Have We Been Deceived on The Purpose of Bitcoin?

[worldtraveller321]

Question to the Crypto Community:

Have we been deceived about the true purpose of the crypto space?
For years, many have speculated about the identity of Satoshi Nakamoto—the mysterious creator of Bitcoin. What if this person (or group) was never the benevolent innovator we were led to believe? What if, instead, Bitcoin was designed as a tool for global manipulation—an elaborate scheme to consolidate power, undermine democracy, and ultimately enslave people under a new financial order?
In recent years, we’ve witnessed an alarming rise of radical right-wing influence in crypto. Today, the space is overrun with scams—99% of projects are fraudulent, from ICOs and NFTs to meme coins—designed not for decentralization, but as a means to extract more fiat currency. This contradicts the original vision of Bitcoin and raises the question: Was this the plan all along?
Governments and powerful institutions have increasingly entered the crypto space, not to empower people, but to guide them toward predatory schemes. Crypto, once seen as a path to financial freedom, is now being weaponized to deepen economic enslavement—driving people into debt and ensuring they remain prisoners of a collapsing system.
We've also witnessed global events that suggest an orchestrated effort to dismantle democracy. An empire has recently fallen under the control of a single leader, who is dismantling institutions, plunging citizens into poverty, and pushing nations into unnecessary wars. Meanwhile, my own country is being threatened by foreign intervention—an invasion motivated by the desire to seize resources and impose control, ensuring the rich become richer while the rest suffer.
Adding to the suspicion, we now know that governments hold Bitcoin reserves—not as a tool for public benefit, but as a mechanism to hoard wealth for the elite while depriving ordinary citizens of financial power. This aligns with a disturbing trend within the crypto space itself, where major influencers and public figures have been exposed as dishonest operatives with ties to hate groups, oppression movements, and extreme ideologies. Is crypto being used as a weapon to usher in a global system of authoritarianism, racism, fascism, and communism—disguised as financial innovation?
Could it be that Bitcoin was never meant to liberate the people, but instead to serve as the ultimate tool for economic enslavement? Was Satoshi Nakamoto not a visionary, but a hidden world leader—one whose influence we now see on a global scale, yet whose identity remains deliberately concealed?
Was Bitcoin an elaborate scheme from the very beginning—a calculated ploy to create wealth for the few while robbing the many of their freedom and democracy?
What do you think? Have we all been deceived?

[_act_]

Was Bitcoin an elaborate scheme from the very beginning—a calculated ploy to create wealth for the few while robbing the many of their freedom and democracy?

If an area has not been developed, you will see land to be very cheap there. But when developed, the lands are no more cheap but become expensive. Are people that bought land there later when it is expensive are deceived?

This is applicable to assets like bitcoin, silver and gold.

I am talking about bitcoin and not altcoins that are pump and dump scheme.

[Gozie51]

Bitcoin is not related to scam, Ico, Eco or NFT or altcoins are not bitcoin which is decentralized and free from government control. Despite the regulation agenda that could be coming from Trump administration and his strategic reserve propaganda, it is just political because whether exchanges are mandated for KYC, you can still deal without exchange, P2P transaction are still valid with btc and you can hodl btc on your noncustodial wallet.

Moreover, it is greed that make people to invest in shit projects. If you want to be guaranteed of your crypto investment then putting your money in btc is the best.

[cryptomaniac_xxx]

I'm not really sure if we can still have this mindset after all this years about Satoshi and his creation. I mean everything is on his White paper and we can read his posts in this community and what his goal and what he wanted to let his creation be.

So stop overthinking about Bitcoin, although it has evolved a lot as his plans is for it to be a payment scheme, nevertheless is it now an asset that people are making money. But I doubt what the OP speculate on what's the real purpose of Bitcoin or who Satoshi is.

[headingnorth]

Bitcoin and altcoins are two completely different things. The latter are total scams. Bitcoin is not.
If you don't understand the difference then you shouldn't talking about (or investing in) something that you have no clue about.

[ABCbits]

In recent years, we’ve witnessed an alarming rise of radical right-wing influence in crypto. Today, the space is overrun with scams—99% of projects are fraudulent, from ICOs and NFTs to meme coins—designed not for decentralization, but as a means to extract more fiat currency. This contradicts the original vision of Bitcoin and raises the question: Was this the plan all along?

Do you even read what you write? ICO, NFT and similar stuff are NOT Bitcoin.

What do you think?

You write something that's not really related with Bitcoin. About government owning and using Bitcoin, i should remind you that Bitcoin is permissionless, which means anyone could own and use Bitcoin.

[hero_the_bossman]

I'm not really sure if we can still have this mindset after all this years about Satoshi and his creation. I mean everything is on his White paper and we can read his posts in this community and what his goal and what he wanted to let his creation be.

So stop overthinking about Bitcoin, although it has evolved a lot as his plans is for it to be a payment scheme, nevertheless is it now an asset that people are making money. But I doubt what the OP speculate on what's the real purpose of Bitcoin or who Satoshi is.

BTC is the ultimate store of value, currently.
In the future, it may change, but for now, we are where we are.

[BlackBoss_]

Have we been deceived about the true purpose of the crypto space?

In recent years, we’ve witnessed an alarming rise of radical right-wing influence in crypto. Today, the space is overrun with scams—99% of projects are fraudulent, from ICOs and NFTs to meme coins—designed not for decentralization, but as a means to extract more fiat currency. This contradicts the original vision of Bitcoin and raises the question: Was this the plan all along?

It is not responsibility of Bitcoin to guide what altcoins do.

ICOs, IDOs, IEOs, NFTs, GameFi, manydifferentToEarn and more, they are from altcoins and we all know altcoins are weak, useless and very easily to be abandoned by their developers or die by bear market and new trends.

When bear market lasts for several months up to two years, many altcoin projects die, and when a new bull run comes with many new trends, developers will abandon those altcoin projects to create new trendy ones and continue their honeypot activities from naive altcoin investors.

Altcoins go to far but they don't stop, and Bitcoin can not stop them.
How many cryptocurrencies failed?
Don't buy altcoins because they are top altcoins

[FortuneFollower]

Have we been deceived about the true purpose of the crypto space?

In recent years, we’ve witnessed an alarming rise of radical right-wing influence in crypto. Today, the space is overrun with scams—99% of projects are fraudulent, from ICOs and NFTs to meme coins—designed not for decentralization, but as a means to extract more fiat currency. This contradicts the original vision of Bitcoin and raises the question: Was this the plan all along?

It is not responsibility of Bitcoin to guide what altcoins do.

ICOs, IDOs, IEOs, NFTs, GameFi, manydifferentToEarn and more, they are from altcoins and we all know altcoins are weak, useless and very easily to be abandoned by their developers or die by bear market and new trends.

When bear market lasts for several months up to two years, many altcoin projects die, and when a new bull run comes with many new trends, developers will abandon those altcoin projects to create new trendy ones and continue their honeypot activities from naive altcoin investors.

Altcoins go to far but they don't stop, and Bitcoin can not stop them.
How many cryptocurrencies failed?
Don't buy altcoins because they are top altcoins

BTC is BTC, and alts are alts. Some compare them, and it was done countless times, however, they serve different purposes, usually, not as genuine as the BTC's itself, but they still try in some cases (LTC, for example).

[Justbillywitt]

Question to the Crypto Community:

Have we been deceived about the true purpose of the crypto space?
For years, many have speculated about the identity of Satoshi Nakamoto—the mysterious creator of Bitcoin. What if this person (or group) was never the benevolent innovator we were led to believe? What if, instead, Bitcoin was designed as a tool for global manipulation—an elaborate scheme to consolidate power, undermine democracy, and ultimately enslave people under a new financial order?
In recent years, we’ve witnessed an alarming rise of radical right-wing influence in crypto. Today, the space is overrun with scams—99% of projects are fraudulent, from ICOs and NFTs to meme coins—designed not for decentralization, but as a means to extract more fiat currency. This contradicts the original vision of Bitcoin and raises the question: Was this the plan all along?

I have not been deceived, probably you are, when you thought the idea of investing in altcoins was better than that of those who said make your investment in bitcoin alone.  If 99% of crypto are scam according to you, at least bitcoin is not a scam. Bitcoin is that 1% that is not a scam. There is not sector of the economy that you will not see scam. There will always be people who will take advantage of what was intended for good, and use it in a bad way. That few elements are using bitcoin for the wrong purpose, doesn't mean that the entirety of bitcoin and the idea behind it is a scam. Everything that Satoshi Nakamoto intended for bitcoin is still serving it's purposes till date. For the first time people now have full control of their money. They have freedom and not enslaved. Bitcoin is accessable to everyone, so your idea that it was designed to create wealth for the few is false.

[Reatim]

Question to the Crypto Community:

Have we been deceived about the true purpose of the crypto space?
For years, many have speculated about the identity of Satoshi Nakamoto—the mysterious creator of Bitcoin. What if this person (or group) was never the benevolent innovator we were led to believe? What if, instead, Bitcoin was designed as a tool for global manipulation—an elaborate scheme to consolidate power, undermine democracy, and ultimately enslave people under a new financial order?

i can’t see why bitcoin would undermine democracy when it literally operates through miners all over the world deciding to mine and validate bitcoins if one miner doesn’t want to mine then he can just leave he is not being held im gun point or being forced by anyone

anything that they would want to implement in bitcoin needs the approval of majority of the miners

Was Bitcoin an elaborate scheme from the very beginning—a calculated ploy to create wealth for the few while robbing the many of their freedom and democracy?
What do you think? Have we all been deceived?

satoshi would have needed to predict that the public and the government will eventually warm up to bitcoin which wasn’t the case for a long time but it was fine because bitcoin didn’t need approval from the state it just needed the people i think you are overthinking this

[macson]

That's the business of the crypto world. Satoshi never developed ICOs and NFTs to meme coins, he was never involved or related to that. so when people suffer losses when they are involved in those things, then that is their full responsibility, and there is no need to link it to bitcoin because it has nothing to do with it at all.

And I think you are reading too much into speculation. no need to be too exaggerated I think. Satoshi only developed bitcoin as an alternative to a decentralized payment system, allowing people to transact without a central authority or central bank. it is not a ploy to create wealth for the few or whatever you say.

[Smartprofit]

I believe that Satoshi Nakamoto was a true cypherpunk and a visionary. His goal was to give people another effective tool for achieving personal freedom and independence.

For me, Satoshi Nakamoto is a kind of Prometheus. The Titan Prometheus gave people divine fire, and Satoshi Nakamoto gave digital decentralized money.

The problem is not with Satoshi Nakamoto at all, but with people themselves, who show their worst qualities in life (greed, hypocrisy, arrogance, servility). With the help of Bitcoin, people had a chance to radically change the world, but instead they used it for meaningless speculation.

As for those in power, in my opinion, they simply missed the creation of Bitcoin. In 2009, they were busy eliminating the consequences of the global financial crisis. When the elites came to their senses, Bitcoin had already spread among people so much that it was too late to ban it. 

A decision was made to "tame" the first cryptocurrency with the help of derivatives, futures, options, ETF funds, legislative regulation, KYC and AML procedures.

[NotFuzzyWarm]

@OP:
As expected from most ignorant trolls spouting verbal diarrhea, so far 12 replies from folks correcting him and not a single one from the OP in defense of his erroneous view. Safe to assume that after leaving his odious pile of crap the OP will not bother to return to the thread to drop another load.

Ignore button now active.

[Agbe]

Everyone has their views in the crypto space. Bitcoin came to liberate the financial system from the corrupt people by giving access to everyone to acquire and the core reason was to buy and sell online. But the store of value made people to purchase it and hodle it for the future use when the price rise above the capital investment price. And bitcoin has never been a scam but people used it to scam others. And bitcoin is the number one legit crypto in the world as of now. So as for me we have not not been deceived but those who are running from one crypto to another getting into scam. If you are investing in one and not anyone that came your way, you won't be scammed. The world leaders are now using it to do the opposite.

[maydna]

I do not feel I have been deceived by Bitcoin because I get the advantage from Bitcoin and other altcoins. Satoshi created Bitcoin and started to gain popularity while other people saw that as a way to make money from creating other projects. So we see from that moment that many projects have been released and say that they will be the best projects.

But after some time running, more projects were created by other developers and their teams but Bitcoin still remain at the top of the crypto. While the other project competes with each other, Bitcoin still leads the crypto and difficult to replace its position. We don't know what is the reason behind Bitcoin's creation but Bitcoin gave us the opportunity to have alternative currency and investment. However, Bitcoin is not going to replace all currencies in the world.

Choosing Bitcoin is personal decision and there is no forcing to involve in Bitcoin. So we can see many people are not yet involve in Bitcoin because they don't want to be part of Bitcoin itself. If you think Bitcoin deceive you, it is better you leave Bitcoin as it was.

[Frankolala]

Everybody loves what's good but some people will always abuse good things by taking advantage of it to scam people. Bitcoin was created for financial freedom, you can go and read the white paper. Government never liked bitcoin initially, but because they see that bitcoin is a store of value overtime, has made them reconsider bitcoin reserve. Bitcoin remains decentralized and no one has control over your bitcoin in your noncustodial wallet.

[Hatchy]

Was Bitcoin an elaborate scheme from the very beginning—a calculated ploy to create wealth for the few while robbing the many of their freedom and democracy?
What do you think? Have we all been deceived?

Ico, and other crypto projects like you mentioned were not created as decentralised. Actually they were made by groups of persons for their own personal benefits. comparing them with bitcoin to me makes no sense.
Though I do see where you are coming from and I can actually relate to it. The government are now flooding the crypto space, trying to convince everyone that they are supporters of crypto. But for me personally, I'd say that they are just trying to find a way to control the majority. Yes bitcoin can not be controlled by the government, but remember if they hold majority of the coins they can control it since they literally own them. Don't get me wrong here, but the government has no one's interest in mind but for their own selfish interests.

[cabron]

I have heard of this story from Whitney Webb where Bitcoin is for us to get used to online transaction and that while we are doing it, we will think we are free but in the end we are lured to surveillance instead.

I remember her say there is nothing in this world that gets popular without the backing of someone from the top. Those celebrities are not going to become celebrities if there is no big personality that vouches for this celebrity. Someone from the top vouches Bitcoin.

Because we are used to getting online transactions and our money is already digital we are all KYCed and our digital footprints are everywhere that even if we buy a tomato sauce online the government knew its you.

[Hyphen(-)]

Was Bitcoin an elaborate scheme from the very beginning—a calculated ploy to create wealth for the few while robbing the many of their freedom and democracy?
What do you think? Have we all been deceived?

The moment you failed to know the difference between Bitcoin and altcoin, then I think you are been deceived just as you said.

All these you have mentioned above about ICO, Scams, NFTs, and so on are all related to altcoin and not Bitcoin, and Bitcoin is the pioneer of cryptocurrency which was created to give us financial freedom, while all altcoins are created to give Bitcoin some competition which will always fail because these altcoins are centralized and will always be controlled by its owners.

Governments after making several attempts to stop Bitcoin and failed, they decided to start distracting people like you with their altcoins they are using to gain attention in the sense that people will think that they are controlling the crypto market; but always remember that all these coin will pump it Bitcoin pump and once the price of Bitcoin is down, they will also dump; therefore, make sure you have good knowledge about Bitcoin before making conclusions.