Comment: 800 Pound Gorillas

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800 Pound Gorillas

OK here I go asking stupid questions and making un-informed stupid comments. Certainly the Bit Coin rage seemed very interesting, rebellious, and anti establishment... my kind of currency. However there seems some obvious questions about this (fad?) that have not been addressed (at least not that I've seen)... therefore the subject of this comment: 800 lb gorillas in the room sitting next to us, maybe even in our laps.

1. Just who is this mystery entity that created it, Satoshi Nakamoto? Why did they develop this network? What do they get out of it? Why wouldn't they profit?
2. Supposedly its an anonymous and safe process to transact moneys, products etc. without paying any middlemen a cut. However lately esp. since the value(?) has soared recently... there have been robberies of individuals bitcoin wallets, from Australia to Holland. It is after all electronic and like the rest of internet, subject to manipulations.
3. If the banks, Bernanke, etc are embracing the idea of Bitcoin does that mean that it WILL become status quot... is it already... in fact the beginning of the NO CASH, everything done electronically? Could it be meant to "tank" the dollar, make it irrelevant and everyone just voluntarily convert happily to bitcoin. Then when everyone is on it, REGULATE however "they" want?
4. How is it that when you profit on anything... say like stocks that increase in value, that one wouldn't be required to claim that profit and pay taxes on it. You know like the bicoins you acquired at $30 now being at $1200. So the IRS or supposedly no one else can even know how many bitcoins you have or if you even have any. So do people claim it when supposedly no one can check or investigate or prove what you have? The IRS won't find a way to monitor your wealth, your bitcoin wallet?

Could it be that the Bitcoin thing is the ultimate weapon for the "powers that be"? All banking and purchases via the Bitcoin network? Eventually when its too late to turn back "they" monitor it, they take a cut of transactions (remember when Paypal was free?), the IRS takes their cut without you actually having to do anything, and the value of Bitcoin is regulated and manipulated by the same entities that manipulate the value of EVERYTHING ELSE (say gold and silver just for starters)? Remember in-spite of the so-called encryptions its still an electronic thing and to me that means it can and probably will stack the deck... against everyone but the ones that wrote the script/program.

God forgives always. Man forgives sometimes. But Nature never forgives.