Some conspiracy theories about Bitcoin

[mindrust]

Bitcoin is open source, who cares who created it? If you don't like it, you are free to ignore it. That's the beauty of bitcoin. You may not know anything about satoshi nakamoto's real identity but you can know everything about the code he created. Just read it and make sense out of it. It is out there, available to everybody. If you think you are not capable of understanding it because you don't know how to code, you don't need to worry. Use your favorite AI app and it will explain what bitcoin code does like you are 5.

Still though, I somehow believe that these conspiracy theories are good for bitcoin. The more people come up with these crazy ideas, the more people talk about bitcoin and bitcoin's popularity rises even more.

[xbetz.io]

Many of these “conspiracy theories” appear in every new technology cycle. Whales influencing short-term price action is not unique to Bitcoin, it exists in all markets with liquidity concentration. That doesn’t mean the system itself is controlled, only that markets are emotional in the short term. What makes Bitcoin different is that the rules are transparent and verifiable. Supply, issuance and validation are not hidden behind institutions. Ironically, the fact that people can’t easily identify a single controlling entity is what fuels many of these theories in the first place.

[Sunshine1525]

Still though, I somehow believe that these conspiracy theories are good for bitcoin. The more people come up with these crazy ideas, the more people talk about bitcoin and bitcoin's popularity rises even more.

What couldn't stop Bitcoin from existence would eventually make it more popular, i think smart people would take their time to do some findings about those false narratives and eventually get to embrace Bitcoin when they figure out the claims are wrong whereas Bitcoin has more to offer than false theories, you're right afterall.

[pearlmen]

The traditional banking system failed but then a messiah in person of Satoshi Nakamoto came up with an idea, a great innovation that helped revolutionised the way we think about money and birthed decentralization thereby introducing an alternative to the third party system the banks operates with and made people understand that they can be their own bank, with Bitcoin.

However critics and those who are too anxious to know who the anonymous creator of the great innovation Bitcoin is have been coming up with different conspiracy theories, things like.

- That whales are manipulating and determining the price of Bitcoin, whereas the price of Bitcoin is controlled by demand/supply.
- Bitcoin being a ponzi scheme created by a group of people in the CIA.
- That the mining of Bitcoin is nothing but a waste of energy.
- That Bitcoin was created as a tool by elites for money laundering.
- Satoshi being link to different names that were never true including Jeffery Epstein that was recently linked and claimed to be the true identity behind the name Satoshi Nakamoto.
- That Bitcoin was created by the illuminati to have control of the monetary system around the globe.
- The most surprising is that Bitcoin is an alien technology, which is cause it's blockchain is very difficult to be hacked.

These are the conspiracy theories i've heard about Bitcoin, but then Bitcoin is still thriving and becoming more valuable as the year goes, i believe that all these are just false claims to discourage people from buying Bitcoin however Bitcoin is the future and those who're wise enough to understand that have embraced it. You must have heard some false claims about Bitcoin, feel free to discuss about it.

Unfortunately, these theories are not new but surprisingly is the one of being linked it to Jeffery Epstein this is really new and I guess even at death, people are still giving credit of a technology that has been adjudged to be one of a kind to someone who it was not written anywhere can do the least amount of coding. I think out of all the most ridiculous claim we would hear or read about, this one tops it.

[Rustam Meraj]

Bitcoin will continue to lead world as global fashion, even as secret stories, including secret stories about links to CIA and Jeffrey Epstein to even more strange ideas of space technology, become even weirder versions of themselves. On one hand, haters call it scam or nature ruin. On other, however, according to real information, more than 55 percent of mining is already running on green energy and the clearness of blockchain has in fact allowed law enforcement to get back over 12 billion dollars in stolen funds.

I believe that mystery behind Satoshi Nakamoto is actually best feature of Bitcoin; hiding name made sure that there is no single point of breakdown in network and that it cannot be stopped or ordered by individual or government. After all, Bitcoin is not worthless as it is math based fair and very rare item that has stood up to seventeen years of attacks and shows that haters are so busy with question of who has created it that they are not paying enough attention to fact that rules work.

[yhiaali3]

The conspiracy theory that I found most appealing is that Bitcoin was created by aliens. These people truly have vivid imaginations, when they can't face reality they resort to fabricating stories far removed from it.

The mere invention of the theory that Bitcoin was made by aliens indicates, firstly: their inability to understand Bitcoin, and secondly: it indicates their recognition of the extent of Bitcoin’s power, to the point that they believe it is not made by ordinary humans.

Regardless of all the conspiracy theories, and regardless of who actually created Bitcoin or who is behind it, I will remain committed to Bitcoin, and Bitcoin will continue to be the most beautiful and powerful invention of this era.

[welovebit]

Regardless of all the conspiracy theories, and regardless of who actually created Bitcoin or who is behind it, I will remain committed to Bitcoin, and Bitcoin will continue to be the most beautiful and powerful invention of this era.

This part is most interesting and important for me because I also have few theories about Bitcoin, but now all cleared with I am trying to teach my kids about this as well because they needed to understand this bitcoin bring financial world on another level this is big change.
Recently they are doing hypocrisy with this and trying to manipulate things but still it's going to be stayed with own rules this is always best thing regarding Bitcoin no doubt about this Bitcoin is one of the wonders allow millions to improve their lives and have positive changes which were not possible or easy through old system which was controlled by few peoples for their own interest.

[Saltysugar99]

Many people mention positive conspiracies about Bitcoin. Which are based on logic and assumptions. Many people think that Bitcoin will become the reserve currency of the whole world . Although one or two countries are holding Bitcoin. To become the reserve currency of the whole world, it will need universal acceptance, which has not been created yet. but  it is possible as need huge time. But another thing is that some also think that Bitcoin was created by Satoshi Nakamoto who was come from the future. Which is rumors. Because there is no truth or logic behind it. This kind of conspiracy about Bitcoin has from long time ago
.

[davis196]

- That whales are manipulating and determining the price of Bitcoin, whereas the price of Bitcoin is controlled by demand/supply.
- Bitcoin being a ponzi scheme created by a group of people in the CIA.
- That the mining of Bitcoin is nothing but a waste of energy.
- That Bitcoin was created as a tool by elites for money laundering.
- Satoshi being link to different names that were never true including Jeffery Epstein that was recently linked and claimed to be the true identity behind the name Satoshi Nakamoto.
- That Bitcoin was created by the illuminati to have control of the monetary system around the globe.
- The most surprising is that Bitcoin is an alien technology, which is cause it's blockchain is very difficult to be hacked.

You are wrong about the "ponzi scheme" BS. Ponzi schemes work in a different way. Bitcoin is supposed to be a "pump-and-dump" scheme.
How are the elites money laundering since the transactions on the BTC blockchain are transparent and all centralized crypto exchanges have imposed KYC/AML policies?
BTC mining is a "waste or energy" but Bitcoin somewhat still has value?
The idea of Satoshi being Jeffrey Epstein is the dumbest thing I've heard about Bitcoin.
The illuminati don't exist(or maybe they do exist) and Bitcoin definitely isn't helping them to gain control over the fiat monetary system.
The fiat system is still way stronger than the crypto world. Maybe the illuminati are controlling the fiat monetary system, not the crypto industry. BTC being made by aliens is a joke.

[Chinesebaby]

The traditional banking system failed but then a messiah in person of Satoshi Nakamoto came up with an idea, a great innovation that helped revolutionised the way we think about money and birthed decentralization thereby introducing an alternative to the third party system the banks operates with and made people understand that they can be their own bank, with Bitcoin.

However critics and those who are too anxious to know who the anonymous creator of the great innovation Bitcoin is have been coming up with different conspiracy theories, things like.

- That whales are manipulating and determining the price of Bitcoin, whereas the price of Bitcoin is controlled by demand/supply.
- Bitcoin being a ponzi scheme created by a group of people in the CIA.
- That the mining of Bitcoin is nothing but a waste of energy.
- That Bitcoin was created as a tool by elites for money laundering.
- Satoshi being link to different names that were never true including Jeffery Epstein that was recently linked and claimed to be the true identity behind the name Satoshi Nakamoto.
- That Bitcoin was created by the illuminati to have control of the monetary system around the globe.
- The most surprising is that Bitcoin is an alien technology, which is cause it's blockchain is very difficult to be hacked.

These are the conspiracy theories i've heard about Bitcoin, but then Bitcoin is still thriving and becoming more valuable as the year goes, i believe that all these are just false claims to discourage people from buying Bitcoin however Bitcoin is the future and those who're wise enough to understand that have embraced it. You must have heard some false claims about Bitcoin, feel free to discuss about it.

When people can't control you, they will always come up with an allegations just to scare people away from you, and that's exactly what happened to Bitcoin by government and the central bank authorities, coming up with fake theories that were never true about what Bitcoin represents. And I can remember when Bitcoin started becoming popular in my region far back in 2017, how many people thought it was a scam, and scared away from it, and even myself, but now regretting today. And likewise so has every bear period also create a panic in the minds of Bitcoin investors. So it's literally not new anymore

[Ishicryptic]

While some people are creating conspiracy theories and others are believing it, the smart ones are benefiting from Bitcoin profits, I don't worry myself about these theories since I can buy Bitcoin as an asset and I'm seeing it practically reaching ATH. As long as there is no concrete proofs about these theories I don't care whatever they conspire to mislead those that are not ready to take advantage of the privacy and freedom including profit of Bitcoin. I've always known that any technology that wows people they will form some conspiracy theories about it, how come planes will defy gravity? How come I'll be here and discussing live with somebody in another country? How come a decentralized digital currency with limited supply?

[fikrett]

While some people are creating conspiracy theories and others are believing it, the smart ones are benefiting from Bitcoin profits, I don't worry myself about these theories since I can buy Bitcoin as an asset and I'm seeing it practically reaching ATH. As long as there is no concrete proofs about these theories I don't care whatever they conspire to mislead those that are not ready to take advantage of the privacy and freedom including profit of Bitcoin. I've always known that any technology that wows people they will form some conspiracy theories about it, how come planes will defy gravity? How come I'll be here and discussing live with somebody in another country? How come a decentralized digital currency with limited supply?

Yep. It's all mostly noise. But people are people - they love to speculate, be it price or something like conspiracies..

[Rabata]

While some people are creating conspiracy theories and others are believing it, the smart ones are benefiting from Bitcoin profits, I don't worry myself about these theories since I can buy Bitcoin as an asset and I'm seeing it practically reaching ATH. As long as there is no concrete proofs about these theories I don't care whatever they conspire to mislead those that are not ready to take advantage of the privacy and freedom including profit of Bitcoin. I've always known that any technology that wows people they will form some conspiracy theories about it, how come planes will defy gravity? How come I'll be here and discussing live with somebody in another country? How come a decentralized digital currency with limited supply?

Many people made negative attitude towards Bitcoin in the past, but today many of them have moved away from those thoughts. Because they now understand that their conspiracies or false information had no basis, but the reality of Bitcoin has become clearer. They are now focusing more on how to increase their investment instead of paying attention to the negative comments about Bitcoin. The conspirators have definitely faced losses today, but they are also feeling the big mistake they made. Although I was a little late in getting information about Bitcoin, I have had a positive attitude towards it since I learned about it. I certainly expect to be more profitable from Bitcoin in the future.

I have never given importance to the real potential of Bitcoin, not stories. There was no freedom in financial transactions in the world. But since the advent of Bitcoin, we have found that freedom. The demand for a certain number of Bitcoins is increasing and this trend will continue in the future. As a result, Bitcoin is sure to gain more importance in the future. Bitcoin is a reliable solution for those who are interested in their financial security.

[MArsland]

Bitcoin is open source, who cares who created it? If you don't like it, you are free to ignore it. That's the beauty of bitcoin. You may not know anything about satoshi nakamoto's real identity but you can know everything about the code he created. Just read it and make sense out of it. It is out there, available to everybody. If you think you are not capable of understanding it because you don't know how to code, you don't need to worry. Use your favorite AI app and it will explain what bitcoin code does like you are 5.

Still though, I somehow believe that these conspiracy theories are good for bitcoin. The more people come up with these crazy ideas, the more people talk about bitcoin and bitcoin's popularity rises even more.

I personally 100% believe in bitcoin and since the beginning of learning why and why bitcoin was created does not make conspiracy theory theory as one of the things that must be believed. But honestly I like conspiracy theories because they are good for entertainment and seeing things from a different perspective.

The Bitcoin community should not be affected by things like that, I am sure that the foundation, background and purpose of creating Bitcoin will strengthen one's stance. Except for those who from the start tried to lead the Bitcoin narrative in a negative direction, it would be easy to believe in wild theories.

[purple_sparkles]

I doubt that those who are already involved and familiar with bitcoin, and who have a positive attitude toward it, will change their view because of attempts to damage its reputation. And those who are focused on searching for negativity about bitcoin will simply reinforce their own beliefs. In general, I tend to be open to various conspiracy theories, and I also believe that bitcoin did grow to such  its own, because someone very influential needed it for their own, possibly dirty plans. And I clearly understand that I personally won’t be able to influence those plans in any way. So the best option is to try to benefit from it while such an opportunity exists.

[Mate2237]

From what I have seen in life every good thing has oppositions and am not particularly surprised about different people coming up with different theories and negative comments about Bitcoin, this is because every good thing that solves problems and render help to humanity has been always accompanied by critics. Infact to a large extent those who has been against Bitcoin by talking against it has been somehow made Bitcoin more popular to me.


I don't know why people are trying to Link the Anonymous founder of Bitcoin to different persons and even to organizations like the CIA to me this doesn't make sense to me, the founder has created something that is working and helping to solve a problem by giving individual the right to fully control their money this is more important to me than anything else, trying to know the founder of Bitcoin is not important at this stage in time.

[Davidvictorson]

- That whales are manipulating and determining the price of Bitcoin, whereas the price of Bitcoin is controlled by demand/supply.

This held true in the past but not anymore. In the future it is likely to be organizations with large bitcoin holding who would wield such power. 

- That Bitcoin was created as a tool by elites for money laundering.

Well, I see why people would believe this because it happened in the past and maybe it is still happening. Ever heard of mixing?

- That Bitcoin was created by the illuminati to have control of the monetary system around the globe.

Hmmm... wonder what members of illuminati would think ;

[serjent05]

- That whales are manipulating and determining the price of Bitcoin, whereas the price of Bitcoin is controlled by demand/supply.

This held true in the past but not anymore. In the future it is likely to be organizations with large bitcoin holding who would wield such power. 

Although the whale-manipulating effect has lost its power, they are still doing everything they can by influencing the market.  Affecting the market sentiment is their goal to make the market favorable to them.

- That Bitcoin was created as a tool by elites for money laundering.

This is a common misconception; people who hates Bitcoin create propaganda to make Bitcoin a tool for criminals.

- That Bitcoin was created by the illuminati to have control of the monetary system around the globe.

Hmmm... wonder what members of illuminati would think ;

I also wonder about this thing.  Anyway, these are all rumors, people who are into sci-fi and conspiracy theory often have this kind of theory. 

[Peanutswar]

Actually the whales has a bigger roles in the market price of the bitcoin there is really huge impact when it comes they made transactions with the market now include this with the large instutitions who are holding bunch of the bitcoin and if they make move such as a huge selling pressure is they create a market manipulation only if they dump the market just to bought the price of the bitcoin at the lowest price again. Bitcoin already faces a lot of bad impressions with the community because of previously used in an illegal way but seems into these recent times peoples perspective changes into a good way because they are now seeing the bitcoin in a fact of way for efficient transaction and investment.

- The most surprising is that Bitcoin is an alien technology, which is cause it's blockchain is very difficult to be hacked.

Among the listed seems this is one of the way too advance when is the alien wanted to avoid the banks lol.

[shinratensei_]

Conspiracy theory are just theory, It has no proof therefore just random guess, could even be a shower thought of some people repeated again and again mostly coming from uninformed people who haven't care enough to know about bitcoin.
Mind you someone like Michael Saylor was pretty much against bitcoin in the past and after knowing the underlying technology, he has no hesitation to put billions and billions of money.It's just matter of whether you understand bitcoin enough or just guessing.