Delve deep into Bitcoin’s craziest conspiracy theories

conspiracy

**The conspiracy subreddit is a thinking ground. Above all else, we respect everyone's opinions and ALL religious beliefs and creeds. We hope to challenge issues which have captured the public’s imagination, from JFK and UFOs to 9/11. This is a forum for free thinking, not hate speech. Respect other views and opinions, and keep an open mind.** **Our intentions are aimed towards a fairer, more transparent world and a better future for everyone.**
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Bitcoin - The Currency of the Internet

A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
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Bitcoin conspiracy theories

Bring on all your conspiracy theories that in some way has anything to do with Bitcoin. The crazier the better. (this subreddit is just for fun)
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Tell a Bitcoin Conspiracy Theory

Tell a Bitcoin Conspiracy Theory
submitted by wick0x to Bitcoin [link] [comments]

The Bitcoin Conspiracy (an enthusiast's perspective)

I keep coming across comments, especially in this sub, from people claiming that Bitcoin was created by the CIA or some government agency as part of the plan for the NWO and cashless society. I want to share my experience and try to clear up the confusion surrounding this topic.
I first got involved with Bitcoin in late 2016 when I heard about it and got some while at a libertarian festival. Back then it was still very popular among the agorist community and was being promoted as THE silver bullet that was going to disrupt the global fiat banking system.
Putting preconceptions aside, a new user might ask, "what's so special about Bitcoin? We already have digital currencies."
Well, you only need to read the first page of the whitepaper to discover what the original intent of Bitcoin was. It most definitely was not intended to be a tool for central banks to subjugate the world to a centralized global currency. Quite the opposite in fact. Read the full whitepaper here.
When I first learned about Bitcoin, it forced me to learn about economics, then the Federal Reserve, then one by one the dominoes fell and down the conspiracy rabbit hole I went. In 2017 (actually it started a few years earlier, but I wasn't paying attention back then) there was a very heated debate in the Bitcoin community regarding scaling.
I'll try to break it down simply:
In the very early days, when Bitcoin was just a project being worked on by a few very technical people, no one knew about it. All it took was a handful of people running the software on their laptops to mine new coins. Since there was not much computing power on the network, it meant there could easily be a spam attack where a malicious user could join the network and generate many gigabytes of spam transactions that would overload and crash the network. To prevent this, Satoshi implemented a limit of 1MB per block, to protect the network until there was enough computing power to be able to handle larger blocks.
This measure worked, and Bitcoin grew exponentially.
Satoshi vanished in 2010, after WikiLeaks attracted unwanted attention to the project by accepting Bitcoin donations. He left clear instructions for his successors that the 1MB block size limit was meant to be increased once the network could support high levels of user traffic. At the time, there still was not much use, so it wasn't until around 2014 that blocks started hitting the 1MB cap and all of a sudden users had to compete (by paying higher transaction fees) in order to get their transaction mined into the next block.
Up until then, sending a Bitcoin transaction would cost $0.0001 (hundredth of a penny) or less, no matter if you were sending $0.10 or $1,000,000. Now, since block space was limited, fees started to rise, as miners would only include the transactions with the highest fees. Over the next couple years, transaction fees went up dramatically, at times reaching as high as $100 to send a single transaction.
The solution was obvious - raise the block size limit.
But this led to a heated debate, and this is where the conspiracy became obvious to those who were paying attention. Since Bitcoin was decentralized and open source, anyone could contribute, but certain people controlled the commit access to the github repo, and it became apparent that those individuals had been compromised, as any and all mention of increasing the block size was met with fierce resistance.
There was a misinformation campaign to discredit anyone arguing for larger blocks. The argument was that larger blocks would mean users could not run the software on their low-power personal devices and laptops; that by increasing the block size it would lead to mining centralization. Well, if you read the whitepaper linked above, you'll see that Satoshi predicted this. He knew mining would eventually be left to "specialized server farms" while normal users could use what he termed Simplified Payment Verification (SPV) wallets.
But this point was consistently shot down in the community, and especially on /bitcoin. There was a MASSIVE censorship campaign in the bitcoin subreddit that continues to this day where anyone who questions the official narrative or even asks a basic technical question is immediately banned. /bitcoin today is nothing but a cesspit of price memes and misinformation. Go to /btc for the uncensored discussions (but beware of trolls).
In 2017 the debate was finally settled, sort of. Now known as "Bitcoin Core" (the name of the official Bitcoin software), the developers implemented a change known as SegWit (Segregated Witness) which fundamentally altered the way the software validates transactions. It was implemented as a "soft fork" rather than a "hard fork".
I'll explain the difference.
In a fork, the network comes to a consensus on new rules that all participants must follow. In a hard fork, the changes are non-backwards compatible, so all users must update their software or else be left behind on a dead network. Hard forks happen all the time in software development, but in the case of SegWit, the developers refused to make any non-backwards compatible changes for fear it might alienate users. Again, another unfounded fear. "We can't ever upgrade the technical capabilities of the network (such as the block size) because some people might not go along with it."
All kinds of mental gymnastics were performed to justify their refusal to increase the block size, and there was nothing anyone could do about it except fork as an independent project. The 1MB block limit is now essentially set in stone for BTC. So in August 2017, Bitcoin Cash (BCH) hard forked by increasing the block size limit to 8MB, along with some other changes.
Fast forward to December 2017 and Bitcoin was at its all time high of nearly $20,000. But fees were also astronomical and because of the 1MB block size limit, a huge backlog formed, and some people had to wait days or even weeks for their transaction to confirm. If anyone was trying to cash out into fiat and didn't want to pay a $100 transaction fee, by the time their transaction got confirmed the price had already crashed.
This event was largely responsible for the bear market of 2018. Everything that happened was predicted by those who knew what was going on.
A company called Blockstream had essentially wrestled control of Bitcoin from the original developers and shut them out or gained control over them, and started working on turning Bitcoin into a settlement layer for their product called Lightning Network.
LN is a complicated topic that I don't want to get into, but essentially it's a framework that recreates all the same problems inherent in the banking system that Bitcoin was meant to solve. Blockstream's goal is to profit from creating, and then "solving" those problems by charging users fees for all kinds of custodial services.
In my personal opinion, it's obvious that the original Bitcoin project has been hijacked and repurposed into a tool for the central banks. The propaganda is being pushed in some conspiracy circles that Bitcoin was created BY the central banks in order to discourage people from researching the true history. What is now commonly called "Bitcoin" is not the original project, but a Trojan horse.
The project that most closely follows the original design is Bitcoin Cash, and that is where almost all organic development is happening, and personally I feel that it's picking up steam lately as more people wake up to what's happening in the economy right now. Unfortunately most people are still unaware of how fundamentally broken BTC is now and so as new users run toward cryptocurrency to escape the dollar collapse, most will fall straight into the trap and be stuck with BTC that they won't be able to use without paying exorbitant fees and/or submitting to the very same tracking system they are trying to get away from.
This is a very deep rabbit hole but I think I've written enough for now. I hope this info helps people make sense of what's going on with Bitcoin. I know it's confusing enough even without so much deception taking place so hopefully this helps.
Read the Bitcoin FAQ over on /btc.
submitted by PM_ME_YOUR_ALTCOINS to conspiracy [link] [comments]

Continuing the discussion on “the war against cryptocurrencies”. Is there a Bitcoin conspiracy to limit the growth of altcoins?

Is there a Bitcoin versus altcoins conspiracy in play? Are Bitcoin holders buying and then selling cryptocoins in a concerted effort to keep the price down, fearful of possible future competition in a world monetary cryptocurrency system that seems destined?
submitted by cUrrencyofchoice3 to conspiracy [link] [comments]

[Crosspost /r/conspiracy] The Bitcoin Conspiracy

submitted by PM_ME_YOUR_ALTCOINS to btc [link] [comments]

Bitcoin Price Predictions show promising future of minimum $500 million per BTC. Did Tether just print $2,5 Billion. More crypto news and crazy Bitcoin Conspiracy Theories.

submitted by tradingnomads to btc [link] [comments]

Bitcoin Price Predictions show promising future of minimum $500 million per BTC. Did Tether just print $2,5 Billion. More crypto news and crazy Bitcoin Conspiracy Theories.

Bitcoin Price Predictions show promising future of minimum $500 million per BTC. Did Tether just print $2,5 Billion. More crypto news and crazy Bitcoin Conspiracy Theories. submitted by tradingnomads to CryptoMarkets [link] [comments]

Bitcoin Price Predictions show promising future of minimum $500 million per BTC. Did Tether just print $2,5 Billion. More crypto news and crazy Bitcoin Conspiracy Theories.

Bitcoin Price Predictions show promising future of minimum $500 million per BTC. Did Tether just print $2,5 Billion. More crypto news and crazy Bitcoin Conspiracy Theories. submitted by tradingnomads to CryptoCurrencies [link] [comments]

Bitcoin Price Predictions show promising future of minimum $500 million per BTC. Did Tether just print $2,5 Billion. More crypto news and crazy Bitcoin Conspiracy Theories.

Bitcoin Price Predictions show promising future of minimum $500 million per BTC. Did Tether just print $2,5 Billion. More crypto news and crazy Bitcoin Conspiracy Theories. submitted by tradingnomads to cryptocurrencynews [link] [comments]

Bitcoin Price Predictions show promising future of minimum $500 million per BTC. Did Tether just print $2,5 Billion. More crypto news and crazy Bitcoin Conspiracy Theories.

Bitcoin Price Predictions show promising future of minimum $500 million per BTC. Did Tether just print $2,5 Billion. More crypto news and crazy Bitcoin Conspiracy Theories. submitted by tradingnomads to Crypto_Currency_News [link] [comments]

BONO | Cooking Mama and a Bitcoin Conspiracy Theory (current BTC/USD price is $7,340.09)

Latest Bitcoin News:
BONO | Cooking Mama and a Bitcoin Conspiracy Theory
Other Related Bitcoin Topics:
Bitcoin Price | Bitcoin Mining | Blockchain
The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools. Follow us on Twitter @CoinSalad.
submitted by coinsaladcom to CoinSalad [link] [comments]

bitcoin_conspiracy has been created

Critical thinking and conspiracies in Bitcoin and Crypto world.
submitted by bend0ver to bitcoin_conspiracy [link] [comments]

11-26 03:53 - 'What are your favorite Bitcoin conspiracy theories?' (self.Bitcoin) by /u/dogefellowship removed from /r/Bitcoin within 137-147min

'''
Personally, I believe that the creation of Bitcoin, as well as its meteoric rise, was carefully orchestrated by a group of individuals. Most likely some Silicon Valley folk.
The fact that the pseudonym "Satoshi Nakamoto" means "Central Intelligence" enforces that theory for me.
... or maybe...
it's the Illuminati with their New World Order plan? Dun dun duuuuun!
'''
What are your favorite Bitcoin conspiracy theories?
Go1dfish undelete link
unreddit undelete link
Author: dogefellowship
submitted by removalbot to removalbot [link] [comments]

(November 4, 2019) People really believe a single person caused a ~ $100 billion asset to 10X in 6 months. Bitcoin conspiracy theorists are wild 😂

(November 4, 2019) People really believe a single person caused a ~ $100 billion asset to 10X in 6 months. Bitcoin conspiracy theorists are wild 😂 submitted by _Headline_Bot_ to ConspiracyHeadlines [link] [comments]

Top Mind is Awake to Anti-Bitcoin Conspiracy from Jack In the Box / Lucifer

Top Mind is Awake to Anti-Bitcoin Conspiracy from Jack In the Box / Lucifer submitted by patthew to TopMindsOfReddit [link] [comments]

Bitcoin conspiracy? xpost from r/bitcoin

Bitcoin conspiracy? xpost from bitcoin submitted by AlGoreFoPres to conspiracy [link] [comments]

BITCOIN CONSPIRACY: What will happen tomorrow?

BITCOIN CONSPIRACY: What will happen tomorrow? submitted by MICKYNewsOz to Bitcoin [link] [comments]

Bitcoin Conspiracy I'm Pissed!! Old Money Is Coming After Your Bitcoin And CryptoForeign money

Bitcoin Conspiracy I'm Pissed!! Old Money Is Coming After Your Bitcoin And CryptoForeign money submitted by ososru to Bitcoin4free [link] [comments]

Bitcoin Conspiracy I'm Pissed!! Old Money Is Coming After Your Bitcoin And CryptoForeign money

Bitcoin Conspiracy I'm Pissed!! Old Money Is Coming After Your Bitcoin And CryptoForeign money submitted by Rufflenator to 3bitcoins [link] [comments]

Every Bitcoin Conspiracy Ever

Just wanted to open a thread to discuss any and every Bitcoin conspiracy this community might want to throw out there.
If you know of a theory or would like to hear more about one, post about it here and see if we can get to the bottom of it!
No judgement here, go wild, but please be rational and use links to any references/ proof where possible.
submitted by Coinspiracypodcast to Bitcoin [link] [comments]

$850 Million Bitfinex Bombshell Disproves Crazy Bitcoin Conspiracy

$850 Million Bitfinex Bombshell Disproves Crazy Bitcoin Conspiracy submitted by Ranzware to BitNewsLive [link] [comments]

$850 Million Bitfinex Bombshell Disproves Crazy Bitcoin Conspiracy

$850 Million Bitfinex Bombshell Disproves Crazy Bitcoin Conspiracy submitted by n4bb to CoinPath [link] [comments]

$850 Million Bitfinex Bombshell Disproves Crazy Bitcoin Conspiracy

$850 Million Bitfinex Bombshell Disproves Crazy Bitcoin Conspiracy submitted by asmajda to CryptoStock [link] [comments]

Bitcoin/Cryptocurrency is a Government Conspiracy (2017 ... Bitcoin Conspiracy? The Bitcoin Conspiracy Bitcoin Conspiracy - The Economist's Extraordinary Prediction! The Truth About Bitcoin and Cryptocurrency - YouTube

This conspiracy theory – my personal favorite – states the cryptocurrency is linked to a religious belief based on the Christian book of Revelations, where Bitcoin is considered to be the ... The “Bitcoin conspiracy non-conspiracy” is what I would actually call it. For many people, the notion of “Bitcoin” naturally brings to their mind either the toy of a lame capitalist-geek craze, the conspiracy theorist’s fringe currency, or the drug-addled Silk Road trader. However, I am none of these, and I still became interested in this new financial movement. My interest was ... 1. Bitcoin Was Created and Is Run by the NSA. One of the main theories about bitcoin is that it is a secret operation un by the National Security Association in America. Satoshi Nakamoto, the man behind Bitcoin, is believed to simply be an NSA created pseudonym. This conspiracy theory also asserts that the NSA has backdoor access to the SHA-256 ... Bitcoin Conspiracy Theory Short List. Forums from Reddit to Bitcointalk are awash with the most outlandish conspiracy theories, but there are also some that sound pretty credible. Probably the vast majority of them revolve around the real identity of Satoshi Nakamoto, who some have even identified as Economics Nobel Laureate, John Nash. Indeed, Nakamoto’s real identity seems to be one of the ... Bitcoin’s dramatic rise over the course of the last few days has seen the internet rumour mill run riot once more with an array of conspiracy theories ‘explaining’ the reasons behind its sudden increase.. So we decided to reach into the archives to dig up some of the more popular Bitcoin-related conspiracy theories of recent times.

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Bitcoin/Cryptocurrency is a Government Conspiracy (2017 ...

A magazine cover from 30 years ago has led to wild speculation within the Bitcoin community about the significance of October 10, 2018. FULL STORY: MICKY.COM.AU. Is it all a Bitcoin Conspiracy? In this video a gentleman speaks about the fall and rise of bitcoin. Wall Street, Bitcoin, Blockchain, Block Chain Technology, Conspiracy, Bitcoin Falling, Bitcoin ... The Bitcoin Conspiracy loadingreadyrun. Loading... Unsubscribe from loadingreadyrun? ... Inside a Secret Chinese Bitcoin Mine - Duration: 9:17. Motherboard Recommended for you. 9:17 . NERF ... “It’s an extremely bad idea to remove cash entirely from the society; it enables mass surveillance from both the payment industry and the government. Where a... If you bought just $1000 of bitcoins in July 2010, you would now have over $90 million on your hands. From a mere $0.05 a pop seven years ago, the cryptocurr...

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