Cryptocurrency

Bitcoin founder Satoshi Nakamoto: An invention of the CIA?

Dear readers: Pack your Simple, because today, we dedicate ourselves to a Theory of ‘some other type’. Who puts this Thesis in the category of conspiracy theories, this was not resented. In light of the recent events surrounding the Swiss company Crypto AG, the German Federal intelligence service (BND), as well as the American Central Intelligence Agency (CIA), we ask ourselves: Can it be that the Bitcoin Green Satoshi Nakamoto is an invention of the CIA?
Before we start – you already know the yesterday published Video of the Satoshi Sunday? Our experts Mirco, Conta and Flo discuss all the interesting aspects of Bitcoin, the upcoming Bitcoin Halving, as well as its effect on Bitcoin Mining. A Lot Of Fun!

Prologue: The Swiss Crypto AG, the BND and the CIA

Published at the beginning of the month, the world-famous Washington Post documents about secret service activities of the Swiss Crypto AG, the German Federal intelligence service and the American CIA. In the ‘top-secret’ Report on the decades long Spying on and wiretapping of more than 120 countries around the world. On more than proud to be the way it is said in the report:

The news was the business Coup of the 20th century.

It all started with a seemingly harmless company: the Swiss Crypto AG. Exactly this company, which was founded after the second world war, produced namely, encryption devices for governments all over the world. Governments use to ensure the equipment to a ‘supposedly’ secure ‘ communications – be it in military areas, or in the case of communication between diplomats. Among the clients of the Swiss company of such States as Iran, India, Pakistan, the Vatican, and a variety of Latin American countries.
We now come to the political sensitivity of the topic: the Crypto AG was unofficially controlled by the CIA. In other words, the CIA was part of the Swiss Crypto AG. She was the secret owner. And it is precisely this ‘home advantage’ to use the CIA to secret back doors into the encryption mechanisms and devices of Crypto AG to install. With the help of these Backdoors the Americans were able to listen to them over a period of decades, the entire communication of the concerned countries.

Bitcoin founder Satoshi Nakamoto is a CIA construct?

We are the Bitcoin inventor Satoshi Nakamoto is us slowly to the absolutely vague and highly speculative Theory approach: What if only a construct of the CIA? – To do this, we need to remember that 120 States since the mid-70s, involuntarily and permanently, the most sensitive and important information to the Americans. Also in the framework of the NSA disclosures by Edward Snowden, it became clear that the USA are just squeamish with regard to the Skimming of private data. Its strength is the Operation in the dark and the camouflage of the own Software.
And, in parallel, exists since 2009, Bitcoin. A crypto-currency, which has now a market capitalization of almost 200 billion US dollars. The network transferred several million to billions of dollars and used throughout the world. Here, we use a currency and an underlying technology without knowing specifically who is behind this concept. Clear, Satoshi Nakamoto-the Bitcoin white paper has been released on 31.10.2008. But who is Satoshi Nakamoto? – Craig Wright, it will not be with safety, and thus this question remains open. Now you could argue Yes, that the ‘Beautiful’ are to Bitcoin, the confidence in the technology and the Algorithms.

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Secure Hash Algorithms (SHA), the NIST

This statement is also correct. The point, however, is doubt, is as follows: Bitcoin used for two essential functions of the network, the Secure Hash Algorithm 256, better known as SHA-256. SHA-256 belongs to the family of SHA-2 hash functions. And it is exactly this family was invented as a Standard by the National Institute of Standards and Technology (NIST), in cooperation with the National Security Agency, better known as the NSA.
In the light of recent publications now has to decide by each individual for himself, than how realistic he considered such a ‘Backdoor’ in the case of SHA-256. The consequences are immense: because the hash function is used both to create Public and Private Keys as well as a hash function in the context of the Proof-of-Work mining algorithm.

Bitcoin & Satoshi Nakamoto = Central Intelligence?

In addition to the just expressed speculation as to the connection between SHA-256 and possible Backdoors, there is another aspect. Have you ever thought about whether or not Satoshi Nakamoto actually has a meaning? – Is there a Translation of the Name?
The answer is: Yes, there are several Translations. You lay out the cards according to their own Gusto to see with the Intention of a connection between the CIA and Satoshi Nakamoto, the following happens:

The term Satoshi has many meanings. Among other things, Satoshi means “enlightened”, “wise” or “intelligent”. And last, but not least, Nakmoto means as much as “middle”, “base”, “root” or “central”. So Satoshi Nakamoto would be the “Central Intelligence”.
What do you think about this (absurd?) These? – Can you imagine such a connection, or are you looking at the Thesis as a completely absurd and unrealistic?
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About the author

Eve Manning

A native Texan, Eve first started out as a Finance Analyst and later realized that her true passion was not in trading but in writing. She leverages her experience in the Finance industry to analyse and write in-depth news articles covering the Cryptocurrencies, Economy & Finance industries.

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