๐๐ฎ๐ฝ๐ฝ๐ ๐๐จ๐ ๐๐ฟ๐ถ๐ฑ๐ฎ๐!
Every week, I respond to some of the most common Bitcoin FUD.
This weekโs FUD:
โ๐ฝ๐๐ฉ๐๐ค๐๐ฃ ๐ฌ๐๐จ ๐๐ง๐๐๐ฉ๐๐ ๐๐ฎ ๐ฉ๐๐ ๐๐๐ผ/๐พ๐๐ผ, ๐ฉ๐ค ๐จ๐๐๐ง๐๐ฉ๐ก๐ฎ ๐ฉ๐ช๐ง๐ฃ ๐ฉ๐๐ ๐ฌ๐ค๐ง๐ก๐ ๐๐ฃ๐ฉ๐ค ๐ ๐ฉ๐ค๐ฉ๐๐ก๐๐ฉ๐๐ง๐๐๐ฃ ๐จ๐ช๐ง๐ซ๐๐๐ก๐ก๐๐ฃ๐๐ ๐จ๐ฉ๐๐ฉ๐.โ
Concern over this is understandable, but I will show you that not only is this unlikely, but even if it is true, itโs entirely ๐ถ๐ฟ๐ฟ๐ฒ๐น๐ฒ๐๐ฎ๐ป๐.
Read on to see what I meanโฌ๏ธ
This FUD comes from several pieces of circumstantial evidence, but mainly these 3:
1. An individual named Tatsuaki Okamoto was referenced 3 times in a 1996 NSA document about using cryptography in anonymous electronic cash.
2. In 2001, the NSA invented SHA-256, the algorithm used in Bitcoin today.
3. The name โSatoshi Nakamotoโ can be loosely translated to mean โcentral intelligenceโ, as in the ๐๐ฆ๐ฏ๐ต๐ณ๐ข๐ญ ๐๐ฏ๐ต๐ฆ๐ญ๐ญ๐ช๐จ๐ฆ๐ฏ๐ค๐ฆ Agency (CIA).
While those are ๐ต๐ฆ๐ค๐ฉ๐ฏ๐ช๐ค๐ข๐ญ๐ญ๐บ true, they arenโt hard evidence that either the NSA or the CIA were behind Bitcoinโs initial development. Theyโre interesting points to consider, but not ๐ฑ๐ณ๐ฐ๐ฐ๐ง.
If the NSA, the CIA, or any other government agency really ๐ฅ๐ช๐ฅ start Bitcoin in order to enslave humanity under the stateโs control, then their plan backfired ๐ฎ๐ข๐ด๐ด๐ช๐ท๐ฆ๐ญ๐บ.
Bitcoin is open source, so anyone can inspect the protocol to verify how Bitcoin works, and run it on their own device. There is no central coordinator, so everyone is free to choose the software that they want to run.
Additionally, extra privacy measures have since been invented that make it nearly impossible for anyone to track your transactions. The government can ๐ต๐ณ๐บ to spy on everyoneโs bitcoin activity, but with all the privacy best practices (CoinJoins, never using the same address twice, the Lightning Network, etc), theyโre going to have a hard time.
Ultimately, it doesnโt matter whether the NSA/CIA created Bitcoin or not. The protocol is in ๐บ๐ฐ๐ถ๐ณ hands, itโs fully audited every ~10 minutes by ๐บ๐ฐ๐ถ๐ณ node (if you run one), and if you know how to use Bitcoin privately, only ๐บ๐ฐ๐ถ have a record of your own transactions.
And thatโs what #Bitcoin is all about: ๐๐ฎ๐ธ๐ถ๐ป๐ด ๐ฝ๐ผ๐๐ฒ๐ฟ ๐ณ๐ฟ๐ผ๐บ ๐๐ต๐ฒ ๐๐๐ฎ๐๐ฒ, ๐ฎ๐ป๐ฑ ๐ด๐ถ๐๐ถ๐ป๐ด ๐ถ๐ ๐ฏ๐ฎ๐ฐ๐ธ ๐๐ผ ๐ฎ๐ค๐ช.
What do you think of ๐ต๐ฉ๐ข๐ต answer?
Was that a good response to the FUD?
Give this a ๐๐ถ๐ธ๐ฒโค๏ธ And make sure you ๐ฏ๐ผ๐ผ๐ธ๐บ๐ฎ๐ฟ๐ธ๐ this, too!
Seen anyone spreading this FUD around?
๐ฆ๐ต๐ฎ๐ฟ๐ฒ๐ this with them!
Can you think of a better answer?
Put it in the ๐ฐ๐ผ๐บ๐บ๐ฒ๐ป๐๐ below๐
๐ฑ๐ฌ๐ฌ๐ฌ ๐๐ฎ๐๐ ๐๐ถ๐น๐น ๐ด๐ผ ๐๐ผ ๐๐ต๐ฒ ๐ฏ๐ฒ๐๐ ๐ฎ๐ป๐๐๐ฒ๐ฟ ๐๐ฟ๐ถ๐๐๐ฒ๐ป ๐ผ๐๐ฒ๐ฟ ๐๐ต๐ฒ ๐ป๐ฒ๐
๐ ๐ฎ๐ฐ ๐ต๐ผ๐๐ฟ๐!
