Garry Kasparov, the Russian chess master who took on IBM’s „Deep Blue“ supercomputer, says Bitcoin, cryptomoney and blockchain technologies are the solution to the demand for privacy in financial markets.
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In a July 23 interview with Forbes collaborator Roger Huang, Kasparov said he saw many advantages to cryptomontages. He said they give people more control over their money, which is usually regulated „by the state, corporations or outside groups.
„The good thing about Bitcoin Circuit is that you know exactly the number, the magic number of 21 million,“ the chess master said, referring to the maximum supply of Bitcoin (BTC) that will ever be mined. „But when you look at the other side, the Fed, for example, you never know how many billions of dollars will come on the market tomorrow that will damage your savings.
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Kasparov is president of the Human Rights Foundation, a foundation that uses technology and digital innovations to protect those whose freedoms are threatened. According to him, blockchain technology and crypto-currencies such as Bitcoin are „natural options“ for protection against privacy and human rights violations.
„I believe that the steady rise in popularity of Bitcoin, other cryptomonies and blockchain technology as a concept is inevitable, because it is a response to the changing power of individuals, states or other institutions that can act on our privacy without our consent.
Chess and blockchain technology
Cointelegraph reported in June that a chess match between grandmaster Sergey Karjakin and Algorand’s founder Silivio Micali was registered in blockchain.
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Like Kasparov, Kajakin expressed an interest in cryptomonics and the underlying technology. Algorand, a blockchain proof of stake platform, can be used for further chess adoption, according to Micali.