""People are very religious beings. Even crypto people, because all but a few know how it works, yet they believe in it."" - BADecker.
You are absolutely right. I did a little research here.
https://bitcointalk.org/index.php?topic=5074967.0 Who knows and used the built-in messages in the blockchain. The conclusion is simple - less than 6% knows blockchain. Not to mention 31,000 lines of Bitcoin code.
8)Bitcoin and 7 conspiracy theories.
Is there a conspiracy around Bitcoin? According to some Bitcoin fans, serious forces are behind the development of BTC globally. By itself, cryptographic unregulated, but sometimes you can clearly see that someone is manipulating them. These manipulations led to the emergence of a mass of different conspiracy theories around BTC. And many supporters of these theories seriously believe that they have enough evidence to prove them.
Satoshi Nakamoto, the creator of Bitcoin, remains an anonymous figure on the crypto market. His (her) anonymity stirs the interest of conspiracy theorists. Under these conditions, one can easily see how far human fantasy can take. Let's take a look at the seven most entertaining bitcoin conspiracy theories.
Bitcoin and 7 conspiracy theories Blockchain, Cryptocurrency, Bitcoins, Technology, Investments, Long Post
BTC - the forerunner of the end of the worldThis theory is built on the 13th chapter of the last part of the Bible - Revelation. This chapter describes the end of the world, talking about the "number of the beast." In the same part of the book it is said that people must have a “mark of the beast” in order to survive. These tags will be needed to buy food and survive in this dystopian society without cash.
Although Bitcoin is a transitional stage to a cashless society, this is hardly the trick of Satan. A simple Google query will reveal a lot of cases throughout history, when religious fanatics have been going against scientific and mathematical breakthroughs. For example, the popular physicist Galileo in 1633 was accused of heresy, only stating that the earth is not a fixed center of the universe.
Bilderberg Club and BitcoinThis conspiracy theory claims that members of the Bilderberg club, the US Federal Reserve Bank and Mastercard are in collusion to seize complete control over BTC with the help of subsidiaries. The Bilderberg Club is an unofficial organization made up of very influential people from all over the world. The main argument of this theory is that the Bilderberg group invested $ 55 million in Blockstream through its subsidiary AXA Strategic Ventures.
Blockstream is one of the main sponsors of the Bitcoin development team, and the Bilderberg group is mostly made up of the wealthiest people on the planet. A BTC investment strategy can really give this organization more control over Bitcoin. This theory suggests a possible commodification of how Satoshi originally saw a decentralized currency.
US National Security AgencyNSA-related conspiracy theories claim that the US National Security Agency is behind the creation of the SHA-256 algorithm. SHA-256 is a mathematical protocol within which the BTC Proof-of-Work protocol operates. This theory appeared in 2013 after the disclosure of details about NSA surveillance of any mobile activity on the Internet using the built-in backdoor (intentional defect of the algorithm). Proponents of this theory claim that, quite possibly, the NSA left the same backdoor in the SHA-256 protocol.
However, this theory does not look so plausible if we remember that SHA-256 is an open algorithm that the best cryptographers have been experiencing for 15 years without revealing its weak points. The list of the National Institute of Standards and Technology SHA-256 is still listed as a secure protocol.
Bitcoin invented the Chinese governmentThis theory revolves around the government of the PRC. Its supporters claim that the Chinese state is behind the creation of cryptocurrency. Although the theory sounds like far-fetched, China does have the potentially largest number of BTC miners in the world. In addition, China has the largest manufacturer of mining equipment - Bitmain.
Last year, the Chinese government pressed cryptoblocks with a ban on ICO and the closure of all Chinese cryptobirds. At the same time, China dominated the mining sector, and the government was still studying blockchain technology. This move created a situation in which Chinese people lost access to their cryptoactive assets, and the state continued to be active in this industry. Maybe China is really trying to assess the full potential of the BTC so far, but the contradictory actions of state structures leave the question: what really dictates the actions of the government?
Satoshi - artificial intelligence
The Bitcoin code contains 31,000 lines. Professional coders will say that this is not very much. For example, Windows has 50 million lines of code. Still, the quality of BTC coding and its influence on technology have led some enthusiasts to seriously assume that artificial intelligence is behind the development of BTC.
On this occasion, Bitcointalk has a lot of amusing discussions. At the moment, however, no hard evidence has been found for this theory. In addition, it is difficult to imagine that someone could develop such an advanced AI.
Only one trader caused the collapse of the Mt. GoxThe evidence presented by BitcoinMarkets on Reddit links the fall of Mt. Gox with the actions of just one trader. Mt Gox was the largest cryptographic trading company in the world until it collapsed in February 2014 due to numerous attacks. This collapse led to stagnation in the BTC market for several months.
If you believe the recently found evidence, on December 22, 2017, a certain trustee made a transaction at 6000 BTC, which led to the fall of the coin from $ 16,000 to $ 10,000. The same merchant dropped another 6000 BTC on January 31 and another 6000 on February 5.
Perhaps behind this user was a group of people working with one BTC address. One way or another, it is clear from the findings that this was a deliberate attempt to drown the BTC. However, the ghost of Mt. Gox is always somewhere near. The latest reincarnation of the exchange took part in the mass of incidents, including a new collapse of the market and 80 randomly sent BTC.
Governments buy out BitcoinThe latter theory is not so difficult to imagine. According to her supporters, governments around the world are secretly trying to buy back all existing BTC.
Although it is actually quite difficult to determine how much BTC exactly belongs to the states, there is indeed an increase in cryptocurrency confiscations on the market. These confiscations have led to a serious increase in funding for interested countries. There is a list of states, including the United States, which officially do not have BTC at the state level, but have already earned millions on confiscated coins.
Probability of conspiracy theories
BTC boasts a rich history, both real and fictional. For years, the mysterious origin of this cryptocurrency has been fueling a violent fantasy of enthusiasts. And with the further development of blockchain technologies, these theories will be more and more. And for now, judging by the existing ones, you should not take them too seriously.
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