Privacy is necessary for an open society in the electronic age. Privacy is not secrecy. A private matter is something one doesn’t want the whole world to know, but a secret matter is something one doesn’t want anybody to know. Privacy is the power to selectively reveal oneself to the world.
Bitcoin finds itself yet again at another crossroad. On one side, the easy road, paved with Number Go Up, highly regulated ETF products, and surveillance state-endorsed stablecoins as the scaling solution for the next billion users. The other path is objectively more difficult to traverse, a darker way forward, despite the illuminating words of Eric Hughes and other pioneers in the field of open source cryptographic tooling.
On March 3, 1993, Hughes published A Cypherpunk’s Manifesto, articulating the direction of the recently-formed Cypherpunks: a Bay Area group of hackers and activists composed of Hughes, Tim May, John Gilmore and others under the moniker created by St. Jude Milhon
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