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Cryptocurrency News Articles

Edo Farina Attributes Bitcoin (BTC) and XRP Origins to the National Security Agency (NSA), Sparking Debate

Dec 28, 2024 at 04:25 pm

Edo Farina, CEO of Alpha Lions Academy, recently claimed that the same entities behind Bitcoin (BTC) also created XRP. His assertions have sparked significant debate, as they challenge widely accepted narratives about the origins of these digital assets.

Edo Farina Attributes Bitcoin (BTC) and XRP Origins to the National Security Agency (NSA), Sparking Debate

Edo Farina, the CEO of Alpha Lions Academy, recently made a bold claim on Twitter, suggesting that the same entities responsible for creating Bitcoin (BTC) were also involved in XRP's creation.

Farina’s assertions sparked significant debate and discussion online, as they challenge widely accepted narratives about the origins of these digital assets. Below, we examine his key points and unpack the broader context surrounding this topic.

Farina’s Key Points:

The creators of Bitcoin are also responsible for creating XRP.

The CIA and NSA deployed Bitcoin to prevent foreign powers from developing similar technologies that could dominate digital payments and generate massive profits.

“Satoshi Nakamoto” is not an individual but rather an organization.

Farina’s claims specifically attribute the creation of Bitcoin to the National Security Agency (NSA), framing it as a “beta test coin” designed to gauge the potential and challenges associated with blockchain technology.

According to his theory, the true identity behind the pseudonymous “Satoshi Nakamoto” is not a single person but rather an organization with ties to intelligence agencies.

Farina suggests that the major driving force behind Bitcoin’s creation was to monitor and control global financial transactions, ultimately serving as a precursor to central bank digital currencies (CBDCs).

Highlighting Bitcoin’s limitations as a functional currency, Farina points out its high fees, slow transaction speeds, and reliance on secondary solutions like the Lightning Network to facilitate smaller transactions.

He argues that these shortcomings render Bitcoin unsuitable for widespread financial adoption, especially in the context of CBDCs.

Countering this narrative, Farina claims that XRP was designed to address Bitcoin’s inefficiencies, describing it as “Bitcoin 2.0.” He credits XRP's co-creators—David Schwartz, Jed McCaleb, and Arthur Brito—with building a more practical and scalable blockchain solution.

Highlighting XRP’s speed, low transaction costs, and ability to handle large-scale financial transactions, Farina positions XRP as the superior choice for a global digital asset.

Farina further argues that XRP is uniquely positioned to become the backbone of the global financial system, especially in the context of CBDCs. According to him, XRP’s regulatory compliance and technical capabilities make it the only digital asset that can dethrone Bitcoin and facilitate instant, large-scale value transfers.

Farina suggests that blockchain technology, including Bitcoin and XRP, is ultimately geared toward enabling CBDCs. He dismisses the notion that Bitcoin was created to undermine traditional financial systems, framing it instead as a government-controlled experiment.

In his view, XRP and similar assets like it are the “final product” intended to integrate seamlessly into a revamped global financial system.

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Farina also emphasizes the importance of early adoption in the cryptocurrency space. He advises individuals to invest in XRP and other promising digital assets, positioning them as key components of the future financial landscape.

Advising readers to conduct their own research, Farina predicts that early XRP holders will have opportunities like lending their holdings to financial institutions and earning yields without selling their assets.

This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion.

Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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