Crypto War II: Birth of Decentralized System

Do repost and rate:

Crypto War I did end without any conclusion about how encryption technology a citizen can use to protect their privacy right or it may jeopardize national security.

Until the second war is breaking out by the government to introduce “Clipper Chip”.

 

What is a “Clipper Chip”?

It is a state-of-the-art built-in backdoor device that was introducing in 1993 to allows governments particularly law enforcement officials to able to decode intercepted voice and data transmissions.  

It allows the government to store each citizen’s data in the pool. It triggered widespread opposition.

 

Technical vulnerabilities

Matt Blaze published the paper pointed out the technical vulnerabilities of Clipper Chip by producing Brute-force attacks to produce another value and disable the device.

 

End of Clipper Chip

The device died in 1996 without any possible implementation. 

 

The less known war happened in 1991

Phil Zimmermann created software called Pretty Good Privacy (PGP) program. The program was so great that it got much attraction overseas and he got the prosecution from the government. 

 

What is PGP?

PGP can both send encrypted emails and encrypting sensitive files. It allows users who never met before to send encrypted messages to each other without exchanging private encryption keys. Does it sound too familiar? Like Bitcoin?!

 

The U.S. president hated so much

Back then Senator Joe Biden or the current U.S president argued that encryption did not provide for government access may be outlawed. Does it imply the crypto war is coming again?

 

Birth of Cypherpunk movement

Cypherpunk was created around the 1970s. It got more attraction after the previous two crypto wars. People in Cypherpunk had already proposed multiple Bitcoin liked digital cash. Also, many members have revealed theirs identifies but some of them have never revealed- like Satoshi Nakamoto. 

 

Birth of Bitcoin

In 2009, Bitcoin was born secretly that announce to the world privacy matters and one can freely transact payment around the world without “third party” interference.

 

Why the government doesn’t care about Bitcoin anymore

The U.S. government has built a network to surveillance the whole world through Boundless Informant and not until Edward Snowden leaked the information in 2013. There is a global surveillance program that has existed since the 1970s when Cypherpunk was formed. So those people aren’t a bunch of nerds wearing a tinfoil hat.

 

Too optimistic

The internet has evolved too and our data is now being controlled by corporations. Just like what Zimmermann described in his own law, 

 

“The natural flow of technology tends to move in the direction of making surveillance easier", "the ability of computers to track us doubles every eighteen months".

 

In conclusion

You can read it as science fiction or you may wonder where is the third crypto war. It is coming and stays tuned!

Photo by Gritt Zheng on Unsplash

Related articles to reference here ????:

-------------------------------------------------------------------------------------

Stablecoin

Stablecoin is Not So Stable

Stablecoin: We Ever Need Them More Than CBDCs

-------------------------------------------------------------------------------------

CBDC

CBDC: Stablecoin 2.0 or Stablecoin Killer

Chinese CBDC: the Ultimate Financial Weapon or Just another Copycat

CBDC vs Cryptocurrency: the War of Privacy

Game of Three Kingdoms: CBDC vs. Cryptocurrency vs. TechCoin

Why Crypto Got So Political Suddenly: The Beginning Tale of Government Crypto Surveillance Program

CBDC's Cross Border Payments System: Worse than Crypto

-------------------------------------------------------------------------------------

Defi

DeFi Swap: Great Returns come with Great Cost

Defi: A Rainbow 5-Layers Cake

Robot Sucks: How Lousy Jobs AMMs Did to Ruin the DeFi

-------------------------------------------------------------------------------------

Defi Manual

Defi Manual: Part 1 - Cefi vs. Defi

-------------------------------------------------------------------------------------

Inflation

Inflation vs. Bitcoin: How Speculation to Hedge Inflation has Failed in Short Term but may Create Opportunity in Long Term

Hypothetically, What if the Fed Fails to Control Inflation, Will Crypto Save Us?!

Currency Debasement: Cryptocurrency Inflation Hedge Hypothesis Still Hold

-------------------------------------------------------------------------------------

Gold

Gold vs. Bitcoin: Digital Twin or Enemy

-------------------------------------------------------------------------------------

Volatility

Volatility of Bitcoin: Threat or Opportunity

-------------------------------------------------------------------------------------

Recent News

Lesson Learn from Robinhood IPO: Era of Crypto Exchange Comes to an End or a New Beginning?

City Coins: Are they the Era of New Coins?

The End of Era for Crypto Exchange Platform?!

Crypto Hacking: How Did it Really Happen?

Jack Dorsey’s Ambitious: Twitter wants to Become a Place of Freedom of Speech

Legendary Hacker: the White Hat into the Rescue

The Future of Cardano: as Clear or as Uncleared?

Patent the Blockchain: the Nonsense Action Shows a Worry from Big Tech Companies

Forget about Trade War: New Era of the International Trade

Epic Games vs. Apple: Tech Companies Crypto Adoption May Begin

Litecoin Fake News: How Fake it is?

-------------------------------------------------------------------------------------

China FUD

China FUD: Are We Done Yet?

Bitcoin Mining Recover?! The Chinese vs. The U.S Strategy of Blockchain

Red Alert: Lesson Learns from the Nearly Cashless Nation

-------------------------------------------------------------------------------------

SEC FUD

SEC vs. Ripple: the Endless Game of War

SEC vs. Defi: What is the goal of the Defi?

The SEC Defi Investigation: The Decentralization Theater

Coinbase Regulation Probe: The Future of Crypto Lending

-------------------------------------------------------------------------------------

NFT FUD

NFT: Digital Solution or Delusion?

NFT: The Future of Gamers' Assets

NFT Bubble: Does it Really Matter ?!

NFT Bubble May Just Almost Pop

-------------------------------------------------------------------------------------

Miscellaneous

Where are We Position Crypto at : the Problem with Money and Wealth

What Categories Does Bitcoin Belong to or Does it Really Matter?

Quantum Financial System: The System Lost Itself in Quantum World

Crypto Hot Hub: The Best Place to become Crypto Incubator

Break the Fourth Wall?!

We Are Short for the Dollars: The Dollar's Liquidity Issue

Fiat vs. Crypto: Religion vs. Science or Vice Versa

-------------------------------------------------------------------------------------

Bitcoin Digest

Is Bitcoin Untraceable Anymore?! It Depends!

Currency Comparison: Bitcoin vs Dollar

Bitcoin ETF May Not Be Such a Great Idea

Bitcoin Lightning Network Explain

-------------------------------------------------------------------------------------

Ethereum Digest

Ethereum London Hardfork: How Hard does It Actually Fork?

Did the U.S. government just thumbs up on Bitcoin and down on Ethereum after the London Hardfork?

EIP-1559: The Future of Ethereum Economy

Ethereum Got Update Bug: A Blockchain Synchronization Problem

Buterin's Regret: Ethereum 8 Co-Founder Things

Can Cardano Really Kill Ethereum?!

-------------------------------------------------------------------------------------

Shitcoin Economy

The Legendary of Shitcoin: Meme to the ?? or Unique of ?? or Simply just ??

Crypto Economy: the Untold Speculative Financial System We will Live?

Shitcoin Economy: Part 1 - Category

Shitcoin Economy: Part 2 - Regulations

Shitcoin Economy: Part 3 - Environment

Shitcoin Economy: Part 4 - Technology

Shitcoin Economy: Part 5 - Detokenization

-------------------------------------------------------------------------------------

Doge Economy

Doge 2.0: Who Let The Dog Out?!

Dogecoin 2.0: Doge Breeder Era

-------------------------------------------------------------------------------------

Energy FUD

Bitcoin's Energy Concerns, Scalability and the End of Bitcoin Prediction

Unknown Author’s Hypothesis: Creator of PoW and PoS Hybrid Blockchain

-------------------------------------------------------------------------------------

Tokenoconomy

Tokenism: An Old Idea Get A New Invention

-------------------------------------------------------------------------------------

Crypto-regulation

Legal Framework of Virtual Currency

The Cantillon Effect: The 18th Monetary Curse About to be Broken

-------------------------------------------------------------------------------------

Machine War

Artificial Intelligence vs. Blockchain: the Future of Machine War

Crypto War I: Birth of Public Key Cryptography

-------------------------------------------------------------------------------------

Disclosure: The article was written by a delusional author who is possibly a nut job without any questions whatsoever about expertise in the subject matters. You should not believe any words this author wrote or you may experience similar symptoms or even possibly become a nut job.

Regulation and Society adoption

Ждем новостей

Нет новых страниц

Следующая новость