Latest / Simply Bitcoin / Was Bitcoin Created by the CIA?! | Bitcoin Simply

Transcript

Was Bitcoin Created by the CIA?! | Bitcoin Simply · Simply Bitcoin

• 0:00
  There's rumors floating out there that Bitcoin was created
• 0:02
  by the CIA, you know. The 1st paper on crypto was
• 0:05
  written by three NSA guys. In in recent interviews,
• 0:07
  high-ranking officials in the CIA say that they're excited
• 0:11
  about Bitcoin. CIA thinking about.
• 0:12
  Bitcoin, well, just just like law enforcement, I guess, you
• 0:15
  know, we are excited as well because you know, you know,
• 0:20
  people may have thought Bitcoin was anonymous, but I'd say it's,
• 0:23
  it's pseudonymous, right? It's not truly anonymous.
• 0:26
  OK, I bet you're probably freaking out right now.
• 0:29
  Is Bitcoin just a smaller controlled experiment by the
• 0:31
  elites to suck in all of our money and then use it to fund
• 0:34
  their own authoritarian regime? The elites won't truly let a new
• 0:38
  monetary system take over, will they?
• 0:41
  Let's start to explore this topic today.
• 0:42
  This is Dante Cook with Bitcoin. Simply, let's go.
• 0:49
  I want to start this video out with a broad comment about the
• 0:51
  talking heads who always point out the fact that cryptography
• 0:55
  was created by the NSA in the CIA, which means somehow they
• 0:59
  will shut it down. Not everything that's said by
• 1:02
  every person is actually true. I don't think so.
• 1:05
  The crypto committee, I am their number one target.
• 1:08
  They say you are a hodler and I won't buy it.
• 1:12
  The reason is because I believe that several layers 1 is that I
• 1:17
  believe that that the authorities are not going to let
• 1:20
  crypto take over. Of course not.
• 1:23
  And and by the way, that means that they're.
• 1:24
  Going to lose total control over society, yeah, I don't think.
• 1:27
  So you think the Rockefellers, the Rothschilds are going to
• 1:29
  hand it over to Max Keiser and Michael Saylor?
• 1:31
  I don't think so. Well.
• 1:33
  You don't. You don't think there's what?
• 1:35
  I think it actually is. You know, the 1st paper on
• 1:37
  crypto was written by three NSA guys.
• 1:39
  Yeah, that means I think if I were smart and I were going to
• 1:44
  bring in central bank digital currency, which is an
• 1:47
  authoritarian nightmare, I would do it the way they did.
• 1:52
  I'd release the crypto, I'd have guys pumping it, I'd have guys
• 1:56
  supporting it. I'd let them debug the networks
• 1:59
  and the kinks and the and acclimate people to it.
• 2:02
  And then I'd say, OK, it was fun, we'll take it from here.
• 2:07
  And in the process, of course, you acclimate people to this new
• 2:10
  digital or new kind of commerce. Yeah, exactly.
• 2:12
  Let me start with a foundational concept as to why this is
• 2:16
  patently false. Was mathematics created by
• 2:19
  authoritarian governments and central bankers, or did it
• 2:22
  predate them all together? The mathematics is simple.
• 2:24
  It's not within the jurisdiction of the United States government.
• 2:28
  Mathematics is simply language put around universal truths that
• 2:32
  we've codified in order for us to help make sense of the world
• 2:35
  and how it actually works. The network is simply code that
• 2:40
  we've written in order to help us make sense of money.
• 2:42
  A monetary technology that requires proof of work without a
• 2:45
  central party in between that allows multiple parties to
• 2:49
  transact value on the Internet. It's openly free for anyone and
• 2:52
  everyone to see. Yes, even the government.
• 2:55
  The purpose of cryptography in the 1st place was that it was
• 2:58
  public defense, military grade defense.
• 3:01
  That's embedded into the fabric of everything that we do today.
• 3:04
  It protects the payment information that flows every
• 3:07
  single every time you make a transaction, every e-mail that
• 3:09
  you send, every website that you log into with your password.
• 3:12
  This isn't magical. It's not just cryptography that
• 3:14
  protects people from stealing your password, from deflating
• 3:17
  away Fiat currencies, and allows us to save our value that we've
• 3:21
  worked hard for. The idea that certain kinds of
• 3:23
  compute, like Bitcoin mining versus cat AI generators, are
• 3:28
  somehow worse than others is going by the wayside.
• 3:31
  Code is code and language is language.
• 3:33
  We all have access to it, and none of it in its original form
• 3:36
  and intent, is malicious. the US Justice Department even believes
• 3:40
  so. It says that it won't target
• 3:42
  large software developers who create decentralized crypto
• 3:46
  platforms without criminal intent.
• 3:47
  And this is a major shift in an enforcement approach.
• 3:50
  Writing code isn't a crime, according to the new Attorney
• 3:53
  general. The CIA says that they
• 3:55
  understand Bitcoin, and they need to understand it more and
• 3:58
  more. They need to use it as a weapon
• 4:00
  or as a tool against their adversaries 1.
• 4:02
  Of the things I always am shocked by is people talk about
• 4:05
  it as a tool for the bad people, but also it could be a tool for
• 4:09
  the good people as well, right? And so whether it's Bitcoin or
• 4:12
  stable coins or anything else, you know, CIA has a lot of
• 4:15
  payments probably that are going all over the world, as do many
• 4:18
  large organizations. And so is that how you guys kind
• 4:21
  of use as a framework for all of technology is like it can be a
• 4:23
  tool or it can be a weapon against us and we want to be
• 4:26
  good at using it, but also understand how our enemies are
• 4:28
  using it against us? Yeah.
• 4:29
  I mean, I mentioned that we use, we use technology as a tool,
• 4:32
  right? And Bitcoin and other crypto
• 4:34
  currencies are another tool in the toolbox.
• 4:38
  It's also a target, right? So it's something we can use to,
• 4:40
  we can, we can disrupt our adversaries, use use of it, and
• 4:44
  we can use these technologies to collect more intelligence to
• 4:49
  gather more information about them.
• 4:50
  So, yeah, I, I think, you know, in that respect, Bitcoin is
• 4:53
  actually very similar to other sort of advanced technologies
• 4:56
  and one that we have to that we have to prioritize.
• 4:59
  And again, it goes back to there's a little bit of a
• 5:01
  generational shift in the cultural shift going on that
• 5:03
  Director Ratcliffe and I are are leading the way on it CIA right
• 5:05
  now. You know, not everyone in the
• 5:09
  government is has his attitudes around new technologies, right?
• 5:13
  People are trapped in older mindset.
• 5:15
  Sometimes we have to breakthrough that and realize,
• 5:17
  you know, this isn't just take this idea that cryptocurrency is
• 5:20
  for people something to hide. That's not.
• 5:22
  It's just it's. Just not right.
• 5:23
  It's a protocol for money. No different than
• 5:25
  Https://hypertext Transfer Protocol Service, SMTP, the
• 5:29
  Simple Mail Transfer Protocol service, or any other protocol
• 5:32
  that we use every single day. They allow us to transmit
• 5:35
  information without a central party in between.
• 5:37
  Point in case Jack Dorsey creating Bit Chat, a mesh
• 5:40
  network that leverages cryptography to allow people to
• 5:43
  send messages anonymously between one another via
• 5:46
  Bluetooth. The same protocols and relays
• 5:48
  that allow us to create wallets and share information about the
• 5:52
  blockchain or information stored on the blockchain are also
• 5:55
  valuable in communication. The government isn't anti
• 5:58
  Bitcoin and the government isn't anti freedom.
• 6:01
  It recognizes the need for freedom, especially in the
• 6:03
  United States. And Bitcoin is one of the
• 6:06
  greatest hopes that we have in order to cement ourselves with
• 6:09
  the tools and technology to guard against an authoritarian
• 6:12
  regime that was mentioned earlier.
• 6:14
  We got a new poll and it shows 25% of Republican men do invest
• 6:19
  in crypto. 16% of Democrat men invest in crypto.
• 6:24
  Why that's? Interesting is it?
• 6:26
  Why does crypto appeal to men? Conservative men.
• 6:31
  Well, the interesting thing there is why does it appeal to
• 6:36
  Republicans more than Democrats? It's freedom.
• 6:39
  Money. That's why a person can be truly
• 6:43
  a sovereign individual. If they own Bitcoin, it is
• 6:46
  digital gold. They can transact with people
• 6:49
  all over the world. It's very important.
• 6:53
  If you're in a country with a corrupt government such as
• 6:56
  Venezuela, you can transact around the world in Bitcoin
• 7:01
  without your government's involvement.
• 7:04
  So I get why Republicans in particular are more bought into
• 7:12
  the notion of Bitcoin and digital assets.
• 7:16
  Why men and not women? That one I can't answer.
• 7:20
  I'm certainly of a mind to believe that digital assets are
• 7:26
  going to make life better. It's going to make it easier to
• 7:30
  transact, faster and cheaper. And usually women who are in
• 7:35
  charge of the House checkbook want to do things faster and
• 7:39
  cheaper. So I want to encourage other
• 7:42
  women look at digital assets. Bitcoin is money that can't be
• 7:47
  stopped saying you can stop Bitcoin is like saying you can
• 7:49
  stop the Internet or e-mail That piece of fud has sailed a long
• 7:53
  time ago The network will continue to operate whether the
• 7:56
  United States government says that it can or it will or not
• 7:59
  There are no back doors for the CIA to get in and to disrupt the
• 8:03
  blockchain. TikTok next block before we go
• 8:05
  any further, let's go to our sponsors.
• 8:07
  Lenin is been the leader in Bitcoin back loans since 2018,
• 8:11
  and they allow you to unlock liquidity in your Bitcoin
• 8:13
  without selling your Bitcoin. Just like you don't sell your
• 8:16
  home. You borrow from your home using
• 8:18
  a home equity line of credit. Think of this as an equity line
• 8:21
  of credit from your Bitcoin, which is continue to go up in
• 8:24
  value every single year, making the money that you borrow
• 8:27
  against it be less and less against the value of the hard
• 8:30
  asset. Get started by going to learn
• 8:33
  dot letting dot IO. The application process takes
• 8:35
  just two minutes and you can get your account funded and less
• 8:38
  than six hours. The process is fast, simple,
• 8:40
  seamless and transparent. And that's why they have over
• 8:42
  1005 star customer reviews. Go to learn dot letting dot AO
• 8:46
  slash simply to get started. Another way that you can protect
• 8:49
  your Bitcoin and do so privately, anonymously, not just
• 8:52
  pseudonymously, is by learning how to take self custody of your
• 8:56
  Bitcoin the right way and properly.
• 8:58
  And there are proven ways that you can do this.
• 9:01
  But you can't just go at it alone.
• 9:02
  You need to get a coach. So go to
• 9:04
  thebitcoinway.com/simply Bitcoin to schedule a free 30 minute
• 9:07
  consultation with or 13. The government is not only
• 9:10
  actively recognizing the importance of it, they're
• 9:12
  actively allowing us to try to get our money in more ways that
• 9:16
  we can get our money into buying more and more of it.
• 9:18
  Like $60 trillion worth of assets that are in 4 O1 KS that
• 9:22
  can soon start to flow into Bitcoin.
• 9:24
  Bitcoin, let's hit that before I let you run.
• 9:26
  I mean, what do you make of it? It it topped what, 1120 or so?
• 9:31
  And then it's been pulling back of late.
• 9:33
  Now maybe that's correlated to growth and momentum and a little
• 9:38
  rollover as we've seen it there. Do you think that is the case
• 9:42
  and what is your outlook from here?
• 9:45
  I do think there's some correlation there.
• 9:47
  I think a lot of it has to do with Secretary Besson's
• 9:49
  interview on Thursday when he said the US wouldn't be buying
• 9:53
  Bitcoin or wasn't planning on in the near term.
• 9:55
  And then he later tried to lock that back to the social media
• 9:58
  and said he would do it and they would explore budget neutral
• 10:00
  ways to do it. But I think sellers are missing
• 10:03
  the forest for the trees here. If you look at two days before
• 10:05
  that interview, the Fed actually ended their supervisory program
• 10:08
  on novel activities, which effectively means crypto banks.
• 10:13
  And then a week prior to that, President Trump signed an
• 10:15
  executive order directing the Department of Labor to rescind
• 10:17
  prior guidance that effectively kept everyone in retirement
• 10:20
  plans out of digital assets. That's there's still legislative
• 10:25
  work that needs to be done there, but that's massive news.
• 10:27
  So there are 60 trillion worth of assets globally in retirement
• 10:31
  accounts with 0 allocation right now to digital assets.
• 10:35
  Every 1% allocation from that 60 trillion adds $30,000 to
• 10:40
  Bitcoin's price. And so from my perspective, a 2%
• 10:43
  allocation would be conservative when you consider that all of
• 10:47
  those assets are currently in a monetary framework whose
• 10:52
  authorities have told you they want to depreciate it by 2% a
• 10:55
  year. So why wouldn't those accounts
• 10:57
  take 2% of everything denominated in melting ice cube
• 11:00
  and sticking in another protocol altogether?
• 11:02
  So yeah, again, that would just that alone would take us to
• 11:04
  Bitcoin AT175K or up more than 50% from here.
• 11:09
  We still think we are incredibly early.
• 11:11
  We're still seeing early signs of institutional adoption.
• 11:14
  You look at Norgis, the world's largest southern wealth fund,
• 11:18
  almost 2 trillion in assets, has been increasing its exposure to
• 11:22
  Bitcoin digital assets. It's still a rounding error for
• 11:25
  them. But when the world's largest
• 11:27
  sovereign wealth fund, the world's largest endowment in
• 11:29
  Harvard is now buying Bitcoin starts to do it, that opens up
• 11:33
  the door for all the other relevant parties, other
• 11:36
  endowments, other sovereign wealth funds to do this in a, in
• 11:39
  a very interesting way. So, you know, we think we're
• 11:42
  very early and the dominoes falling.
• 11:43
  Most of the world has 0 allocation digital assets still,
• 11:46
  and we think there's a very long roadway ahead of us all.
• 11:48
  Right. We'll we'll see you soon.
• 11:50
  And as more and more people put a percentage of their paycheck
• 11:53
  into Bitcoin every week or every two weeks, well, the supply or
• 11:57
  the available supply of this scarce asset is going to
• 11:59
  continue to shrink. 95% of the total supply of Bitcoin will be
• 12:03
  up this year and 99% in 10 years after that.
• 12:07
  And This is why people like Michael Saylor believe that
• 12:09
  Bitcoin is always on sale. If you believe the dollar will
• 12:12
  continue to slide, and if you believe that we need a digital
• 12:16
  technology against our adversaries, then what better
• 12:19
  technology is there against the largest, most decentralized,
• 12:22
  most powerful encrypted computer technology in the world?
• 12:26
  In Bitcoin, which we so far have the largest head start with, the
• 12:30
  world is going to be built on Bitcoin technology.
• 12:32
  If you're looking for looking for solutions in a world where
• 12:35
  dollar dominance slides, our adversaries aren't holding
• 12:39
  treasuries like they used to. Maybe the rest of the world has
• 12:42
  decided that they don't. They want to de risk a little
• 12:44
  bit from their US holdings and don't want to have their
• 12:46
  national wealth stored in a bank in New York City.
• 12:48
  What are the options? And this is what the kinds of
• 12:50
  things say we'll think about what are the options.
• 12:52
  Where could these where these actors go?
• 12:54
  Where do we go? It coins a natural Bitcoin is a
• 12:57
  natural is a natural option. It's digital.
• 13:01
  It fits in the modern world. You can self custody it it's
• 13:04
  it's permissionless. These are the sorts of things
• 13:06
  when you when you when you sort of game out and red team, where
• 13:09
  will the world go? Or for example, how do we
• 13:11
  compete with with China, right, which is building their sort of
• 13:14
  parallel system in the world. What are our options for
• 13:17
  building a A Building a backdrop?
• 13:21
  Building a set of options to deal with that Bitcoin's A?
• 13:24
  Natural option I know what technology I'm investing my time
• 13:26
  and money into. How about you.
• 13:28
  One of the ways that you can invest into your Bitcoin journey
• 13:31
  is by continuing to learn more and more about the network, not
• 13:34
  just whether the CIA built the Bitcoin protocol or not
• 13:37
  Unlikely. You can also learn about the
• 13:39
  machines and the hardware and the miners that are the
• 13:42
  accountants of the network by coming down to the largest
• 13:45
  Bitcoin mining Expo in the world at Mining Disrupt happening in
• 13:49
  Dallas, TX from November 11th through November 13th.
• 13:51
  Get 20% off your ticket by using the promo code Simply Bitcoin.
• 13:55
  This is Don say Cook with Bitcoin.
• 13:56
  Simply happy sacking and have a great week.