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Who Or What Created Bitcoin?

"The concept was introduced in a 2008 paper by a pseudonymous developer known as "Satoshi Nakamoto"....

"Notable vendors include WordPress, OkCupid, Reddit, and Chinese Internet giant Baidu."

"During November 2013, the China-based bitcoin exchange BTC China overtook Japan-based Mt.Gox and Europe-based Bitstamp to become the largest bitcoin trading exchange by trade volume."

"In Hong Kong a Bitcoin trading platform owned by Global Bond Limited (GBL) vanishes with 30 million yuan (US$5 million) from 500 investors on 26th October 2013."

"In 2013 the FBI shut down one such service, Silk Road..."


"The name "Silk Road" comes from a historical network of trade routes, started during the Han Dynasty (206 BC – 220 AD), between Europe, India, China..."


Han Dynasty (206 B.C.–220 A.D.)

After the civil war that followed the death of Qin Shihuangdi in 210 B.C., China was reunited under the rule of the Han dynasty...


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Bitcoin - The Trojan Horse of the Millenium

People need to be very careful with Bitcoin. Technically, the government, through Asst. Attorney General Mythili Raman, stated: "We recognize that virtual currency systems can be a Legal means of exchange. But we also recognize that criminals will always try to take advantage new technologies to commit, further or hide their crimes." People need to read between the lines here. They want people to use virtual currencies, because digital currency is the future for them. Why do you think they are collapsing economies left and right? Their digital currency will be the solution, but right now, they need people to get accustomed to Virtual Currencies. And by the second sentence of the quote, you can bet government will begin to "get involved" in this process and end up controlling all digital currencies - "But let us have the people do the hard work, and we'll come in once all the kinks have been worked out."

More than 80% of all the money supply in the world, is digital, so they definitely have a lot to loose if people don't accept digital currencies. Now ask yourself why the government sends people to prison, with harsh prison terms, for actually using REAL money - silver and gold coins?! Real money holds its value intrinsically, meaning that it is valuable because nature says so, not because a few corrupt, greedy and deceptive central bankers say so. Real money can't be spit out of a printing press, nor created by solving mathematical problems by your computer. People are letting their greed, and the false belief that this cannot be controlled by government, take control of them.

People need to read history. Gold and Silver have been used for thousands of years, and never in history have economic crises happened as we see today. Why? Because we have been fooled into believing that paper is money, and have converted a small Cabal of people (a nation with around 1000 inhabitants) into gods on earth. All nations are in debt with them, and with their phony monopoly money, have bought up all of the real assets in the world - land, minerals, water resources, food production, etc. This is the last rung in the ladder before introducing total enslavement of the world. This will happen, but I'm not going to be one that helps to bring this about, I instead will warn people not to be ignorant.


I have one more question to add to this list:

How did bit coin become recognized and exchangeable at their respective agencies?

Isn't there a process to introduce a new currency like this?

Who applied? Who approved?

The slogan press on has solved and always will solve the problems of the human race. No person was ever honored for what he received. Honor has been the reward for what he gave.

- Calvin Coolidge

Tune in to the Truebig show

check out daily paul radio and ask questions Ill be there as much as possible answering bitcoin questions.

"We’ve moved beyond the Mises textbook. We’re running in the open market." - Erik Voorhees



Does anybody here know where

Does anybody here know where Bitcoin came from?

I feel lost in the sauce called Bitcoin.

It's hard to find much information about it, which strikes me as a bit odd.

Who designed it? Who came up with the idea? Why hasn't Ron Paul interviewed this man or woman yet!?

The British Pound comes from England. The Euro comes from a group of European countries. The Dollar comes from the United States.

Every modern human invention has an origin and a face behind their original ideas.

Except the Georgia Guidestones of course...but that's another story.

Does somebody own a patent on the Bitcoin currency?

In other words, can somebody create a, "Tritcoin," currency and operate in the same manner?

I'm curious about Bitcoin. I like competition, and competition is good for economics.

Practically every single product we buy has a label on it saying, "Made In China, Pakistan, Vietnam, USA, Canada, Honduras, etc..."

Bitcoin is a new money product. Where is it made and who is the genius behind it?

Why do I want to know? Because everyone has a motive behind their actions. Bitcoin is an important invention, seems like a great idea, but I can't find out the basics about the business.

I'm an American. Somebody comes up with a good idea and wants to sell it, awesome. What's their number? What's their address? Who can I speak with?

Does Bitcoin have customer service representatives?

If somebody hacks my bitcoin account and goes on a spending spree in Vegas, will they put a hold on my account, cancel it and refund my money?

I have all sorts of questions about Bitcoin, but the most basic question seems inexplicably unanswered.

Never be afraid to ask simple questions.

I don't know either, but I

I don't know either, but I found this article to be very interesting...


Legendary VC Paul Graham Suspects Bitcoin Was Created by a Government

"Graham asserts that Bitcoin was not created by a rogue and anonymous Japanese hacker, but rather by a national government."

------- Full article linked above.

A national government created Bitcoin?

What national government would do such a thing?

Ben Bernanke just gave the Bitcoin a blessing, unexpectedly.

The U.S. government is surprisingly cool with Bitcoin


------------ Full article linked above

Did the government co-opt and takeover another good idea and make it their own before anyone else could or would attempt to do so?

Trying to find the source to the Bitcoin business is incredibly hard to find. Why? That doesn't make any business sense.

Never be afraid to ask simple questions.

It's incredible hard to find,

It's incredible hard to find, because it's not created by a business. That's a centralized concept. The point of BC, is that it's decentralized and free.

Satoshi Nakamoto created BC, but released his code to the world by making it opensource, where anyone who is able to read code can read it. These programmers continued Satoshi's work and they are doing it on their free time.

Rumors say that the code was done by the CIA, since Gavin met up with several CIA officials. But according to BC lore, this meetup, was because BC was used to fund wikileaks and it's because of this meeting that Satoshi got cold feet and ran. That's because alternative currencies were usually shutdown by the government. Not to mention that Satoshi might have been locked up on the argument that he was helping terrorists.

There's also the matter that BC is based on SHA256, which is originally an encryption scheme created by the NSA. Most people see no evidence that the NSA knows how to crack their code, though. But you can never be sure in the end.

Anyways, the above led to assumptions that BC was a government scheme, but I find these claims ludicrous for the simple reason that BC is opensource and that ANYONE is free to join up the team to work on the code. There are many paranoid BC devs who shout each other down, because they think some of the ideas presented will give the government power over them (like coin tainting). So they think up code that assumes the worst case scenario. Some of them even assume that they will probably be infiltrated, because BC is a threat to the current powerstructure.

It's logically contradictory that the banks created BC, because no way in hell would they give this much power to the people. Because while BC has a public ledger, and users can eventually be tracked down through this ledger, some coders are already creating privacy schemes where such is impossible or atleast VERY hard to do. The banks can't have been stupid enough not to have foreseen that this would eventually happen. Not to mention that BC is voluntary. If its code is ever compromised, its innovations can be copied where its detriments can be stripped away and rereleased under a different name. It's for this reason that no government or bank can logically have been behind BC, because it gives the power to the people to control what gets into the code.

If BC becomes succesful, the government will be forced to something akin to the gold standard, where they are unable to print any money. You actually think the government would ever willingly do that? I don't.