted research on the topic. But the path that lead to the first cryptocurrency (Bitcoin) was preceded by academic research (e.g. Nick Szabo's Bit Gold) that made the last step that culminated in Bitcoin not too difficult. So it could have been invented by anyone - banksters, governments, or simply crypto-anarchist programmers.

For me, it's not that important who invented it. The important thing is how we use it. But I think at least that Bitcoin's potential as a "banking software without banks" is not exactly what "big banksters" want. Even the loaning/credit business could be taken over by cryptocurrencies via coloured coins/assets and similar solutions.

And by the way, I also don't believe the "Blockstream is controlled by banksters" theory. If Blockstream wanted to implement LN only to get control over Bitcoin (and be able to censor it or get information about users, for example), then crypto-anarchists and other privacy-liking people would simply wander to other cryptocurrency.

[bartolo]

If banks were behind the cryptocoins they wouldn´t be anonymous addresses or mining farms in China, it would have been very different. In fact cryptocurrencies are a threat for them, that´s why they are researching on blockchain technology to find a way to take advantage and offer people their "safe alternative".

[Hydrogen]

The banking industry is against industry innovation.

They would never be involved with anything cutting edge representing progress in the realm of currency exchange.

Their entire business model is built around oppressing change and innovation.

[mrcash02]

I don't think so. Banking system isn't behind the Crypto-Currency world, it doesn't make sense, because banks are losing money and customers when people adopt Crypto-Currency. They could try to control Bitcoin and Altcoins, and it's possible, they just need to hold a big amount of these currencies and they can make the market movements as they wish.

The question is, are they trying to destroy Crypto-Currency or to control it?

[MyIdeas]

I don't think banks are behind the cryptocurrency system functioning. Cryptocurrency and the banking system provide the same service but the way they make it vary causing the advantage over the other.

I agree with your point because we all know that banking system do not want people to invest their money and save their money in bitcoin and they want people to rely on only banks for keeping their money.

[cpfreeplz]

Who cares who created bitcoin? Who created fiat? What 1 man did it? No one knows or cares. We're fixated on it because we're so close to inception buy our kids and grandkids won't care.

It's open source. So it doesn't matter who created it. With fiat it's closed source and you need to trust the bank you keep your money at. It's what you've grown up with, that you have to trust someone with your money. That's why you want to know who satoshi is. Let that sink in. Change your normal train of thought.

[magneto]

The creator of bitcoin no one has ever seen and the most contact he has had with anyone is via a few emails. It's a little strange to say the least. Plus bitcoin isn't even anonymous. I only ask because I keep hearing of this one world goverment thing who want to introduce a one world currency. It kind of makes sense that a one world goverment might be being implemented as they have and are creating unions, like the EU for example if more unions are implemented like African and South American etc it would worth paying more attention. Anyway, how do we know that big bankers aren't behind this currency and the so called creator of bitcoin isn't just a made up name? Who is behind bitcoin it's a conspiracy.

DUN DUN DUN. Illuminati confirmed!

All jokes aside this is a very serious question....... VERY SERIOUS!

First of all, satoshi(the founder of bitcoin you're referring to), has not just exchanged a few emails. He has been extremely active in the early stages of bitcoin but apparently quit everything bitcoin related after a few years of work. You can see his bitcointalk profile here: https://bitcointalk.org/index.php?action=profile;u=3.

If you allege that satoshi is some sort of government organization, then they are bloody stupid. How do we know that bitcoin wasn't created by the central banks? Because it wouldn't make sense. Creating this crypto would take away all their control on people's capital, interest rates, inflation rates, etc. China wants to implement its own cryptocurrency but so does russia, but their crypto is going to still be fiat based, which means that central bank is still able to 'print' more of it as needed.

Why do bankers hate bitcoin? Because it allows people a safe haven to invest their fiat savings in, and that would take business away from them.