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Author Topic: Bitcoin might have been a FAILED experiment by the NSA - How funny would that be  (Read 148 times)
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August 05, 2018, 08:29:31 AM
 #1

Imagine if Bitcoin was an attempt by the NSA to control the global money supply? They might have developed this as a prototype for some proprietary code and then someone leaked the Source code to the internet. They might have thought that they would be controlling all the nodes on a global decentralized financial network for ultimate security.  Roll Eyes

This will also explain why nobody has stepped forward to claim ownership of this technology. The consequences of a revelation like that would be a major embarrassment for whatever government agency that was responsible for that.  Grin

Just imagine how funny it would be if Bitcoin was developed to gain ultimate control and now it spread like wildfire to do the complete opposite  of what it was developed for.  Grin Grin Grin Grin

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August 08, 2018, 02:23:27 AM
 #2

As funny as it sounds, it is not. It has been developed by an anonymous group or my a person which goes by the name of Satoshi. failed attempt or not, the world is grateful for such an invention which has made the people's lives better.
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August 08, 2018, 03:19:06 AM
 #3

No statement like these could give me any proper evidence or proof to their stance, of such kinds. I believe Bitcoin, is a legend of its own, and has huge potentiality, a great initiative to developement of the financial sector, and a good alternative to fiat currency. It has a huge promising future of its own.
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August 08, 2018, 03:28:35 AM
 #4

All perceptions that come about bitcoin, I will always look at bitcoin positively, if anyone says that bitcoin is a financial threat, I don't think so, because all this time bitcoin has benefited us (including me as a bitcoin user).
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August 08, 2018, 04:36:01 AM
 #5

I have read hundreds of speculations like this during last 2-3 years but sadly, none of them could provide evidence or credible sources backing up their statements. From my understanding, Bitcoin is still a very strong competitor of alternatives of fiat money and it will stay like that with more developments in the future.
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August 08, 2018, 04:51:36 AM
 #6

some proprietary code and then someone leaked the Source code to the internet.

this could have been a theory only if the idea of a blockchain technology such a what bitcoin uses wasn't already around and only if there hasn't been any previous systems like bitcoin. which there were! Roll Eyes

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August 08, 2018, 06:03:43 AM
 #7

Listen guys and girls. This is not just another conspiracy theory or in any way backed by proof. I am only saying how ironic it would be, if this was a failed NSA or secret agency project that backfired on them. They might have had these great visions of a globally dominated currency and it all fell apart when one of their own, leaked the source code.

Several aspects on this "story" would not make any sense, but it can explain some of the weird things that happened. Like Satoshi's disappearance and also the secrecy around his whole identity.

Let's just play around with this theory, even if it is totally absurd.  Wink

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August 08, 2018, 06:39:29 AM
Merited by btc_angela (1)
 #8

Imagine if Bitcoin was an attempt by the NSA to control the global money supply?

To imagine that, one would need to be an idiot.

The Federal Reserve would be the one to throw your tin foil conspiracy at. Then you would need to ask why "regulation" within the current system is so difficult, if they did control it.


This will also explain why nobody has stepped forward to claim ownership of this technology. The consequences of a revelation like that would be a major embarrassment for whatever government agency that was responsible for that.  Grin

No the explanation is right in front of you. The guy obviously knew when it was time to back away as his plan required from the beginning.

Don't post anymore ideas OP, they make everyone who reads them dumber.




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August 08, 2018, 06:42:08 AM
 #9

Let's just play around with this theory, even if it is totally absurd.  Wink

Let's not, just like we don't pretend cats are secretly plotting to enslave us.




Okay....maybe some of us do that....but your idea is not "thread worthy" like those evil cats...

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August 08, 2018, 07:06:58 AM
Merited by Lucius (1)
 #10

Imagine if Bitcoin was an attempt by the NSA to control the global money supply? They might have developed this as a prototype for some proprietary code and then someone leaked the Source code to the internet. They might have thought that they would be controlling all the nodes on a global decentralized financial network for ultimate security.  Roll Eyes

This will also explain why nobody has stepped forward to claim ownership of this technology. The consequences of a revelation like that would be a major embarrassment for whatever government agency that was responsible for that.  Grin

Just imagine how funny it would be if Bitcoin was developed to gain ultimate control and now it spread like wildfire to do the complete opposite  of what it was developed for.  Grin Grin Grin Grin

HOW TO MAKE A MINT: THE CRYPTOGRAPHY OF ANONYMOUS ELECTRONIC CASH
Laurie Law, Susan Sabett, Jerry Solinas

National Security Agency Office of Information Security Research and Technology

Cryptology Division

18 June 1996

http://groups.csail.mit.edu/mac/classes/6.805/articles/money/nsamint/nsamint.htm

¯\_(ツ)_/¯

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August 08, 2018, 07:33:35 AM
 #11

If a person would claim to be the owner of Bitcoin then all media personnel will come to him or her for a ton of question and that might stress them out...

Secondly, Bitcoin won't  gain control on money it is one solution when it come to money transaction that process would be easier than before
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August 08, 2018, 08:26:21 AM
 #12

If bitcoin would a experiment and if they failed in the experiment you and I would never knew about the experiment.
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August 08, 2018, 08:40:30 AM
 #13

According to NSA, nobody has come across to claim the ownership of bitcoin and its usefulness is still a mystery. No one knows if the bitcoin was to create aiming at web based transaction system or to gain proper control over global decentralized financial system.
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August 08, 2018, 09:22:32 AM
 #14

It is an interesting conspiracy theory but I don't think that this is true because it will lead to so many people into depression and suicide in some cases, this would be just terrible news. I hope it's not.

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August 08, 2018, 10:09:17 AM
 #15

Imagine if Bitcoin was an attempt by the NSA to control the global money supply? They might have developed this as a prototype for some proprietary code and then someone leaked the Source code to the internet. They might have thought that they would be controlling all the nodes on a global decentralized financial network for ultimate security.  Roll Eyes

This will also explain why nobody has stepped forward to claim ownership of this technology. The consequences of a revelation like that would be a major embarrassment for whatever government agency that was responsible for that.  Grin

Just imagine how funny it would be if Bitcoin was developed to gain ultimate control and now it spread like wildfire to do the complete opposite  of what it was developed for.  Grin Grin Grin Grin

Maybe Satoshi was at that time just like Snowden nowadays, a former employee of NSA who has decided to put into practice something that the agency obviously worked back in 1996 considering link posted by BitPotus . After Satoshi let the genie out of the bottle, it is possible that he has been hiding for some time until they find him.

It is interesting that in that document is a name of Tatsuaki Okamoto, as one of the references and also as one of potential candidates for Satoshi Nakamoto. Back in 2013 there is some discussion about this : https://bitcointalk.org/index.php?topic=235289.0

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August 08, 2018, 10:56:17 AM
 #16

HOW TO MAKE A MINT: THE CRYPTOGRAPHY OF ANONYMOUS ELECTRONIC CASH
Laurie Law, Susan Sabett, Jerry Solinas

National Security Agency Office of Information Security Research and Technology

Cryptology Division

18 June 1996

http://groups.csail.mit.edu/mac/classes/6.805/articles/money/nsamint/nsamint.htm

¯\_(ツ)_/¯

Let's not forget dude that the NSA also developed SHA technology.

This is from an interesting paper on SHA.

The Secure Hash Algorithm (SHA) was developed by the NIST in association with the
NSA and first published in May 1993 as the Secure Hash Standard. The first revision to
this algorithm was published in 1995 due to a unpublished flaw found, and was called
SHA-1. The first version, later dubbed SHA-0, was withdrawn by the NSA. The SHA
hash function is similar to the MD4 hash function, but adds some complexity to the
algorithm and the block size used was changed. SHA was originally intended as part
of the Digital Signature Standard (DSS), a scheme used for signing data and needed a
hash function to do so.


If the original SHA had flaws, its theoretically possible SHA-256 also has flaws, though its highly unlikely since none of the world's best cryptographers have yet identified them.





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hilariousetc
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August 08, 2018, 10:59:08 AM
 #17

They create a decentralised currency that they can't control to control the money supply? How does that work exactly? I think if the NSA or America wanted to create something to overtake fiat then they'd create something that they had total control of and can directly manipulate, but the US already has something like that and it's called the USD which they would much rather people use. Let me know when barrels of oil start getting priced in bitcoin then you might be on to something.

As funny as it sounds, it is not. It has been developed by an anonymous group or my a person which goes by the name of Satoshi. failed attempt or not, the world is grateful for such an invention which has made the people's lives better.


And who is satoshi or this group?

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August 08, 2018, 11:12:29 AM
 #18

Proprietary code and one single country controlling all the nodes on a global decentralized financial network? That doesn't sound about right and contradicts itself by the way. I don't know how the NSA would have arranged for a lot of nodes to be set up in multiple locations around the world either. And in the presence of China who are probably USA's greatest economic enemies the NSA wouldn't have had the resources to stop a 51% network attack should China have decided to pull the plug on the global network. Ironically China have the most hashing power nowadays and can literally control the fate of Bitcoin. This theory sounds too far-fetched to me, and even if it had a shred of truth and Satoshi Nakamoto was a rouge government agent I guess he wouldn't be among the living right now.

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August 08, 2018, 12:31:53 PM
 #19

I have some lacking of knowledge in this topic but if you try to experiment with bitcoin then my advice will be try to proper information and understand it all the protocols otherwise you will face failure
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August 08, 2018, 01:08:26 PM
 #20

Without any proofs, all these ideas are nothing more but conspiracy theories. "Bitcoin was created by aliens", "Bitcoin was created by AI" and so on: I've seen a lot of them on this forum. It's just a waste of time to talk about Bitcoin's origin if you don't back it by some evidence. Bitcoin was reviewed by thousands of experts and so far no one has found any backdoors, this is what really is important, not who created it.

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