Peer2Politics

People need encryption to be safe and secure, says ministry

Update, Feb. 5, 2015, 8:10 p.m.: After this article appeared, Werner Koch informed us that last week he was awarded a one-time grant of $60,000 from Linux Foundation's Core Infrastructure Initiative. Werner told us he only received permission to disclose it after our article published. Meanwhile, since our story was posted, donations flooded Werner's website donation page and he reached his funding goal of $137,000. In addition, Facebook and the online payment processor Stripe each pledged to donate $50,000 a year to Koch’s project.

Growing up in Soviet Ukraine in the 1980s, Whatsapp founder Jan Koum learned to distrust the government and detest its surveillance. After he emigrated to the U.S. and created his ultra-popular messaging system decades later, he vowed that Whatsapp would never make eavesdropping easy for anyone. Now, Whatsapp is following through on that anti-snooping promise at an unprecedented scale.

What is Ethereum? Can this technology actually support the establishment of a utopian, free, and decentralized society? Or could it instead promote a more dystopian vision of society – or even a Skynet? Before we can understand anything about Ethereum, we must first understand Bitcoin: what it is, and how it works.