Timothy C. May, the co-founder of Cypherpunks has died of natural causes. May is the author of ‘The Crypto Anarchist Manifesto’ which was published in 1992. On Saturday, Lucky Green posted a eulogy on Facebook that stated-
“Word has reached me that my dear friend, a co-conspirator in many things and for many years, fellow Freedom Fighter Tim May passed away earlier this week at his home in Corralitos, California.”
Green in his Facebook post expressed his opinion that although no autopsy has been performed, yet the death appears to be from natural causes.
May in his book pointed at some of the aspects of the decentralized cryptocurrencies that exist in today’s time. From his book-
“The State will, of course, try to slow or halt the spread of this (cryptocurrency based) technology, citing national security concerns, use of the technology by drug dealers and tax evaders, and fears of societal disintegration. Many of these concerns will be valid since crypto anarchy will allow national secrets to trade freely and will allow illicit and stolen materials to be traded.”
According to Green, May, Eric Hughes and John Gilmore, in 1992, co-founded Cypherpunks as the single most effective pro-cryptography grassroots organization ever.
According to the reports from Cointelegraph, it is believed that many applaud the ‘cypherpunk movement’ and think of it as of same importance as Satoshi (Nakamoto) holds in contributing to the developments of cryptography. Reportedly, Bitcoin’s (BTC) creator was also in communication with the cypherpunk community and shared his ideas in an email thread, before the ‘Bitcoin Whitepaper’ got released in 2008.
Governments all around the world are working on secure investments and safety regulations of the cryptocurrencies. Yet there are security loopholes to be mended. According to Edward Snowden (Central Intelligence Agency employee, and former contractor for the United States government) reportedly expressed his views that the world’s biggest cryptocurrency- Bitcoin is not the perfect answer for the peer-to-peer private transactions. He further added that ZCash (ZEC), on the other hand, is the “most interesting” altcoin given its primary focus is on security and privacy. The transactions on Zcash network are encrypted end-to-end and shielded from public scrutiny as opposed to the other digital currencies such as Bitcoin, Ethereum, Bitcoin Cash and other similar coins.