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The Satoshi Revolution – Chapter 4: Crypto. A New Paradigm of Privacy and ID (Part 2)


Uploaded by Coin News The Satoshi Revolution: A Revolution of Rising Expectations. Section 2 : The Moral Imperative of Privacy Chapter 4: When Privacy is Criminalized, Only Criminals will be Private by Wendy McElroy Crypto.A New Paradigm of Privacy and ID (Chapter 4, Part 2) [A]ll those who used their knowledge in a bid to enact social change saw cryptography as a tool to enhance individual privacy and to shift power from big, central institutions to the human beings who live in their orbit.Cryptocurrencies bypass central banks by privatizing the issuance of money and  its transfer across borders.The globe should erupt in applause at the return of financial control to the individuals who produce wealth.Finally, financial justice.But a global party over currency freedom would be inadequate because it would overlook another revolutionary aspect of crypto.Cryptocurrencies and the blockchain are a new paradigm of privacy that will replace the old one as surely as the new currency broke the death grip of central banks.Revolutionary forms of “identity” verification, like blind signatures, have redefined the concept of privacy and returned it to the free market where sharing information advances individuals…but only when and if the individual consents.(See earlier discussion of blind signatures.) They forge a vision that is uniquely suited to the preservation of freedom in the digital age.The focus on crypto as a remedy for government surveillance is understandable.Privacy has been nationalized by governments that twist the definition of “identification” to serve their own elitist goals.Government documentation is now the only way most people can prove their identities in order to access the basic necessities of modern life.In most Western nations, undocumented people cannot board a plane or train, or drive a car.They cannot open a bank account, acquire a credit card, access medical care, cash a check, take a regular job, attend school, get married, rent a video (let alone an apartment), or buy a house.They are second-class citizens to whom the government denies the opportunity to advance through labor, education, entrepreneurship, or other merit.Government has made identification into a prerequisite of modern life.Meanwhile, those who are “identified” become vulnerable.Their bank accounts are frozen, health care denied, credit cards canceled, wages garnished, records subpoenaed, and get arrested.In a fully nationalized ID  and reporting system, the government knows who everyone is, what everyone thinks and possesses, and where to find them.The nationalization of privacy is a lynchpin of totalitarianism.No wonder the government’s appetite is so voracious.No wonder  those who resist the onslaught on privacy are presumed to be criminals on that basis alone.As Phil Zimmermann, the creator of Pretty Good Privacy, stated, “If privacy is outlawed, only outlaws will have privacy.” Society was not always this way.It does not need to be so in the future.Just as cryptocurrencies show more


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