Bitcoin conspiracy theories.

[Anonymous]

I can't believe some of the inventive plot devices some people come up with when they rant about why bitcoin is not going to work and I dont know if its just a fear campaign or complete ignorance that creates these theories. The same people usally call you a nutbar for asking where Obama's birth certificate is...



I think we should share some of these whacky bitcoin conspiracies which crop up from time to time.

This particular guy has it bad....
http://fskrealityguide.blogspot.com/2011/03/bitcoin-conspiracy-theory.html

I read an interesting conspiracy theory regarding Bitcoin. Someone said "The guy who created Bitcoin actually works for the NSA."

I don't like Bitcoin. I don't see the attraction of using Bitcoin compared to gold and silver. Are State insiders promoting Bitcoin, as a distraction to using gold and silver?

If someone asked me, I'd accept payment in Bitcoin, only if I could convert it to gold or silver or State money.

Fewer than 1% of the population is running a Bicoin client. This makes it very easy for State thugs. They can check and see who's running a Bitcoin client, and add you to their "subversive persons" list.

For example, State thugs can keep track of who's running Tor. I heard of one guy who set up a Tor exit node. State thugs forced him to shut it down. They claimed someone used his Tor exit node for "downloading child pornography", making him legally responsible. I suspect most Tor nodes are run by the NSA. The NSA would have to be totally clueless, if they weren't controlling a large number of Tor nodes.

Suppose that the Bitcoin encryption has a hidden flaw. It's open source. That doesn't mean there isn't a cleverly-hidden flaw in the encryption.

The NSA is more than 20 years ahead of the general public, regarding encryption tricks. They could have planted an exploitable flaw in the Bitcoin encryption.

Every Bitcoin client has a copy of the full monetary base and the full transaction history. This makes it very easy for State thugs to spy on Bitcoin users, especially if there's a backdoor decryption key.

State tax collectors can run a Bitcoin client, apply their secret encryption backdoor, and see who's a heavy Bitcoin user. It's very easy for State thugs to identify heavy Bitcoin users.

I don't like Bitcoin. It's inferior to gold and silver. You can get the same benefit as Bitcoin by making entries on a piece of paper, settling with physical gold and silver when necessary.

I haven't seen an "alternate monetary system" that's more attractive than gold and silver. Are State insiders intentionally promoting Bitcoin, knowing it has exploitable flaws?

*shakes head

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[PLATO]

any publicity is good publicity...?

[­­­Atlas_]

He gives the NSA too much credit. They're just another inefficient government bureaucracy. To exalt it or any other government head to the status of a driven organization that has surpassed all the world's private incentive is ludicrous, if not comedy. Of course, unless it's ran by some impassioned madman intent on reigning all of society in the state's hands -- hardly likely.

[Anonymous]

He gives the NSA too much credit. They're just another inefficient government bureaucracy. To exalt it or any other government head to the status of a driven organization that has surpassed all the world's private incentive is ludicrous, if not comedy. Of course, unless it's ran by some impassioned madman intent on reigning all of society in the state's hands -- hardly likely.

Killing people is something they do much better than private indusries. 

Although Blackwater (XE)  is gaining ground on that front it seems.

[­­­Atlas_]

He gives the NSA too much credit. They're just another inefficient government bureaucracy. To exalt it or any other government head to the status of a driven organization that has surpassed all the world's private incentive is ludicrous, if not comedy. Of course, unless it's ran by some impassioned madman intent on reigning all of society in the state's hands -- hardly likely.

Killing people is something they do much better than private indusries. 

Although Blackwater (XE)  is gaining ground on that front it seems.

Heh.

The good thing about private industry is that they have more incentive to keep people alive, well, in most cases.

[Anonymous]

any publicity is good publicity...?

It's more like a mental breakdown than publicity imo.

[Ian Maxwell]

The same people usally call you a nutbar for asking where Obama's birth certificate is...

I defy you to point me to a single Bitcoin conspiracy theorist who has done this.

[­­­Atlas_]

The same people usally call you a nutbar for asking where Obama's birth certificate is...

I defy you to point me to a single Bitcoin conspiracy theorist who has done this.

My father. ;_;

[Ian Maxwell]

The same people usally call you a nutbar for asking where Obama's birth certificate is...

I defy you to point me to a single Bitcoin conspiracy theorist who has done this.

My father. ;_;

...well, there goes all the wind out of my sails.

(I think you birthers are nutbars too, but I'm not a Bitcoin conspiracy theorist. I just assumed people who like/dislike the idea of a conspiracy would tend to like/dislike them across the board.)

[Jim Hyslop]

(I think you birthers are nutbars too, but I'm not a Bitcoin conspiracy theorist. I just assumed people who like/dislike the idea of a conspiracy would tend to like/dislike them across the board.)

I think it's because conspiracy theorists don't really see themselves that way. In their minds, you are the conspiracy theory nutbar, they are just passing on the truth. :-D

[goatpig]

lmao at the Tor part

[TiagoTiago]

Wasn't Bitcoin created in big part to resist governament, big banks  etc conspiracies?

[Nefario]

Wasn't Bitcoin created in big part to resist governament, big banks  etc conspiracies?

That's what they want you to think, remember, just because you're paranoid, doesn't mean they're not after you.

[fetokun]

I can't believe some of the inventive plot devices some people come up with when they rant about why bitcoin is not going to work and I dont know if its just a fear campaign or complete ignorance that creates these theories.

I think this is a natural first reaction.
When I first googled about bitcoin and saw actual services and things being traded by bitcoin I immediately though "this is too good to be true".

Not meaning it will become too good to be true when the world starts seing value on bc and nations start adopting, I'm saying that it already is!

I spent about a week on google and a bunch of forums looking for a way to pay and recieve money anonymously. The best solutions I found involved buying (for at least $4k) a corporative bank account in some caribbean country and paying huge fees for each transaction... then I found bitcoin! It's like a party that is too good to last

(of course I'm talking about me, not that crazy blogger)

[em3rgentOrdr]

I can't believe some of the inventive plot devices some people come up with when they rant about why bitcoin is not going to work and I dont know if its just a fear campaign or complete ignorance that creates these theories. The same people usally call you a nutbar for asking where Obama's birth certificate is...



I think we should share some of these whacky bitcoin conspiracies which crop up from time to time.

This particular guy has it bad....
http://fskrealityguide.blogspot.com/2011/03/bitcoin-conspiracy-theory.html

That's a shame...I actually usually like FSK's articles and his humor.  But of course he does have some reasonable concerns about bitcoin that I can't fault him too much for.

Suppose that the Bitcoin encryption has a hidden flaw. It's open source. That doesn't mean there isn't a cleverly-hidden flaw in the encryption.

OH MY GOD!  I forgot that Bitcoin uses the OpenSSL library for cryptography and is Open-Source!!!  OpenSSL has been certified by THE FEDERAL GOVERNMENT:

OpenSSL is one of the few open source programs to be involved with validation under the FIPS 140-2 computer security standard by the National Institute of Standards and Technology's (NIST) Cryptographic Module Validation Program (CMVP).

We shouldn't trust them!!!

[gigabytecoin]

Wasn't Bitcoin created in big part to resist governament, big banks  etc conspiracies?

That's what they want you to think, remember, just because you're paranoid, doesn't mean they're not after you.

Trololololol

[Megawatt]

Actually I think the governments now have enough resources to disrupt bitcoin if they want, even without crypto breakthroughs.

[ryepdx]

Actually I think the governments now have enough resources to disrupt bitcoin if they want, even without crypto breakthroughs.

What? You mean some government has enough resources to screw around with our juggernaut of a $4,155,026 economy?  

[Anonymous]

The same people usally call you a nutbar for asking where Obama's birth certificate is...

I defy you to point me to a single Bitcoin conspiracy theorist who has done this.

My father. ;_;

...well, there goes all the wind out of my sails.

(I think you birthers are nutbars too, but I'm not a Bitcoin conspiracy theorist. I just assumed people who like/dislike the idea of a conspiracy would tend to like/dislike them across the board.)

Even billionaires like conspiracy theories 
http://articles.nydailynews.com/2011-03-24/news/29355366_1_donald-trump-president-obama-birth-certificate

Definitely a candidate to use bitcoin.....

[Anonymous]

Wasn't Bitcoin created in big part to resist governament, big banks  etc conspiracies?

That's what they want you to think, remember, just because you're paranoid, doesn't mean they're not after you.

Paranoid people are watching me all the time.