Top Cryptocurrency Conspiracy Theories and What People Believe About Bitcoin: Tin Foil Hat Edition
Conspiracy theories have plagued the world for centuries, filling the minds of people with mysteries that will likely never see proof or solutions.
For those reasons, the mystery of Bitcoin clearly attracts some conspiracies of its own, especially considering the lack of information about who actually made it in the first place. Satoshi Nakamoto is nothing more than a pseudonym for the creator, and there are plenty that are plausible, while others are obnoxious. Recently, The Next Web chose to examine these conspiracies a little further.
One of the first theories about Bitcoin is that it was created by US intelligence services, making it possible to send funding to top-secret missions without the risk of being traced.
About three months ago, a Reddit post appeared to discuss this theory, stating that the coin was created after the recession to create its own inflationary bubble.
This theory has been discussed over and over, even by the most prominent figures in the industry.
In 2011, Vitalik Buterin of Ethereum had posted on BitcoinTalk to say that he would not have been surprised by the involvement of the National Security Agency (NSA). He clarified his comments last year in a tweet, saying that his opinion has evolved since that post.
More crazy misrepresentations in this article.
* "I wouldn't be surprised" = "10-50% chance", not "claims it's true"
* That bitcointalk post was from 2011. My opinions have obviously changed a lot since then.
— vitalik.eth (@VitalikButerin) June 16, 2018
Another Redditor posted about the possibility that Bitcoin has come from China, which they proposed five years ago. The post states that this user believe that Bitcoin is the result of communist engineers, using a Japanese name as a way to throw off suspicion from others.
He also points out that China is capable of producing a large quantity of mining chips at a small cost, making it easy to ultimately become the “world leader in mining.” Last year, analysts confirmed that the power, means, and potential intent was there for China to completely destroy Bitcoin.
The next theory that The Next Web sheds light on is a little stranger – Bitcoin has come from the Antichrist.
The author of the article jests that this is their “personal favorite,” and that the crypto is based on the Biblical book Revelations, and that Bitcoin is actually “the mark of the beast,” which is part of another story in the Bible. Realistically, the credibility of this theory leaves a lot to be desired.
Considering the above-mentioned theory, it should come as no surprise that there are some individuals that stand behind the idea that Bitcoin has come from either artificial intelligence or aliens with the intention of taking over the world.
The idea first came to light in a video last year on UFO Today YouTube, suggesting that Bitcoin’s takes advantage of how attractive money can be in an effort to expand processing power and the network.
It does not take much for some Reddit user to pop up and agree with any one of these theories, but the lack of any confirmation that any detail in these is true simply means there is plenty left to learn.
Perhaps it is best to leave these questions and possibilities alone for now, though it would be foolish to believe that they have no impact on the digital asset. Unless the industry learns more soon, Satoshi Nakamoto will likely be able to preserve his (or her) identity.