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.
Farina specifically attributes the creation of Bitcoin to the National Security Agency (NSA) and asserts that XRP represents a more refined evolution of blockchain technology. Below, we examine his key points.
The creators of BTC also created $XRP.
The CIA & NSA deployed BTC to prevent foreign powers from developing similar tech that would dominate digital payments, and make billions.
“Satoshi Nakamoto” is an organization. pic.twitter.com/rxtIWN1HZE
— EDO FARINA 🅧 XRP (@edward_farina) December 26, 2024
Bitcoin’s Alleged Government Origins
Farina argues that Bitcoin was created by the NSA as a “beta test coin”. According to his theory, the pseudonymous “Satoshi Nakamoto” is not an individual but rather an organization linked to intelligence agencies.
Farina posits that the major reason for creating Bitcoin was to monitor and control global financial transactions, serving as a precursor to central bank digital currencies (CBDCs).
He also highlights Bitcoin’s limitations as a functional currency, emphasizing issues such as high fees, slow transaction speeds, and the reliance on secondary solutions like the Lightning Network to facilitate smaller transactions. Farina concludes that these shortcomings render Bitcoin unsuitable for widespread financial adoption, particularly for CBDCs.
XRP as Bitcoin 2.0
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. Farina highlights XRP’s speed, low transaction costs, and ability to handle large-scale financial transactions as key advantages over Bitcoin.
He further argues that XRP is uniquely positioned to become the backbone of the global financial system, particularly in the context of CBDCs. Farina asserts that XRP’s regulatory compliance and technical capabilities make it the only digital asset capable of dethroning Bitcoin and facilitating instant, large-scale value transfers.
Implications for the Financial System
Farina suggests that blockchain technology, including Bitcoin and XRP, is fundamentally aimed at 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 represent the “final product” intended to integrate seamlessly into a revamped global financial system.
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Farina also stresses the importance of early adoption. He advises individuals to invest in XRP and other promising digital assets, positioning them as key components of the future financial landscape.
He predicts that XRP holders will benefit from opportunities such as lending their holdings to financial institutions and earning yields without selling their assets.
Controversial Assertions and Public Reaction
Farina’s claims have drawn criticism and skepticism from many within the cryptocurrency community. While the idea of government involvement in Bitcoin’s creation has been discussed in conspiracy theories, there is no concrete evidence for this narrative.
While XRP’s capabilities are well-documented, the assertion that it was designed by the same people behind Bitcoin lacks credibility.
Farina’s assertions raise important questions about the transparency and governance of blockchain technologies. Regardless of whether his claims hold merit, they underscore the need for continued scrutiny and debate within the cryptocurrency space.
Disclaimer: 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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