FULL STORY: Did Jeffrey Epstein's Network Build Bitcoin?
These notes were generated by AI and may contain inaccuracies.
Bitcoin has dropped from $126,000 per coin to $67,000-$68,000, down 50% in 4 months, with expectations of further decline. Article by Diana Wallace explores Jeffrey Epstein's network building Bitcoin.
Speaker initially dismissed rumors of Epstein's involvement in Bitcoin core development but found evidence convincing. Epstein donated $850,000 to MIT between 2012 and 2017, with $525,000 going directly to MIT Media Lab's Digital Currency Initiative, central hub for Bitcoin's protocol development.
Early Bitcoin adopters were black market users avoiding tracking with formal currency. Aligns with Epstein's child trafficking activities.
In 2015, Bitcoin Foundation ran out of money; core development team moved to MIT Media Lab. Epstein's funding paid their salaries. MIT Media Lab director (frequent Epstein contact) emailed him: "This is a big win for us." Separate email thanked Epstein: "FYI, used gift funds to underwrite this which allowed us to move quickly and win this round. Thanks."
75% of Bitcoin's code (35,000 of 47,000 commits) rewritten after Epstein became de facto financial backer of core development team.
Epstein used holding companies and shell companies for ownership and equity in Blockstream Corporation. Early investor in Coinbase.
In 2014, Brock Pierce (former child actor, Tether co-founder, serial crypto entrepreneur) told Epstein his fund Blockchain Capital was investing in Coinbase's next round. Pierce needed Epstein's permission to disclose identity to founder, but not beyond. Epstein committed $3 million via shell entity IGO Company LLC. By 2018, Blockchain Capital bought out 50% of his stake for $15 million (valuing Coinbase at $4 billion), paid through Epstein's Caterpillar Trust. Coinbase now at $43 billion market cap (10x from $4 billion). Remaining 50% of original $3 million ($1.5 million) potentially worth $150 million.
Pierce met Epstein at 2010 Mind Shift Conference on Little St. James Island, a PR event post-2008 conviction. Epstein wrote fake email praising event. Through Pierce, Epstein accessed crypto world, including Steve Bannon, Winklevoss twins.
Epstein email to Bitcoin lead developer Gavin Andresen: "The idea is great. The execution as you are now aware has some serious risk."
Epstein email to developer Jeremy Rubin (2015): "One you can merely work for me salary two start a company and hire others I make an investment three do research I can easily pay for your tuition."
In 2014, Idos spent $120,000 of Epstein's money on MIT Bitcoin club run by Jeremy Rubin and Richard Nee. Used funds to gift $100 in Bitcoin to each of MIT's 45,000 undergrad students—a mass adoption event funded by Epstein.
Epstein funded Santa Fe Institute (leading center for complexity theory) since 1990. Complexity theory studies simple rules creating unpredictable systems and emergent behavior—core to Bitcoin (nodes following rules: verify transactions, solve hashes, accept longest chain, yielding decentralized system).
Bought land next to atomic bomb birthplace to recruit physicists and mathematicians for decentralized, trustless currency ideas.
Satoshi Nakamoto (Bitcoin creator pseudonym) whitepaper 2008, disappeared 2011. Epstein obsessed with cryptography, recruited hackers/cyber experts, tried attending Defcon/Black Hat, contacted post-Satoshi Bitcoin developers, funded MIT (Bitcoin's home), wanted info scrubbed from internet.
In Steve Bannon interview (DOJ files), Epstein called himself "a hermit" and "the greatest financial mind alive." Operated invisibly. Funded post-Satoshi developers, invested in companies via shells, recruited through middlemen, hid behind layers.
A man who doesn't like records built the backbone of a recordless currency.
Epstein not a coder, not Satoshi (low chance), but positioned at center: funded/organized builders.
Investor quote: "We've basically funded an elite global pedophile ring since 2015. I feel sick."
Epstein positioned at center of builders in politics, science, billionaires, and Bitcoin.
Bitcoin promised no control by banks/governments. If Epstein funded from start, it was owned by the system.
"Crypto is the perfect currency for someone like Epstein. A currency made by pedophiles for pedophiles."
Dan Pena: "If you knew who created Bitcoin, it would go to zero." Bitcoin dropped 50% from $126k to $60k lows amid revelations.
Invest in revenue-producing assets, not Bitcoin. Bitcoin $1.4 trillion market cap vs. Mag 7 (e.g., Apple): owning 100% Apple yields billions in profit yearly; 100% Bitcoin yields nothing.
After 15+ years, no adoption: no grocery/retail stores accept it. Ethereum founder notes it's speculative tradable asset. Challenge: Why so long for adoption? Without innovation, remains speculative.
Food for thought. Invest informed.
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