A number of Bitcoin services, wallets, and exchanges have been destroyed by hacking. Is the US government to blame?
One need not look too carefully to notice that Bitcoin is under attack. In addition to governments warning against using this new form of value, if not banning it outright, we see a slew of commentators, bankers, and “financial experts” disparaging the innocent cryptocurrency, heaping scorn upon any who might consider using the same. Then there are the cyber attacks themselves.
Consider the fall of once mighty Mt. Gox. According to their own “Crisis Strategy Draft,” Mt Gox was robbed over a period of years. In February it was attacked with the intention of causing meltdown, at which time the theft was discovered and Karpelès has been left holding the bag. A perfect crime.
This is not to absolve Karpelès of blame and possible charges of theft, it simply suggests that the attack was more than just opportunistic. It was well planned and expertly executed. Was it more than mere theft? It should be noted that before Mt. Gox fell to hackers, the US government tried to shut it down by seizing its assets.
November 2013 was a very busy month for the “Cyber Team 6.”
The illicit trading platform Silk Road 2 was hacked to death in November. November also saw more than 90,000 Bitcoins disappear from Silk Road clone, Sheep Marketplace. It likewise folded after the cyber attack.
Also last November, Czech bitcoin exchange Bitcash.cz was hacked. The result: 4,000 user wallets drained.
November saw the hack of Polish Bitcoin Exchange Bidextreme.pl, and the depletion of their client’s Bitcoin and Litecoin wallets.
The GBL exchange claimed to be based in Hong Kong later discovered to have been located in China, vanished in November. Whether this was the result of an attack or mere theft is not known.
December saw 21 million Dogecoins (another cryptocurrency) disappear from Dogewallet. Total loss placed at less than $13,000.
These hacked Bitcoin sites were for all intents and purposes murdered. One need only view any decent 40s murder mystery and you will discover what a detective needs to make an arrest for murder: means, motive, and opportunity.
There is no shortage of suspects having motive for the crime. Canada has made little effort to disguise the fact that it is at war with Bitcoin. Norway discourages the use of Bitcoin. Bitcoin has no friend in the Swedish government either. Socially backward Vietnam has banned Bitcoin altogether. Thailand likewise set its face against the cryptocurrency before having a change of heart. In Japan, it has no friend in the government. Russia banned its use although that may be changing.
Hardly a week goes by without the publication of another dozen new articles attacking Bitcoin. None have provided further insight into the risks of trading or keeping Bitcoin than has been stated before. Will someone please pass a message to the press? The sky is falling. We get it.
So far, the US government has done everything possible to discourage the use of Bitcoin short of an outright ban. Individual businesses have been especially targeted for harassment for using it. This is done indirectly using the federally regulated American banking – finance system.
Using the pretext of protecting the public from “money laundering,” “financial terrorism” and other hollow fear inducing buzzwords, legitimate business are being prevented from doing lawful business by this banking cabal. The incidents of financial thuggery on the part of the banks are far from isolated.
Official American opposition to Bitcoin is so strong that its effects are being felt beyond our borders. Toronto-based Bitcoin exchange Vault of Satoshi, has given up entirely on taking dollars in exchange for Bitcoin because of regulatory pressure.
Of the list of those having motive, none can match the means of the United States. American banks hate competition.
Since last August, Bitcoin has been in the US government’s cross-hairs. One insipid, intellectually vacuous American politician, Senator Joe Manchin, has not only called for the banning of the cryptocurrency, but has actually demanded it. Colorado Congressman Jared Polis responded to Manchin’s statement facetiously, calling for a ban on the US dollar for reasons similar to Manchin’s. Although Manchin has a better chance of banning Bitcoin than Polis has of banning the dollar, I’m with Polis.
The US government is so protective of the corrupt fractional reserve banking system that one man, Bernard von NotHaus, was arrested and convicted for minting an alternative currency. He was convicted of “counterfeiting,” even though the coins he minted looked nothing like the copper – zinc coins the US government mints. His coins were made of gold and silver. People liked using them instead of Federal Reserve Notes.
NotHaus was branded a “terrorist” by the US government for promoting the use of an alternative currency.
One reason for the US government’s hostility toward Bitcoin concerns taxation. The IRS hasn’t got a clue. They haven’t got a plan to even seek a clue.
Given the foregoing, proving motive is a cinch. The United States government hates Bitcoin. Does the US government feel justified in stealing BTC as part of their “war on terror?”
Means and opportunity
Few nations can match the United States for destructive capability. Whether you want to destroy an entire nation or simply kill a few people celebrating Holy matrimony or morning their dead, America stands supreme.
It may strike some as unfathomable that the US would carry out cyber attacks, but such unwillingness to consider the possibility is unrealistic. That the US engages in cyber warfare has been established. It’s no secret that the United States attacked computers in Iran and Syria. That the US uses cyber attacks to further its agendas has been confirmed.
The United States Cyber Command
From the US Army Cyber Command website:
“US CYBERCOM plans, coordinates, integrates, synchronizes, and conducts activities to: direct the operations and defense of specified Department of Defense information networks and; prepare to, and when directed, conduct full-spectrum military cyberspace operations in order to enable actions in all domains, ensure US/Allied freedom of action in cyberspace and deny the same to our adversaries.”
The Army’s cyber-assault program has not been collecting dust. One report suggests that U.S. spy agencies prosecuted more than 200 offensive cyber-operations in 2011.
An examination of the preceding facts do not prove conclusively that the United States intelligence services are responsible for the most recent spate of attacks upon the Bitcoin network. Those facts can only be tried and proven by a jury. The chances are, no jury will judge this case. The evildoers hold the all the cards in court. This does nothing to change the fact that the US government had not only the motive to murder these Bitcoin businesses, but the means and opportunity which no other suspect can muster.
It may be difficult for some Americans to believe that our government could act so callously as to ruin thousands of innocent people financially, just because they don’t want people to use it. It runs counter to our sense of right and wrong.
We live presently in the year 2014. In the 21st century, the foundation of law under-girding the American way of life has been abandoned. Laws are broken by the American government systematically. There is not much you can do about it except face it.
It cannot be denied that the US government had not only a motive for stealing millions of dollars worth of Bitcoin from the aforementioned victims, but the means and opportunity. This may not secure a conviction in 2014, but in 1944 it most certainly would have supported an indictment.
© 2014 Bitcoin Bob