Garry Kasparov, the world’s most famous Russian chess master, supports Bitcoin (BTC) as a means to fight human rights violations. He faced off against IBM’s “Deep Blue” supercomputer, where he says that Bitcoin, crypto, and blockchain technologies are the solutions to the demand for privacy in financial markets.
On July 23, it has been reported in an interview with Forbes contributor Roger Huang that Kasparov said he saw many upsides to cryptocurrencies. According to him, they give individuals more control over their money, which is usually regulated “either by the state, corporations, or outside parties.”
However, Kasparov said:
“The good thing about Bitcoin is that you know exactly the number — the magic number of 21 million. But when you look at the other side, the Fed for instance, you never know how many trillions of dollars will appear on the market tomorrow that will damage your savings.”
Kasparov is a chair of the Human Rights Foundation, a foundation that uses technology and digital innovations to protect those whose freedoms are threatened.
Garry Kasparov, widely believed to be the greatest chess player in history, says that crypto is the solution to privacy issues in finance https://t.co/SyWpYAAdEf — Cointelegraph (@Cointelegraph) July 24, 2020
According to him, blockchain technology and cryptocurrencies like Bitcoin are “natural choices” for protection against infringements on privacy and human rights.
Thus, he concluded:
“I think the steady rise in popularity of Bitcoin and other cryptocurrencies and blockchain technology as a concept is inevitable, because it’s a response to the shift of power from individuals to states or other institutions that may act on our privacy without our consent.”
Source: Cointelegraph | Image: Pixabay