Before Bitcoin, there was David Chaum. Risking life in jail, the “godfather of crypto” laid the foundation that would inspire the creation of the world’s number one cryptocurrency. (Via CointelegraphZN)
Chaum is clear in his belief that “the only effective way to maintain any level of privacy is to control the information with your own keys” and goes on to explain that continuous government leaks suggest that any information entrusted with others can become public at any time.Unlike the criticism leveled at the Cypherpunks he inspired, Chaum denies being an ideologue, saying his views are based on practicality, as people need to have a credible assurance of privacy.
“Did you know that every single banknote is traced from the teller desk to the ATM machine in China?” he notes. The Chinese government has introduced the digital yuan to get a panopticon-style view of every last payment.
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