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Bitcoin Was Created By DARPA

 
Anonymous Coward
User ID: 50721961
United States
12/04/2013 03:53 PM
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Re: Bitcoin Was Created By DARPA
Where does the value come from, when one is bitcoin mining? Is there advertising dollars involved? Who pays someone to mine bitcoins, in other words. Where does one receive the mined value FROM? Our imaginations? From advertisers? What causes the bitcoins you receive via mining to have value?


Also, if bitcoin is not working with the central banks, then it will be stopped somehow. It might be a central bank venture, in which case one might as well invest.
Anonymous Coward
User ID: 49346900
Norway
12/05/2013 03:39 AM
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Re: Bitcoin Was Created By DARPA
if you actually read the paper that the OP linked to, you'll see the word "bank" mentioned over 100 times. compare/contrast to how many banks are involved in bitcoin; zero.

"To protect against multiple spending, the Bank maintains a database of spent electronic coins."

i.e. this .gov paper is suggesting an electronic currency with a centralised database maintained by the "Bank". a central bank, basically. so while it's true to say that .gov has been investigating cryptographic currencies, it's nonsense to suggest that bitcoin is similar to what they have been writing about, because they of course seek centralisation. the blockchain is bitcoin's database of transactions, and it is so entirely decentralised that anyone who wants to use bitcoin needs to have a copy of it.

also a few links showing just how much .gov likes bitcoin:

Dutch Bank Rabobank is Blocking Customers from Buying Bitcoins
[link to www.coindesk.com]

Homeland Security Calls Bitcoin an "Emerging Threat"
[link to www.scribd.com]

Feds seize money from Dwolla account belonging to top Bitcoin exchange Mt. Gox; Mobile payments service won't move money to and from Mt. Gox post-court order.
[link to arstechnica.com]


from personal experience, buying bitcoins is quite difficult because the banking system makes it so; it took me a good few days of investigation earlier this year to find out how to buy the grand total of 2 bitcoins, because the banking industry closes down any business involved in bitcoin pronto. in the end i found localbitcoins.com, essentially a peer to peer exchange for bitcoins that could only be shut down by closing individual people's bank accounts, rather than company bank accounts.

so, OP, i suggest it is you that is sitting in a DARPA office somewhere, as it's clear upon investigation that the government/banking hybrid really doesn't want you to use bitcoin, because it allows you freedom from their debt money.
Anonymous Coward
User ID: 51078324
Australia
12/05/2013 03:48 AM
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Re: Bitcoin Was Created By DARPA
OP's statement while it could be true

is baseless and dons't seem correct

Bitcoin while having a great market Cap of 10 billion

(which is a purely speculative value)

is still in a cryogenic stage

Butterfly Labs is a know con artist pyramid company !!!

Also bitcoin has attracted the best scammers from across

the globe so your going to have to be really careful

problem is most of the scammers are grouping together

to discredit honest bitcoiners and then scamming massive

amounts of coin of millions of people cause they though

they where the legitimate people xD

(ie cause they called eveyone else a con artist)

Happy Days
Anonymous Coward
User ID: 9761298
Australia
12/05/2013 04:06 AM
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Re: Bitcoin Was Created By DARPA
You tell me why mom and pop would ever want to convert their money into Bitcoin, then the general public might give a damn. It's too risky for most people to convert their day to day money supply into what is really just a huge investors gamble at the moment.

Sure if the USD falls apart bitcoin may be an alternative, but even bitcoin is still based on the USD, so why bother converting to it in the first place. Just keep using paypal and USD.

Until then, the tangible value of Bitcoin at its current price is over valued, in reality each bit coin is really only worth the electricity used in mining each coin, which is what, 10 or 20 dollars at best.

Governments can and will make it harder to use considering its difficult to monitor and hard to tax, which means its always going to be a huge risk.
OhmVibe

User ID: 46957326
United States
12/05/2013 04:12 AM
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Re: Bitcoin Was Created By DARPA
Bitcoin is just another 'get rich quick' scheme.
 Quoting: Anonymous Coward 49996267


Oh but it was and is for quite a few people.
The Årtist

User ID: 44124412
United States
12/05/2013 04:25 AM
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Re: Bitcoin Was Created By DARPA
Mining for bitcoins is a RAINBOW TABLE. Go look that up.
RAGE
Anonymous Coward
User ID: 21903530
Canada
12/05/2013 11:12 AM
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Re: Bitcoin Was Created By DARPA
Bitcoin is just another 'get rich quick' scheme. You want money, it's simple, get off your ass and get to work.

billclinton1
 Quoting: Anonymous Coward 49996267


Mining is hard work you stupid peckerhead.
 Quoting: Bear Drinker


Erm, no. Computers perform the mining, not you. You sit there and smoke pot.

Get a job, slob.

pigchef
 Quoting: Anonymous Coward 49996267

Increasingly remote controlled machines are being used but mining is still hard work... and they drug test miners.

Source: I have a job in oil mine construction.
GFX guy

User ID: 9776422
United States
12/05/2013 12:44 PM
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Re: Bitcoin Was Created By DARPA
Now the arguments getting posted here are just plain silly.

horndcomphorn2




History is repeating again...


[link to www.youtube.com]
Anonymous Coward
User ID: 49346900
Norway
12/18/2013 06:26 AM
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Re: Bitcoin Was Created By DARPA
2 major banks trying to shut down bitcoin trading, why would they be doing that if its their own creation?

[link to www.coindesk.com]

[link to www.maxkeiser.com]
Anonymous Coward
User ID: 54857868
United States
02/25/2014 04:07 PM
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Re: Bitcoin Was Created By DARPA
2 major banks trying to shut down bitcoin trading, why would they be doing that if its their own creation?

[link to www.coindesk.com]

[link to www.maxkeiser.com]
 Quoting: Anonymous Coward 49346900


The are in on the secret because they are not part of the Lizards!
Anonymous Coward
User ID: 61679013
Canada
12/29/2014 01:07 PM
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Re: Bitcoin Was Created By DARPA
repinned to go with my OP.
Moraniac

User ID: 66125095
United States
12/29/2014 01:24 PM
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Re: Bitcoin Was Created By DARPA
Bitcoin is just another 'get rich quick' scheme. You want money, it's simple, get off your ass and get to work.

billclinton1
 Quoting: Anonymous Coward 49996267


Sorry bro. But that has NEVER been the path to riches. Middle class comfort, maybe. But riches, no.
Winter is Coming.
Anonymous Coward
User ID: 25464204
United States
12/29/2014 01:37 PM
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Re: Bitcoin Was Created By DARPA
complete bullshit. if you actually go read any of the papers the agencies wrote about creating a cryptocurrency, they all state the need for a central bank equivalent. bitcoin has no central bank. go read the papers, morans.
The Creep

User ID: 66490191
United States
12/29/2014 01:40 PM
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Re: Bitcoin Was Created By DARPA
Bitcoin is just another 'get rich quick' scheme. You want money, it's simple, get off your ass and get to work.

billclinton1
 Quoting: Anonymous Coward 49996267


Mining is hard work you stupid peckerhead.
 Quoting: Bear Drinker


Erm, no. Computers perform the mining, not you. You sit there and smoke pot.

Get a job, slob.

pigchef
 Quoting: Anonymous Coward 49996267


I dont think you know what your talking about. Have you ever mined? I have and quickly gave up. It is very time consuming trying to keep all your miners running right and optimal and the price for the equipment forget it. The average joe with s 9 to five and a family will find it out of the question. I just buy and trade on my days off.
Anonymous Coward
User ID: 38297111
United States
12/29/2014 02:07 PM
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Re: Bitcoin Was Created By DARPA
The amount you pay for each miner and the electricity for cooling them makes it hard to be profitable...
You really need to be running 100s of miners 24/7
Anonymous Coward
User ID: 65137584
Germany
12/29/2014 02:14 PM
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Re: Bitcoin Was Created By DARPA
Thread: BEAST - [B]lockchain[E]nter[A]ll[S]tages(of)[T]echnologie 28 12 10 13 23 33
Anonymous Coward
User ID: 32930338
United States
12/29/2014 02:20 PM
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Re: Bitcoin Was Created By DARPA
Calm down darpa laid out the whole internet, of course they would eventually depoly its currency.

your message is clearly go by bitcoin and jump in on this scam

if GLP really hated naggers I would be reading dirt on cosby but no, just a sale pitch for sir richard
SGSR1

User ID: 47262068
United States
12/29/2014 02:54 PM
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Re: Bitcoin Was Created By DARPA
finally, this is another manipulation.

Idol1
 Quoting: Anonymous Coward 49709313


No that's not manipulation, it is just another step to take complete control

Sorry to say it "They have all cards to play with"

We are here just to watch the show
Anonymous Coward
User ID: 26730260
United States
12/29/2014 03:00 PM
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Re: Bitcoin Was Created By DARPA
OP, my first modem was "liberated" from a bank back in 1983 and I was that kid who was teaching teachers how to use a computer back when... the one who got called by all of the neighbors to fix their televisions, stereos and computers the same.

Heck, I was 11 years old and laughed when movies like War Games and Weird Science came out and people believed what computers could do.

You're spot on and I wish I could share the things my naked eyes have seen on the net over the years.

That said, I worked for many of the top companies in telecommunications and computers just so I could have access to tech and more importantly, trunks and access points from the inside.

I claim to know nothing and even less in a court of law under oath. ;)

Keep on keeping on.
Syan O'Citta
User ID: 11608532
United States
12/29/2014 03:13 PM
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Re: Bitcoin Was Created By DARPA
The post below is mostly correct, Bitcoin doesn't really have a strong value proposition from a purely mathematical viewpoint. It is indeed created by 'insiders' of some variety(USG, Central Bankers) something like this and to think it's some kind of libertarian force is just a JOKE. If you look closely at all the people involved it's fairly obvious it's an insider 'black op' sort of thing.

I've been involved in Altcoins for a some time and I know a thing or two about what's going on.

The Altcoins sprung up not long after Bitcoin and there is quite a bit of diversity there. Mostly OP is right, they are some of the WORST scams imaginable run by some of the worst people imaginable. This is mostly by design of the bitcoin whales- they make sure the people who are fully funded are the ones that are going to make a quick buck AND spoil any alternatives to Bitcoin that may spring up. If you look closely in these projects you will see petty criminals, drug lords, weapons smuggling, and worse. The criminal underground likes these technologies because they can store their wealth and invest their dirty blood money.

Bitcoin was supposedly invented by someone named Satoshi Nakamoto, but more than likely it was written by a man named Adam Back, who circles around the Bitcoin space and has a background in the fields of math and engineering that Bitcoin requires. In addition he was also involved with Tor, which was another similar sort of project funded by USG posing as an privacy device:

this is a rather famous article: [link to pando.com]

The exact details of Bitcoin's genesis have yet to emerge, but most who have spent any time in this area know it's something to do with USG or some such. I know of people who have been harassed/threatened by getting to close to the truth. Im not sure if OP has it exactly right, he seems to have collected all the controversial facts together and come to a conclusion, he's not an actual insider.

There are loads of aspects to all this. If anyone has a question, go ahead and ask I might be able to clarify.

Bitcointalk is another aspect to all this.



Sounds about right to me, OP. All you morans thinking Bitcoin is an anti-establishment, libertarian invention will have a rude awakening. You really think some shady character creates something like Bitcoin, something that can't be taxed nor regulated by the Rothschild-owned network of worldwide central banks, and the Illuminati are okay with it? Haha you guys are fools.

The Rothschilds send the U.S. military to foreign countries and bomb them back to the stone age, ruthlessly murdering millions of innocent people, all in order to install a Rothschild-owned, usurious central bank in the country, and you think they're just fine with something like Bitcoin being outside their control? WAKE UP AND SMELL REALITY.

And by the way, this idea that so-called "mining" gives Bitcoins value is so ridiculously fallacious, I don't even know where to begin. I worked on the dev side when I was in IT and I have a math degree, so I laugh when people try to bullshit me about Bitcoin's math-derived "value". You Bit-tards have no clue what money is. It would behoove you to figure that out at some point in your lives.
 Quoting: Anonymous Coward 40796735
Anonymous Coward
User ID: 8755357
United States
12/29/2014 03:13 PM
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Re: Bitcoin Was Created By DARPA
Really good write up OP.

I guess the question is, do we trade our eye of Sauron backed dollars for BTC so when the paper blows up we can ride the BTC up. I am not endorsing or not endorsing using it. However, I like to hedge and if the fiat system goes, I would like to retain my purchasing power.
Anonymous Coward
User ID: 66496965
United States
12/29/2014 03:21 PM
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Re: Bitcoin Was Created By DARPA
Why haven't any of you learned anything about computers?

If its on a computer, it is vulnerable, period.

BitCoin's value is based on it's difficulty to gather, the problem being is every damn day, technology doubles. BitCoin is well on its way to being cracked and minded down to miniscule value.

Haven't any of you kept up with the cryogenic core computer Google has invested in? You think that thing can't mine a BitCoin a day? You're sadly mistaken. Google may *already* have the ability to mine BitCoin faster than anyone or anything on Earth.

Sell high, cuz the same day its cracked it won't be worth a dime
Syan O'Citta
User ID: 11608532
United States
12/29/2014 03:28 PM
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Re: Bitcoin Was Created By DARPA
Bitcoin's security is certainly questionable.

The account security(not mining) is based on Elliptic Curve Cryptography which is known to be breakable with a Quantum Computer(see Shor's Algorithm). So the question is, does *the enemy* have a quantum computer?

what do you think?

fact: Quantum Computers are soon going to be available to the public, do you think the govt and Big Capital don't have them?


Why haven't any of you learned anything about computers?

If its on a computer, it is vulnerable, period.

BitCoin's value is based on it's difficulty to gather, the problem being is every damn day, technology doubles. BitCoin is well on its way to being cracked and minded down to miniscule value.

Haven't any of you kept up with the cryogenic core computer Google has invested in? You think that thing can't mine a BitCoin a day? You're sadly mistaken. Google may *already* have the ability to mine BitCoin faster than anyone or anything on Earth.

Sell high, cuz the same day its cracked it won't be worth a dime
 Quoting: Anonymous Coward 66496965
Anonymous Coward
User ID: 66046261
Argentina
12/29/2014 03:31 PM
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Re: Bitcoin Was Created By DARPA
I have been saying this, but people don't want to listen. Then you have shills like the "father of cryptocurrency" above spreading disinfo.
 Quoting: Anonymous Coward 50414759


haha many of us knew about this since the get go
btw he's from belgium too lol
Syan O'Citta
User ID: 11608532
United States
12/29/2014 03:33 PM
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Re: Bitcoin Was Created By DARPA
I have been saying this, but people don't want to listen. Then you have shills like the "father of cryptocurrency" above spreading disinfo.
 Quoting: Anonymous Coward 50414759


haha many of us knew about this since the get go
btw he's from belgium too lol
 Quoting: Anonymous Coward 66046261


who is from Belgium?
Anonymous Coward
User ID: 66046261
Argentina
12/29/2014 03:34 PM
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Re: Bitcoin Was Created By DARPA
I have been saying this, but people don't want to listen. Then you have shills like the "father of cryptocurrency" above spreading disinfo.
 Quoting: Anonymous Coward 50414759


haha many of us knew about this since the get go
btw he's from belgium too lol
 Quoting: Anonymous Coward 66046261


who is from Belgium?

 Quoting: Syan O'Citta 11608532

the shill duh
Syan O'Citta
User ID: 11608532
United States
12/29/2014 03:36 PM
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Re: Bitcoin Was Created By DARPA
That geographical area has a lot of activity in the Cryptospace, in particular Flemish/Dutch.

Bitcointalk is, last time I checked, hosted with a Dutch ISP.

This could be due to a number of things. .nl has supposedly a friendly legal environment. Digicash, an early cryptocurrency company was Dutch based.
Anonymous Coward
User ID: 66498119
Israel
12/29/2014 03:50 PM
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Re: Bitcoin Was Created By DARPA
if you actually read the paper that the OP linked to, you'll see the word "bank" mentioned over 100 times. compare/contrast to how many banks are involved in bitcoin; zero.

"To protect against multiple spending, the Bank maintains a database of spent electronic coins."

i.e. this .gov paper is suggesting an electronic currency with a centralised database maintained by the "Bank". a central bank, basically. so while it's true to say that .gov has been investigating cryptographic currencies, it's nonsense to suggest that bitcoin is similar to what they have been writing about, because they of course seek centralisation. the blockchain is bitcoin's database of transactions, and it is so entirely decentralised that anyone who wants to use bitcoin needs to have a copy of it.

also a few links showing just how much .gov likes bitcoin:

Dutch Bank Rabobank is Blocking Customers from Buying Bitcoins
[link to www.coindesk.com]

Homeland Security Calls Bitcoin an "Emerging Threat"
[link to www.scribd.com]

Feds seize money from Dwolla account belonging to top Bitcoin exchange Mt. Gox; Mobile payments service won't move money to and from Mt. Gox post-court order.
[link to arstechnica.com]


from personal experience, buying bitcoins is quite difficult because the banking system makes it so; it took me a good few days of investigation earlier this year to find out how to buy the grand total of 2 bitcoins, because the banking industry closes down any business involved in bitcoin pronto. in the end i found localbitcoins.com, essentially a peer to peer exchange for bitcoins that could only be shut down by closing individual people's bank accounts, rather than company bank accounts.

so, OP, i suggest it is you that is sitting in a DARPA office somewhere, as it's clear upon investigation that the government/banking hybrid really doesn't want you to use bitcoin, because it allows you freedom from their debt money.
 Quoting: Anonymous Coward 49346900


clappa
Syan O'Citta
User ID: 11608532
United States
12/29/2014 03:56 PM
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Re: Bitcoin Was Created By DARPA
Israel is another big player in Bitcoin it seems.

There are a disproportionate number of Bitcoin experts who hail from Israel. One branch off project from Bitcoin, Color Coins- is mostly Israeli both in financial supports and technical support.

I suppose the USG origin of Bitcoin appealed to Israeli interests to build compatibility layers and such.
Anonymous Coward
User ID: 66260455
United States
12/29/2014 03:57 PM
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Re: Bitcoin Was Created By DARPA
Just 'another' Ponzi scheme !

As P.T. Barnum once said .... " A sucker is born every minute !"