Pat (@PatCrypt) header
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Fan of world changing technology. Miner, trader & hodler in that order since 2013.

UK
Joined February 2014
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After 10 years of being involved in crypto I've finally created a website - go look! patcrypt.com I've tried my best to bring together info about the project I love (XX) and there's a bit about me too if you fancy being nosey! Let me know what you think!
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New quest live: Make quantum history and inscribe your message on the Quip Network genesis block. > Leave Your Mark quest.quip.network
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Nice idea!
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Some moments stick with you. Meeting @chaumdotcom at the @SatoshiRoundtbl was one of them. Long before “crypto” was mainstream, before blockchains were dinner-table conversation, before institutions were paying attention — Chaum was already laying the foundations. Back when I first fell down the crypto rabbit hole (2011–2014), I kept running into his name while studying the fundamentals of cryptography and privacy systems. The deeper I went, the more I realized: a lot of what we’re building today traces back to his work. A few highlights from his legacy: • Invented digital cash in the 1980s (eCash) • Introduced blind signatures, enabling private digital payments • Founded DigiCash, one of the first crypto companies • Pioneered research on anonymous communication systems • Anticipated many of today’s privacy and surveillance debates decades early • Laid conceptual groundwork that directly influenced modern blockchain thinking In many ways, he helped answer the question before most people even asked it: “How do we preserve freedom, privacy, and trust in a digital world?” Years later, through my old venture studio (Dedata), I had the chance to organize a conference where David spoke. And eventually, I got to meet him in person. What surprised me most? He was incredibly warm, thoughtful, and generous with his time. Despite having influenced an entire generation of cryptographers and technologists, he carried himself with real humility. I’ve met plenty of public figures over the years — but I was genuinely more starstruck meeting David than most celebrities. Because he represents something rare: Deep technical brilliance, paired with long-term moral clarity. As crypto matures, it’s worth remembering whose shoulders we’re standing on — and why these ideas mattered long before they were profitable. Grateful for the conversation, the history, and the reminder of what this space is really about.
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It's good to read this sort of thing from someone who actually gets it these days.
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Our DYOR experts went all out on today’s Digest. DYOR Alpha looks at where usage meets risk. Four projects the community dug into: @vultisig, @HanaNetwork, @xx_network, @4aibsc – what they actually do, and what’s worth watching over time 👇
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Privacy infra built by a legend – @xx_network David Chaum’s quantum‑resistant L1 with cMixx, xx Messenger, and whistleblower tooling. Big vision for metadata‑private comms. ⚠️ To watch: ‑98% from ATH, tiny active community, no public GitHub, low transparency.
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🜁The xx Network joins forces with Nym. VPN armor. Mixnet invisibility. Communication the surveillance machine can’t touch. See what’s coming.
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That isn’t his XTO, it was originally an L1 bitcoin style blockchain of its own, the symbol flipped between TAO and XTO during its lifetime. It eventually ended up as a token on a tomochain EVM clone after a swap. I know because I was there from the start: patcrypt.com/patcrypt/#bryce
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(The network has been dead for several years).
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Replying to @notsofast
I wondered what your take would be!
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StrobFX presents: xxcoin Beats Them All! 🤯 $XX @xx_network @chaumdotcom
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Congrats on getting over the line on this, I’ve read it and it’s been a great primer for what I’ve seen you contend with in the last year. Well done on your first published work, looking forward to seeing what’s next.
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Confirmation bias is not just rife but embedded into all of crypto now. It's all noise. My hope is that the human spirit latches onto something that comes out of the noise and actually benefits us all, as was the original intention. It'll likely be years but I can't wait.
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The Quantum Doom Clock is ticking! ⏳ Stay updated on when quantum chips will crack encryption! Created by our very own @rcarback Check it out: QuantumDoomClock.com
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⚡️ INSIGHT: Before #Bitcoin there was DigiCash. Founded in 1990 by David Chaum, this cryptographic payment system aimed to provide privacy and security. What would the world look like if DigiCash was the largest digital payment system? 👇
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To find out what happened to DigiCash and see what a world without #Bitcoin might look like, check out our recent article: cointelegraph.com/learn/arti…
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Fast forward 30 years and David Chaum created the xx.network with his mixnet baked in for metadata shredding. We may be too far gone to have a widely used privacy coin but our comms and the threat of quantum computers are equally huge issues he seeks to address here.
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Scott Bessent (US TREASURY) says the IRS uses COBOLT technology, which is "quite poor" and has "a lot of leaks," making privacy a major concern for him. 👁️ 🔴Privacy isn't popular; it's a code-red issue at the wrong time.
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It's COBOL without the T
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Vlad gets the best guests. @chaumdotcom is a true OG and the guy who invented blockchain. So honored that @noonesapp is sponsoring this
bitcoin takeover podcast schedule for december 2024: this week: s15 e68 with @truthcoin next week: s15 e69 with @chaumdotcom (awaiting confirmation) in 2 weeks: s15 e70 with @jgarzik (scheduled) in 3 weeks: s14 e71 with @marttimalmi who else would you like to see/hear?
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This is based on Trusted Execution Environments (i.e. Trusted Hardware), instead of digital proof of economic expenditure in an open and decentralized network. It has private computation, instead of a public ledger. It has access control for membership in the authorizing set of computers instead of open participation for any node in the network. So it isn't a blockchain.
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"Outlined", calm your boots. It's widely accepted that proof of work was the missing piece and yes these systems hadn't overcome the fact that computationally anything cryptographic in the hands of people was impossible 40+ years ago. There's still foundational work there.
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Chaum invented electronic cash, not blockchain. The blockchain was invented as a solution to the problems that Chaum's centralized electronic cash faced.
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Actually he is recognised as publishing the first paper that outlined a blockchain back in the early 80s: cdn.nakamotoinstitute.org/do…
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Why does privacy matter? What are the best principled arguments for it? Where to set the boundary [i.e., when is it best to require that certain actions be more broadly known]? My own answer to this bundle of questions isn't very good. I've read a few classic books, papers, and essays, but overall I'm not especially well read in the history of privacy. Some incomplete and poorly-digested thoughts: + Surveillance creates a flow of power from the one surveilled to the surveiller. Most crudely with threats ("we saw you do such-and-such an activity, now you must do as we say or we will disclose"), but perhaps moreso with predictive models (if you know how someone acts you can build a model that helps you manipulate them - this is the basic premise of surveillance capitalism, which now dominates advertising, and which you and I are currently co-participating in, as I write & you read) + In general, "the right to do things, provided they don't hurt others" [i.e., freedom] is one of the most important inventions in human history. And surveillance is often justified on the basis of preventing "hurt others" (good), but in practice used to prevent action against incumbent powers (bad), or simply things which busy-bodies don't like (also bad). + It's interesting how difficult I find that "right to do things, provided they don't hurt others". Instinctively, I feel it enormously strongly. But when I try to write out justifications they're insipid. It's like the principle is so vast I can only see tiny bits of it. Anyway, curious if others have unusually powerful answers to these questions
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HBO is coming out with a new documentary to reveal the identity of the anonymous creator of Bitcoin Satoshi Nakamoto. I think it’s David Chaum.
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I think David was instrumental to its creation but he isn't known for his modesty when it comes to his achievements. IMO there's no way would he keep it quiet.
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