Bitcoin Creator Theory

Decades of money printing has led to a debasing of the US dollar.

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The covid stimulus pkgs are rapidly increasing the rate of money printing and diluting the value of the dollar. 30-35% of the total US money supply was printed within the last year.

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Not looking good for the value of the US Dollar and all other world currencies by extension, World currencies would fall like a house of cards if the dollar collapsed.               

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Unlike USD, btc has a fixed supply, can’t just print more of it Which means its value cant be diluted.  if the dollar collapses due to dilution this fixed supply property makes btc a potential candidate to replace the dollar as the worlds major reserve currency as well as all other currencies since they are tied to the dollar. It would work very similar to when the dollar was actually backed by gold. Bitcoin could be the gold of the technological age.

 

The btc white paper laid out two units of measurement(bitcoins and satoshis). Its weird that the satoshi unit of measurement was used because today 1 satoshi = $0.00036400 USD which makes it a useless unit of measurement.  A satoshi wouldnt be useful until it was equal to at least a penny.  1 satoshi = $0.01 means 1 bitcoin = $1 million.

 

An interesting coincidence that happens when you value a Satoshi at one dollar is this.  It’s estimated that Satoshi Nakamoto holds 1.12 million bitcoins.  At 1 Satoshi = $1 USD those 1.12 million bitcoins would be worth $112 trillion which just so happens to be very close to the latest estimates of the total US debt.

 https://www.fiscal.treasury.gov/files/reports-statements/financial-report/2019/FR-02272020(Final).pdf

 

Another interesting coincidence is that when a satoshi is valued at $1 the current total value of all available bitcoin is almost equal to the current value of all the worlds money. I put these numbers below together in Nov 2020.  Some numbers have changed since but it shows how seamlessly a transition from usd to btc could happen and solve the dilution issue at the same time.

  • Current btc supply is 18.6M

  • Stimulus pkg increased usd supply

  • The range on the derivatives is large because its hard to guage. An example of derivatives is an options contract.  The value of the contract goes up and down until its exercised or expires.  After the latest stimulus pkg it is definitely over $1 quadrillion though.

https://www.visualcapitalist.com/all-of-the-worlds-money-and-markets-in-one-visualization-2020/

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this is the best case scenario for btc and sounds unlikely but what if its not a coincidence that when 1 satoshi = $1 USD the total value of all btc would essentially equal the value of all the worlds money. What if its not a coincidence that when 1 satoshi = $1 USD all the bitcoin held by Satoshi Nakamoto would equal the current total of all US debt. What if the ridiculously small unit of measurement known as a Satoshi was chosen for reason. What if there is a method to the money printing madness seen over the last 50 years and the increase in money printing in response to the 2008 financial crisis. What if there is a method to the exponentially larger increase in money printing madness seen in response to the Covid 19 pandemic and we are witnessing a controlled demolition of the US dollar. What if bitcoin was created by an agency within the US gov as a replacement for USD in an attempt to maintain the current power structure post collapse of the dollar. What if Satoshi Nakamoto is the US gov.  Impossible to know at this point in time but consider these points…

 

What if Satoshi Nakamoto is the US gov.

  • The identity of Satoshi Nakamoto, bitcoins creator(s), is unknown

 

What if bitcoin was created by an agency within the US gov as a replacement for USD in an attempt to maintain the current power structure post collapse of the dollar.

  • The power of the US gov and by extension other major world governments is derived from the almighty US dollar.  If the dollar collapses without a suitable replacement ready to take its place a power vacuum would occur the could potentially topple the current power structure.  The people at the top of the power structure didn’t get there by accident.  They are calculated, intelligent people who are always thinking 5 moves ahead so its hard to believe the rapidly devaluing the US dollar caused by money printing would catch them off guard.  Its logical to assume that they would have a plan to replace the dollar in an attempt to maintain their position at the top of the power structure.

 

What if there is a method to the money printing madness over the last 50 years and the increase in money printing due to the 2008 financial crisis.

  • The money printing has been increasing since Americas favorite crook president, Nixon, took the US off the gold standard but it increased substantially in response to the 2008 financial crisis.

 

What if there is a method to the exponentially larger increase in money printing madness seen in response to Covid and we are witnessing a controlled demolition of the US dollar.

  • 30-35% of the total US money supply was printed within the last year.

  • The public was told that the invention of bitcoin during the 2008 financial crisis.

  • Here is a quote from Satoshi Nakamoto about why bitcoin was invented…“The root problem with conventional currency is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust,”

 

Is bitcoin the plan for maintaining the current power structure after a controlled demo of USD?  Its a wild idea but it’s happened before…

  • During the second half of the 20th century the world started to become more and more connected due to migration, advances in communications tech, and more cost efficient transportation. Information was beginning to flow more freely.  Since knowledge is power free flowing knowledge is a threat to the stability of the power structure and so the power structure made a plan. That plan was the internet. Created in 1966 under the Department of Defense( https://en.wikipedia.org/wiki/ARPANET ) the internet was a tool to funnel the transaction of information into a medium that can be easily monitored for the purpose of censoring information deemed threatening to the power structure.( https://en.wikipedia.org/wiki/PRISM_(surveillance_program) )  Bitcoin could be used to maintain control over the transaction of value like the internet maintained control over the transaction of information.

 

  • In order to strengthen the security of the bitcoin blockchain bitcoin has to be transacted. So if a gov agency did invent bitcoin to replace the dollar they would have had a problem, how would they get those necessary transactions early on needed to strengthen the blockchain without drawing too much mainstream attention to bitcoin?  Maybe use it in black market transactions on an anonymous network( https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3621344 ) also invented by a gov agency, the NSA.  https://en.wikipedia.org/wiki/Tor_(anonymity_network)

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