Greatest Chess Player of All Time Backs Bitcoin


Garry Kasparov, the Russian chessmaster who faced off against IBM’s “Deep Blue” supercomputer, says Bitcoin, crypto and blockchain technologies, are the solution to the demand for privacy in financial markets.

In a July 23 interview with Forbes contributor Roger Huang, Kasparov said he saw many upsides to cryptocurrencies. According to him, they give individuals more control over their money, which is usually regulated “either by the state, corporations or outside parties.”

How To Get Free Crypto  

“The good thing about Bitcoin is that you know exactly the number — the magic number of 21 million,” the chessmaster said, referring to the maximum number of Bitcoin (BTC) tokens that will ever be mined. “But when you look at the other side, the Fed for instance, you never know how many trillions of dollars will appear on the market tomorrow that will damage your savings.”

Kasparov is a chair of the Human Rights Foundation, a foundation which uses technology and digital innovations to protect those whose freedoms are threatened. According to him, blockchain technology and cryptocurrencies like Bitcoin are “natural choices” for protection against infringements on privacy and human rights. 

“I think the steady rise in popularity of Bitcoin and other cryptocurrencies and blockchain technology as a concept is inevitable, because it’s a response to the shift of power from individuals to states or other institutions that may act on our privacy without our consent.”

Chess and blockchain

Cointelegraph reported in June that a chess match between grandmaster Sergey Karjakin and Algorand founder Silivio Micali was recorded on the blockchain. 

Like Kasparov, Kajakin expressed an interest in cryptocurrencies and the underlying technology. Algorand, a proof of stake blockchain platform, may be used to further greater adoption of chess, according to Micali.

Coinbase Banner  

Go to Source
Author: Turner Wright

Recommended Crypto Services, Products and Strategies:

The first thing any crypto investor needs is is a reliable and secure Crypto Wallet.  Whether you’re looking for an online wallet, hardware wallet, desktop or mobile wallet, Crypto Renegade provides you with all the Best Crypto Wallets in each category.

Best Crypto Wallets Banner

When you’re ready to buy more crypto, or exchange your coins for others, Crypto Renegade’s list of the Best Crypto Exchanges has you covered.  The Crypto Exchanges recommended here offer everything from simplicity and convenience to advanced trading platforms and profit sharing. 

Best Crypto Exchanges Banner

If you want to learn more about the methods and tools that can be used to find Great Crypto Projects, then be sure to check out Crypto Renegade’s strategy for How To Find The Best Cryptocurrency.

Crypto Strategy Banner

For those people that don’t have any money to invest right now, or just want to understand the technology a bit more, you’ll definitely want to check out Crypto Renegade’s Free Crypto Strategy and start collecting Free Coins today!

Free Crypto Banner

What do you think about cryptocurrency? Do you have any questions about it? Be sure to leave a comment below.

This site uses Akismet to reduce spam. Learn how your comment data is processed.