Transparency in Crypto Space – What If

IMO, a strength and weakness of Bitcoin is that its founder is anonymous. On one hand, it’s key to the narrative of decentralization and equality well, but on the other, it is a huge risk.

My “what if” question is this: What if Bitcoin is a wolf in sheep’s clothing? What if China or another rising power created it to build instability in the US Dollar? What if its founder was a major criminal involved with human trafficking or genocide? I have no reason to believe this but also am wary of blind faith in an anonymous and clearly very cunning individual/entity.

A single headline to this effect (if true) could wreck Bitcoin still. There is a tremendous amount of faith in Satoshi Nakamoto to have done this for good purposes. Playing devil’s advocate a bit here but hoping to hear how you are comfortable investing with this fact.

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4 thoughts on “Transparency in Crypto Space – What If”

  1. I’m not a fan of adding layers of judgements on products of any kind. Just because the creator might be a shady individual, I still can value their output. This works for me with music by Michael Jackson, and it would work with Bitcoin as well.

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  2. Every time you play the what if game you’ll probably end up in a bad place. DYOR on the tech and judge if the tech is actually useful as a tool for humanity.

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  3. What if Satoshi colluded with aliens as part of a plan to take over the world? Instead of using spaceships, they decided to use internet money to really really slowly grind down the worth of a dollar mwah ha ha! Take that Earthlings.

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