One of Bitcoin’s oldest conspiracy theories suggests a three-letter agency was behind its creation. While this would not change Bitcoin’s fundamental properties, the theory deserves scrutiny.
A close examination of the events leading up to Bitcoin’s launch and the digital artifacts from that period overwhelmingly points to Satoshi acting alone. The launch was chaotic, with nearly everything that could go wrong doing so. These failures paint a picture of an independent creator improvising through adversity, not a coordinated government operation.
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