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in Technology - 24 Mar, 2014
by Tech Journalist - no comments
Who is really behind bitcoin?

It’s true that we were always skeptical about bitcoin, and who wouldn’t be?
A virtual currency that was gaining momentum, without being backed by neither a government nor any commodity.

But, while we were skeptical, all the major tech and news site were talking about it, in a way that made the reader put his trust in a currency made of thin air! And they did, and the virtual currency soared giving it at one point a market cap of $14 billion !

But then when Russia and China started advising against it and their central banks banned using it, MtGox (biggest bitcoin trader at the time) magically lost $400 million worth of bitcoins (744 000 BTC), only to find $100 million worth of bitcoins a month later ….  Isn’t that weird enough for you ? wait it gets weirder!

Then a newsweek reporter tries to follow some leads to find out who is behind bitcoin, the reporter end up finding a guy named Satoshi Nakamoto, when asked about the currency Nakamoto responds with, “I am no longer involved in that and I cannot discuss it,” he says, dismissing all further queries with a swat of his left hand. “It’s been turned over to other people. They are in charge of it now. I no longer have any connection.”

Not what have been repeated over and over by newspapers and tech journalists,  “Satoshi Nakamoto”is not a Tokyo-based whiz kid using a pseudonym, the trail followed by Newsweek led to a 64-year-old Japanese-American man whose name really is Satoshi Nakamoto. He is someone with a career shrouded in secrecy, having done classified work for major corporations and the U.S. military.

A discussion between the reporter and Nakamoto brother revealed important information about the Satoshi Nakamoto:

“He’s a brilliant man. I’m just a humble engineer. He’s very focused and eclectic in his way of thinking. Smart, intelligent, mathematics, engineering, computers. You name it, he can do it. … My brother is an asshole. What you don’t know about him is that he’s worked on classified stuff. His life was a complete blank for a while. You’re not going to be able to get to him. He’ll deny everything. He’ll never admit to starting Bitcoin.”

And here’scome the weird part, after the article goes online, Nakamoto denies any involvement in bitcoin!

And here’s again how he denied involvement in bitcoin,

But something he said caught my attention, he said that it was supposed to be developed in 2001, he was working for the government through contracting company!
The conspiracy theory might have been a far fetch, but not after recent revelations about NSA involvement in industrial espionage and sabotage.
Could Bitcoin be just another NSA tool ? to control, track and steal richness from around the world? Even-though many claim it’s a secure currency, but in reality, only the people that have seen the source code of the entire system know for sure if it is!
A digital currency would be ideal for tracking money laundry, drug money, arm money or even to make it vanish like in the case of Mt.Gox.

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