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𝗛𝗮𝗽𝗽𝘆 𝗙𝗨𝗗 𝗙𝗿𝗶𝗱𝗮𝘆!

Every week, I respond to some of the most common Bitcoin FUD.

This week’s FUD:

“𝘽𝙞𝙩𝙘𝙤𝙞𝙣 𝙬𝙖𝙨 𝙘𝙧𝙚𝙖𝙩𝙚𝙙 𝙗𝙮 𝙩𝙝𝙚 𝙉𝙎𝘼/𝘾𝙄𝘼, 𝙩𝙤 𝙨𝙚𝙘𝙧𝙚𝙩𝙡𝙮 𝙩𝙪𝙧𝙣 𝙩𝙝𝙚 𝙬𝙤𝙧𝙡𝙙 𝙞𝙣𝙩𝙤 𝙖 𝙩𝙤𝙩𝙖𝙡𝙞𝙩𝙖𝙧𝙞𝙖𝙣 𝙨𝙪𝙧𝙫𝙚𝙞𝙡𝙡𝙖𝙣𝙘𝙚 𝙨𝙩𝙖𝙩𝙚.”

Concern over this is understandable, but I will show you that not only is this unlikely, but even if it is true, it’s entirely 𝗶𝗿𝗿𝗲𝗹𝗲𝘃𝗮𝗻𝘁.

Read on to see what I mean⬇️

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 “Satoshi Nakamoto” can be loosely translated to mean “central intelligence”, as in the 𝘊𝘦𝘯𝘵𝘳𝘢𝘭 𝘐𝘯𝘵𝘦𝘭𝘭𝘪𝘨𝘦𝘯𝘤𝘦 Agency (CIA).

While those are 𝘵𝘦𝘤𝘩𝘯𝘪𝘤𝘢𝘭𝘭𝘺 true, they aren’t hard evidence that either the NSA or the CIA were behind Bitcoin’s initial development. They’re interesting points to consider, but not 𝘱𝘳𝘰𝘰𝘧.

If the NSA, the CIA, or any other government agency really 𝘥𝘪𝘥 start Bitcoin in order to enslave humanity under the state’s control, then their plan backfired 𝘮𝘢𝘴𝘴𝘪𝘷𝘦𝘭𝘺.

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 𝘵𝘳𝘺 to spy on everyone’s bitcoin activity, but with all the privacy best practices (CoinJoins, never using the same address twice, the Lightning Network, etc), they’re going to have a hard time.

Ultimately, it doesn’t matter whether the NSA/CIA created Bitcoin or not. The protocol is in 𝘺𝘰𝘶𝘳 hands, it’s fully audited every ~10 minutes by 𝘺𝘰𝘶𝘳 node (if you run one), and if you know how to use Bitcoin privately, only 𝘺𝘰𝘶 have a record of your own transactions.

And that’s what #Bitcoin is all about: 𝘁𝗮𝗸𝗶𝗻𝗴 𝗽𝗼𝘄𝗲𝗿 𝗳𝗿𝗼𝗺 𝘁𝗵𝗲 𝘀𝘁𝗮𝘁𝗲, 𝗮𝗻𝗱 𝗴𝗶𝘃𝗶𝗻𝗴 𝗶𝘁 𝗯𝗮𝗰𝗸 𝘁𝗼 𝙮𝙤𝙪.

What do you think of 𝘵𝘩𝘢𝘵 answer?

Was that a good response to the FUD?

Give this a 𝗟𝗶𝗸𝗲❤️ And make sure you 𝗯𝗼𝗼𝗸𝗺𝗮𝗿𝗸🔖 this, too!

Seen anyone spreading this FUD around?

𝗦𝗵𝗮𝗿𝗲🔄 this with them!

Can you think of a better answer?

Put it in the 𝗰𝗼𝗺𝗺𝗲𝗻𝘁𝘀 below👇

𝟱𝟬𝟬𝟬 𝘀𝗮𝘁𝘀 𝘄𝗶𝗹𝗹 𝗴𝗼 𝘁𝗼 𝘁𝗵𝗲 𝗯𝗲𝘀𝘁 𝗮𝗻𝘀𝘄𝗲𝗿 𝘄𝗿𝗶𝘁𝘁𝗲𝗻 𝗼𝘃𝗲𝗿 𝘁𝗵𝗲 𝗻𝗲𝘅𝘁 𝟮𝟰 𝗵𝗼𝘂𝗿𝘀!