Telegram founder praises privacy in crypto, worries about future of secure hardware

3 Min Read

In an interview with Tucker Carlson, the elusive Telegram CEO Pavel Durov emphasised that crypto’s deal with privateness and safety could quickly be undermined by surveillance {hardware}.

Regardless of the rising function of governments as they contain themselves in privateness issues, Telegram CEO Pavel Durov continues to be optimistic in regards to the future, saying those that care about privateness may nonetheless protect it with applied sciences, much like those already developed within the crypto business.

In a recent interview with Tucker Carlson, Durov advised there shall be new {hardware} communication gadgets created, because the matter of on-line privateness turns into extra evident. Commenting on the matter, the Telegram CEO famous that the crypto market has already solved that downside, referring to {hardware} crypto wallets.

“I’m an optimist. I feel some new safe {hardware} communication gadgets shall be created in the same approach that now we have now {hardware} wallets to retailer your cryptocurrency. Possibly we’ll have safe communication gadgets to ship messages or do voice calls.”

Pavel Durov

Talking on different crypto-related ventures, Durov talked about Telegram’s brainchild The Open Community, which confronted opposition from the U.S. Securities and Trade Fee (SEC) in 2019.

“To be fully honest, Telegram did take outdoors cash, we issued bonds three years in the past… and earlier than that, we had a a cryptocurrency undertaking that additionally raised funds. There have been cases the place we raised outdoors funding. However with regards to the corporate’s fairness, we didn’t give anybody possession or voting management or something like that.”

Pavel Durov

In October 2019, the SEC issued a restraining order in opposition to Telegram, stopping the corporate from launching its deliberate token dubbed Gram. The SEC alleged that the corporate’s preliminary coin providing (ICO) violated securities legal guidelines by providing unregistered securities to buyers.

In early 2018, Telegram raised roughly $1.7 billion via the sale of its Gram tokens to non-public buyers. Nonetheless, the SEC alleged that the corporate had did not register to promote 2.9 billion digital tokens to preliminary buyers worldwide, together with $1 billion to U.S. patrons.

Regardless of the ban, Telegram’s blockchain enterprise survived, initially pushed by blockchain fans who supported its ideas. Later, nevertheless, Telegram’s ties to the TON ecosystem deepened, with the addition of Toncoin, the undertaking’s native cryptocurrency, as a fee methodology in its promoting revenue-sharing system for channel homeowners.

Your entire hour lengthy video contained many different juicy tidbits, together with why Durov determined to maneuver Telegram’s workplaces to Dubai, and the state of affairs involving an tried theft after the CEO met then Twitter CEO Jack Dorsey in San Francisco.

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