If the CIA/NSA created Bitcoin, would it hurt the price?

[Zaguru12]

What do you think?

I doubt it's true, but such theory reminds me how Tor initially created by U.S. Navy (Tor project always been publicly acknowledge this fact). While it makes some people have more skeptical towards Tor and Tor project, it doesn't change that Tor works to some degree to improve privacy and evade censorship. So even if Bitcoin turned out to be created by one of government agency, it doesn't change the fact Bitcoin works to some degree as well.

The theory is simply just speculation for now, except if proven by evidences and not selling his stack doesn’t mean Satoshi is from this agency but yes we can say that it’s Satoshi policy to hold for long in my opinion to support long term growth.

Yes like the internet itself and other things like that I think should bitcoin be an invention of the CIA/NSA it will definitely work to some degree but will definitely faces blackish and the first blackish will be that of decentralization, I am very sure that most people would not actually believe its decentralization as they do now, there will be an iota of believe that one day the network might experience a fork on some certain certains

[Alpha Marine]

We have? Since when? The CIA/NSA/DARPA/etc. make decisions on their own all of the time. A project like Bitcoin would require a single person who had some freedom to sit and hack for a while--maybe even a part-time project.

Yes, they make decisions on their own, but there is always a reason for their decisions. There is always a motive. They don't just do things without a reason or just because it feels good. At least, there is an excuse for doing it. 

What people?

Core devs and every other person who has seen Bitcoin's code. If there was something in the code that somehow benefited the CIA, NSA or any other three-letter organisation, they would see it in the code. That is what open source means. Bitcoin's code was originally written in C++. I don't know that language and any other programming language for that matter, aside from a rough idea in HTML, so I wouldn't see anything abnormal if I looked at the code for a whole year, but people who do can understand it when they see the code.

Who knows. What did any other idea of Satoshi stand to gain from it? Why would he/they need a reason?

Satoshi gave his reasons in the white paper, and the things stated in the white paper are not things that are in line with what the government or CIA stands for. So, if it's actually them behind it and lied in the white paper, it leads to my original question: what is their motive?
They can't just make a revolutionary innovation and give it out for free just like that without benefiting from it whatsoever.
But like every conspiracy theorist, you would always find ways to make an argument no matter what. I mean, there are people who still believe that the moon landing was faked and the earth is flat and NASA is all lying to us and all that shit, so this is not new.

[Exitoral]

If it was proven tomorrow that the CIA or NSA is behind the creation of bitcoin, I am selling off my bitcoin entire asset. Not looking back.

But honestly, there's no way CIA or NSA can even be an option to those that created bitcoin. All they know is control. And the all point of bitcoin is freedom. Without control from any government.

Also if that is true tomorrow that the CIA and NSA created bitcoin, it will definitely hurt the price. Bitcoin will tank to zero. No capping. The major point that made me fall in love with bitcoin is it's non control from government. Now a government created it. That will hurt the reputation of bitcoin.

I think the people who will get hurt the most will be people who adopt the DCA mindset. Including me. But, we are safe guys. This is just a theory and should be like that.

[Cryptomultiplier]

If such happens, am sure the Bitcoin ecosystem would react very sharply to it as it concerns the current price, adopters and holders who were convinced otherwise about its decentralized nature from government control before investing in it may be forced to consider other investment choices or flee or even have its core developers fork the network.

Bitcoin is just a whole vehicle driven by volatilities and speculation and a speculation as such would really cause a lot of reactions and that might even lead to it dumping or pumping so high, while other privacy coins  may gain more adoption and user base that is hurt by the betrayal of Bitcoin origin.

 

[Ishicryptic]

We don't need to know, either CIA or Epstein created Bitcoin, they need to prove it for us to believe and none of them are ready to do that, it means they are not the real Nakamoto, but normally why should I care? The person who is responsible for creating bitcoin needs to keep staying anonymous. I don't get why people keep wanting something this stupid to happen, it seems that the anonymous part of the creator is why Bitcoin is doing very well, people are so into who Nakamoto really is, as if they are willing to sell their Bitcoin once they find out who Nakamoto really is.

Indeed I don't know why people should worry about who created Bitcoin either it was a CIA agent or whatever other reasons it was other than decentralization that he created it I don't think that it really matters now because Bitcoin is doing tremendously well without us knowing who the real Satoshi is. I believe that if the real Satoshi were to emerge now the major impact of him or them showing face would be if he/ they moved his/their Bitcoin which would affect the market but sooner or later the market would recover and we will move on from knowing that Satoshi is alive and well.

With due respect to Satoshi for creating a masterpiece like Bitcoin I don't think that knowing his true background history can impact the market on a large scale because Bitcoin has grown past the level where we should worry about Satoshi showing up and messing up the market. Satoshi Nakamoto wants to stay anonymous and I think that we should respect that instead of digging too deep to unravel him/them.

[NotATether]

No.

The NSA literally created Tor, and that hasn't seemed to deter anyone from using it.

So why would it affect Bitcoin, besides all those day traders looking to profit off of negative news?

[legiteum]

Satoshi never sold a single sat

Why do you think so? Satoshi definitely made some transactions in early days, to see, that the system is working correctly. For example: https://mempool.space/tx/f4184fc596403b9d638783cf57adfe4c75c605f6356fbc91338530e9831e9e16

I meant that he never exchanged it for USD. Any serious movement of money (viz. more than a few hundred dollars) would create a big problem for somebody who worked inside the US government.

If the CIA/NSA created Bitcoin, would it hurt the price?

No, because people wouldn't believe it, even if it would be true.

LOL. That's a pretty good answer, I have to say! 

I don't think it created it, because why creating something that takes away power from you?

LOL, ZERO people working for the US government believe that Bitcoin could somehow take power from them or the US government. Only Bitcoin maxis believe that, and there are approximately 742 of you in the world  .

Yes, they make decisions on their own, but there is always a reason for their decisions. There is always a motive. They don't just do things without a reason or just because it feels good. At least, there is an excuse for doing it. 

Actually workers at these organizations, who are often given a lot of leeway, do all kinds of things for no apparent reason.

Core devs and every other person who has seen Bitcoin's code. If there was something in the code that somehow benefited the CIA, NSA or any other three-letter organisation, they would see it in the code.

ROFL. So you don't see the open ledger in the code? Seriously? A product that people use, to this day, with the belief that it creates untraceable anonymous transactions even though the open ledger makes it child's play to trace transactions? Gee, why would an intelligence agency want to unleash such a *cough* honeypot... I mean... product? 

But like every conspiracy theorist, you would always find ways to make an argument no matter what. I mean, there are people who still believe that the moon landing was faked and the earth is flat and NASA is all lying to us and all that shit, so this is not new.

There are very specific things that disprove the flat Earth or a faked moon landing or whatever straw man you'll presumably offer. I am certainly not offering the CIA/etc. angle for Bitcoin as a proven theory, because it's not, but at the moment it's a theory that is 100% consistent with the known facts.

No.

The NSA literally created Tor, and that hasn't seemed to deter anyone from using it.

So why would it affect Bitcoin, besides all those day traders looking to profit off of negative news?

I did not know that. Wow. This is extremely strong evidence that Bitcoin was created by a US government agency as well. And it sorta blows away the maxi's argument that the US government couldn't possibly create something that would (they say) go against the US government's interests.