Cryptocurrency: Hal Finney, Crypto Based Economies... Will Keep Growing
Economies based entirely upon crypto are growing rapidly, Agorist, Voluntaryism, Libertarian, AnCap, Charitable, Communal, Social, Personal and Financial Sovereignty, Privacy, Entire communities and even Nations now... Humanity adopting Freedom via Crypto... https://thebitcoinmanual.com/articles/btc-circular-economies/ This was forseen and intended by the cypherpunks, from back then, through today, and will continue to be onward... From: Hal <74076.1041@CompuServe.COM> Date: Sun, 15 Nov 92 17:37:40 PST To: CYPHERPUNKS <CYPHERPUNKS@TOAD.COM> Subject: Why remailers... Tim mentioned that not many people on the list have expressed interest in the remailers, and it occurs to me that maybe people don't all share the vision of why this crypto technology is important. I'm trying to recall how I learned about the possibilities of this technology. I recall reading "True Names" a few years ago. Vinge had his netters exchanging mail anonymously. The hero downloaded a big batch of messages from a BBS and tried decrypting all of them to see which were for him. Okay, I thought, that would be a way of disguising which messages you were _receiving_. Then Vinge said something like "and using more elaborate techniques, the sender of a message could be hidden as well." Hold on, I thought. That will never work. If they tap your line, they're going to know exactly what messages you're sending. Too bad. Vinge had a clever idea going, but it's flawed. I only learned about Chaum's crypto stuff last year. Somebody on the Extropians list mentioned PGP, and I'd always had a casual interest in crypto, so I downloaded it and played with it some. I thought it was great and really got into it in a big way. This got me interested in crypto in general, so I started doing some library research. When I found Chaum's stuff, it just blew me away. The first article I found, I think, was his CACM paper which is an overview of many of the things that are possible. I started trying to track down other papers by Chaum. Here were all the technologies needed to make Vinge's world work, technologies which Vinge apparently knew about long before I did. It seemed so obvious to me. Here we are faced with the problems of loss of privacy, creeping computerization, massive databases, more centralization - and Chaum offers a completely different direction to go in, one which puts power into the hands of individuals rather than governments and corporations. The computer can be used as a tool to liberate and protect people, rather than to control them. Unlike the world of today, where people are more or less at the mercy of credit agencies, large corporations, and governments, Chaum's approach balances power between individuals and organizations. Both kinds of groups are protected against fraud and mistreatment by the other. Naturally, in today's society, with power allocated so disproportionately, such ideas are a threat to large organizations. Balancing power would mean a net loss of power for them. So no institution is going to pick up and champion Chaum's ideas. It's going to have to be a grass-roots activity, one in which individuals first learn of how much power they can have, and then demand it. Where do the remailers fit in? They represent the "ground floor" of this house of ideas - the ability to exchange messages privately, without revealing our true identities. In this way we can engage in transactions, show credentials, and make deals, without government or corporate databases tracking our every move as they can today. Only by securing the ability to communicate privately and anonymously can we take the next steps towards a world in which we each have true ownership and control over information about our lives. Chaum's ACM paper is titled, provocatively, "Security Without Identification - Transaction Systems to Make Big Brother Obsolete." The work we are doing here, broadly speaking, is dedicated to this goal of making Big Brother obsolete. It's important work. If things work out well, we may be able to look back and see that it was the most important work we have ever done. Hal Finney 74076.1041@compuserve.com
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