Damus
Lyn Alden profile picture
Lyn Alden
@LynAlden
Most people who I know that think the CIA invented bitcoin, are not very familiar with the pre-history of Bitcoin including work by Back, Szabo, Finney, etc.

I'm not saying that certainly no intelligence agency created Bitcoin, but rather, I'm very skeptical of the certainty that many people have around that topic.

Because, when you are somewhat familiar with that pre-history and look at it from an engineering perspective, you can clearly see the pieces gradually falling into place. In the1980s there was work by Chaum about how to build a database run by mutually suspicious entities. In the 1990s there was work by Back for proof-of-work. As things moved into the 2000s, there was Szabo's Bit Gold, which is very similar to what Bitcoin ended up being, and Finney's Reusable Proof of Work "RPOW" tokens. Finney hadn't solved the centralization issue, and Szabo hadn't solved the issue of better computation causing supply inflation over time, but they were collectively within shooting range of the solution. Others as well. Meanwhile global bandwidth was getting better, encryption in general was getting better (and there we've got an actual intelligence agency contribution), etc.

And then Satoshi added to that work, including the difficulty adjustment in particular and many other details, with a full implementation.

Basically, if someone thinks that Bitcoin just kind of magically came out of nowhere, then it's pretty easy to see how they'd be inclined toward a conspiratorial assumption.

However, if one sees that, just like any other industry, there was a series of engineers building on each others' work until someone finally got it over the line, then it looks a lot more organic.
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siggy47 · 85w
Great summary, as usual. Reading The Genesis Book really drives home this point.
Bobby Apple · 85w
That’s pretty cool that you can read my mind since I just started to go down that rabbit hole. You just saved me countless hours of clicking nefarious links and starting a crazy person wall with clippings and thread
BTC_Alpina · 85w
Lyn, you have such an eloquent way to simplify and consolidate such dense topics with logic. Thank you for all you do in our space!
r4f4 · 85w
Accumulative innovation, as happened with others breakthroughs (planes, cars, …). I believe humanity discovered Bitcoin instead of invented. Sooner or later, Bitcoin would emerge. It was inevitable.
brito · 85w
You weren't there. You weren't at the BBS You weren't at the IRC channels You weren't even at the forums At that time, only government related people from the west or malware writers literally from Russia had interest in crypto. So was that case with Dave Kleiman. He died worried sick that he'd b...
Seinz Fiction · 85w
You‘re absolutely right. Reading the Genesis Book from Aaron van Wildrum shows the history and envolvement of the technologies building Bitcoin‘s foundation in a great way. https://m.primal.net/Jmfj.jpg
Smiffy · 85w
This is how this note looks like when I copy pasta it on Twittex https://image.nostr.build/9c67bb1ddb69a9bde1c1729fac8486e70c3264621fa444477c896ae441d0f6a1.jpg
imnuso · 85w
Believing the CIA invented bitcoin is coverted statism. It’s ‘muh roads’ all over again.
jo 🇺🇸 · 85w
https://m.primal.net/Jmix.jpg
+☉nepiX · 85w
3 letter agency $heeple vs #Bitcoin (N0 ₿ackd00rs 4 15 yrs) https://m.primal.net/JmjH.webp
₿jarni ⚡iggi · 85w
Great post! Also liked this YT Video about similar topic, by Bitcoin University. https://youtu.be/uSbE67K2NeE?si=hzcgqVAsp6PSwKyL
ByGawdd · 85w
Miyamoto Musashi Satoshi Nakamoto..... Satoshi flipped the suffix and was heavily influenced by "The Dokkodo" ... "21 precepts of life"/21 million bitcoin (not arbitrary...paid homage) "Dokkodo was largely composed on the occasion of Musashi giving away his possessions in preposition for deat...
Rusty · 85w
Reading The Genesis Book solves this right quick.
BR Bitcoinapolis · 85w
https://m.primal.net/JmqV.webp Pretty good graphic of the History of the Bitcoin Timechain
Fotoart · 85w
No one actually invents something... but rather, brings together different ideas into a new one.
The Epic · 85w
Guess I'm going to read the Genesis Book thanks to this note and those who have replied. I suppose I ought to brush up on some history.
Auggie Ippolito · 85w
beautiful lyn... needed to be said given the latest gossip
Rawhide npub1qndtaqsz48zs2w97h68t6zr80g24rxvwnsxdk8s3h2lpzqttf9jsg4ymma · 85w
Correct, knowing a little about the history and early honest attempts to solve for limits on freedom and the encroachment on privacy that motivated exactly the names you mention along with others is the plausible and organic answer. Thank you. I am delighted that you are contributing so regularly t...
LogicallyMinded · 85w
The intelligence agencies didn’t invent Bitcoin. Most people believing this refer to a paper on electronic currencies from the NSA that predates Bitcoin. However, they certainly have infiltrated its community to some extent with some narratives and assets.
spiderlegs · 85w
You absolutely nailed it!
Shashue 🌳🛖⛰️ · 85w
The following is personal opinion and backed by nothing but my personal experience. With respect to modern age/recent tech, the fed does NOT innovate, but the fed often funds those that do innovate. Did Satoshi have a day, paid job and bitcoin was his side project?! Or was bitcoin his day job and fu...
Tardoc · 85w
Hey Lyn, I just want you to know how much I appreciate your writing. I am not a great reader, however, I am able to read your work and be captivated enough to not only comprehend your message but to also be able to assimilate the information in such a way that I can explain it to others days or week...
Crostox · 85w
Whoever invented it doesn't matter, the code is open source and anyone can have a look at it. There are no backdoors
SATSMAN · 85w
🎯🍻
Slamboogie88 · 79w
Thx for sharing. Good read.
R · 79w
But without the scary CIA boogeyman we might not get to live in fear. 😱