Julian Assange: I Told Google's Eric Schmidt to Embrace Bitcoin
Wikileaks founder Julian Assange and Google chairman and then-CEO Eric Schmidt discussed bitcoin in 2011.
Julian Assange, the embattled leader of non-profit activist media agency WikiLeaks, noted during a recent reddit Ask Me Anything discussion that while bitcoin is just coming to the attention of many of the tech industry's elite, he was personally responsible for raising awareness about the digital currency to tech giant Google, in 2011.
Had he listened, Assange claimed, Google would "own the planet by now".
While this may sound like a bold statement from the controversial figure, Assange in fact had an early conversation with Google executive chairman and then-CEO Eric Schmidt.
The discussion was later profiled by Schmidt while the Google chief was working on "The New Digital World", a book published in 2013 and co-written with Jared Cohen, a former US State Department advisor to Hillary Clinton.
The complete, unedited transcript of the interview, which can be found on Wikileaks, details Assange's early enthusiasm for bitcoin, providing a curious window into technology history. For example, Schmidt expressed curiosity about bitcoin, but ultimately seemed to pass on the then-nascent digital currency.
At the time, Assange tried to convince him otherwise, telling Schmidt:
A lesson in bitcoin
Over the course of the five-hour conversation, Assange and Schmidt discussed a range of topics regarding technology, privacy and data encryption. At one point, Assange asked Schmidt if he had heard about bitcoin before. Schmidt said he had not, but Cohen indicated he had read about bitcoin the day before.
Assange saw the emergence of bitcoin as a byproduct of underground encryption enthusiasts, and during his discussion with Schmidt, he frequently pointed to the cryptographic potential in the Bitcoin protocol and its structural framework.
He went on to compare bitcoin's properties to gold as a store of value and a currency. Assange also suggested that bitcoin would see a major price swing in the future, although at the time he didn't directly predict that the price of bitcoin would rise to as much as $1,300 in the winter of 2013.
The WikiLeaks founder went on to detail some of the aspects of bitcoin mining, drawing a correlation between that and the mining of precious metals like gold. Discussing the nature of mining difficulty in the Bitcoin protocol, Assange framed it as a way to enforce scarcity and provide an incentive for adoption.
Speculation on bitcoin's future
Assange also discussed the development of a decentralized alternative to the domain name system, a concept that has since served as the foundation for namecoin and other block chain projects.
Assange identified some problems in the system as well, but suggested that there could be some ways in which the Bitcoin protocol could be deployed to solve them.
He said that the risk of key theft was something that would need to be addressed before broader bitcoin adoption could ever take place.
Google's bitcoin stance unclear
The episode seemed to suggest a curiosity on Google's part to investigate digital currencies further, but since then, the search engine giant has largely remained apprehensive.
Earlier this year, leaked emails suggested that Google was looking into the possible integration of bitcoin. Google later distanced itself from comments made by vice president Vic Gundotra.
Cohen himself voiced cautious support for digital currencies during a speech given at this year's SXSW festival. At the time, he said that cryptocurrencies are "inevitable", but that path forward remains unclear.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.