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Is the National Security Agency behind Bitcoin?

by on June 21, 2013
Bitcoin NSA

Recently a 1996 NSA report surfaced, ‘predicting’ a crypto-cyber unit eerily close to Bitcoin. So eerily close, that, knowing their M.O., the question arises whether this report is a prediction, or a plan.

The report can be found here. I don’t know how long it has been circulating in the Alternative Media, but it seems it just surfaced. It is stunning. It looks very much like an architectural design of the kind of issues this cyber unit should solve. It is stunning not only because it so closely resembles the architecture of Bitcoin, but also since it so conspicuously avoids all the real problems with our monetary system, i.e. Usury, scarcity of money and the manipulation of volume.

If we look at similar ‘predictive’ reports on for instance population control, which have had such a major impact on the Truth community, we must conclude that this particular NSA report on crypto-cyber currencies looks more like a design than a prediction.

Meaning that Bitcoin just officially became a Money Power meme.

Bitcoin architecture
The NSA report goes deeply into the challenges a crypto currency faces and lists the various security and implicated regulatory risks. Both from the point of view from regulators and developers of such schemes.

Amazingly, a key writer of the report is called Tatsuaki Okamoto. In the Bitcoin community this has been picked up as remarkably similar to Satoshi Nakamoto, the pseudonym of the enigmatic developer of Bitcoin.

As we have been discussing, Bitcoin was designed to be scarce and deflationary. Interest-free credit is impossible with Bitcoin and this year we have seen wild trading in the cyber-unit, with a massive bubble and the unavoidable crash. Nonetheless, Bitcoin’s rate at this point is about $110 today, up from $5 November 2011. Its total market capitalization topped $1 billion at its peak and is still substantial.

Implications
An interesting issue is In-Q-Tel’s involvement. In-Q-Tel is the ‘not for profit’ investment arm of the CIA. Undoubtedly just another control mechanism. In-Q-Tel is investing or planning on investing in Bitcoin, presumably by buying some of them. The CIA has been involved in an extensive dialogue with Bitcoin people. It is unclear as to what this ‘dialogue’ amounts to, but obviously, combined with this shocking NSA paper, the whole thing looks pretty suspect.

So what are the bad guys up to? Are they creating a unit with which they can finance their international drug trade without risking money laundering in the banking industry, which is forced to be more and more transparent?

Perhaps it’s not for nothing that American legislators have shown alarm at the uncontrollable flow of funds?

Or is it all just a ruse to undermine free market currencies and regulate them to death, using Bitcoin as some sort of monetary false flag?

This latter scenario would explain the heavy handed and totalitarian way the DHS recently seized some account owned by Mt. Gox, the biggest Bitcoin exchange. Note the DHS is not some financial regulatory body, but the Gestapo itself.

Conclusion
Even today it’s too early to come to conclusions about Bitcoin. Perhaps it’s still a well-intentioned try, destined to failure by its faulty design, or destroyed by the agencies. Or it was designed from day one as a tool to help maintain control of the money supplies of the world.

But it is amazing how the NSA report addresses the ‘need’ for privacy with transactions as the main monetary issue, ignoring all the far, far more important problems we have with our money, and how Bitcoin answers exactly the challenge put forward.

Knowing the ways these people think and operate, this NSA report basically puts to rest the notion that Bitcoin was a completely innocent ‘free market’ or ‘human action’ kind of thing to begin with.

Related:
Bitcoin: Blessing or Trap?
Baffling Bitcoin
Bitcoin, impressive but flawed

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36 Comments
  1. anna permalink

    I sincerely doubt the NSA is behind the creation of Bitcoin.

    One of the reasons the advent of BTC is so powerful is that it forces people to stop and think about the function/history of money/fiat/currency and why it does/doesn’t work and challenges the necessity of central banks and its relationship to government.

    The last thing the PTB wants is for us to think about this and challenge the status quo.

    • There will always be challenges to the status quo and the Money Power knows this all too well. So they organize the opposition for us too.

  2. Bitcoin has too many disadvantages to be a tool of the intelligence community. It is so insecure that it is easily stolen. It’s not nearly as anonymous as its advocates claim. Here’s proof: http://alfidicapitalblog.blogspot.com/2013/12/the-serious-disadvantages-of-bitcoin.html

  3. Itchy permalink

    Crypto-currencies are able to defeat usury, whether supported by the NSA or not. You have no way to know their intentions, maybe on this issue you are on the same side.

    Are you even sure that the NSA, DHS, and CIA are working towards the same ends? Do you know if they are ALL globalist? Could the NSA be actually trying to defend the constitution?

    It’s not that hard to imagine different factions under the Federal Government umbrella working towards different outcomes, it has been going on in every court since monarchies ruled the world…

    • Eugene Galton permalink

      hahahahhaah!!! ” Could the NSA be actually trying to defend the constitution?” hahahahaa

  4. minglingmike permalink

    all i know is National Security Agency is an anagram of…
    …gay anti-yuan electronics!
    source: http://banksneedboundaries.wordpress.com/2013/10/30/nsa/

  5. I am keeping an eye on this topic and reporting it to Christians and Jews worldwide. http://beforeitsnews.com/contributor/pages/275/000/bio.html

  6. The NSA must secretly want to create a free market. How nice of them.

  7. herzmeister permalink

    Some thoughts:

    There are some similarities to Bitcoin, but not so many as one would assume at first.

    This paper describes a centralized transaction system, which seems rather trivial from today’s perspective. Senders and Receivers would remain anonymous, similar to using PGP in emails. This is inspired by the work of David Chaum, an advocate for privacy, naturally, being a cypherpunk. These people saw from early on (a no-brainer from today’s perspective really) that it’s not only dystopic to entrust “the internet” with all one’s private information (collectible by global data krakens like Google and Facebook), but that it’s an impossible thing to allow from a security standpoint.

    > But it is amazing how the NSA report addresses the ‘need’ for privacy with transactions as the main monetary issue,

    Interesting indeed. However, apart from musing over incentives the NSA might have to encourage anonymity, in the industry there’s also the age-long methodology of Embrace, Extend, Extinguish – http://en.wikipedia.org/wiki/Embrace,_extend_and_extinguish

    > ignoring all the far, far more important problems we have with our money,

    This paper is about a payment transaction system, not a currency. It does not say anything about the nature of the currency that might be used with it.

  8. So much of our world has been molded by the money power.

    “If you can buy it, it ain’t money.” Bitcoin is a commodity held artificially scarce.

  9. Money is credit in circulation. Credit is a shared faith among a people. You might say a shared belief system. Bitcon is a fiction of numbers that can change values in a finger snap from 150 to 70 for no apparent reason. This is not the attribute of a currency. Good luck Bitcoiners. Just a thought. Rduanewilling

    • I know exactly what you mean and that will never work with me, there is no speculation, no inflation, no interest, no way it can be hacked Celebrity Green Room http://www.celebrity-green-room.com . They don’t need luck with me on the job, I’m an idea atm. One dollar is one bit coin, coins never leave your account til we see you on camera, closed loop system, fraud or theft of any kind is impossible.

    • Stephen Lawrence permalink

      “Money is credit in circulation” – what you say is true, but people in general believe otherwise. In fact you’d have a great deal of trouble trying to convince them that this was the case, since they have such a deeply held belief that somehow “govts create money” because its “all got to be above board”. They just can’t believe that the banks are not only evil, hated – but created all their money in the first place!

  10. Robert permalink

    Anthony – I believe you had missed one important aspect.

    This aspect was touched on by one experienced analyst Mike Stathis: http://www.avaresearch.com/avanew/articles/1256/More-Pumping-Of-Bitcoin-Shitcoin.html

    A little bit provocative question: why you belive that everything you had learned about Shitcoin is true?

    This positive Shitcoin message was created by marketing people. By definition marketing is based on lies. This message was created by “Satan’s little helpers”: http://www.youtube.com/watch?v=gDW_Hj2K0wo

    This message has NEVER been verified by any public authority.

    I believe we are still here:

    Protocol IV.4
    In order to give the GOYIM no time to think and take note, their minds must be diverted towards industry and trade. Thus, all the nations will be swallowed up in the pursuit of gain and in the race for it will not take note of their common foe. But again, in order that freedom may once for all disintegrate and ruin the communities of the GOYIM, we must put industry on a speculative basis: the result of this will be that what is withdrawn from the land by industry will slip through the hands and pass into speculation, that is, to our classes.

    • herzmeister permalink

      lol… I think the “marketing” of Bitcoiners is, more than anything, rather clumsy.

      • Robert permalink

        I do not think so.

        Vladimir Lenin: “The best way to control the opposition is to lead one.” This is great Babylonian Wisdom.

        They promote STC (I prefer this nickname “Shitcoin”) as an alternative to this modern monetary system manipulated by “evil central bankers”. Today we know that we should blame not demonic Nazis but evil central bankers. Please look here: http://www.infowars.com/how-the-looming-bitcoin-crash-will-be-exploited-by-globalists-to-outlaw-decentralized-crypto-currencies

        This ridiculous “Alternative Media” propaganda demonizes central banks. STC allegedly does not have a central bank (then who limits the number of couns?) so STC is kosher.

        STC is promoted as an alternative “currency” (bullsht), just like the “Austrian” (i.e. Talmudic) Economics is alternative to modern economic theory. Classical dialectics.

        Different propaganda instruments are used for mainsteam sheeple and for controlled opposition. Everything was designed by New York philantropic foundations. I believe they are professionals. :D :D

        • herzmeister permalink

          > (then who limits the number of couns?)

          such (and other rules) are decided by you and me and everyone who runs the Bitcoin program on their computer, which together form the peer-to-peer network that is the Bitcoin system.

          the program is open source, that means (among other things) that everyone can change the software and make their own thing. So if you don’t like Austrian Economics then e.g. use Freicoin. http://freico.in/

    • omg, how could i know this :)

    • Is that from behold a pale horse by the great William Cooper?, time we start listening to the people like him with real answers, he warned this over 30 years ago. How long before you/everybody reacts appropriately??

  11. from Ezra P’s history lessons, quoting Brooke Adams, anything sound familar?:
    Perhaps no financier has ever lived abler than Samuel Loyd. Certainly he understood as few men, even of later generations, have understood, the mighty engine of the single standard. He comprehended that, with expanding trade, an inelastic currency must rise in value; he saw that, with sufficient resources at command, his class might be able to establish such a rise, almost at pleasure; certainly that they could manipulate it when it came, by taking advantage of foreign exchange. He perceived moreover that, once established, a contraction of the currency might be forced to an extreme, and that when money rose beyond price, as in 1825, debtors would have to surrender their property on such terms as creditors might dictate

  12. Dugan King permalink

    I have been suspicious of Bitcoin from the start. It takes a computer scientist to understand the concept and thus it boggles the mind of the average investor. Limiting the issue alone is not a cure for inflation but a good way to create a bubble as demand for Bitcoin increases. It could be a ruse to undermine the public’s faith in alternative currencies by raising it’s profile and then crashing it on purpose. Then the media will use it to frighten the sheeple from accepting other, honest currencies of an alternative nature.

    • you nailed it brother, if you see my post in bit coin groups last few days i’ve been saying the same thing, how their missing something so obvious !!???

  13. bourchakoun permalink

    Would it be such a surprise to find out that the money power creates and also quickly infiltrates ALL groups and even additional currencies possible?

    What could one expect from a group that even changed common dances to seperate man and woman?

    Creating regional currencies would be a good way to survive for communities until that is shut down too. Dangerous currencies like the Gelre would be of course shut down quickly.

    If Bitcoin were a Gelre-designed currency it would be long gone. Fundamentally flawed alternative currencies can be left in peace. The Gold- and Silverbugs may start paying for goods and services with their precious coins – that kind of exchange will be left alone just the same as Bitcoin as well :)

  14. Andreas permalink

    In case the NSA is the inventor of the Bitcoin the most likely reason to do so is to lure clandestine parties (i.e. terrorist) into using them. In case they have some way to follow the flow of the money that would give them very valuable information. I don’t know much about the technical details of Bit Coin but I understand the trail of users is preserved, be it in a coded form. Of course, if the NSA has, or can crack this code…

    • bourchakoun permalink

      Cute viewpoint of life – still living in the Disney World view of CNN?

      • Andreas permalink

        Bourchakon, did you just called me cute?

        • bourchakoun permalink

          Relax – no one is calling you anything here.

          The viewpoint itself – well:
          1. major terrorism is overwhelmingly money power created, what is left is not much of a concern
          2. the NSA does not need Bitcoin and those trifle sums to track “terrorists” or black market operations – the real powers can use the major banks (sometimes the banks “getting caught” and paying billions in damages – i.e. Wells Fargo) Btw. many people at Wallstreet know about the CIA’s blatant control of the US drug market – that is a well-known fact since the 1980s!
          3. To assume that Bitcoin is somehow survaillance-free is naive since they have their paws everywhere – from the basic operating systems like Microsoft’s (who are rumored to be NSA creations) to other software operations. Do you really believe in the fairy tale that they would let us use a powerful tool as the internet without the ability to track basically everything at will? Sure in most instances it is just an automatic search and word processing, but technology is multi-layered and Snowden was at level 1 – our level – just a signed contract within the machinery. We are all tracked and there is likely a virtual you added this moment by every keystroke of data that you enter.
          4. Bitcoin could be to the field of alternative currencies what Ron Paul was for the “woken-up” community – just another dead-end solution!

          • brillant observation, im pretty sure when you see how untouchable my platform is you will have to agree there’s no way they have anything to do with me, mostly bc my website makes its members untouchable to everybody including them. my platform doesn’t need the internet to function, so it cant be stopped and its unhackable :)

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