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Author Topic: is it possible that the bitcoin was created by governments?  (Read 22568 times)
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October 28, 2019, 04:21:03 AM
 #321

According to conspiracy theory, Is it possible that the bitcoin was created by governments to gain financial strength in the modern world?

in my opinion satoshi nakamoto is not a government. because the concept of decentralized bitcoin is very much at odds with governments that tend to be authoritarian. maybe he is an individual, group or company. who felt depressed during the global economic crisis in 2008. Then they looked for solutions and finally Bitcoin came out. in my opinion what is more important is that bitcoin has provided new breakthroughs in the financial system and technology.
It is impossible that the creator of bitcoin is from the government.
If it is owned by the government, then they will actually use and develop it in the very first place.
Bitcoin has been recently known in the whole world, and that is the time when the government heard about it.


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October 28, 2019, 04:21:50 AM
 #322

Governments like to own absolute control especially when it comes to financial matters like this. Bitcoin was not created by the governments because the governments would have controlled its transactions till date. Bitcoin is absolutely decentralized and still the creator's identity remains anonymous.

In the first place, there's no strong evidence or claims that could support the argument of the OP, in addition, why do banks and government becomes alarmed through the development of cryptocurrency. One fact about it is when I opened a bank account and some clerks are asking if my money is from cryptocurrency. In that scenario, I can say they have some fishy thoughts about crypto and it proves why government isn't the one behind the creation of cryptocurrency.
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October 28, 2019, 11:44:17 AM
 #323

According to conspiracy theory, Is it possible that the bitcoin was created by governments to gain financial strength in the modern world?
Which conspiracy theory are you pointing out? People who know bitcoin know that it is Satoshi Nakamoto who invented bitcoin but as to his personal identity, it is still unclear until now if he is a real person or just a pseudonym which is a person behind famous digital currency called bitcoin. If it is to strengthen financial aspect of the modern world, I doubt it because until now banks and governments are still against wide adoption of bitcoin. just my opinion.
Not conspiracy with bitcoin and no one can't take manager and control with bitcoin price, government have big power but can't control how bitcoin price at the future, they only can get access for legal or illegal bitcoin as transaction or investment assets, but government never have power how to make bitcoin have price based on their mind and take bitcoin to lower price.

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October 28, 2019, 03:13:30 PM
 #324

According to conspiracy theory, Is it possible that the bitcoin was created by governments to gain financial strength in the modern world?

According to my instinct theory, Bitcoin was never created and could have never created by such lowly creatures that are selfish, jerks, stupid, corrupt, and greedy group of people, but if it was, Bitcoin would have never be this way for almost 10 years, if that make sense.

I'll be forever grateful and thankful for Satoshi Nakamoto making such an epic invention that is untouchable by the Government.
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October 28, 2019, 04:24:37 PM
 #325

According to conspiracy theory, Is it possible that the bitcoin was created by governments to gain financial strength in the modern world?
Since it is just a theory, we cannot really be certain about it. We should look at every angle on how can it be possible that it was the government that created bitcoin. Knowing that bitcoin is a decentralize currency in nature, it can already be a solid proof that it is not created by them. Also, bitcoin is a very complicated currency which means for you to be able to create such thing, the greatesy knowledge and skills is required and I can't see anyone in the government as great as that.
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October 31, 2019, 04:29:48 PM
 #326

Since the creator of bitcoin is unknown there is a speculation that the bitcoin market is created by some government who wants to devalue the US dollar, you do not need a government to control these things in the beginning even if you go by that theory  Tongue. There are many conspiracy theories like that and the reason we see all these conspiracy is because the identity of the creator in unknown and no one came forward with solid proof.
That theory doesn't make a lot of sense either, I do not see the point of creating an exotic kind of currency to try to weaken the US dollar when the US government is doing such a good job already, and this is even more true when we take into account the characteristics of bitcoin that make it impossible to regulate and that could very easily get out of control of those that supposedly created it, so the most likely scenario is that bitcoin was created by a person outside of the governments.
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January 11, 2020, 11:54:28 PM
 #327

According to conspiracy theory, Is it possible that the bitcoin was created by governments to gain financial strength in the modern world?

I don't want to think as conspiracy theorists. If government was the creator of bitcoin, then why would they oppose it decentralization?.
Government would do everything within their power to promote it a acceptance,  without placing sanctions on some activities that concerns crypto.
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January 12, 2020, 03:05:37 AM
 #328

Maybe, or maybe not Wink I don't think any government however would create a decentralized coin which can harm their authority to control on funds and monitoring them lol. Probably it's some good-wisher agency if it's not a person Smiley
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January 12, 2020, 04:24:35 AM
 #329

According to conspiracy theory, Is it possible that the bitcoin was created by governments to gain financial strength in the modern world?

I don't want to think as conspiracy theorists. If government was the creator of bitcoin, then why would they oppose it decentralization?.
Government would do everything within their power to promote it a acceptance,  without placing sanctions on some activities that concerns crypto.

even the government won't benefit anything from creating decentralized currency like bitcoin and using it to gain financial strength is doesn't make sense at the slightest. The reality is that now governments are trying hard to regulate it through controlling many third party services that are centralized. If the coin was truly created by government they won't waste that much effort just to enforce a regulation that's not guaranteed to be effective.

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January 12, 2020, 05:46:21 AM
 #330

Since the creator of bitcoin is unknown there is a speculation that the bitcoin market is created by some government who wants to devalue the US dollar.
There is very less possibility that a government is bitcoin creator. Personally I don't wanna believe it although still it's a mystery. A government couldn't benefited from it if they create bitcoin. Because it's a decentralized currency and no pre-mined. Government unable to control it somehow and there is no way to raise fund from worldwide since they have to mine. Anyone is free to do mining if they want. So I am not aware how a government would beneficiary. But black money holders would beneficiary of bitcoin since they could hide it from government and that's why almost worldwide government don't like this decentralized ecosystem. To be honest I think even bitcoin creator didn't expected that his coin will popular like this and it will create a financial revolution but it has been happening. Still I believe bitcoin has been created by a person or a group but not by any government.

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January 12, 2020, 06:59:50 AM
 #331

Is there any details of this conspiracy theory..?
The only question I got after reading is that Why..? Why will any government would want to create something decentralized which cannot be controlled by them.? Governments are not ready to implement, why will they create bitcoin..?

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January 12, 2020, 07:25:10 AM
 #332

According to conspiracy theory, Is it possible that the bitcoin was created by governments to gain financial strength in the modern world?

I don't want to think as conspiracy theorists. If government was the creator of bitcoin, then why would they oppose it decentralization?.
Government would do everything within their power to promote it a acceptance,  without placing sanctions on some activities that concerns crypto.


That is the one really opposing the government's way.

I mean they love controlling almost everything in their country, they don't want anything they can't control that is why they hate Bitcoin amd other cryptocurrencies. If they made Bitcoin, a country should own it and now should develop it to make their country rich. They will not accept other countries owning it or taking advantage of it.
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January 12, 2020, 11:18:19 AM
 #333

Not agree,It was just creation of Satoshi Nakamoto which came in existence in 2008. Government can bring own coin,Like china and uae government resolution to bring own digital coin to make possible for those who want to trade or make transaction with digital currency.

People mentality change and the technology also changed,Every customer want to save his or her time and want quick and secure transactions,While traditional banking system have lot of paper work so this is reason people switch to the digital currency.

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meliodas
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January 12, 2020, 01:41:29 PM
 #334

It is impossible for bitcoin to be created by the government because it is against to their law. If the government will ever be creating a cryptocurrency then it would not be a decentralized type of currency because they will not be able to control it or even monitor the flow of its transaction. Bitcoin is created by a person who is sick to the centralization of the monetary system and he is called satoshi nakamoto.

 
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Brunus
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January 12, 2020, 09:08:57 PM
 #335

There is always someone who comes out with such ideas.
Let's say that if a government had really wanted to create something like this, it would certainly have produced something simpler to use, and would not have made such a violent counter-campaign.
But, of course, everything is possible.

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January 13, 2020, 08:24:07 AM
 #336

No one has idea on who satoshi really is. And it's likely that we can speculate that bitcoin is a secret government project and satoshi is part of a government agency that creates experiments like this. The result of their experiment was successful, look at bitcoin now.

If it's a government project and they want to gain financial strength in the modern world which bitcoin has implemented about decentralization, they are contradicting what the gov't wants. Looking at the current situation, few of them are against to bitcoin but some gov't are starting to embrace it.
We already know that behind all of this, behind this bitcoin community is Satoshi. He created this to help many people and to give people an opportunity to earn some money through this. I think that this is not created by government because if that is true, bitcoin is very easy to use, to transact and to withdraw money. This is decentralized and being decentralized means it is sepparated in the government.

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January 13, 2020, 08:31:44 AM
 #337

According to conspiracy theory, Is it possible that the bitcoin was created by governments to gain financial strength in the modern world?

To be honest, I really doubt that the goverments are somehow involved in the creation of bitcoin. This can be seen in their behavior when Bitcoin first appeared, and in their behavior at the present time. However, I believe that at present, states are very closely watching bitcoin and are trying to get something from themselves.
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January 13, 2020, 10:08:12 AM
 #338

If a load of the Internet is removed, bitcoin will disappear. However, in this case, the whole banking and financial sector will collapse. As a result, it is not possible to ban bitcoin. Bitcoin will continue as long as people are interested.
smyslov
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January 13, 2020, 10:59:04 AM
 #339

If a load of the Internet is removed, bitcoin will disappear. However, in this case, the whole banking and financial sector will collapse. As a result, it is not possible to ban bitcoin. Bitcoin will continue as long as people are interested.

What are the causes for the internet to ceases to exist, they can restrict the internet but they cannot cease it to exist it's an integral part of the modern world, internet and Cryptocurrency will continue to exist as long as the modern like we have right now exist, and interest on Cryptocurrency is growing too.
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January 13, 2020, 02:46:59 PM
 #340

Technically it could be possible, that some of the cryptocurrencies could have been created for the purpose of black budgets of secret services.

If anyone is not familiar with that term - the "black budget" is unofficial budget os such services used for activities which are illegal or morally questionable and as such cannot be put in the official records (like bribery, arming insurgent groups during a civil war).

In this case, cryptocurrencies could be easier in use and transportation than banknotes.

Of course, this is just a conspiracy theory...

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