Are Satoshi mined bitcoins owned by the US Government

[Portorico952]

What would happen if dollar would lost huge value and the the US Government gives a proof of ownership of Satoshi mined bitcoins?
Maybe this was asked sometime before I applogize for repeating the same question.
In other words what if Bitcoin iwas created by the Government?

[AliMan]

What would happen if dollar would lost huge value and the the US Government gives a proof of ownership of Satoshi mined bitcoins?
Maybe this was asked sometime before I applogize for repeating the same question.
In other words what if Bitcoin iwas created by the Government?

If bitcoin was  created by the government maybe its characteristics is not the same to the present traits of bitcoin now. Bitcoin will be very prone to corruption and can intervene peer-to-peer transactions which is not private and that would be an issue of security to those holder/owner.

[Sevarchik]

Interesting point, all can be
If its created by US government, he know what the system fail soon and build new Ark of Noah

[Pursuer]

What would happen if dollar would lost huge value and the the US Government gives a proof of ownership of Satoshi mined bitcoins?
Maybe this was asked sometime before I applogize for repeating the same question.
In other words what if Bitcoin iwas created by the Government?

no you are the first one who came up with this conspiracy theory. congratulations, your big tinfoil hat does work. you should start making more of those and selling them for profit.

in any case the government is never going to create a decentralized currency which is taking the power from them even if they control a large amount of it. and not to mention if they really created bitcoin then they would have never stopped mining it. that doesn't make sense to create it, mine it for a while then go away and let it grow as a decentralized currency and create lots of altcoins some of which are focusing on decentralization and anonymity even!

[davis196]

What would happen if dollar would lost huge value and the the US Government gives a proof of ownership of Satoshi mined bitcoins?
Maybe this was asked sometime before I applogize for repeating the same question.
In other words what if Bitcoin iwas created by the Government?

If bitcoin was really created by the US government,it would have been cracked/hacked back in 2010.
Even the  US government's "Obamacare" webiste was a complete garbage.How can they create a cryptocurrency,that will be so successful and survive over 8 years?

[dothebeats]

Such theories existed that bitcoin is just another secret project of the government to lure in money launderers and criminals and to use the coin for monetary gains as well. However, there aren't any solid evidence that supports this, and if there's any evidence around, it's too murky to even connect to the government and whatnot. For now, the mysterious Satoshi Nakamoto isn't even identified, and the protocol/system is too complex to be devised by a single person with a wide understanding of cryptography and economics as well. It could be the top dogs of the government, yes, but then again, no irrefutable evidence that hints to your theory yet.

[3acaga]

In other words, what if Bitkoyn was created by the government? - if the world finds out about it and it will be true then bitcoin will fall in price immediately.Because one of the main advantages of bitcoin is financial independence from the state and financial institutions.

[NeuroticFish]

What would happen if dollar would lost huge value and the the US Government gives a proof of ownership of Satoshi mined bitcoins?

Governments are political and the politicians tend to put their hands on any money available. Still, they didn't touch those Bitcoin during the years, so the chances for this theory to prove right are slim to none.
However, let's answer to that question: if that would happen, there would start a huge decline of Bitcoin.

[Kakmakr]

What would happen if dollar would lost huge value and the the US Government gives a proof of ownership of Satoshi mined bitcoins?
Maybe this was asked sometime before I applogize for repeating the same question.
In other words what if Bitcoin iwas created by the Government?

no you are the first one who came up with this conspiracy theory. congratulations, your big tinfoil hat does work. you should start making more of those and selling them for profit.

in any case the government is never going to create a decentralized currency which is taking the power from them even if they control a large amount of it. and not to mention if they really created bitcoin then they would have never stopped mining it. that doesn't make sense to create it, mine it for a while then go away and let it grow as a decentralized currency and create lots of altcoins some of which are focusing on decentralization and anonymity even!

No this question has come up several times before, https://bitcointalk.org/index.php?topic=329191.0 <Bitcoin and the illuminati> and https://bitcointalk.org/index.php?topic=726063.0 < Made in the USA >

We would just have to ask the question why they would want to create a pseudo anonymous Crypto currency that are not under their control, if they already have a fiat currency that they can manipulate and also monitor/track and control? They control the money supply and they regulate the flow of money through regulated fiat institutions like Banks. Why would you offer up all that control, to replace it with Crypto currencies that are not under your control?

The only logical answer to this is if you have control, but nobody knows about that. <Which I doubt, because it is a Open Source project with thousands of talented developers that would have spotted that very early on in this experiment>

So I seriously doubt that governments would replace a centralized financial system under their control, for a decentralized Crypto currency system that are not under their control. 

[d57heinz]

What would happen if dollar would lost huge value and the the US Government gives a proof of ownership of Satoshi mined bitcoins?
Maybe this was asked sometime before I applogize for repeating the same question.
In other words what if Bitcoin iwas created by the Government?

no you are the first one who came up with this conspiracy theory. congratulations, your big tinfoil hat does work. you should start making more of those and selling them for profit.

in any case the government is never going to create a decentralized currency which is taking the power from them even if they control a large amount of it. and not to mention if they really created bitcoin then they would have never stopped mining it. that doesn't make sense to create it, mine it for a while then go away and let it grow as a decentralized currency and create lots of altcoins some of which are focusing on decentralization and anonymity even!

No this question has come up several times before, https://bitcointalk.org/index.php?topic=329191.0 <Bitcoin and the illuminati> and https://bitcointalk.org/index.php?topic=726063.0 < Made in the USA >

We would just have to ask the question why they would want to create a pseudo anonymous Crypto currency that are not under their control, if they already have a fiat currency that they can manipulate and also monitor/track and control? They control the money supply and they regulate the flow of money through regulated fiat institutions like Banks. Why would you offer up all that control, to replace it with Crypto currencies that are not under your control?

The only logical answer to this is if you have control, but nobody knows about that. <Which I doubt, because it is a Open Source project with thousands of talented developers that would have spotted that very early on in this experiment>

So I seriously doubt that governments would replace a centralized financial system under their control, for a decentralized Crypto currency system that are not under their control. 

If I was the us govt I would do it exactly like bitcoin was implemented.  At some point it will be come to big to fail if it’s not already and then no one will care who has the first mined coins.   We don’t know who the initial developers are.  Or who they really work for!  Congrats to OP for questioning this. Don’t be intimidated by those that can’t think for themselves and have to throw the tin foil hat at ya.  Keep questioning everything the truth sets you free

BR

[a_t_e_e_b]

i dont think it is true but good idea though lol it may be true in that case government would be tracking every thing in the market and i don't it will be a good thing

[fiulpro]

This way the government would certainly hunt for people who have made great fortunes with bitcoins. And them they will track down all the malacious activities done via bitcoins, lile any criminal offense and stuff like that.

Well uts just an hypothesisi, because if govermnet would have created  bitcoins, they would have made an authentication  process for the users through which fraudulents and criminals cam be shed out throughg yhis process.

[timerland]

What would happen if dollar would lost huge value and the the US Government gives a proof of ownership of Satoshi mined bitcoins?
Maybe this was asked sometime before I applogize for repeating the same question.
In other words what if Bitcoin iwas created by the Government?

It wouldn't make any sense.

They have auctioned off seized coins for silk road, so if their ultimate aim to hold coins on the bitcoin network they clearly aren't trying their hardest.

But let's just say that even if Satoshi was the US government, so what? Satoshi is no longer actively involved in bitcoin, and it would definitely make no sense for any government to create a decentralized currency to take away their own control.

Although, it's not impossible that the US government is trying to accumulate some BTC now, but that's up to speculation.

[avikz]

What would happen if dollar would lost huge value and the the US Government gives a proof of ownership of Satoshi mined bitcoins?
Maybe this was asked sometime before I applogize for repeating the same question.
In other words what if Bitcoin iwas created by the Government?

No. Bitcoin is not created by any government agencies for sure. Governments are not the ones who would create something radically different than the centralized environment we currently live in. In that standpoint, bitcoin is something radically different and that is the reason why it became immensely popular within a very short period of time. If this had been created by governments, they would not struggle so much in accepting bitcoin as a mainstream currency. Since that inclusion didn't happen yet, it is safe to say that bitcoin is not created by any government agency.

If you search the internet, you will see a lot of articles that shows bitcoin is created by CIA or similar to that sort. But nothing is provided as a solid proof that can prove the ground reality.

[purple.thoughts]

If ever satoshi was owned by the government, then the government will be able to keep track of all the bitcoin user but I think it is not owned by the US government because it offers various opportunities to other countries.

[piloder]

Only laymen or people without common sense will believe on such FUDS, why would government will create bitcoin and keep it secret? Also stop thinking US as technologically advanced country, there are many other countries which have more talented technologist than what US have also US like to dominate whole world's economy with their USD so creating bitcoin doesn't make sense for them. Bitcoin is just opposite of fiat and it can dominate the modern world's economy in next few decade...

[jpespa]

Bitcoin wouldn't become decentralized in the first place if it was created by a government since they will be the ones who will monitor and manage everything that involves bitcoin. And for sure tax will be implemented and maybe too much restrictions.

[mk4]

If ever satoshi was owned by the government, then the government will be able to keep track of all the bitcoin user but I think it is not owned by the US government because it offers various opportunities to other countries.

Not necessarily. Not because Satoshi is actually the US government it doesn't automatically mean that the government now has the power to track all of the bitcoin users. Satoshi is just the inventor/creator. He/she/they don't have an advantage over other bitcoin users/devs, besides his/her/their knowledge.

[pxo.011]

well here in the philippines has an exchanger of bitcoin so we can do market trading in crypto without usd i hope that there are more countries has the same situation.

[aplistir]

What would happen if the US Government gives a proof of ownership of Satoshi mined bitcoins?
In other words what if Bitcoin was created by the Government?

If that would happen, I would bet it would be because NSA has cracked the crypto behind bitcoin and not because they are the creators behind bitcoin.

After all NSA does have a big budget for cracking encryption...