Replying to 516add19...

Conspiracy theorists out there, when I look up #bitcoin on the conspiracy subreddit, most think bitcoin is a scam or run by the government. What are your opinions? I am a conspiracy theorist for some things, but def not even half of them. I know many here are very loud conspiracy theorists, so what do you think of bitcoin being an op?
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Prem 2y ago

Let's assume for a second that the NSA (or other three letter agency) is Satoshi Nakamoto.

All the code that drives the math behind the network has been open source for 15 years and reviewed by who knows how many experts far more qualified than I to find any holes in it. The network has been running for very very nearly all of that time and the security of your tokens and your payments to move those tokens proven many millions of times. Also the security of the hash rate should be clear metric.

Based on all that, and plenty more that could be listed, does it matter that it was a gift from the NSA? What could they do now if they wanted to?

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516add19... 2y ago

Thats my thinking basically. Its a gift to us 😅

My worry is that bitcoin needs the internet amd electricity to operate. Something the gov has a good control of.

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Sloth 2y ago

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Prem 2y ago

If the internet and electricity go out. Worldwide. At the same time. You'll have bigger problems to contend with than how do I access my Bitcoin.

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516add19... 2y ago

Very true indeed.

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BHN 🍁 2y ago

A phone can charge on a cheap solar panel so energy is not controlled enough. Telecommunications is where they have a significant amount of control but it would still be close to impossible to stop the bitcoin network without affecting other networks.

Stopping the miners would probably be easiest 🤔 they just need to implement energy caps and have the energy companies comply.

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516add19... 2y ago

True. Though, I worry a solar panel can quickly become unavailable or banned. I remember during covid there were places where seed were not foe sale anymore. Aparently so yoy couldbt grow a garden and be self sufficient.