Phil Zimmermann, creator of Pretty Good Privacy (PGP), shared his insights on Bitcoin as a tool for personal freedom in a recent episode of Supply Shock. He emphasized Bitcoin's significance as decentralized electronic money, contrasting it with traditional banks. Zimmermann highlighted the value of Bitcoin for individuals in autocratic regimes, recalling interactions with people in Argentina who used it to safeguard their assets from government seizure. Despite his admiration for Bitcoin, Zimmermann expressed a complex relationship with the technology, similar to his conflicted feelings toward PGP, which was also used for malicious purposes despite its benefits for digital privacy. He acknowledged the dual-edged nature of cryptographic tools, noting that while they can be utilized by criminals, they also serve as a vital defense against oppression.

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