A bit of appreciation for cryptography, it's history and cypherpunks.

I would like to remind you about some shards of recent history that inspired creation of BTC, ETH and other cryptocurrencies. And Ethereum is now further developing and implementing these ideas.

Systems that consider themselves ideological heirs to the cypherpunk spirit should [...] be much more expensive to destroy or disrupt than they are to use and maintain.

I'm a senior software engineer and cypherpunk, and I'm fascinated by cryptography's background, ideas and possibilities it brings. You don't need to support crypto-anarchists as you are free to disagree. But it's hard to argue that creation of public-key encryption was one of the most important events for crypto and, potentially, society.

Even though Vitalik B. doesn't like individualism of early cypherpunks, he still supports the idea that cryptography can be leveraged to preserve autonomy of the individual, by utilizing the asymmetrical nature of attack vs defense resources.

It is unlikely that crypto will kill banks, destroy governments and collapse the system. But cryptography in general and digital currency in particular gives people _opportunity_ to experience privacy, transparency, control of their finances. Which is _not_ achieved with tyranny of the majority, force or violence, but with _mathematics_. And this, in my opinion, is a beautiful thing.

I find it amazing that ideas of Zero-knowledge data validation, digital currencies, smart contracts were described some 30 years ago and being carried on by modern projects like ETH and others.

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

For more specifics, please search for full version of Cyphernomicon

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

Tim May, 1992

A specter is haunting the modern world, the specter of crypto anarchy.

Computer technology is on the verge of providing the ability for individuals and groups to communicate and interact with each other in a totally anonymous manner. Two persons may exchange messages, conduct business, and negotiate electronic contracts without ever knowing the True Name, or legal identity, of the other. Interactions over networks will be untraceable, via extensive re- routing of encrypted packets and tamper-proof boxes which implement cryptographic protocols with nearly perfect assurance against any tampering. Reputations will be of central importance, far more important in dealings than even the credit ratings of today. These developments will alter completely the nature of government regulation, the ability to tax and control economic interactions, the ability to keep information secret, and will even alter the nature of trust and reputation.

The technology for this revolution--and it surely will be both a social and economic revolution--has existed in theory for the past decade. The methods are based upon public-key encryption, zero-knowledge interactive proof systems, and various software protocols for interaction, authentication, and verification. The focus has until now been on academic conferences in Europe and the U.S., conferences monitored closely by the National Security Agency. But only recently have computer networks and personal computers attained sufficient speed to make the ideas practically realizable. And the next ten years will bring enough additional speed to make the ideas economically feasible and essentially unstoppable. High-speed networks, ISDN, tamper-proof boxes, smart cards, satellites, Ku-band transmitters, multi-MIPS personal computers, and encryption chips now under development will be some of the enabling technologies.

The State will of course try to slow or halt the spread of this technology, citing national security concerns, use of the technology by drug dealers and tax evaders, and fears of societal disintegration. Many of these concerns will be valid; crypto anarchy will allow national secrets to be trade freely and will allow illicit and stolen materials to be traded. An anonymous computerized market will even make possible abhorrent markets for assassinations and extortion. Various criminal and foreign elements will be active users of CryptoNet. But this will not halt the spread of crypto anarchy.

Just as the technology of printing altered and reduced the power of medieval guilds and the social power structure, so too will cryptologic methods fundamentally alter the nature of corporations and of government interference in economic transactions. Combined with emerging information markets, crypto anarchy will create a liquid market for any and all material which can be put into words and pictures. And just as a seemingly minor invention like barbed wire made possible the fencing-off of vast ranches and farms, thus altering forever the concepts of land and property rights in the frontier West, so too will the seemingly minor discovery out of an arcane branch of mathematics come to be the wire clippers which dismantle the barbed wire around intellectual property.

Arise, you have nothing to lose but your barbed wire fences!

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

The resources on general cryptography are vast. I hope I woke up some interest in you to go and educate yourself a bit on it's history and modern applications. Even reading a fiction like Cryptonomicon will help you appreciate what you are hodling )

Kind Regards

- wintermute -