What If Bitcoin Was Built By The Government?

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The United States subprime mortgage market in 2007 and 2008 almost led to the collapse of the entire global banking system and prompted The Great Recession. Financial goliaths from the investment world like the Lehman Brothers, Merrill Lynch, and Bear Stearns crumbled under the pressure. Bear Stearns was sold to JP Morgan, Merrill Lynch survived through a merger with Bank of America, while the Lehman Brothers were wiped off the face of the earth.

In the fall of 2008, the G20 Summit held focused directly on the financial crisis, and among other things, a transformation of the monetary system was a topic of discussion. G20 is a group consisting of world leaders from 19 different countries and the European Union who work together to address economic issues impacting the global community.

Coincidentally, in the months following the G20 Summit, in 2009, a mysterious person or group using the pseudonym Satoshi Nakamoto released the Bitcoin whitepaper into the wild via a cypherpunk mailing list and published the open-source code on SourceForge. Could this unusual circumstance related to timing and the G20 Summit's ambitions suggest that Bitcoin was built by the government? Let's take a look at this compelling conspiracy theory.

Most people have heard of the Bretton Woods monetary system created in 1945 and its historical impact. Many also are familiar with the Jamaican Accords that ratified the end of the Bretton Woods agreement based on recommendations from the International Monetary Fund. However, few people know that before the Bretton Woods agreement, there were the Genoa and Paris currency systems.

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