RATE Group | Weaponized Money: Thoughts on the Creation and Control of Bitcoin
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Weaponized Money: Thoughts on the Creation and Control of Bitcoin

27 Oct Weaponized Money: Thoughts on the Creation and Control of Bitcoin

Posted at 08:55h in Bitcoin News by

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Some tin-foil hat conspiracy theorists believe government devised and built bitcoin as weaponized money to enslave the people. They think Big Brother made the technology to subjugate everyone, and that politicians are somehow benefiting from the technology. In an odd twist of logic, these people believe bitcoin represents a state-sponsored tool for control.

Government did not create bitcoin as weaponized money. The opposite is true. Crypto-anarchists constructed bitcoin to undermine and destabilize governments. The exact creator of bitcoin is unknown. The individual’s pseudonym is Satoshi Nakamoto but it could also be a group of people. No one knows.

However, we are intimately acquainted with the people who fleshed out the original blueprint for bitcoin. Cypherpunks like David Chaum, Timothy May, Eric Hughes, and Whitfield Diffie are responsible for declaring the vision for crypto. None of these people cared for governments. They were mainly anarchists who wanted to use dissident…

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