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Author Topic: Guy admits it is his job to destroy Bitcoin.  (Read 8318 times)
Mageant
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November 17, 2011, 09:49:06 AM
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On a recent survey about Bitcoin I found a person who admitted that it's his job to destroy Bitcoin within a team of people, probably to protect the current financial system:

"It's my job to assist in the destruction of the Bitcoin network. Currently we are researching various methods that will be used to attack the network in the near future. Previous attacks have resulted in price drops, but we will not be content until Bitcoin has been driven completely underground to a very small amount of fanatics with no chance of taking off into the main stream financial world."

"I want the network destroyed. It's not personal, this is just a requirement of the project for which I have been assigned to."

What would you like to see in the future of bitcoin in general?
Answer: "More bank account closures on the exchanges"

see more of his answers:
http://www.kwiksurveys.com/results-overview.php?mode=5&survey_ID=OHKDGN_329545e7&session_ID=CKJIGJM_e611c8d

Recently nearly all bank accounts of exchanges in Europe (SEPA-zone) were closed within one week. So this fits with what he says.
Also he admits that one goal is to drive the price down, which is also happening now.


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November 17, 2011, 09:54:00 AM
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LOL!!!
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November 17, 2011, 10:01:32 AM
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On a recent survey about Bitcoin I found a person who admitted that it's his job to destroy Bitcoin within a team of people, probably to protect the current financial system:

Good!

"[...] we will not be content until Bitcoin has been driven completely underground to a very small amount of fanatics with no chance of taking off into the main stream financial world."

And that's where the feet shooting begins. By limiting the system to the fanatic and well educated (on the system) few, without coming up with a better alternative to the already broken system that got the masses to be going through huge ordeals, what this does in the end is show a viable alternative, a light at the end of the tunnel if you will, to the people that are forced to use a system they don't trust or want.

Microsoft was all about 'embrace and extend' which is actually the only way I see bitcoin be at danger right now. By simply dismissing it or trying to show all that is wrong with it will simply make the system stronger and more reliable... for when the time is right Smiley
theymos
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November 17, 2011, 10:05:46 AM
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He's not doing a very good job if he's letting us know in advance...

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Matthew N. Wright
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November 17, 2011, 10:07:40 AM
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The more people trying to break bitcoin the better. Anyone who thinks that challenging and hacking protocols is a bad idea, go Wiki "Linux".


Mageant
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November 17, 2011, 10:08:02 AM
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He's not doing a very good job if he's letting us know in advance...

Plausible deniability.

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repentance
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November 17, 2011, 10:08:19 AM
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Because nobody would ever troll conspiracy theorists...

And why are the stats reading as if he's the only one who's taken the survey?

All I can say is that this is Bitcoin. I don't believe it until I see six confirmations.
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November 17, 2011, 10:10:43 AM
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On the Internet, nobody knows you're a dog. Or a corporate shill.
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November 17, 2011, 10:20:35 AM
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Because nobody would ever troll conspiracy theorists...

And why are the stats reading as if he's the only one who's taken the survey?

You can do the entire survey here:
http://www.kwiksurveys.com/?u=BitcoinSurvey

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November 17, 2011, 10:39:46 AM
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Nice, looks like we have finally got some QA people working on uncovering all the remaining vulnerabilities of the protocol and ecosystem. Surely, bank accounts in the Euro zone were a huge vulnerability as they were exposing us to the scrutiny of government control freaks. Thank you for raising the issue! Let's perform all of the real world banking in tax havens instead of the SEPA zone. That way Bitcoin and tax havens will grow together in a healthy symbiose.
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November 17, 2011, 10:56:06 AM
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On a recent survey about Bitcoin I found a person who admitted that it's his job to destroy Bitcoin within a team of people, probably to protect the current financial system:

Please tell me you are not really that gullible.

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November 17, 2011, 11:01:14 AM
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On a recent survey about Bitcoin I found a person who admitted that it's his job to destroy Bitcoin within a team of people, probably to protect the current financial system:

Please tell me you are not really that gullible.

Sssssshhhhhh.  The Masons might hear you.

If you really wanted to destroy confidence in Bitcoin you'd find obscure legislation which allows the user deposits on the exchanges to be seized (there's bound to be some existing piece of legislation which could be tortured to allow this).  It's easy for anyone to claim that they working on attacking Bitcoin through stuff which has already happened.  Let's see how good they are at predicting what will happen next.

All I can say is that this is Bitcoin. I don't believe it until I see six confirmations.
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November 17, 2011, 12:13:59 PM
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The selling pattern is not that of someone who wants to make money, but of someone who purposefully wants the price of Bitcoin to go down.

Someone who had a lot of Bitcoin that they would want to maximize their profits from would sell at times when people have money in their Dwolla/MtGox accounts that could put money into BTC to buy up their coins.

Instead they do huge sells on Sunday night/Monday morning when people have gone all weekend without having their accounts re-upped with cash.

Someone wanting maximum return would also sell in small quantities in order to avoid panic selling before they can get the maximum amount from their sales.

The person who currently has a $50,000 wall at $2.10 is the person driving the price down.

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November 17, 2011, 12:21:26 PM
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You cant drive price down without driving it up first. The idea is ludicrous "lets buy a million bitcoin so we can sell them later and crash the exchange rate ". Yeah that works  Roll Eyes

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November 17, 2011, 12:38:43 PM
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He's not doing a very good job if he's letting us know in advance...

Plausible deniability.

No. It's a double bluff.

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November 17, 2011, 12:56:25 PM
 #16

While I individually still believe Bitcoin is yet too small to be taken seriously by the establishment, I do suspect that in the future the stronger Bitcoin becomes, the more will they attempt to discredit and fight it, with all means necessary.

Let's not forget that today's power structures depend on the financial system the way it is today, and that wars have been waged to gain control over a nation's money in order to secure or expand the status quo.

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P4man
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November 17, 2011, 01:00:12 PM
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While I individually still believe Bitcoin is yet too small to be taken seriously by the establishment, I do suspect that in the future the stronger Bitcoin becomes, the more will they attempt to discredit and fight it, with all means necessary.

Probably, but they will use the tools they know best and that have worked so well for them in the past; you know, the tools we elect. Thats the obvious way to undermine bitcoin.

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November 17, 2011, 02:06:40 PM
 #18


“First they ignore you, then they laugh at you, then they fight you, then you win.”

 Mahatma Gandhi

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herzmeister
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November 17, 2011, 02:14:36 PM
 #19

Unfortunately, Gandhi seems to have been wrong with the "winning" part on all too many instances of the past, otherwise we'd already see a much better world today.

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November 17, 2011, 03:16:03 PM
 #20

Guys,

 What about this:

 'Devastating' protocol flaw could paralyze Bitcoin system:
 http://www.theregister.co.uk/2011/11/15/bitcoin_flaw/ ?

Best,
Thiago

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