EXPOSED: The Real Creator of Bitcoin Is Likely the NSA as One World Currency

Authored or posted by | Updated on | Published on September 11, 2017 | 1 Reply
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Picture of Bitcoin cryptocurrencyFrom GlobalIntelHub.com

Bitcoin has surged to all time highs, urging us to compose this article on a hot trending topic that we’ve wanted to compose for a long time.  Our parent company, Elite E Services, is primarily a FX algorithm development company – so we get asked about Bitcoin quite a bit.  Life is a deteriorating asset so let’s get right down to it.  Who created Bitcoin, and why?  Before we get started just a quick note to all those that haven’t read Splitting Pennies – which is a great primer for those interested in Bitcoin and where it will go next.

The creator of Bitcoin is officially a name, “Satoshi Nakamoto” – very few people believe that it was a single male from Japan.  For more detailed analysis about who is Satoshi Nakamoto see this article and the official Wikipedia entry.  In the early days of Bitcoin development this name is associated with original key-creation and communications on message boards, and then the project was officially handed over to others at which point this Satoshi character never appeared again (Although from time to time someone will come forward saying they are the real Satoshi Nakamoto, and then have their posts deleted).

Bitcoin could very well be the ‘one world currency’ that conspiracy theorists have been talking about for some time.  It’s a kill five birds with one stone solution – not only is Bitcoin an ideal one world currency, it allows law enforcement a perfect record of all transactions on the network.  It states very clearly on bitcoin.org (the official site) in big letters “Bitcoin is not anonymous” :

Some effort is required to protect your privacy with Bitcoin. All Bitcoin transactions are stored publicly and permanently on the network, which means anyone can see the balance and transactions of any Bitcoin address. However, the identity of the user behind an address remains unknown until information is revealed during a purchase or in other circumstances. This is one reason why Bitcoin addresses should only be used once. Always remember that it is your responsibility to adopt good practices in order to protect your privacy. Read more about protecting your privacy.

Another advantage of Bitcoin is the problem of Quantitative Easing – the Fed (and thus, nearly all central banks in the world) have painted themselves in a corner, metaphorically speaking.  QE ‘solved’ the credit crisis, but QE itself does not have a solution.  Currently all currencies are in a race to zero – competing with who can print more money faster.  Central Bankers who are in systemic analysis, their economic advisors, know this.  They know that the Fiat money system is doomed, all what you can read online is true (just sensationalized) – it’s a debt based system based on nothing.  That system was created, originally in the early 1900’s and refined during Breton Woods followed by the Nixon shock (This is all explained well in Splitting Pennies).  In the early 1900’s – there was no internet!  It is a very archaic system that needs to be replaced, by something modern, electronic, based on encryption.  Bitcoin!  It’s a currency based on ‘bits’ – but most importantly, Bitcoin is not the ‘one world currency’ per se, but laying the framework for larger cryptocurrency projects.  In the case of central banks, who control the global monetary system, that would manifest in ‘Settlement Coin’ :

Two resources available almost exclusively to central banks could soon be opened up to additional users as a result of a new digital currency project designed by a little-known startup and Swiss bank UBS.  One of those resources is the real-time gross settlement (RTGS) system used by central banks (it’s typically reserved for high-value transactions that need to be settled instantly), and the other is central bank-issued cash.  Using the Utility Settlement Coin (USC) unveiled today, the five-member consortium that has sprung up around the project aims to help central banks open-up access to these tools to more customers. If successful, USC has the potential to create entirely new business models built on instant settling and easy cash transfers.  In interview, Robert Sams, founder of London-based Clearmatics, said his firm initially worked with UBS to build the network, and that BNY Mellon, Deutsche Bank, ICAP and Santander are only just the first of many future members.

In case you didn’t read Splitting Pennies or don’t already know, the NSA/CIA often works for big corporate clients, just as it has become a cliche that the Iraq war was about big oil, the lesser known hand in global politics is the banking sector.  In other words, Bitcoin may have very well been ‘suggested’ or ‘sponsored’ by a banker, group of banks, or financial services firm.  But the NSA (as we surmise) was the company that got the job done.  And probably, if it was in fact ‘suggested’ or ‘sponsored’ by a private bank, they would have been waiting in the wings to develop their own Bitcoin related systems or as in the above “Settlement Coin.”  So the NSA made Bitcoin – so what?

It isn’t really important who or why created Bitcoin as the how – and the how is open source, so experts have dug through the code bit by bit (pun intended).  If the who or why isn’t important – why did we write an article about it?

The FX markets currently represent the exchange between ‘major’ and ‘minor’ currencies.  In the future, why not too they will include ‘cryptocurrencies’ – we’re already seeing the BTC/EUR pair popup on obscure brokers.  When BTC/USD and BTC/EUR are available at major FX banks and brokers, we can say – from a global FX perspective, that Bitcoin has ‘arrived.’  Many of us remember the days when the synthetic “Euro” currency was a new artificial creation that was being adopted, although the Euro project is thousands of degrees larger than the Bitcoin project.  But unlike the Euro, Bitcoin is being adopted at a near exponential rate by demand (Many merchants resisted the switch to Euros claiming it was eating into their profit margins and they were right!).

And to answer the question as to why Elite E Services is not actively involved in Bitcoin the answer is that previously, you can’t trade Bitcoin.  Now we’re starting to see obscure brokers offering BTC/EUR but the liquidity is sparse and spreads are wacky – that will all change.  When we can trade BTC/USD just like EUR/USD you can bet that EES and a host of other algorithmic FX traders will be all over it!  It will be an interesting trade for sure, especially with all the volatility, the cross ‘pairs’ – and new cryptocurrencies.  For the record, for brokers- there’s not much difference adding a new symbol (currency pair) in MT4 they just need liquidity, which has been difficult to find.

So there’s really nothing revolutionary about Bitcoin, it’s just a logical use of technology in finance considering a plethora of problems faced by any central bank who creates currency.  And there are some interesting caveats to Bitcoin as compared to major currencies; Bitcoin is a closed system (there are finite Bitcoin) – this alone could make such currencies ‘anti-inflationary’ and at the least, hold their value (the value of the USD continues to deteriorate slowly over time as new M3 introduced into the system.)  But we need to pay

Another thing that Bitcoin has done is set the stage for a cryptocurrency race; even Google is investing in Bitcoin alternatives:

Google Ventures and China-based IDG Capital Partners are the second group of tech investors in two months to place a bet on OpenCoin, the company behind the currently-in-beta Ripple open-source payments protocol.  OpenCoin announced today that it had closed an additional round of funding — the amount wasn’t specified — with Google Ventures and IDG Capital Partners. (Hat tip to GigaOM for the news.)  Last month, OpenCoin wrapped up an earlier angel round of funding from another high-profile group of technology VCs: Andreessen Horowitz, FF Angel IV, Lightspeed Venture Partners, Vast Ventures and the Bitcoin Opportunity Fund.

Here’s some interesting theories about who or whom is Satoshi:

A corporate conglomerate

Some researchers proposed that the name ‘Satoshi Nakamoto’ was derived from a combination of tech companies consisting of Samsung, Toshiba, Nakayama, and Motorola. The notion that the name was a pseudonym is clearly true and it is doubtful they reside in Japan given the numerous forum posts with a distinctly English dialect.

Craig Steven Wright

This Australian entrepreneur claims to be the Bitcoin creator and provided proof.  But soon after, his offices were raided by the tax authorities on ‘an unrelated matter’

Soon after these stories were published, authorities in Australia raided the home of Mr Wright. The Australian Taxation Office said the raid was linked to a long-running investigation into tax payments rather than Bitcoin. Questioned about this raid, Mr Wright said he was cooperating fully with the ATO. “We have lawyers negotiating with them over how much I have to pay,” he said.

Other potential creators

Nick Szabo, and many others, have been suggested as potential Satoshi – but all have denied it:

The New Yorker published a piece pointing at two possible Satoshis, one of whom seemed particularly plausible: a cryptography graduate student from Trinity College, Dublin, who had gone on to work in currency-trading software for a bank and published a paper on peer-to-peer technology. The other was a Research Fellow at the Oxford Internet Institute, Vili Lehdonvirta. Both made denials.
Fast Company highlighted an encryption patent application filed by three researchers – Charles Bry, Neal King and Vladimir Oks­man – and a circumstantial link involving textual analysis of it and the Satoshi paper which found the phrase “…computationally impractical to reverse” in both. Again, it was flatly denied.

THE WINNER: It was the NSA

The NSA has the capability, the motive, and the operational capacity – they have teams of cryptographers, the biggest fastest supercomputers in the world, and they see the need.  Whether instructed by their friends at the Fed, in cooperation with their owners (i.e. Illuminati banking families), or as part of a DARPA project – is not clear and will never be known (unless a whistleblower comes forward).  In fact, the NSA employs some of the best mathematicians and cryptographers in the world.  Few know about their work because it’s a secret, and this isn’t the kind of job you leave to start your own cryptography company.

But the real smoking Gun, aside from the huge amount of circumstantial evidence and lack of a credible alternative, is the 1996 paper authored by NSA “HOW TO MAKE A MINT: THE CRYPTOGRAPHY OF ANONYMOUS ELECTRONIC CASH” available here.

This author agrees:

The NSA was one of the first organizations to describe a Bitcoin-like system. About twelve years before Satoshi Nakamoto published his legendary white paper to the Metzdowd.com cryptography mailing list, a group of NSA information security researchers published a paper entitled How to Make a Mint: the Cryptography of Anonymous Electronic Cash in two prominent places, the first being an MIT mailing list and the second being much more prominent, The American Law Review (Vol. 46, Issue 4 ).

The paper outlines a system very much like Bitcoin in which secure financial transactions are possible through the use of a decentralized network the researchers refer informally to as a Bank. They list four things as indispensable in their proposed network: privacy, user identification (protection against impersonation), message integrity (protection against tampering/substitution of transaction information – that is, protection against double-spending), and nonrepudiation (protection against later denial of a transaction – a blockchain!).

“We will assume throughout the remainder of this paper that some authentication infrastructure is in place, providing the four security features.” (Section 1.2)

It is evident that SHA-256, the algorithm Satoshi used to secure Bitcoin, was not available because it came about in 2001. However, SHA-1 would have been available to them, having been published in 1993.

Why would the NSA want to do this?  One simple reason: Control.

As we explain in Splitting Pennies – the primary means the US dominates the world is through economic policy, although backed by bombs.  And the critical support of the US Dollar is primarily, the military.  The connection between the military and the US Dollar system is intertwined inextricably.  There are thousands of great examples only one of them being how Iraq switched to the Euro right before the Army’s invasion.

In October 2000 Iraq insisted on dumping the US dollar – ‘the currency of the enemy’ – for the more multilateral euro.  The changeover was announced on almost exactly the same day that the euro reached its lowest ebb, buying just $0.82, and the G7 Finance Ministers were forced to bail out the currency. On Friday the euro had reached $1.08, up 30 per cent from that time.

Almost all of Iraq’s oil exports under the United Nations oil-for-food programme have been paid in euros since 2001. Around 26 billion euros (£17.4bn) has been paid for 3.3 billion barrels of oil into an escrow account in New York.  The Iraqi account, held at BNP Paribas, has also been earning a higher rate of interest in euros than it would have in dollars.

The point here is there are a lot of different types of control.  The NSA monitors and collects literally all electronic communications; internet, phone calls, everything.  They listen in even to encrypted voice calls with high powered microphones, devices like cellphones equipped with recording devices (See original “Clipper” chip).  It’s very difficult to communicate on planet Earth in private, without the NSA listening.  So it is only logical that they would also want complete control of the financial system, including records of all electronic transactions, which Bitcoin provides.

Could there be an ‘additional’ security layer baked into the Blockchain that is undetectable, that allows the NSA to see more information about transactions, such as network location data?  It wouldn’t be so far fetched, considering their past work, such as Xerox copy machines that kept a record of all copies made (this is going back to the 70’s, now it’s common).  Of course security experts will point to the fact that this layer remains invisible, but if this does exist – of course it would be hidden.

More to the point about the success of Bitcoin – its design is very solid, robust, manageable – this is not the work of a student.  Of course logically, the NSA employs individuals, and ultimately it is the work of mathematicians, programmers, and cryptographers – but if we deduce the most likely group capable, willing, and motivated to embark on such a project, the NSA is the most likely suspect.  Universities, on the other hand, didn’t product white papers like this from 1996.

Another question is that if it was the NSA, why didn’t they go through more trouble concealing their identity?  I mean, the internet is rife with theories that it was in fact the NSA/CIA and “Satoshi Nakamoto” means in Japanese “Central Intelligence” – well there are a few answers for this, but to be congruent with our argument, it fits their profile.

Where could this ‘hidden layer’ be?  Many think it could be in the public SHA-256, developed by NSA (which ironically, was the encryption algorithm of choice for Bitcoin – they could have chosen hundreds of others, which arguably are more secure):

Claims that the NSA created Bitcoin have actually been flung around for years. People have questioned why it uses the SHA-256 hash function, which was designed by the NSA and published by the National Institute for Standards and Technology (NIST). The fact that the NSA is tied to SHA-256 leads some to assume it’s created a backdoor to the hash function that no one has ever identified, which allows it to spy on Bitcoin users.

“If you assume that the NSA did something to SHA-256, which no outside researcher has detected, what you get is the ability, with credible and detectable action, they would be able to forge transactions. The really scary thing is somebody finds a way to find collisions in SHA-256 really fast without brute-forcing it or using lots of hardware and then they take control of the network,” cryptography researcher Matthew D. Green of Johns Hopkins University said in a previous interview.

Then there’s the question of “Satoshi Nakamoto” – if it was in fact the NSA, why not just claim ownership of it?  Why all the cloak and dagger?  And most importantly, if Satoshi Nakamoto is a real person, and not a group that wants to remain secret – WHY NOT come forward and claim your nearly $3 Billion worth of Bitcoin (based on current prices).

Did the NSA create Satoshi Nakamoto? 

The CIA Project, a group dedicated to unearthing all of the government’s secret projects and making them public, has released a video claiming Bitcoin is actually the brainchild of the US National Security Agency.

The video entitled CIA Project Bitcoin: Is Bitcoin a CIA or NSA project? claims that there is a lot of compelling evidences that proves that the NSA is behind Bitcoin. One of the main pieces of evidence has to do with the name of the mysterious man, woman or group behind the creation of Bitcoin, “Satoshi Nakamoto”.

According to the CIA Project, Satoshi Nakamoto means “Central Intelligence” in Japanese. Doing a quick web search, you’ll find out that Satoshi is usually a name given for baby boys which means “clear thinking, quick witted, wise,” while Nakamoto is a Japanese surname which means ‘central origin’ or ‘(one who lives) in the middle’ as people with this surname are found mostly in the Ryukyu islands which is strongly associated with the Ryūkyū Kingdom, a highly centralized kingdom that originated from the Okinawa Islands. So combining Nakamoto and Satoshi can be loosely interpreted as “Central Intelligence”.

Is it so really hard to believe?  This is from an organization that until the Snowden leaks, secretly recorded nearly all internet traffic on the network level by splicing fiber optic cables.  They even have a deep-sea splicing mission that will cut undersea cables and install intercept devices.  Making Bitcoin wouldn’t even be a big priority at NSA.

More from the Telegraph:

Certainly, anonymity is one of the biggest myths about Bitcoin. In fact, there has never been a more easily traceable method of payment. Every single transaction is recorded and retained permanently in the public “blockchain”.  The idea that the NSA would create an anarchic, peer-to-peer crypto-currency in the hope that it would be adopted for nefarious industries and become easy to track would have been a lot more difficult to believe before the recent leaks by Edward Snowden and the revelation that billions of phone calls had been intercepted by the US security services. We are now in a world where we now know that the NSA was tracking the pornography habits of Islamic “radicalisers” in order to discredit them and making deals with some of the world’s largest internet firms to insert backdoors into their systems.

And we’re not the only ones who believe this, in Russia they ‘know’ this to be true without sifting through all the evidence.

A Russian lawmaker claims that Bitcoin is a CIA conspiracy [to finance terrorism]:

Nonetheless, Svintsov’s remarks count as some of the more extreme to emanate from the discussion. Svintsov told Russian broadcast news agency REGNUM:All these cryptocurrencies [were] created by US intelligence agencies just to finance terrorism and revolutions.Svintsov reportedly went on to explain how cryptocurrencies have started to become a payment method for consumer spending, and cited reports that terrorist organisations are seeking to use the technology for illicit means.

Let’s elaborate on what is ‘control’ as far as the NSA is concerned.  Bitcoin is like the prime mover.  All future cryptocurrencies, no matter how snazzy or functional – will never have the same original keys as Bitcoin.  It created a self-sustained, self-feeding bubble – and all that followed.  It enabled law enforcement to collect a host of criminals on a network called “Silk Road” and who knows what other operations that happened behind the scenes.  Because of pesky ‘domestic’ laws, the NSA doesn’t control the internet in foreign countries.  But by providing a ‘cool’ currency as a tool, they can collect information from around the globe and like Facebook, users provide this information voluntarily.  It’s the same strategy they use like putting the listening device in the chips at the manufacturing level, which saves them the trouble of wiretapping, electronic eavesdropping, and other risky methods that can fail or be blocked.  It’s impossible to stop a cellphone from listening to you, for example (well not 100%, but you have to physically rewire the device).  Bitcoin is the same strategy on a financial level – by using Bitcoin you’re giving up your private transactional information.  By itself, it would not identify you per se (as the blockchain is ‘anonymous’ but the transactions are there in the public register, so combined with other information, which the NSA has a LOT OF – they can triangulate their information more precisely.

That’s one problem solved with Bitcoin – another being the economic problem of QE (although with a Bitcoin market cap of $44 Billion, that’s just another day at the Fed buying MBS) – and finally, it squashes the idea of sovereignty although in a very, very, very subtle way.  You see, a country IS a currency.  Until now, currency has always been tied to national sovereignty (although the Fed is private, USA only has one currency, the US Dollar, which is exclusively American).  Bitcoin is a super-national currency, or really – the world’s first one world currency.

Of course, this is all great praise for the DOD which seems to have a 50 year plan – but after tens of trillions spent we’d hope that they’d be able to do something better than catching terrorists (which mostly are artificial terrorists).

In the meantime, if you want to get a head start on the game before BTC/USD starts being offered by major brokers, checkout FC Trading Academy or get the book Splitting Pennies.

This article was found on GlobalIntelHub.com and republished on this website for educational purposes.

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Category: Conspiracy, Cryptography, Economy & Finance

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  1. Anabel says:

    The irony with the banksters Bicoin is that they tested it out on the ” conspiracy” target .
    The ones who may want to escape the grid , find an alternate for the merchant bankers economic monopoly, sad they were sold this their own questioning minds in abeyance.

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