Who's behind the mysterious Bitcoin?

[NeuroticFish]

thank you for your comment but Could you please kindly let me know where my lack of knowledge is? I have posted this subject to get more info , but you just criticised and did not add any knowledge to this post. I have studied many books about the monetary system and seriously following all news and papers in this regard. You are right I am writing a book with same subject too , Any of above statements you choose I will give you the reference! Please kindly add something to the post at least your own Idea!

That you've written was a story, not that much a question. Again, I advise you ask punctual questions.
And if you write a book, good for you. I hope though you can do better than what you've put in that post.
Yes, I was harsh. I am usually harsh with clueless conspiracy histories and incorrect things presented as facts.

But you wanted me to be constructive, so here I am:
(Note: I've used parts of your initial post in my answers, although I didn't quoted them 'by the book').

The first 2 paragraphs I don't know how much truth is in those stories, they look to me as more conspiracy histories than known facts. Whenever you want to be spot on, you should include links to reputed sources confirming what you're writing.

Then you came with this "Now World leaders , those running the USD have made the Mythology of Satoshi Nakamoto, an unknown creative person who lived in a different era ."
I mean, really?! This is a good story for people outside of bitcointalk, but not here. There were people working with mysterious man. So while he was indeed very good in hiding his identity and traces, he's far from being part of a mythology. Also, I find that paragraph completely wrong/off. World leaders and bankers have called bitcoin a scam for far too many years and most of them are still fighting it. So them calling it sanctuary and salvation.. you're probably narrating things from an alternate dimension where the things are different than on this earth.

"Did you ever think why we can easily transfer two BTC around 80K USD without any KYC but if we transfer 7k to our personal account they freeze that account and we have to show them plenty of documents to release that?" This shows that you did no fact checking and just narrating conspiracy stories. One can transfer all his coins wherever he wants and no matter how much that is, with no restrictions at all, as long as he uses proper wallets and pays the miners' fee. And you know why? It's because the wallets are just pieces of software you are in charge of and the miners cannot seize your funds. Account freeze goes in centralized platforms, where, if you want to use them, you have to go by their rules, no matter the funds - big or small (of course, some may not always bother for pennies, but this doesn't change the overall picture). So, as I said, you should have been asking.

"Why is BTC big wallets holding millions and billions of USDT unknown but for opening a penny account we have to submit plenty of documents and pay lodge fees ?!"
I will answer with a question: why you can keep tons of gold buried in your backyard and nobody asks a word, but if you want to get it to bank you'll get a lot of questions asked?
The reason is identical.

"By any chance is this possible most of these wallets belong to the federal reserve itself and just waiting they burn enough petro dollars of oil countries by playing with BTC Market and when they are convinced enough is enough bull run the price to million USD and start a new age of crypto back dollar?"
You've watched the wrong movie. Most of those guys started buying late, or didn't have started buying at all. Conspiracy stories all over. Again.
But please, prove me wrong, but with reliable numbers.

"The Chinese found out about this matter two late when more than 18 million of BTC mined in China but quite a big chunk of profit was received to huge mining  farms in Texas!"
Again, bullshit.
1. I find mathematically impossible so much coins be mined in China; so please show me the numbers (from reputable sources, remember?) if you have them.
2. How could mining farm 2 get the profit of mining farm 1? If that happens for one block (not millions of BTC), in the next second everybody leaves the scamming pool. But since you prefer conspiracies, you may have missed that. You could ask/read abut how mining actually happens.

"I agree it's quite a wise decision to buy and hold BTC because I believe this is the game and Bitcoin will get to Million Dollar one day!"
I thought that you think it's only the game of petro-dollars guys, aren't we too small to compete with them? How on earth would they allow us get into their game?
1M is wishful thinking, but I cannot argue that. Many hope it'll get that high. I also hope the price will still go up, but I am not that optimistic.

So, again, too much conspiracy histories, too few facts, and those that I know are wrong, then you came with a conclusion, which is pretty much unrelated to the entire story. At least I cannot argue with the conclusion.
I hope that were not expecting I'll look up/fact check everything and I hope that I was constructive enough. And yeah, I was harsh again...

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[NotATether]

Any idea that the "world elite" (which do not exist) created the Satoshi Nakamoto pseudonym is categorically false, because (i) such people would not be interested in piloting an unknown technology in an area of industry where others have failed (hashcash!) - (ii) Such actions would've inevitably entered mainstream news at the time - the early 2010s and 2009 - but since it didn't, it's is highly unlikely that it was ever done like that in the first place - (iii) various governmental spy agencies would've already tracked the development at any rate and try to control it at an early stage. The fact that they didn't do that until well after cryptocurrency became more valuable than a few dollars indicate that they were not aware of such developments until Gavin Andresen informed the CIA about BTC himself.

Also you can't transfer large sums of BTC without detection - that's pure folly. USDT wallets are not bank accounts proper and as such you cannot do anything with it unless you liquidate the USDT for fiat money, which has quickly become impossible because (i) legal regulations prevent exchanges from doing this and (ii) it would wipe out the exchange's reserves very quickly and make them bankrupt.

This is your periodic reminder to avoid persuing "alternative facts" about cryptocurrency.

[Flexystar]

This is another conspiracy theory now, though backed up by political agendas in the past it has no real proofs in connection with the Bitcoin. We don't see any solid proofs then we don't believe in it. If there would have been such case then it was far easier to go public and make announcement of the bitcoin being launched by feds itself. However, this would have crashed the market drastically, like the 2008 or worse because one, people knew its run by government and secondly people were anxious to get rich by investing into new rocket science tech. With crypto currencies evolution financial institutes which are centralised, getting worst hit since its inception. There is little to no evidence for the theory in op.

[BlackHatCoiner]

Pretty much what NotATether said. I'm going to add another counter-argument to this pointless conspiracy by asking this: Why would a government want to create something so revolutionary, unstoppable, freedom-seeking and transparent? Whoever did this, whether he was a Japanese man, Putin, an alien, Craig Liar Wright, Ash Ketchum, or whatever, it doesn't matter at all.

There's no tangible benefit from a government's perspective to make such thing, because it gives the financial power to the people.

[tyz]

Forget about your far-fetched theory, just focus on Bitcoin as it is. Whether Bitcoin was created by the Fed or the CIA, whether Satoshi Nakamoto was just a myth, Bitcoin could be independently appreciated for what it is. And it is what it is, a truly decentralized, trustless, immutable currency. So embracing Bitcoin should not be emanating from bizarre theories. Rather, it is through an objective scrutiny of its features.

Absolutely, and what else speaks against the theory is that Bitcoin would be finished if all players would lose confidence in it. The fate of Bitcoin is in the hands of many independent people who work together to create such an amazing network.

[AicecreaME]

Satoshi Nakamoto or not Satoshi Nakamoto is the founder of bitcoin it doesn’t matter anymore. The decentralized system created is enough to praise the person. And I also feel the person been anonymous is the best thing to have ever happened in cryptocurrency. If he was not anonymous, who knows what would have happened to him.
In his last message sent he said “the future of bitcoin is in safe hands” and so it is till date and am sure it’s will Ben forever.
Thanks to this anonymous cryptocurrency inventor🙏🏽

Indeed. Satoshi whether he/she is an individual or group of people, they really helped a lot of people. Bitcoin became the founding father of other cryptocurrencies which bloomed and are still blooming. It gave people an alternative and another choice to choose from to do their transactions without the fear of someone is watching their history and processes, simply because it is a decentralized entity. Whoever they might be, they are good geniuses. And I respect their decision to stay behind the shadows. For sure they have their reasons.

Bitcoin paved way to many opportunities which many people could take advantage from for their own sake. It became the store of value and medium of exchange to some. Many people have been free from financial burdens with the help of bitcoin. It's really amazing to have such entity wherein you could put your assets to avoid inflation as well. If people would just explore, they would find so much more worth their time and resources.

[Ryu_Ar1]

in this case maybe my brain is not able to reach conspiracy theories like this anymore because there are too many theories behind the creation of Btc and I can't stand to see many theories even though many of them are quite plausible but so far have not been proven.
which I have to believe that Bitcoin was created by Satoshi. only to that extent. despite the many theories now I don't really care anymore because this will only burden my mind

[SirLancelot]

snip

Why would you care about this enough to write such a big deal? I mean I get that you wanted to help someone to see a better point of view, instead of fake news. However, conspiracy theories are dime a dozen everywhere around the world. Like "area 51 has aliens!!" or "lizards are running the world!" or "illuminati controls everything!!" and so forth. Of course, there will be some in crypto world as well and some people will create and make up some stories.

So, just ignore it, move on, and just carry on with your life without even remembering it. Caring enough about what OP said to write this much, only hurts you, because either OP will ignore, or everyone ignores him anyway.

[NeuroticFish]

Why would you care about this enough to write such a big deal? I mean I get that you wanted to help someone to see a better point of view, instead of fake news. However, conspiracy theories are dime a dozen everywhere around the world. Like "area 51 has aliens!!" or "lizards are running the world!" or "illuminati controls everything!!" and so forth. Of course, there will be some in crypto world as well and some people will create and make up some stories.

So, just ignore it, move on, and just carry on with your life without even remembering it. Caring enough about what OP said to write this much, only hurts you, because either OP will ignore, or everyone ignores him anyway.

While you do have a point and I do that many times (ignore & move on), just for the sake of my health, now and then I have the patience to get my sword and fight with the windmills.
The problem is that if we allow people spread all the fake news and conspiracy theories and just ignore them, the newbies will come and will have no idea what to believe, they won't get have a healthy foundation for their logic. I wish to believe that everybody will ignore this kind of "writings", but I am certain that it's not like that.

Plus: not all conspiracy theory adepts are trolls and idiots, some are just misled. Maybe OP is only misled, who knows?

[ariinv]

thank you for your comment but Could you please kindly let me know where my lack of knowledge is? I have posted this subject to get more info , but you just criticised and did not add any knowledge to this post. I have studied many books about the monetary system and seriously following all news and papers in this regard. You are right I am writing a book with same subject too , Any of above statements you choose I will give you the reference! Please kindly add something to the post at least your own Idea!

That you've written was a story, not that much a question. Again, I advise you ask punctual questions.
And if you write a book, good for you. I hope though you can do better than what you've put in that post.
Yes, I was harsh. I am usually harsh with clueless conspiracy histories and incorrect things presented as facts.

But you wanted me to be constructive, so here I am:
(Note: I've used parts of your initial post in my answers, although I didn't quoted them 'by the book').

The first 2 paragraphs I don't know how much truth is in those stories, they look to me as more conspiracy histories than known facts. Whenever you want to be spot on, you should include links to reputed sources confirming what you're writing.

Then you came with this "Now World leaders , those running the USD have made the Mythology of Satoshi Nakamoto, an unknown creative person who lived in a different era ."
I mean, really?! This is a good story for people outside of bitcointalk, but not here. There were people working with mysterious man. So while he was indeed very good in hiding his identity and traces, he's far from being part of a mythology. Also, I find that paragraph completely wrong/off. World leaders and bankers have called bitcoin a scam for far too many years and most of them are still fighting it. So them calling it sanctuary and salvation.. you're probably narrating things from an alternate dimension where the things are different than on this earth.

"Did you ever think why we can easily transfer two BTC around 80K USD without any KYC but if we transfer 7k to our personal account they freeze that account and we have to show them plenty of documents to release that?" This shows that you did no fact checking and just narrating conspiracy stories. One can transfer all his coins wherever he wants and no matter how much that is, with no restrictions at all, as long as he uses proper wallets and pays the miners' fee. And you know why? It's because the wallets are just pieces of software you are in charge of and the miners cannot seize your funds. Account freeze goes in centralized platforms, where, if you want to use them, you have to go by their rules, no matter the funds - big or small (of course, some may not always bother for pennies, but this doesn't change the overall picture). So, as I said, you should have been asking.

"Why is BTC big wallets holding millions and billions of USDT unknown but for opening a penny account we have to submit plenty of documents and pay lodge fees ?!"
I will answer with a question: why you can keep tons of gold buried in your backyard and nobody asks a word, but if you want to get it to bank you'll get a lot of questions asked?
The reason is identical.

"By any chance is this possible most of these wallets belong to the federal reserve itself and just waiting they burn enough petro dollars of oil countries by playing with BTC Market and when they are convinced enough is enough bull run the price to million USD and start a new age of crypto back dollar?"
You've watched the wrong movie. Most of those guys started buying late, or didn't have started buying at all. Conspiracy stories all over. Again.
But please, prove me wrong, but with reliable numbers.

"The Chinese found out about this matter two late when more than 18 million of BTC mined in China but quite a big chunk of profit was received to huge mining  farms in Texas!"
Again, bullshit.
1. I find mathematically impossible so much coins be mined in China; so please show me the numbers (from reputable sources, remember?) if you have them.
2. How could mining farm 2 get the profit of mining farm 1? If that happens for one block (not millions of BTC), in the next second everybody leaves the scamming pool. But since you prefer conspiracies, you may have missed that. You could ask/read abut how mining actually happens.

"I agree it's quite a wise decision to buy and hold BTC because I believe this is the game and Bitcoin will get to Million Dollar one day!"
I thought that you think it's only the game of petro-dollars guys, aren't we too small to compete with them? How on earth would they allow us get into their game?
1M is wishful thinking, but I cannot argue that. Many hope it'll get that high. I also hope the price will still go up, but I am not that optimistic.

So, again, too much conspiracy histories, too few facts, and those that I know are wrong, then you came with a conclusion, which is pretty much unrelated to the entire story. At least I cannot argue with the conclusion.
I hope that were not expecting I'll look up/fact check everything and I hope that I was constructive enough. And yeah, I was harsh again...

Thank you , Thank you , Thank you
This is constructive comments now!
For first two paragraphs you can Read Oil Money by David M. Wight , Cornell University Press, everything is there!!
But about Mr. Satoshi Nakamato this is Wikipedia : “Satoshi Nakamoto is the name used by the presumed pseudonymous person or persons who developed bitcoin” Could you please address was working with this mysterious man as a Bitcoin Insider! Do you mean Hal Finney who died in Phoenix, Arizona, on August 28, 2014, as a result of complications of ALS and was cryopreserved by the Alcor Life Extension Foundation? Could you please address someone alive with a proof behind his words? There are people saying they saw UFOs and aliens kidnapped them and so on, do you believe them without proof?
World leaders and bankers call Bitcoin spam since fiat currency is not running their business any more and they are not able to hide behind it, why do they need money? “ Money not only “makes the world go round, but also wrecks the world in the process. The huge debt accumulated by third world countries, unemployment, environmental degradation, the arms build-up and proliferation of nuclear power plants are related to a mechanism which keeps money in circulation: Interest and compound interest . This is according to economic historian John L. King is the “invisible wrecking machine” in the all so-called free-market economies!
When you tools is too old and not productive any more , you should hone your skills and choose a much better advance cryptographic tools, People hate you but you have to pretend this is the salvation , you have to pretend it is not belong to you at all , grow it and when it is grow enough put it behind your wrecked fiat currency to rehabilitate it again.
This is exactly the same Prof. Nicholas Talib posts who said I am writing a black paper for bitcoin but on the other hand he is receiveing his webinar fees from BTC !!
Believe me I know block chain and I know how all miners with different algorithms work. I was talking about a centralized platform, not cold wallets and ledgers! Our team wrote the first app for ledger live to recover ETH from the ETC network!
But this Statement
“ Why can you keep tons of gold buried in your backyard and nobody asks a word, but if you want to get it to the bank you'll get a lot of questions asked?” This took me Back to our original question: with amniotic eggs showing up roughly 340 million or so years ago, and the first chickens evolving at around 58 thousand years ago at the earliest, it's a safe bet to say the egg came first. Eggs were around way before chickens even existed. Bro, how do you want to buy your gold to bury them in your backyard?? By fiat or Crypto??!!
“You've watched the wrong movie. Most of those guys started buying late, or didn't start buying at all. Conspiracy stories all over. Again.
But please, prove me wrong, but with reliable numbers.” Do you know these guys ? I am teaching trading from 2004 I have grown with this market , I am from the age we have to go to wall street and talk with deaf language with inside brokers , opening account in chase Manhattan to link it with CBOT account and secure that with lots of paper works. No one can say with confidence that this belongs to those who bought BTC very cheaply. I bought my first BTC 660 USD and still have it! I have dug enough into different books and papers and I believe these sharks are not ordinary people , you prove me wrong. Please kindly read Superclass : The global power elite and the world they are making 2008 by Rothcopf David , and read world economic forum report 2021!
This one was very polite ! ”The Chinese found out about this matter two late when more than 18 million of BTC mined in China but quite a big chunk of profit was received to huge mining  farms in Texas!"
Again, bullshit. 
I did not mentioned 18 Million BTC is mined in China, I mentioned till 18 Million BTC mined worldwide ,  china was not aware is playing in USA playground , Please Kindly Read “ China’s Trump Card - Cryptocurrency and its Game-changing role in Sino-US Trade by Raymond Yeung printed by Wiley
I have visited Chinese Bitcoin farms , that time 16% of world bitcoin  was mining in Sichuan and 54% of Bitcoin mining in China!
https://[Suspicious link removed]/38vvlIp
In 2021, the world's top Bitcoin mining pools all came from China, with five pools being responsible for over half of the cryptocurrency's total hash.
https://www.statista.com/statistics/1200477/bitcoin-mining-by-country/
“2. How could mining farm 2 get the profit of mining farm 1? If that happens for one block (not millions of BTC), in the next second everybody leaves the scamming pool. But since you prefer conspiracies, you may have missed that. You could ask/read about how mining actually happens.”
Please kindly refer to the Bitcoin mining reward formula , for being the first to solve a complex math problem and creating a new block of verified bitcoin transactions. And every time a new block is created it is verified by all the other competing miners. Then a new math problem is introduced and the miners start over.
In Sichuan they were using nasty old miners with 10.5 and 12 Tera hash speed! Lots of heat and low income, much more power consumption than Texas Mining farms consume to mine a bitcoin and be the first to solve a new block by much more speed! I was talking with one of CEOs who run a huge Bitcoin farm and I told him there are countries who got big power plant working with natural gas but they don't have proper distribution networks, and they can provide almost free electricity inside the plant and they will be very happy to colocate your Miners , he answered if even they give us free Electricity because they have packet loss in internet connection they mine hollow blocks and efficiency is too low, in china also this is another serious problem because of many filtration on internet connections and packet loss!
"I agree it's quite a wise decision to buy and hold BTC because I believe this is the game and Bitcoin will get to Million Dollar one day!"
Market is too small but growing fast , please kindly read the latest world trade forum report! The predicted growth is unbelievable but with  a burning formula! Game already started when the IRS got involved!
Thank you again , and thank you for giving me this chance to explain more ! your answer was not harsh to me, it was like a marshmallow ! All the best  

[aysg76]

Pretty much what NotATether said. I'm going to add another counter-argument to this pointless conspiracy by asking this: Why would a government want to create something so revolutionary, unstoppable, freedom-seeking and transparent? Whoever did this, whether he was a Japanese man, Putin, an alien, Craig Liar Wright, Ash Ketchum, or whatever, it doesn't matter at all.

There's no tangible benefit from a government's perspective to make such thing, because it gives the financial power to the people.

Have heard this many times that it was government creation but they didn't have idea it will spread at this level,Russian conspiracy against the world and all other bullshits people make to unveil the motive behind the bitcoin creation or the mysterious Satoshi but why do we need them in first phase?

Second irony is that a government creating tool to end up it's control over the financial system of the country sounds weird and when NSA and other agencies have secret system to track you all over and record your movements will they be jumping into allowing citizens to use bitcoin for their freedom? The clear answer is NO and to all those people just one answer We all are Satoshi and use bitcoin for the purpose it was built not coming up with new fictional stories each time.

[NeuroticFish]

wall of text

Sorry, I don't have the patience to read that entirely for a full answer. I've tried this or that, but from the way you're presenting information I don't believe you to be (or have been) a teacher. I start to think that you're just trolling.

[ariinv]

wall of text

Sorry, I don't have the patience to read that entirely for a full answer. I've tried this or that, but from the way you're presenting information I don't believe you to be (or have been) a teacher. I start to think that you're just trolling.

I believe this is a forum for cryptocurrency intellectuals to discuss their own Idea to find out the truth , a possibility to see a bigger picture of subject and decide wisely , Time is to key to find out who is trolling . I will be student for ever  and teach since its my job and do it for living! Thank you again for involving in discussion! but you disappointed me with early give up and tagging me as troller!

[dataispower]

Forget about your far-fetched theory, just focus on Bitcoin as it is. Whether Bitcoin was created by the Fed or the CIA, whether Satoshi Nakamoto was just a myth, Bitcoin could be independently appreciated for what it is. And it is what it is, a truly decentralized, trustless, immutable currency. So embracing Bitcoin should not be emanating from bizarre theories. Rather, it is through an objective scrutiny of its features.

There were so many theories about who created bitcoin, one such claim is from craig wright (he is nothing but faketoshi). Nonetheless I do agree that as a mode of payment bitcoin has provided so much relief to this world that fiat never provided.
As a freelancer now I get my money instantly and without any cuts. The centralized platforms like fiverr deducts 20% from each earning.

The most popular one and the one who created the bitcointalk is the one people know that creates bitcoin. I don't need to think otherwise or further to conclude that Satoshi Nakamoto is the original founder of bitcoin creator. Maybe it might have cartel shares the ideas of bitcoin with. And those people may claim that they are the original founder of bitcoin through bloggers who speculates wrong information and feel of us will believe that it's true

[buwaytress]

I believe this is a forum for cryptocurrency intellectuals to discuss their own Idea to find out the truth , a possibility to see a bigger picture of subject and decide wisely , Time is to key to find out who is trolling . I will be student for ever  and teach since its my job and do it for living! Thank you again for involving in discussion! but you disappointed me with early give up and tagging me as troller!

Not sure where you got your beliefs from. There are a number of intellectuals on the forum, for sure, but the vast majority are like me: uneducated (high school doesn't count, no?), of average and occasional intelligence and wit, hardly intellectuals. A good thing, as that means more colourful and interesting, if I'm allowed to bring up a lazy stereotype of the pontificating Bitcoin intellectual.

We're individuals eager to discuss, yes, even to argue, share, postulate, etc. but not nearly naive to believe we're out to find the truth. Most have our minds made up about Bitcoin, what it means to us and what we'll do with it. Many are great educators, teachers, but not of "the truth" but of software and utility.

Oh and don't be offended for being marked as a troll. Some of my forum favourites are... trolls.