World Class Chess Player Supports Bitcoin

The most celebrated chess player in the world, Garry Kasparov, says BTC can be used to oppose the infringement of human rights.

Garry Kasparov who hails from Russia once competed with “Deep Blue” supercomputer made by IBM. He expressed publicly that to derive anonymity in the financial markets, the use of blockchain technology and cryptocurrencies such as Bitcoin is ideal.

The chess world-class player discussed with Roger Huang of Forbes on July 23 and he emphasized that cryptocurrencies had many benefits. One of the benefits he said was that people can use their money the way they liked it since it’s free from so many regulations.

This was how he put it:

“The good thing about Bitcoin is that you know exactly the number — the magic number of 21 million.” He was talking about the number of Bitcoins that will ever exist.

The he added:

“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 one of the leaders at the Human Rights Foundation. Their job is to make sure nobody’s rights are trampled upon and they use technology to do this.

In his opinion, it is important to choose Bitcoins and perhaps other cryptocurrencies to protect oneself from human rights deprivation and lack of privacy.

“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.”

Making chess known through blockchain

Chess is now being recorded on the blockchain. An example is the match between Sergey Karjakin the Russian chess grandmaster and Silivio Micali who created Algorand.

Sergey Karjakin agrees with Kasparov that cryptocurrency and the technology behind it are good for adoption. Micali says Algorand will be used to make the chess game more popular and acceptable.

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