The American whistleblower has expressed his concerns about the financialization of the crypto space, but added that he sees huge promise in the technology.
Edward Snowden Talks Bitcoin
Edward Snowden says he believes in the crypto movement, but he thinks there are some major hurdles to address over the coming years.
Speaking in a virtual interview at Consensus 2022 in Austin today, the American whistleblower and President of the Freedom of the Press Foundation shared his thoughts on the promise of the emerging technology and issued a clear warning about the dangers of a world devoid of financial privacy with respect to crypto.
Snowden, who made international headlines when he leaked classified National Security Agency documents detailing surveillance practices of U.S. citizens in 2013, described Bitcoin’s public nature as a “core flaw” and said that the biggest reason for why it could fail is because it is not private. “It is failing as an electronic cash system because cash is...
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