Weaponized Money: Thoughts on the Creation and Control of Bitcoin

Also read: Regulations Roundup: Shenzhen Court Recognizes Bitcoin, Coinbase Lawsuit Dismissed

Government did not create bitcoin as weaponized money. The opposite is true. Crypto-anarchists constructed bitcoin to undermine and destabilize governments. The exact creator of bitcoin is unknown. The individual’s pseudonym is Satoshi Nakamoto but it could also be a group of people. No one knows.

However, we are intimately acquainted with the people who fleshed out the original blueprint for bitcoin. Cypherpunks like David Chaum, Timothy May, Eric Hughes, and Whitfield Diffie are responsible for declaring the vision for crypto. None of these people cared for governments. They were mainly anarchists who wanted to use dissident tech to uphold freedom, privacy, and anonymity.

In A Cypherpunk’s Manifesto, written in 1993, Eric Hughes said, “We the Cypherpunks are dedicated to building anonymous systems. We are defending our privacy with cryptography, with anonymous mail forwarding systems, with digital signatures, and with electronic money.”

Hughes continued: “Cypherpunks write code. We know that someone has to write software to defend privacy, and since we can’t get privacy unless we all do, we’re going to write it. We publish our code so that our fellow Cypherpunks may practice and play with it. Our code is free for all to use, worldwide. We don’t much care if you don’t approve of the software we write. We know that software can’t be destroyed and that a widely dispersed system can’t be shut down.”

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source: https://news.bitcoin.com/weaponized-money-thoughts-on-the-creation-and-control-of-bitcoin/