Bitcoin could've been created by the US government...Coincidence?

[Nadziratel]

I have been researching about who could've created Bitcoin in the first place, and it came to my mind that the US government would've created the digital currency in the first place. The reason I say this, is because Bitcoin uses the NSA's cryptographic hashing algorithm known as SHA-256. Not to mention, Bitcoin creator Satoshi Nakamoto is nowhere to be found after a decade of the cryptocurrency's inception. This means, that if Satoshi was an ordinary person instead of a government agent, he would've been found by now (even experts have been careless sometimes).

One coincidence is the Bitcoin logo/symbol which greatly resembles that of the US Dollar. Upon surfing the web, I've found an NSA article from 1996 which is very similar to Bitcoin's electronic cash vision in its whitepaper. The article speaks about Multiple Spending (which is Double-Spending on the BTC whitepaper), and other subjects about divisibility, etc. You can read all about it here: http://groups.csail.mit.edu/mac/classes/6.805/articles/money/nsamint/nsamint.htm

If Bitcoin was truly created by the US government as an experiment, then it could be the doom of crypto and blockchain tech as we know it. The government could easily hit the "kill switch" if it owns "Satoshi's" private keys, resulting in a massive crash of Bitcoin and other crypto's price.

Here's another article related to the subject: https://www.ccn.com/4-reasons-to-believe-the-deep-state-or-the-nsa-created-bitcoin

This may sound crazy, but we shouldn't discard all the possibilities of who would've created Bitcoin in the first place. Nonetheless, what are your thoughts about this?

This issue has been repeatedly mentioned. However, there is another issue in this chain of coincidences. Most of the crypts are now the Asian countries. Asian countries are in the leading position in the mining sector.

Moreover, the United States has certain restrictions on these issues. There is almost no legal regulation in any area. No miner support. In these circumstances, even if the idea came out on the United States, it is very difficult to have anything to do with the US government. But if all of this is part of a plan and still has more of the Asian countries than the US, then this is a great success story.

[Mbitr]

There are many threads on this forum re: who is Satoshi ? If you are interested in other interesting papers regarding digital payments, here are a few you could look at.
“On digital cash like payments” by Daniel Nagy
“ b-money” by Wei Dai
Please don’t get hung up on the NSA article
My advice would be to have a look around at the work produced by these “big names”in the field of digital cash
Adam Back
Hal Finney
David Chaum
Nick Szabo
Timothy C May
Stefan Brands
Tatsuaki Okamoto
And an interesting patent application by Neal King, Vladimir Oksman and Charles Bry
We won’t find Satoshi, but I’ve certainly enjoyed researching the history.

[Abiky]

Please elaborate on what you define as a "Kill switch"? The technology is Open source, so a backdoor or "Kill switch" would have been found ages ago. 

Satoshi's coins can be a temporary threat to the price, but not to the technology, because Bitcoin is not 100% about the price. People still value the technology behind it. Yes, mining will not be profitable if the price goes down, but there will always be Bitcoin enthusiasts that would continue mining at a much lower hash rate. <even at a loss> 

After all, people are running Bitcoin nodes without any remuneration or reward now. 

I was referring to "Kill Switch" in the sense that if the US government created Bitcoin, then it would have access to Satoshi's private keys effectively crashing down Bitcoin's price. While you're right about the decline in price not being a threat to the technology, most people will not see it that way and will flee out of Bitcoin for good. Of course, I may be wrong after all, but one cannot discard the possibility of a government creating the digital currency in the first place.

What I've found odd, is that NSA's article of "How to Make a Mint: The Cryptography of Anonymous Electronic Cash" greatly resembles the original Bitcoin whitepaper. It could be either that the US government did create Bitcoin or that someone (or a group) created Bitcoin based on that same article. There have been many theories circulating around, of who might Satoshi be. Now there's someone else around claiming to be the real Satoshi Nakamoto (check here: https://twitter.com/realsatoshin)

Nonetheless, with all the uncertainty of who Satoshi might be, I guess that it's safe to say that we're all Satoshi Nakamoto.

[figmentofmyass]

I was referring to "Kill Switch" in the sense that if the US government created Bitcoin, then it would have access to Satoshi's private keys effectively crashing down Bitcoin's price.

ah, i guess i missed that. i figure a backdoor is impossible at this point, but if they were early miners then yeah, they could crash the price.

ignoring the USA government for a moment, satoshi's coins are gonna be stolen in the next 10 years anyway. many of them are held in public keys which will eventually be broken by quantum computers. this is one of the reasons why every once in a while, we see suggestions to destroy the satoshi coins.

[mindrust]

There isn't a kill switch to kill the network but they can always come up with a law to ban bitcoin and that is going to bring bitcoin to sub $100 levels which nearly means killing it.

If something like I described above happens bitcoin won't die but it might take 10 years before we see $1k levels again. In a situation like that the adoption will die almost instantly. No BAKKT, No CME, No coinbase, probably nobody will be able to trade bitcoins with USD and USA can shut down all the .com websites. We already saw it with btc-e.

[bitfocus]

Any solid proof about the Kill Switch? How can a open source thing have a kill switch?

[Yield7]

btc is created by switzerland like most of the crypto.
not just in switzerland but for sure switzerland people is behind cryptocurrency.

[erikoy]

btc is created by switzerland like most of the crypto.
not just in switzerland but for sure switzerland people is behind cryptocurrency.

There were really no bases on where and who really created bitcoin. There other individuals claimed that they know where it started but no one can prove it. Meaning to say that it will just be proven if the onwer, creater and founder of bitcoin will going to show and thus all questions will be answered.

[tunapa]

I believe if it was the US government that created bitcoin, we won’t be where we are today : they won’t have watched it slumped from 20,000$ to below 4000$ . And they wouldn’t have presented themselves as anonymous while we are still looking for the acclaimed inventor ‘satoshi till date’ . There might be some articles that link it to them with some proves but still I don’t believe they are the creator . And finally if they are, they won’t be fighting what they created!

[Kopyleft]

The government could easily hit the "kill switch" if it owns "Satoshi's" private keys, resulting in a massive crash of Bitcoin and other crypto's price.

Your assumptions has been refuted on various fromts already, but even if there was some element of truth in it. There is no such kill switch. Satoshi would almost certainly have bags full of Bitcoin, and could manipulate the price causing massive crashes, but the system is decentralized and that would not put an end to bitcoin, the market can recover.

[royalfestus]

I guess Craig wright have been the reason for the renewed interest by forum members to start digging into who Satoshi is. After getting to know about bitcoin and satoshi 3.5 years ago I knew USA must know about this technology and kept a good portion for themselves for the future. No secret can be this kept for long by an organisation that wont have been revealed If USA didnt know about it, later on when some dirty transaction were revealed on a coin claimed to be anonymous by the same government I confirmed their involvement.

[miropp]

These arguments are very weak, I think. I think that the ordinary could turn it around and take good care of their anonymity. So there is nothing to be surprised.

[Upgate]

The us government are not so much interested in cryptocurrency that much so I disregard the idea that us or the CIA created bitcoin.
Bitcoin Creator still remains satoshi nakamoto and we allbneed to drop this false speculations

[Lizzylove1]

I have had reasons to believe that US secret service has a hand in the creation of the bitcoin. But many will certainly not believe this, like: why will they create something they have no control over and keep criticizing! The States has been gradually pushing for bitcoin adoption to the mainstream, though it does suffer some set back and delays, but it's scaling through. They know the US dollars will certainly be worthless someday, and a need for something more stable and generally accepted. Although all these are still some speculations until some deal day.

[bitbunnny]

There isn't a kill switch to kill the network but they can always come up with a law to ban bitcoin and that is going to bring bitcoin to sub $100 levels which nearly means killing it.

If something like I described above happens bitcoin won't die but it might take 10 years before we see $1k levels again. In a situation like that the adoption will die almost instantly. No BAKKT, No CME, No coinbase, probably nobody will be able to trade bitcoins with USD and USA can shut down all the .com websites. We already saw it with btc-e.

This is the worst case scenario but I don't think there is danger of something like that really hsppening. To my opinion most governments in the world are not thinking to ban Bitcoin at all, just the opposite, they have accepted it as a new reality so I don't fear that governments or central banks would cause the downfall of Bitcoin, that could only do users by themselves.

[wakedog]

Signature r
dcdc948a48514de0409e9fb2aaf5e0054abb109c32f2e9dc364b9e6255bed430

Signature s
6ecbc7d38f0f426fcbc383018c680372854ddd09b624e7eba9a9045e563c6f94

Msg Hash
e0b0a10fc39cdf95cf046af73aff119342d403864d3f615a33504a6f7dc011d8

We are all Satoshi...

[BitHodler]

To my opinion most governments in the world are not thinking to ban Bitcoin at all, just the opposite, they have accepted it as a new reality so I don't fear that governments or central banks would cause the downfall of Bitcoin, that could only do users by themselves.

I'm sure governments would love to ban it, but they understand that it's too late for that right now. It might have been successful back in 2010-2012 with how small this ecosystem was back then.

Right now governments have seen what the consequences for banning Bitcoin are--people stop using centralized services and start figuring out how the local market works and massively inflate the volumes there.

There is nothing worse for governments than seeing people go local with their business. From having control over the centralized ecosystem you go to no control at all. Governments won't make that mistake again.

[enhu]

The government of USA would have kill bitcoin before it got a value of $1 if they own it themselves. if they own BTC, why would they even share as opensource? This is going to be a lot worse for them because they'd be losing control over it. Look what happen now, everyone can create a coin for themselves. what you might just consider today is the possibility that satoshi is dead by now because the government wants him to own it and register blockchain or btc so no one can recreate but probably satoshi resisted that's why here we are. The community own them all.

[Yield7]

i guess we supposto not need to know that.
if Everybody is smart and informed and know how and wich way Everything works then it might be not good either.

we live information world more information we have better for us.

its kinda like information war where you got be smart and all ready informed wich information is right or wrong.

Our biggest failures are that we belive wrong information
wrong information making us acting to according to someone else benefits:)

information is power those who got better success then others, guess what they have access to better information then others.

information could be like weapon if you know how to use it.


That we all think that Satoshi is the bitcoin founder its information too.
But someone must knew more about this who was the first person who said... who is Bitcoin creator?? 

again its all just rumours we live in info world we got be Careful what kind of information we do belive and what not.

once again its all rumours like Mike novogratz always give out btc price predictions.

ASK youserlf why he do that?
he use information he is successful  coz he is creator of Information.

I Don't belive that Satoshi Nakamoto  until there is enough evidence. 
And who was that Person who made announcement First about Satoshi Nakamoto.

[Abiky]

The government of USA would have kill bitcoin before it got a value of $1 if they own it themselves. if they own BTC, why would they even share as opensource? This is going to be a lot worse for them because they'd be losing control over it. Look what happen now, everyone can create a coin for themselves. what you might just consider today is the possibility that satoshi is dead by now because the government wants him to own it and register blockchain or btc so no one can recreate but probably satoshi resisted that's why here we are. The community own them all.

Perhaps they did this in order to experiment how Bitcoin behaves within the mainstream world. Of course, they could've stopped it in the first place when it was starting to rise. But, letting the cryptocurrency grow as an open source project, would allow the government to explore its capabilities in the free world. Once they see how successful Blockchain technology is, then they could use it to their own advantage. Already, many governments around the world have been realizing the benefits of the Blockchain. However, it will take some time before they fully adopt it at a large scale.

As for the US government creating Bitcoin, if it's true, then there's the risk that Bitcoin's price would fall massively (as a result of the government selling "Satoshi's" Bitcoins). While this won't affect the technology whatsoever, it will affect Bitcoin and other cryptocurrencies at a large scale (in terms of price and confidence from people in the mainstream world). Only then, governments will be able to introduce their own digital currency successfully for the whole world to use.

Despite all my crazy theories, Satoshi's identity has never been proved because of the dormant private keys. The day that such keys are used to move Bitcoins from Satoshi's wallet address to another destination, will be such when Satoshi would reveal him/her/themselves to the public. Just my thoughts