Garry Kasparov, the Russian chess master who took on IBM’s “Deep Blue” supercomputer, says that Bitcoin, cryptocurrency and blockchain technologies are the solution to the demand for privacy in the financial markets.
In a interview on July 23 with the collaborator of Forbes, Roger Huang, Kasparov said he saw many advantages for cryptocurrencies. According to him, They give people more control over their money, which is generally regulated “by the state, corporations, or outside groups.”
“The good thing about Bitcoin is that you know exactly the number, the magic number of 21 million”, said the chess master, referring to the maximum supply of Bitcoin (BTC) that will ever be mined. “But when you look the other way, the Fed, for example, you never know how many trillions of dollars will appear on the market tomorrow that will hurt your savings.”
Kasparov is President of Human Rights Foundation, a foundation that uses technology and digital innovations to protect those whose freedoms are threatened. According to him, Blockchain technology and cryptocurrencies like Bitcoin are “natural options” for protection against privacy and human rights violations.
“I believe that the constant increase in popularity of Bitcoin, other cryptocurrencies and blockchain technology as a concept is inevitable, because it is a response to the change in power of individuals, states or other institutions that can act in our privacy without our consent. “
Chess and blockchain technology
Cointelegraph reported in June that a chess game Between the grandmaster Sergey Karjakin and the founder of Algorand Silivio Micali, he registered on the blockchain.
Like Kasparov, Kajakin expressed an interest in cryptocurrencies and the underlying technology. Algorand, a proof of stake blockchain platform, can be used for further chess adoption, according to Micali.
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