The Conspiracy Theories Behind The Virtual Money Bitcoin

The volatile nature of Bitcoin has caused many rumors to run wild i time it's value rises or crashes. There are then many related conspiracy theories behind the virtual money Bitcoin. We accept a expect at closed to of the wild as well as belike theories that have got surfaced over the years.

Nostradamus Predicted Bitcoin

This wild thought was covered past times the British newspaper the Express inwards Jan of this year. The article referenced several quatrains from Frenchman Nostradamus' Les Propheties run inwards 1555 that allegedly parent to Bitcoin.

One of the quatrains reads, "How nosotros volition run across a nifty nation sorely troubled as well as the holy police inwards speak ruin, Christianity governed past times other laws, when a novel source of gilt as well as silvery is discovered."

This vague reference of a "new source of gilt as well as silver" is beingness tied to bitcoin but it can't live considered concrete proof.

The Express, however, ran amongst the even out inwards spite of the lack of a clearer Nostradamus-Bitcoin connection.

The American Government Created Bitcoin

Pablo Escobar's younger blood brother Roberto has made this claim equally he has founded his ain cryptocurrency Diet Bitcoin final March. Contained inwards the project's white paper, Escobar explained that the public would presently larn that Bitcoin was a brainchild of the U.S. of A. authorities as well as that the CIA is preparing to dump a stash of Bitcoins to cut its value to zero.

There is no existent explanation given past times Escobar why the U.S. of A. authorities has done such actions. No journalist has interviewed him to give to a greater extent than details equally to how he came upward amongst his theory.

Satoshi Nakamoto Is H5N1 Time Travelling AI Machine

The futuristic online mag Futurism.com covered this claim. Their basis? H5N1 Bitcoin block hash was generated inwards June of 2018 which contained a highly improbable release of leading zeroes which led closed to to speculate that this had come upward from the future.

Bitcoin Signals The End Times

This theory is related to the Bible mass of Revelations chapter 13. This is all nearly the "Mark of the Beast."

The Bible tells of a "mark" that all people must have got to survive. No i tin purchase anything as well as alive inwards a cashless guild unless he or she receives the "mark."

It is truthful that Bitcoin is a representation of a shift to a cashless society, but it's non belike to live the devil's handicraft.

There are many instances when religious fanatics oppose advances inwards scientific discipline as well as mathematics inwards history. We recollect that Galileo was convicted of heresy inwards 1633 for claiming that the public was non the middle of the universe.

Bilderberg Bitcoin

This conspiracy claims that members of the Federal Reserve, the Bilderberg grouping as well as Mastercard conspired to command the BTC marketplace past times using subsidiaries.

The Bilderberg grouping is a mortal scheme whose members are the most influential people inwards the world.

The theory claims that a subsidiary of the Bilderberg group, AXA Strategic Ventures, set inwards $55 i thou one thousand into Blockstream.

Blockstream is i of the principal funders of the Bitcoin inwardness evolution team. If this theory is correct, it volition give meaning command to the Bilderberg group.

NSA

The NSA-Bitcoin conspiracy claims that the NSA invented the SHA-256 algorithm.

The SHA-256 is the protocol that BTC's Proof of Work scheme is based on.

This theory came nearly next the 2013 reports that the NSA is spying on all mobile spider web activity through a built-in backdoor.

Theorists claim that it's possible that the NSA has a similar backdoor algorithm inside the SHA-256 protocol.

This theory does non concur upward because the SHA-256 is an opened upward source algorithm that the best cryptographers inwards the public have got studied over xv years without discovering whatsoever flaws. The SHA-256 is silent listed equally a secure protocol past times the National Institute of Standards as well as Technology.

China Invented Bitcoin

This theory is based on the actions of the Chinese government. It is claimed that Red People's Republic of China is the master copy possessor of the digital currency.

The concept is non far fetched since Red People's Republic of China has the largest release of BTC miners as well as abode to the largest BTC mining rig manufacturer, Bitmain.

A twelvemonth ago, Red People's Republic of China set its human foot downward on the cryptomarket past times banning ICO's as well as closing all Chinese exchanges.

China is a dominant business office musician inwards the mining sector spell their authorities is silent researching blockchain. Chinese citizens were given restrictions amongst crypto access spell the authorities continues to increase their crypto activities.

This leads you lot to speculate what China's existent motives are behind these strategies.

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