Why We Chose Blockchain

A Bit of History

We chose blockchain because it represents an answer to a fundamental need: the protection of privacy and individual freedom. This vision has its roots in the 1980s with the Cypherpunk movement. These activists used cryptography to defend people’s right to exchange information and money without external interference.

In their 1993 manifesto, written by Eric Hughes, they stated: “We cannot expect governments, corporations, or other large faceless organizations to grant us privacy out of their beneficence. It is to their advantage to speak of us, and we should expect that they will speak. To try to prevent their speech is to fight against the realities of information. Information does not just want to be free, it longs to be free. Information expands to fill the storage space available. Information is the younger, stronger cousin of Rumor; information is more pervasive, has more eyes, knows more, and understands less than Rumor.”

Hughes also wrote: “We must defend our privacy if we expect to have any. We must come together and create systems which allow anonymous transactions to take place. People have been defending their privacy for centuries with whispers, darkness, envelopes, closed doors, secret handshakes, and couriers. The technologies of the past did not allow for strong privacy, but electronic technologies do.”

In 2009, this quest for freedom culminated in the creation of Bitcoin—a currency not controlled by any central authority. In Euthopia, Bitcoin will serve as the primary means of exchange, a symbol of freedom and transparency.

However, since Bitcoin does not support all the features necessary for our project, we chose to use a more flexible blockchain for our platforms—Euthos and Concretia—creating our internal currency, ETP. This allows us to fully harness the potential of the technology, always ensuring transparency and security, while staying true to the principles of privacy protection and freedom expressed by the Cypherpunks.